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Expanding to a new country can lead to a larger client base, a foothold in another market, more media exposure, and more investors. Many global companies choose The United States first, but it’s also important to look outside of Silicon Valley. So when your later stage startup is ready to expand, where should you go?
Expanding to a new country can lead to a larger client base, a foothold in another market, more media exposure, and more investors. Many global companies choose The United States first, but it’s also important to look outside of Silicon Valley. So when your later stage startup is ready to expand, where should you go?
BYD will launch its compact electric crossover, the Atto 3, in SouthKorea on Jan. 15, marking its entry into a major Asian market and the start of competition with Hyundai on its home turf, Korea JoongAng Daily reported. increase in annual global sales to 4.24 Korea JoongAng Daily , Reuters ]
SparkLabs , an accelerator program in SouthKorea that is bringing a Silicon Valley-like approach to the Asian country’s startup ecosystem, showcased its second batch of startups to investors at Demo Day today. Zoyi (Marketing). Asia Entrepreneur News Roundups SouthKorea startups' Lateral (Search).
Una Brands , a Singapore-based e-commerce aggregator, has partnered with South Korean peer KlickBrands to expand its footprint in SouthKorea. . The strategic partnership will help South Korean e-commerce brands grow domestically and make inroads into more countries in Asia.
billion won (around $177 million) in SouthKorea for abusing its dominant market position to stop device manufacturers from using modified versions of Android, Bloomberg reports. Android is currently the world’s most popular mobile operating system, and is installed on over 80 percent of smartphones globally.
Chinese electric vehicle maker Zeekr is looking to enter SouthKorea by 2026, with plans to open showrooms in Seoul and the nearby province of Gyeonggi by next year, parent company Geely said last week in response to questions from Bloomberg. Bloomberg , TechNode reporting ]
Socar , SouthKorea’s largest car-sharing startup, tumbled in its Seoul stock market debut Monday even after pricing shares below the bottom end of a marketed range. Socar’s debut comes amid a sluggish period in the IPO market in SouthKorea that has prompted a series of Korean companies to delay their listing plans.
Most merchants in SouthKorea keep track of their international shipping logistics via email until their cargo safely gets to its destination. million (2 billion won) in pre-Series A funding from investors, including K2G Fund and strategic investor GS Global , which Korean conglomerate GS Holdings owns.
SmartThings Find previously launched as a trial in the US, UK, and SouthKorea last month , but Samsung says the feature is now “ready for a global launch” (while also noting that access “may vary by market and carrier”).
According to eMarketer , Japan and Korea’s e-commerce markets were estimated at $144 billion and $121 billion, respectively, in 2021. Despite the large e-commerce market size, both countries have fewer e-commerce aggregators than other countries with smaller markets, South Korean e-commerce aggregator New Vessel said.
Launched in SouthKorea five years ago, content discovery platform Dable now serves a total of six markets in Asia. Now it plans to speed up the pace of its expansion, with six new markets in the region planned for this year, before entering European countries and the United States.
South Korean AI chip developer Rebellions has raised a $22.8 million (30 billion KRW) extension to its Series A financing from a strategic investor KT , one of the largest telecom companies in SouthKorea. . The global AI chip market is projected to reach $194.9 billion by 2030, up from $8.02
million US) by March 2027 to increase its global semiconductor materials production capacity. Nikkei reports that the company intends to expand its operations in key markets, including the United States, Japan, and SouthKorea, where major chipmakers. Read Entire Article
Demand for contactless payments and e-commerce has grown in SouthKorea during the COVID-19 pandemic. This is good news for payment service operators, but the market is very fragmented, so adding payment options is a time-consuming process for many merchants.
The real estate market in SouthKorea is very fragmented, which means people often have to work with dozens of brokers before they find a new home. The startup’s other investors include Goodwater Capital, Maple VC and strategic angel investors in SouthKorea and the United States. Dongnae raises $4.1
Indeed, 900,000 farmers currently use the app in SouthKorea, and that figure has tripled in the past 12 months since its launch in 2021, Shin said. It also operates B2B marketplace Sinsun Market, and it has the ambition to be a LinkedIn for farmers, Shin added. Its global peers include Dehaart and Farmers Business Network.
