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[Currently in BETA mode]

eleva8or introducer engine helps Startups and Investors come together efficiently

For Startups, eleva8or helps them to prepare for due-diligence to attract capital from savvy investors around the globe

For Investors, eleva8or helps to provide exposure to new and emerging Startups that fit their investment profiles

eleva8or is not crowdfunding, typically one or two Investors participate in deals

STARTUPS

INVESTORS

Lightspeed is raising its largest China fund yet

On December 17, 2018Source: Asia – TechCrunchBy Kate Clark
Categories: Asia, Startups, Venture Capital, Baidu, China, Google, lightspeed, lightspeed venture partners, U.S. Securities and Exchange Commission

Lightspeed China Partners has filed to raise $360 million for its fourth venture fund.

Google is spending $1 billion to build a massive new campus in New York

On December 17, 2018Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Google

Days after Apple announced a major expansion to its operations in the U.S. — including a new $1 billion campus in Austin — fellow tech giant Google has announced that it too will invest $1 billion as it sets up a new campus at Hudson Square in New York. Google already has 7,000 staff located in New […]

Byju’s targets global expansion for its digital education service after raising $540M

On December 17, 2018Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Education, Fundings & Exits, africa, Brainly, BYJU, byju's, chan zuckerberg initiative, Facebook, general atlantic, india, latin america, lightspeed ventures, Mark Zuckerberg, Naspers, Southeast Asia, Tencent, Times Internet, udemy, world wide web

India-based educational startup Byju’s was widely reported to have raised a massive $400 million round, and now the company is making things official. The 10-year-old company revealed today it has pulled in a total of $540 million from investors to go after international opportunities. The round is led by Naspers, the investment firm famous for […]

BMW’s premium ride-hailing service is now live in China

On December 17, 2018Source: Asia – TechCrunchBy Rita Liao
Categories: Asia, Transportation, BMW, carsharing, China, commuting, Daimler, didi, Didi Chuxing, Geely, player, ReachNow, transport, Uber, volkswagen

BMW has joined a handful of automakers to compete with transportation upstart Didi Chuxing, which bought Uber’s Chinese business in 2016. Last Friday, the German luxury carmaker launched a premium ride-hailing service in Chengdu, the capital of China’s Sichuan Province with over 14 million people. The new offer is part of BMW’s ReachNow carsharing brand that kicked […]

Nvidia’s limited China connections

On December 14, 2018Source: Asia – TechCrunchBy Danny Crichton
Categories: Asia, Government, Hardware, Policy, China, Foxconn, nvidia, quantum computing, Samsung Electronics, semiconductors, SK Hynix, TSMC

Another round of followups on Nvidia, and then some short news analysis. TechCrunch is experimenting with new content forms. This is a rough draft of something new – provide your feedback directly to the author (Danny at danny@techcrunch.com) if you like or hate something here. Nvidia / TSMC questions Following up on my analyses this […]

China’s BYD further drives into Chile with 100 electric buses

On December 14, 2018Source: Asia – TechCrunchBy Rita Liao
Categories: Asia, Government, GreenTech, TC, Transportation, brazil, BYD, cars, Chile, China, Colombia, ecuador, electric bus, electric vehicle, Enel, transport

Over the past few years, Chinese automaker giant BYD has been on a partnership spree with cities across China to electrify their public transportation systems, and now it’s extending its footprint across the globe. On Thursday, BYD announced that it has shipped 100 electric buses to Santiago, the capital city of Chile. The step marks […]

Jack Dorsey and Twitter ignored opportunity to meet with civic group on Myanmar issues

On December 14, 2018Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Social, Facebook, jack dorsey, Myanmar, social media, Southeast Asia, Twitter, united nations

Responding to criticism from his recent trip to Myanmar, Twitter CEO Jack Dorsey said he’s keen to learn about the country’s racial tension and human rights atrocities, but it has emerged that both he and Twitter’s public policy team ignored an opportunity to connect with a key civic group in the country. A loose group […]

