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The company said it would be setting up new technology centers in Bengaluru in India, and in Phoenix and Pittsburgh in the US.

High-performance Chinese device built from 80% commodity parts, many from the US.

The news came shortly after NextPay Holdings announced plans to raise around USD 60 to 100 million in the first quarter next year and go public in 2022. 

With an after-deal valuation of USD 13 billion, Yuanfudao is the most valuable edtech unicorn in China.

Many Chinese households only use streaming for TV, typically paying less than USD 5 a month.

The Korean fund has invested in six startups in Southeast Asia so far, with more to come down the pipeline.

Kuaishou plans to incubate 100,000 businesses and help them achieve USD 146,000 in annual sales within the year.

The UAE-based online-grocery delivery platform InstaShop has been acquired for USD 360 million by Delivery Hero.

Southeast Asia Freedom of Expression Network, or Safenet, recorded at least 29 violations in Indonesia this year, often targeting journalists and activists.

Instashop’s sale to Delivery Hero is a historic episode in the Middle East’s startup scene.