Baidus video site iQiyi adds 37M subscribers in 2018 amid mounting losses
March 4, 2019

China’s Baidu, which is often compared to Alphabet’s Google, is showing no signs of slowing down its pace of betting on video content as its core advertising unit feels the squeeze from rivals. The company’s latest financial results show its Continue reading

Chat app Line injects $182M into its mobile payment business
February 25, 2019

Japanese messaging app company Line is pumping 20 billion JPY ($182 million) into its mobile payment business as it tries to turn things around following a challenging year in 2018.

The company announced the infusion into Line Pay, a subsidiary Continue reading

Nexon founder hints at plan to sell his $9B majority share in gaming giant
January 12, 2019

The founder of Korea’s Nexon, one of the biggest gaming companies on the planet, today appeared to acknowledge his intention to sell his controlling interest for around $9 billion.

The divestment has been a hot rumor after a report from newspaper Korea Economic Continue reading

Indonesia e-commerce leader Tokopedia raises $1.1B from Alibaba and SoftBanks Vision Fund
December 25, 2018

Indonesia-based e-commerce firm Tokopedia is the latest startup to enter the Vision Fund after it raised $1.1 billion Series G round led by the SoftBank megafund and Alibaba.

SoftBank and Alibaba are existing investors in the business — the Chinese Continue reading