LemonBox, which brings US vitamins to Chinese consumers, raises $2M

On December 14, 2018Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Funding, Fundings & Exits, Recent Funding, Startups, Baidu, China, computing, executive, lemonbox, Microsoft, mobile payments, qi lu, Software, supply chain, Tencent, United States, Walmart, WeChat, Y Combinator

LemonBox, a Chinese e-commerce startup that imports vitamins and health products from the U.S., has raised $2 million to develop its business. The company graduated from Y Combinator’s most recent program in the U.S. and, fueled by the demo day, has pulled in the new capital from 10 investors, which include Partech, Tekton Ventures, Cathexis […]

On stock prices and Nvidia

On December 13, 2018Source: Asia – TechCrunchBy Danny Crichton
Categories: Asia, Government, Hardware, Policy, China, nvidia, Samsung, semiconductors, Tariffs, TSMC

Yesterday’s analysis of Nvidia’s challneges triggered a surge of mail from readers. The company has lost about half of its value over the past two months, and has mostly blamed a “crypto hangover” for the problem. But as I pointed yesterday, it’s really the three Cs: “Crypto, customers, and China.” There are nuances here worth […]

What China searched for in 2018: World Cup, trade war, Apple

On December 13, 2018Source: Asia – TechCrunchBy Rita Liao
Categories: Asia, Entertainment, TC, Android, Apple, artificial intelligence, Baidu, China, Facebook, Google, huawei, iQiyi, Netflix, oppo, producer, Qualcomm, quantum computing, search engine, shenzhen, smartphone, Tencent, world cup

Soon after Google unveiled the top trends in what people searched for in 2018, Baidu published what captivated the Chinese in a parallel online universe, where most of the West’s mainstream tech services, including Google and Facebook, are inaccessible. Google’s year in search 2018: the World Cup, Fortnite GIFs and Bitcoin China’s top search engine […]

African fintech startup Jumo raises $12.5M more to fund Asia expansion

On December 13, 2018Source: Asia – TechCrunchBy Jon Russell
Categories: Apps, Asia, Finance, Recent Funding, Startups, africa, asia pacific, carsharing, ceo, economy, finance, Goldman Sachs, jumo, kenya, London, money, pakistan, Proparco, Singapore, Tanzania, Uber

Months after a big round, African fintech startup Jumo has pulled in a fresh $12.5 million to add more fuel for its expansion into Asia Pacific. The new investment comes from London-based investment fund Odey Asset Management, and it is an extension to a $52 million round that closed back in September. The deal takes Jumo, […]

Grab lands $150M for Yamaha Motor to double down on motorbike on-demand services

On December 13, 2018Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Funding, Fundings & Exits, grab, yamaha motors

Grab, the Southeast Asia ride-hailing firm that bought out Uber’s local business, has added another investor to its rolling cast of backers after it added $150 million from Yamaha Motor to its ongoing Series H round. That round is targeted at $3 billion, and Yamaha Motor joins an investor group in the round that includes […]

Lazada, Alibaba’s Southeast Asia e-commerce business, gets a new CEO

On December 13, 2018Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, eCommerce, Personnel, alibaba, Ant Financial, ceo, coo, e-commerce, economy, executive, Lazada, lucy peng, max bittner, online marketplaces, Rocket Internet, singles' day, Southeast Asia

Alibaba has reshuffled the leadership at Lazada, its e-commerce firm in Southeast Asia, after CEO Lucy Peng — an original Alibaba co-founder — stepped down to be replaced by Lazada executive president Pierre Poignant after just nine months in the role. Alibaba owns more than 90 percent of Lazada but it has been involved in the business […]

TNB Aura closes $22.7M fund to bring PE-style investing to Southeast Asia’s startups

On December 13, 2018Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Funding, Fundings & Exits, TC, artificial intelligence, Australia, business, economy, entrepreneurship, finance, golden gate ventures, Google, Indonesia, jungle ventures, manufacturing, money, Monk's Hill Ventures, openspace ventures, Philippines, Private Equity, Singapore, Southeast Asia, Startup company, temasek, Thailand, TradeGecko, United States, venture capital, vietnam

