Sources: China tightens scrutiny of Apple and other US tech firms' exports under its dual-use export controls, slowing production expansion in SE Asia and India
Lauly Li / Nikkei Asia :
Singapore-based Igloo, an AI-based insurtech platform for underserved groups in SE Asia, raised a $27M Series B extension, bringing the round's total to $46M
Catherine Shu / TechCrunch :
Report: mobile wallets became the most widely used payment method in 2019, 2.8B wallets were in use by the end of 2020; SE Asia is the fastest growing region
Yoolim Lee / Bloomberg : Source: Boku .
Report: mobile wallets became the most widely used payment method in 2019, 2.8B wallets were in use by the end of 2020; SE Asia is the fastest growing region
- Mobile wallets are now the most widely used payment method — Chinese wallets not likely to dominate emerging Asia: study Source: Boku .
Pine Labs, a payments company and SaaS provider for merchants in India and SE Asia, raises $600M at a $3B valuation, says it plans to IPO in the next 18 months
Saritha Rai / Bloomberg :
PropertyGuru, which runs real estate rental and sale listing sites in SE Asia, raises $220M from KKR and TPG, following its cancelled Australia IPO last year
Aradhana Aravindan / Reuters :
Inside PlusToken, a Ponzi scheme that collected ~$3B worth of cryptocurrencies from investors in China and SE Asia this year, and the efforts to trace the funds
Colin Harper / Bitcoin Magazine :
Wavecell, a cloud-communications platform for companies in SE Asia, has been acquired by cloud-based conferencing solutions provider 8x8 in a deal worth ~$125M
Catherine Shu / TechCrunch :
Inside the illicit world of “iCloud unlocking”, where cybercriminals trick iPhone owners or Apple staff into removing an iCloud account to resell the iPhone
In a novel melding of physical and cybercrime, hackers, thieves, and even independent repair companies are finding ways to “unlock iCloud” from iPhones. Tweets: @josephfcox , @jason_koebler , @jason_k...
Uber's $9.3B deal with SoftBank closes; new board member Rajeev Misra says Uber should return focus to US, Europe, Latin America, Australia to become profitable
Filling In What SoftBank's Uber Statement Didn't Say Mallory Shelbourne / The Hill : Ex-Uber CEO nets $1.4B as company closes Softbank deal Denisse Moreno / International Business Times : Travis Kalan...