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Nintendo Market Cap Passes Sony’s

19 Jul

The craze surrounding the Pokemon Go game has kicked into high gear as Nintendo’s market capitalization passed Sony’s on Monday. Since the Pokemon Go game was released, Nintendo’s valuation has more than doubled. (more…)

eBay To Take Its India Made Digital Payments Solution ‘PaisaPay’ Global

10 Apr

By Mudit Mohilay, The Tech Portal

eBay’s dedicated development centre at Bengaluru seems to be churning out some good stuff. And as an outcome of that, the company has decided to export some of the technology developed at the centre to other countries. (more…)

UnionPay International Accelerates Mobile QuickPass Expansion Overseas–180,000 POS terminals ready

9 Mar

Based on analyses of Chinese tourists’ overseas spending, UnionPay International is rapidly and accurately expanding QuickPass business overseas. Nearly 180,000 POS terminals in Hong Kong, Macao, Taiwan, South Korea, Australia, New Zealand, Singapore accept UnionPay chip cards with “QuickPass” signage and various mobile QuickPass-enabled products. The overseas transaction volume of UnionPay QuickPass grew 8 times in 2015, and is growing rapidly this year. (more…)

Chinese Steel Platform Raises US$151.7 Million in Series E Funding

7 Jan

Chinese steel B2B platform announced Jan. 4 it has raised over 1 billion RMB (US$151.71 million) in series E funding. (more…)

Alibaba’s Ant Financial Begins Series B Funding

5 Jan

Ant Financial, an affiliate of Chinese e-commerce giant Alibaba, confirmed Jan. 4 that the company has begun series B funding but declined to comment on a media report that said Ant Financial planned to raise at least 10 billion RMB (US$1.52 billion). (more…)

Qihoo 360’s Qi Xiangdong Reportedly Leading Management Buyout

11 Dec

Qi Xiangdong, co-founder and director of Chinese anti-virus software supplier Qihoo 360 Technology, is reportedly leading a management buyout (MBO) of Qihoo 360’s enterprise security division for an estimated price of US$300 million. (more…)

SC Investment Management Granted Singapore Capital Markets Services License

26 Nov

SC Investment Management Pte Ltd, an affiliate of SC Capital Partners, a real estate private equity platform that invests across the Asia-Pacific region, has been awarded a Capital Markets Services licence by the Monetary Authority of Singapore to provide fund management services in Singapore. The licence was approved on November 12 2015. (more…)

Taiwan’s Q3 Manufacturing Output Shows Double-Digit Decline

23 Nov

Taiwan’s manufacturing output in the third quarter of this year showed a double-digit decline and the lowest point since 2013, according to data released by the country’s economics officials on Nov. 19. (more…)

WeChat Extends Payment Services to Overseas Businesses and Nine Foreign Currencies

23 Nov

WeChat announced to extend its mobile payment services to overseas businesses and now support nine foreign currencies. (more…)

Facebook Tests ‘Fundraisers’, A New Tool To Help Non-Profits Raise Campaign Specific Funds

20 Nov

By Zuber Ahmad, The Tech Portal

Facebook wants to make it easier for non-profits to seek donations through the social networking platform. The company has now come up with a new feature designed to make fundraising that much easier and has also improved the Donate button — Facebook’s first step towards making non-profits earn donations easily. (more…)