RedDoorz is faces strong competition from Softbank-backed OYO. RedDoorz, a Singaporean hotel booking and management platform, has raised $70 million in its ongoing funding round. This is its second funding round so far in 2019. Asia Partners, a Singaporean private-equity firm is leading the funding round, which also saw the participation of Mirae Asset-Naver Asia…
Brazil’s second-hand car market is booming and Volanty’s latest funding is proof of that. On Thursday, Volanty, a digital used car portal in Brazil stated, it has received a funding of $17.6 million (70 million reais) from a consortium of venture capital funds led by Japan’s SoftBank and Kaszek of Argentina. The development comes in…
The material, EUV photoresists, is crucial for chip production. On Thursday, South Korean Prime Minister Lee Nak-yon stated, Japan has approved the export of a high-tech material to South Korea. This is the first such export since Japan tightened the exports of high-tech materials used in the making of displays and chips. Japan has approved…
Cyberreason’s strength lies in its core offering – Endpoint Protection Platform. On Tuesday, Antivirus startup Cybereason disclosed, it has raised $200 million in investment from Japan’s SoftBank Group Corp. Founded in 2012, so far the Boston-based company has managed to raise $400 million in funding rounds. Previously it raised capital from Spark Capital, CRV, and…
The electrification of the auto industry is taking place at a neck breaking speed. Much of its success will depend on cost effective access to batteries which will power these electric vehicles. In a significant development, Japan’s Toyota Motor Corp has agreed to partner with China’s Contemporary Amperex Technology Co Ltd (CATL) to supply and…
This is a milestone in the practical implementation of cryptocurrency, which is slated to be the future of money. On Thursday, in a significant development, the government of Japan stated, it is leading a global push to install an international network for cryptocurrency payments, just like the SWIFT network used by banks. The effort is…
Sharp had acquired Dynabook, which makes laptop computers, from Toshiba Corp in 2018. On Tuesday, Dynabook, a unit of Japan’s Sharp Corp which makes laptop computers, stated it aims to go public in fiscal year 2021. In 2018, Sharp had completed the acquisition of the personal computer unit from Toshiba Corp.
The development is significant since it marks an acceleration in the banding of automakers in an industry which is placing growing emphasis on offering vehicle services rather than selling cars to individual drivers. On Friday, five Japanese automakers including Mazda Motor Corp and Suzuki Motor Corp, stated they would be investing 2% of their revenues…
The new wave of tariffs which could go into effect from August 1, is likely to cover consumer electronics, including smartphones and tablets. With U.S. President Donald Trump deliberating whether to make good on his threat to impose tariffs on the remaining un-tariffed Chinese exports to the United States, Trump met Apple’s CEO Tim Cook…
While market share and profits are key factors in growth, maintaining business relations with the U.S. ie equally if not more important. In a significant development, the world’s third biggest supplier of semiconductor manufacturing equipment, Japan’s Tokyo Electron, stated it will stop supplying its Chinese clients that have been blacklisted by Washington. China is locked…
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