Tag: Asia
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Didi Chuxing, or “Honk Honk Taxi”, was one of the greatest success stories of Chinese tech. Founded in 2012, it broke out just months later by providing rides during a heavy Beijing snowstorm. A regular taxi was impossible to get, but Didi came through. After that, the company was on…
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The Chinese Communist Party has launched a severe crackdown on the technology industry: Didi Chuxing, the Chinese equivalent of Uber, had its app removed from all Chinese app stores shortly after its US IPO ByteDance, parent company of TikTok, shelved its IPO plans under regulatory pressure. Its CEO has resigned.…
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+ Angel Investing, Asia, CCP, China, Communism, Investing, Startup, Startups, Tech, Venture Capital, Xi Jinping+
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The Indian tech industry is growing at an incredible pace: Indian startups have raised a record $10.46 billion in the first half of 2021, up from $4 billion during the same period last year Salaries are also increasing rapidly, from an average of $40,000 to $70,000, and even $150,000 for…
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It’s not just about the Bay Area anymore. Indian startups have raised venture funding at a record pace this year, on track to double from 2020: Startups raised total investments of $7.8 billion in the first four months of this calendar year, which is almost 70% of the overall corpus…
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+ Angel, Angel Investing, Angel Investor, Asia, India, Investing, Software, Startup, Startups, Technology, VC, Venture Capital+
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North Korean defector and Youtuber Yeonmi Park is reporting a massive uprising in Musan, North Korea. The uprising began when police cracked down on a market selling Chinese products, which is illegal in North Korea despite them being the only goods available. Farmers took their farm implements and attacked the…
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Stock mania has gripped the US throughout the year. And now it’s spreading to Asia, where trading volumes are rising far faster than even in the US: The value of stock trades matched on exchanges, in what is known as electronic order-book trading, gives a sense of the trend. Such…
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Last night, my wife and I watched the newest episode of the adorable Japanese video series Pui Pui Molcar. I’ve mentioned this series before here, and this week’s video was their best yet! The video is below. If you’re stressed, take a couple minutes and enjoy! If you found this…
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I just read a disturbing report from The Economic Times (essentially the Wall Street Journal of India). It says that China has offered its COVID vaccines to countries in Southeast Asia, but only if they support China in the WHO. There is a similar report from Nikkei Asia (basically the…
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Tremendous 