Match Group restructures exec team with focus on Asia – TechCrunch

Match Group restructures exec team with focus on Asia – TechCrunch

Tinder parent company Match Group, also the owner of a suite of dating apps including OkCupid, Meetic, Match, PlentyofFish and others, announced this morning plans to restructure its leadership team in order to better focus on the market opportunities for dating apps in Asia. Specifically, the company has appointed three new general managers in Asia to focus on areas like Japan, Taiwan, India, South Korea and other parts of Southeast Asia. The company explains its decision has to do with

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The Khashoggi murder isn’t stopping SoftBank’s Vision Fund – TechCrunch

The Khashoggi murder isn’t stopping SoftBank’s Vision Fund – TechCrunch

Money talks in the startup community, especially when SoftBank comes knocking with the megabucks of its Vision Fund. Despite the public outcry around the firm’s dependence on money from Saudi Arabia in the wake of that country’s assassination of Washington Post journalist Jamal Khashoggi, deal flow for Softbank’s Vision Fund appears to be back to normal. The $100 billion megafund has done 21 deals over the last two quarters, that’s as more than in the other quarters of the previous

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Go-Jek extends ride-hailing service to the rest of Singapore – TechCrunch

Go-Jek extends ride-hailing service to the rest of Singapore – TechCrunch

After a limited rollout, Go-Jek said today that it will extend its ride-hailing service to all of Singapore tomorrow while continuing its beta phase. The Indonesian-based company began offering rides in Singapore at the end of November, but only for passengers riding to and from certain areas. It https://www.straitstimes.com/singapore/transport/gojek-introduces-dynamic-pricing-move-will-likely-attract-more-drivers-to-joinintroduced dynamic pricing there, which increases prices during peak times, a few days ago. “We continue to welcome feedback from driver-partners and riders during this enhanced beta phase, as we work to

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Go-Jek is close to launching a ride-hailing service in Singapore – TechCrunch

Go-Jek is close to launching a ride-hailing service in Singapore – TechCrunch

Indonesia’s ride-sharing startup Go-Jek plans to land in Singapore, its arch-rival Grab’s HQ, as soon as this month as its regional expansion program gains speed, TechCrunch has come to understand. Go-Jek has grown to become a $5 billion business that’s backed by the likes of Google and Tencent without venturing out of Indonesia, where it original motorbike taxi-hailing app has fanned out to cover cars, on-demand services, payments and more. But it decided to expand in Southeast Asia following Uber’s

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China’s Didi Chuxing launches taxi-hailing service in Japan – TechCrunch

China’s Didi Chuxing launches taxi-hailing service in Japan – TechCrunch

China’s Didi Chuxing is fighting fires at home around passenger safety, but overseas the ride-hailing giant has moved into another new market after its taxi-booking service began operations in Japan. The service has gone live in Osaka, the city of nearly nine million people, and parts of the surrounding area including Kansai International Airport. The Didi Japan app links passengers up with drivers from 10 local taxi companies, and Didi said it will use an AI-based dispatch and fleet management system

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Uber and Grab hit with $9.5M in fines over ‘anti-competitive’ merger – TechCrunch

Uber and Grab hit with $9.5M in fines over ‘anti-competitive’ merger – TechCrunch

Uber and Grab have been hit with combined fines of $9.5 million after their merger deal was found to have violated Singapore’s anti-competition laws. Grab acquired (and then merged/closed) Uber’s Southeast Asia business in March, but the Competition Commission of Singapore today declared the deal is “anti-competitive” following a months-long investigation into its impact on Singapore. The CCCS levied an SG$6,582,055 (US$4.8 million) fine on Uber and an SG$6,419,647 (US$4.7 million) fine on Grab, but it won’t unwind the deal,

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Golden Gate Ventures closes new $100M fund for Southeast Asia

Golden Gate Ventures closes new $100M fund for Southeast Asia

Singapore’s Golden Gate Ventures has announced the close of its newest (and third) fund for Southeast Asia at a total of $100 million. The fund hit a first close in the summer, as TechCrunch reported at the time, and now it has reached full capacity. Seven-year-old Golden Gate said its LPs include existing backers Singapore sovereign fund Temasek, Korea’s Hanwha, Naver — the owner of messaging app Line — and EE Capital. Investors backing the firm for the first time through

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Uber’s European rival Taxify raises $175M led by Daimler at a $1B valuation

Uber’s European rival Taxify raises $175M led by Daimler at a $1B valuation

There’s a new unicorn in the global ride-hailing space after Taxify, a startup born in Estonia that does battle with Uber across Europe and Africa, closed $175 million in new funding that takes it valuation to the $1 billion mark. Daimler, the German automotive giant which owns Mercedes-Benz among other things, led the round. The investment also featured participation from new backers Europe-based Korelya Capital and Taavet Hinrikus, founder of billion-dollar Estonian fintech startup Transferwise. Taxify said that China’s Didi Chuxing was among

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Shared housing startups are taking off

Shared housing startups are taking off

When young adults leave the parental nest, they often follow a predictable pattern. First, move in with roommates. Then graduate to a single or couple’s pad. After that comes the big purchase of a single-family home. A lawnmower might be next. Looking at the new home construction industry, one would have good reason to presume those norms were holding steady. About two-thirds of new homes being built in the U.S. this year are single-family dwellings, complete with tidy yards and plentiful parking.

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Ucare.ai is using AI to make healthcare more efficient in Southeast Asia

Ucare.ai is using AI to make healthcare more efficient in Southeast Asia

AI is being applied across the board in many industries worldwide, and its scope of influence is only likely to continue to expand as Kaifu Lee, a noted AI expert who was formerly head of Google China, recently told TechCrunch. The main battle appears to be between companies in the U.S. and China, but this week a startup in Southeast Asia came out of stealth mode to show that innovation is present elsewhere in the world. Ucare.ai is focused on applying

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