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China Roundup: facial recognition lawsuit and cashless payments for foreigners

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Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people...

Klarna raises $460 million, looks to expand its payments presence in...

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Swedish payments provider Klarna has announced a new round of equity funding, adding $60 million at a post-money valuation of $5.5 billion, which makes...

Razer goes big on payments with Visa prepaid card

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The latest pairing between a tech upstart and a financial titan is a digital prepaid card targeted at Southeast Asia’s 430 million-plus unbanked and...

Line teams up with Visa to boost its mobile payment service

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Messaging app Line has partnered with Visa to bring traditional financial clout to its mobile payment service. The deal will see Line Pay become compatible...

A young entrepreneur is building the Amazon of Bangladesh

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At just 26, Waiz Rahim is supposed to be involved in the family business, having returned home in 2016 with an engineering degree from...

Alibaba-backed facial recognition startup Megvii raises $750 million

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One of China’s most ambitious artificial intelligence startups, Megvii, more commonly known for its facial recognition brand Face++, announced Wednesday that it has raised...

China wants its rural villages to go cashless by 2020

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Residents of even the tiniest far-flung villages in China may soon be able to pay on their phones to run daily errands as Beijing...

PayPal shutters Malaysia office as part of customer service reorg

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Payment giant PayPal has closed its office in Malaysia as part of a restructuring of its customer support teams. The office, located in capital city...

Ola to Roll Out its Postpaid Payment Service for All Users

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Cab-hailing app Ola on Thursday said it will roll out its digital credit/postpaid payment service ‘Ola Money Postpaid’ to all its 150 million users...

WeChat is quietly ranking user behavior to play catch-up with Alibaba

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Over one billion people leave behind trails of information on WeChat every day as they use the messenger to chat, read, shop, hail rides,...