TNB Aura, a recent arrival to Southeast Asia’s VC scene, announced today that it has closed a maiden fund at SG$31.1million, or around US$22.65 million, to bring a more private equity-like approach to investing in startups in the region. The fund was launched in 2016 and it is a joint effort between Australia-based venture fund Aura […]

After losing half its value, Nvidia faces reckoning

On December 12, 2018Source: Asia – TechCrunchBy Danny Crichton
Categories: Artificial Intelligence, Asia, Blockchain, Cryptocurrency, Government, Hardware, Amazon, Apple, Baidu, Bitmain, Facebook, Google, GPU, nvidia

Nvidia is a company that has reached the highest highs and the lowest lows, all in the span of a couple of weeks. TechCrunch is experimenting with new content forms. This is a rough draft of something new — provide your feedback directly to the author (Danny at danny@techcrunch.com) if you like or hate something […]

China’s second-largest gaming company to sell comics assets to rival

On December 12, 2018Source: Asia – TechCrunchBy Rita Liao
Categories: Asia, Entertainment, acg, Chief Operating Officer, China, comics, netease, subculture, Tencent

China’s online youth entertainment platform Bilibili said it has agreed to buy major assets from the comics arm of gaming giant NetEase, which helped introduce Marvel’s first batch of Chinese superheroes in May. The deal announced on Wednesday will see Bilibili acquire the copyrights of a large number of popular storylines from NetEase to beef up […]

Starbucks challenger Luckin snags $200M investment on $2.2B valuation

On December 12, 2018Source: Asia – TechCrunchBy Rita Liao
Categories: Apps, Asia, Food, Funding, alibaba, alibaba group, Beijing, China, Coffee, e-commerce, Ele.me, food and drink, food delivery, GIC, idreamsky, luckin, managing partner, Seattle, starbucks

Luckin, a startup that vows to topple Starbucks’ dominance in China, announced on Wednesday that it’s lifted its valuation to $2.2 billion after raising $200 million in a Series B funding round. This comes only five months after the coffee upstart, which soft-launched in January, picked up $200 million in investment. Luckin has been on a spending spree […]

China’s Tencent Music raises $1.1 billion in downsized US IPO

On December 12, 2018Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Funding, Fundings & Exits, Media, TC, apple music, China, computing, initial public offering, microsoft windows, music streaming services, Online Music Stores, Software, Spotify, Tencent, tencent music, xbox

Tencent Music, China’s largest streaming company, has raised $1.1 billion in a U.S. IPO after it priced its shares at $13 apiece ahead of a listing on the NYSE today. That makes it one of the largest tech listings of the year, but the pricing is at the bottom end of its $13-$15 range, indicating […]

Indonesia e-commerce leader Tokopedia raises $1.1B from Alibaba and SoftBank’s Vision Fund

On December 12, 2018Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, eCommerce, Funding, Fundings & Exits, TC, alibaba, alibaba group, analyst, business, Central Intelligence Agency, chairman, China, e-commerce, economy, financial services, Indonesia, Jamal Khashoggi, journalist, Lazada Group, Masayoshi Son, Mohammed Bin Salman, online marketplaces, Saudi Arabia, Sequoia, Softbank, SoftBank Group, softbank ventures korea, Southeast Asia, taobao, Tencent, Trump administration, Vision Fund

Indonesia-based e-commerce firm Tokopedia is the latest startup to enter the Vision Fund after it raised a $1.1 billion Series G round led by the SoftBank megafund and Alibaba. SoftBank and Alibaba are existing investors in the business — the Chinese e-commerce giant led a $1.1 billion round last year, while SoftBank recently transitioned its […]

Huawei CFO accused of fraud is granted $7.5M bail

On December 11, 2018Source: Asia – TechCrunchBy Kate Clark
Categories: Asia, Policy, TC, Canada, huawei, Meng Wanzhou, Ren Zhengfei

The decision concludes a three-days-long court hearing in which the judge and the public prosecutor debated whether Wanzhou would breach her bail conditions.