Facebook adds new limits to address the spread of hate speech in Sri Lanka and Myanmar

As Facebook grapples with the spread of hate speech on its platform, it is introducing changes that limit the spread of messages in two countries where it has come under fire in recent years: Sri Lanka and Myanmar. In a blog post on Thursday evening, Facebook said that it was “adding friction” to message forwarding […]

Calibra wallet won’t launch in Facebook’s biggest market

Facebook unveiled its audacious Libra cryptocurrency and Calibra digital wallet on Tuesday, through which it plans to transform financial services across the globe. The social juggernaut made clear its ambitions when it said that it wishes to empower more than 1.7 billion people around the world who currently do not have a bank account. But […]

Indonesia’s EV Hive raises $13.5M and expands into co-living and new retail

WeWork’s battle to win co-working in Indonesia, the world’s fourth most populous country, is intensifying after one of the U.S. firm’s key rivals issued a slew of announcements to double down on its business. EV Hive, an Indonesia-based co-working startup, said today that it has raised $13.5 million and expanded into new verticals. The company […]

Anti-spam service Truecaller adds free voice calling feature

Truecaller, an app best known for helping users screen calls from strangers and spammers, is adding yet another feature to its service as it bolsters its super app status. The Stockholm-based firm said today that its app can now be used to place free VoIP-powered voice calls. The company told TechCrunch on Tuesday that it […]

India’s payments firm MobiKwik kick-starts its international ambitions with cross-border mobile top-ups

MobiKwik, a mobile wallet app in India that has expanded to add several financial services in recent years, said today it plans to enter international markets as it approaches profitability with the local operation. The company is kick-starting its overseas ambitions with cross-border mobile top-ups support. The 10-year-old firm said it has partnered with DT […]

Why is Andreessen Horowitz (and everyone else) investing in Latin America now?

Investments by U.S. venture capital firms into Latin America are skyrocketing and one of the firms leading the charge into deals is none other than Silicon Valley’s Andreessen Horowitz. The firm that shook up Silicon Valley with potentially over-generous term sheets and valuations and an overarching thesis that “software is eating the world” has been […]

Facebook backs social commerce startup Meesho in first India investment

As Facebook explores ways to generate revenue from WhatsApp, the company is now turning to a startup that already has a lead. The social juggernaut said today it has invested in social-commerce startup Meesho in what is the first time the firm takes equity in an Indian startup. Neither Facebook nor Meesho, which prior to […]

Xiaomi’s budget Mi Band wearable now sports a color screen and voice assistant

Xiaomi has refreshed its smart fitness tracker and unveiled a range of other gadgets in China, giving a glimpse at some of its affordable products that it will likely be bringing to other markets in the coming future. The wearable fitness tracker, called Mi Smart Band 4, sports a bigger AMOLED display (39.9% increase in […]

Go-Jek doubles down on India with yet another talent acquisition

Go-Jek may be based in Southeast Asia, but the multi-billion-dollar ride-hailing firm continues to tap India for engineering talent. The Indonesia-headquartered firm announced today that it has acquired AirCTO, a recruitment platform based in Gurgaon. The acquisition, the price of which has not been disclosed, is a talent grab. AirCTO’s platform uses a mix of […]

Korean hotel platform Yanolja raises $180M at a valuation of over $1B

The travel tech industry has got another unicorn. Following the likes of Airbnb, OYO, Traveloka and Klook, Korea’s Yanolja said today it has closed a $180 million Series D round that takes it valuation beyond $1 billion. The investment is led by GIC, a Singapore sovereign wealth fund, and Booking Holdings, the U.S. firm behind […]