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Naspers Foundry is open for South African startup pitches, CEO says

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Naspers’ 1.4 billion rand (≈$100 million) VC fund to support South African startups — Naspers Foundry — is accepting pitches, after making its first...

Khatabook raises $25M to help small businesses in India record financial...

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Even as tens of millions of Indians have come online for the first time in recent years, most businesses in the nation remain offline....

India’s Milkbasket in talks to raise over $50M

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Milkbasket, a Gurugram-based micro-delivery startup, is in talks to close a new financing round as it looks to expand its footprints in milk, groceries,...

WeChat restricts controversial video face-swapping app Zao, citing “security risks”

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Zao went viral in China this weekend for its realistic face-swapping videos, but after controversy about its user policy, WeChat restricted access to the...

Tencent brings cloud service to Japan in global push

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The world’s largest video game publisher is looking outside its home country for growth. Tencent, the Chinese internet behemoth that operates WeChat and a...

Carrefour sale shifts the balance of power in China’s new retail...

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Hot on the heels of Amazon’s decision to shutter its local marketplace, Carrefour — another global commerce giant — is switching up its approach...

Alibaba proposes share split ahead of reported $20B Hong Kong IPO

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Alibaba is being heavily linked with a public listing in Hong Kong, which could reportedly happen in Q3 and raise up to $20 billion....

China says apps should get user consent before tracking

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Chinese regulators might follow the European Union’s lead to make life harder for internet companies such as TikTok that closely track behavior of their...

Kurly, a grocery e-commerce startup in Korea, closes upsized $113M Series...

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Kurly, a startup that operates a grocery delivery service in Korea, said today that it has closed an upsized Series D round that reached...

Tencent CEO warns companies must keep innovating to survive amid US-China...

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On Tuesday, Tencent’s usually low-profile founder and CEO Pony Ma made rare comments to weigh in on escalating tensions between the United States and...