Asia

A breach every month raises doubts about South Korea’s digital defenses

Security /

South Korea is world-famous for its blazing-fast internet, near-universal broadband coverage, and as a leader in digital innovation, hosting global tech brands like Hyundai, LG, and Samsung. But this very success has made the country a prime target for hackers and exposed how fragile its cybersecurity defenses remain.   The country is reeling from a string […]

A breach every month raises doubts about South Korea’s digital defenses Read More »

A breach every month raises doubts about South Korea’s digital defenses

Security /

South Korea is world-famous for its blazing-fast internet, near-universal broadband coverage, and as a leader in digital innovation, hosting global tech brands like Hyundai, LG, and Samsung. But this very success has made the country a prime target for hackers and exposed how fragile its cybersecurity defenses remain.   The country is reeling from a string

A breach every month raises doubts about South Korea’s digital defenses Read More »

Uber terminates Foodpanda Taiwan acquisition, citing regulatory hurdles

Enterprise /

Uber Technologies has ended its acquisition of Delivery Hero’s Foodpanda in Taiwan, the Germany-based tech firm said on Tuesday. The announcement comes roughly three months after Taiwan’s antitrust regulator blocked the deal, citing competitive issues. The Fair Trade Commission (FTC) said that if Uber acquired Foodpanda, its market share in Taiwan would increase to 90%,

Uber terminates Foodpanda Taiwan acquisition, citing regulatory hurdles Read More »

LemFi moves remittances further into Asia and Europe with $53M in new funding

Fintech /

For many emerging market economies, remittances have become a lifeline. Inflows surpassed $669 billion in 2023, according to World Bank research, and they now represent significant portions of GDP in these countries, often outpacing foreign direct investment as the primary source of foreign exchange.  Traditional banks and agents maintain a firm grip on the remittance

LemFi moves remittances further into Asia and Europe with $53M in new funding Read More »

KPay, a financial management platform for SMEs, raises $55M Series A

Fundraising /

Sometimes, the easiest way to find a great idea for a startup is to look beyond the current problem you’re solving for your customers. That’s exactly what worked for the founders of KPay. Davis Chan and his co-founders previously helped small and medium-sized merchants optimize their revenue and traffic in Asia, but they eventually noticed

KPay, a financial management platform for SMEs, raises $55M Series A Read More »

India regulator issues notice to Ola Electric over consumer rights concerns

Transportation /

The Central Consumer Protection Authority, India’s consumer rights regulator, has sent a show-cause notice to Ola Electric over alleged violation of consumer rights, escalating troubles for the leading electric vehicle maker whose shares dropped 9% earlier on Monday, The notice, issued on Monday, gives the Bengaluru-headquartered firm 15 days to respond to allegations that include

India regulator issues notice to Ola Electric over consumer rights concerns Read More »

Ola Electric stock tumbles as complaints ratch up, and market share erodes

Transportation /

Indian electric vehicle maker Ola Electric’s customers aren’t happy with its service and scooters, and it’s affecting the company’s stock and market share. The company’s shares fell by as much as 9.1% on Monday to ₹89.14, sending its market cap below $4.75 billion for the first time since its IPO in August. The company’s shares

Ola Electric stock tumbles as complaints ratch up, and market share erodes Read More »

India scraps ‘angel tax’ in boost to startups

Startups /

India’s federal government has removed the controversial “angel tax” for all classes of investors, delivering a major victory to the country’s startup ecosystem that had lobbied for years against the measure. “To bolster the India startup ecosystem, to boost entrepreneurial spirit and support innovation, I propose abolishing angel tax for all classes of investors,” Finance

India scraps ‘angel tax’ in boost to startups Read More »

Indian game firms want to distance themselves from fantasy sports

Gaming /

For over a decade, real-money gaming companies and fantasy sports startups have marketed themselves as video game companies. But as these businesses face increasing regulatory scrutiny, a coalition of more than 70 video game companies in India is urging the government to create a clear distinction between their industries. In a letter to Prime Minister

Indian game firms want to distance themselves from fantasy sports Read More »