Chinese tech giant Alibaba has acquired e-commerce site Kaola from compatriot NetEase for around $2 billion. Kaola, which sells imported goods in China, and competes with JD.com’s JD Worldwide, and Alibaba’s own…
Facebook’s Libra Cryptocurrency is Already Under Attack on Multiple Fronts
It has barely been two months since Mark Zuckerberg announced Facebook’s long awaited foray into the cryptocurrency market with Libra—but the platform already faces a raft of attacks from regulators and competitors.…
EMQ’s “Remittance Railroad” Through Southeast Asia Required Patience – and Resolve
Each Sunday, in Hong Kong, hundreds of Philippine migrant workers queue up outside remittance offices, the lines snaking around entire city blocks, to send money home. For most, it’s their only free…
More than Ever, Tech Giants Must Beware China’s Human Rights Record
This week, a fortnight after he mysteriously vanished, Beijing confirmed that it has detained Meng Hongwei, the President of Interpol. The move, which Human Rights Watch says shows that “no one’s immune…
Here Are Macau’s Three Most Exciting Startups
Hong Kong may be recognized as the tech darling of China’s south coast. But its sister territory, just a four-hour ferry across the Zhujiang River Estuary, has a startup scene of its…
Four Beijing-Based Unicorns You May Never Have Heard Of
In case you’ve been living under a very large, dark rock, you’ll know that Chinese tech is poised to take on the world – trade war or no. And while western headlines…
Google Tries to Contain Employee Fury over Censored China Search Engine
Google has locked employees out of sensitive documents, as it faces an employee backlash over its highly secretive plans to unveil a censored search engine for China. The outrage, reported by The Intercept,…
Former Apple Employee Charged for Stealing Self-Drive Tech
Federal prosecutors have charged a former Apple employee with stealing trade secrets associated with the company’s self-driving vehicle technology. Xiaolang Zhang stole the information on the same day he handed in his…
Iceland’s ‘Big Bitcoin Heist’ Showed How Strong the Country’s Crypto Economy Really Is
It was a story that seemed like it was pulled straight from pulp fiction: a developer and smalltime criminal steals 600 Bitcoin mining units, and escapes on a plane alongside his country’s…
Somatix Co-founder and CEO Eran Ofir: “To Succeed, You Must Be in Touch with Reality”
Eran Ofir is co-founder and CEO of Somatix, a gesture-driven health and wellbeing wearable tech company. Founded in 2015 in New York City, the firm is now backed with $7.5 million in…