Category: Asia
Google abused dominant position of Android in India, antitrust probe finds
Google has abused the dominant position of Android in India to illegally hurt competitors in the world’s second largest internet market, a two-year antitrust probe by the nation’s watchdog has found. The Android-maker reduced device manufacturing firms’ ability and incentive to develop — and sell — devices running alternative versions…
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Byju’s acquires coding platform Tynker for $200 million in US expansion push
Byju’s said on Thursday it has acquired California-headquartered Tynker, a leading coding platform for K-12 students, the latest in a series of major purchases as the Indian edtech giant attempts to aggressively expand to international markets. The companies didn’t disclose the terms of the deal, but a person familiar with…
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Indonesia-based Rey Assurance launches its holistic approach to insurance with $1M in funding
Rey Assurance co-founders Bobby Siagian and Evan Tanotogono Health insurance is the kind of thing people usually only think about only when they need it. Otherwise, their policies are just paperwork in their files or cards in their wallet. Indonesian insurtech Rey Assurance is taking a new approach. Once someone…
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Is India’s BNPL 2.0 set to disrupt B2B?
Anubhav Jain Contributor Anubhav Jain is co-founder and CEO of Rupifi, India’s first embedded lending fintech. He has more than a decade of experience in credit risk, analytics, customer management and portfolio development. Both as a term and as a financial product, “buy now, pay later” has become mainstream in…
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Extra Crunch roundup: China’s new data privacy law, fractional farming, debt vs. equity
China’s first data privacy laws go into effect on November 1, 2021. Will your company be in compliance? Modeled after the EU’s GDPR, the new regulations “[introduce] perhaps the most stringent set of requirements and protections for data privacy in the world,” writes Scott W. Pink, special counsel in O’Melveny’s…
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Microsoft confirms investment in India’s Oyo in a multi-year strategic deal to co-develop travel and hospitality products
Microsoft has entered a “multi-year strategic alliance” with Oyo to work with the Indian startup to co-develop “next-generation” travel and hospitality products and tech. Thursday’s announcement confirms a late July TechCrunch report. TechCrunch had reported that Microsoft was in talks to invest in Oyo and was exploring ways to provide…
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