Southeast Asia Archive

iPrice adds price comparison to its one-stop e-commerce site in Southeast Asia

Southeast Asia-based shopping site iPrice has introduced a major update that brings direct price comparison to its e-commerce aggregation service. iPrice raised $1.2 million last year and it aims to be a one-stop destination for online shopping n Southeast Asia, a region noted for its potential as internet access continues to grow among its 600 cumulative population. It claims more than 500 merchant partners and 1.6 million visitors monthly, and has now …

Roku lands its first streaming deal in Asia with Philippines-based PLDT tie-up

Roku, the streaming media company, has netted its first deal with an operator in Asia after it announced an agreement with Philippine Long Distance Telephone Company (PLDT). PLDT is no stranger to deals with tech companies, it invested in Rocket Internet to develop technologies for Southeast Asia and was an early backer of Netflix-like service iFlix, which also operates in Southeast Asia. Now, through its deal with …

Google switches on new undersea cable for faster internet speeds in Asia

Google is speeding up its internet services in Asia once again. Fresh from expanding its data centers in the region — which are located in Singapore and Taiwan — last year, the company said today that it has switched on a new undersea cable that will quicken services like YouTube and its cloud computing platform. The cable connects Google’s facility in Taiwan with a location in Japan, which …

Foodpanda is selling its Indonesia business and rethinking the rest of Southeast Asia

Foodpanda, the food delivery startup backed by Rocket Internet, is selling its operations in Indonesia and evaluating its presence in the rest of Southeast Asia as part of a push towards profitability. Multiple sources close to the company told TechCrunch that its business in Indonesia, the world’s fifth most populous country, is available to potential acquirers for less than $1 million — and an all-cash deal isn’t even a …

Looking beyond the hype at FinTech in Southeast Asia

From the offices of venture capital firms to the financial services districts, it’s hard to escape the siren’s song of FinTech start-ups. Take a structural shift to mobile, an ever decreasing cost of computing power, the availability of lots of (big!) data, mix in one part artificial intelligence, one part distributed ledgers and we have the perfect recipe for how technology will change the face of …

Uber focuses on services as it begins to see profits in Southeast Asia

Uber has abandoned its ‘land grab’ approach to Southeast Asia and instead switched its focus to new products and services as it begins to see profitability in key markets in the region. A source at the U.S. company told TechCrunch that its operations are now profitable in Singapore and the Philippines, two of its largest markets for numbers of rides and revenue, with others close behind. …