BYD is aiming to establish an electric vehicle battery plant in SouthKorea, with local manufacturer KG Mobilitys assistance, to commence volume production by January 2025, as reported by Reuters on Wednesday. Notably, BYD holds the second-largest market share in global battery supply, trailing only CATL, with a 15.7%
Viva Republica, an operator of South Korean finance super app Toss , has finalized a $405 million Series G funding and it says it is now valued at 9.1 SouthKorea’s currency has depreciated against the dollar this year.). SouthKorea’s BNPL Gross Merchandise Value (GMV) is projected to grow by about $36.6
Seadronix will use the capital to grow its team beyond the current headcount of 30 employees and enter globalmarkets, including Singapore and Europe, where its “smart ports” are located, Byeolteo Park, CEO and co-founder, said in an interview with TechCrunch. Image Credits: Seadronix.
million (25 billion KRW) in a Series B funding round as it wants to increase its global presence, specifically into the U.S., The fresh capital was led by Korea Investment Partners along with KB Investment and Korea Development Bank. Germany, Japan and Singapore. . It brings its total funding raised to date to $24.9
The SouthKorea and Japan-based startup automates front and backend processes including accommodation reservation, room management and front desk duties, and it will be using the funds to continue expanding its business. It entered Japan in 2017, for example, by acquiring several Japanese hospitality management companies.
In addition, participating startups get co-working space, will attend weekly classes and have access to four to six mentors who have expertise in various industries, not just in SouthKorea but global regions. . SparkLabs began in Korea to find and help local Korean startups in their seed stage and help them go global.
Founder and chief executive officer of Swing San Kim told TechCrunch that the startup will use the proceeds to increase its fleet of micromobility and further penetrate the Japanese market. Swing aims to take the market. No one doubted the market potential. Swing currently has more than 50 franchise partners, Kim said. . “No
SouthKorea-based peer-to-peer (P2P) lending platform PeopleFund announced today it has closed a $63.4 Returning investors in the round include CLSA Lending Ark Asia and 500 Global. PeopleFund targets the traditional personal credit loans market in SouthKorea, which is estimated at around $67 billion, according to the company.
Founded in Singapore and based in Los Angeles and SouthKorea, Summer International announced today it has raised a $5 million seed round from investors including GDP Ventures, Teja Ventures, Gushcloud International and Singaporean angel investors Koh Boon Hwee and Shirley Crystal Tan.
As the boom of the e-commerce aggregator trend continues in Asia, SouthKorea, the fifth-largest e-commerce market in the world, is rolling up. ” SouthKorea’s fintech and e-commerce platform maturity has driven the growth of independent brands, Joo told TechCrunch.
SouthKorea-based human resources management platform flex announced today it has closed a $32 million Series B round at a valuation of $298 million. The latest funding, which brings its total raised to $42 million, was led by Greenoaks , with participation from DST Global Partners. .
W ith the onset of the coronavirus pandemic, nonprofits and social enterprises have had to rethink their marketing strategies. In this post, we will share some principles that you can incorporate into your social media marketing strategy to keep your user base intact. Social media marketing during COVID-19. Go global.
The commercial real estate brokerage market in SouthKorea is fragmented, which makes finding a new office for tenants a challenge due to inaccurate listing information, high brokerage fee and complex paperwork. Rsquare has handled more than 10,000 office brokerage transactions with over 21,000 clients in SouthKorea.
And in October, the company opened its first global quantum data center outside the U.S., In August, the company announced a partnership with SK Telecom to expand cloud services in SouthKorea. The edge AI hardware market is projected to grow from $24.2 in Ehningen, Germany. billion in 2024 to $54.7
The fresh capital, which brings its total funding raised to $135 million, was led by Affirma Capital, with participation from Sequoia Capital India, Hana Ventures, ICT Capital, EDB Investment (EDBI), AC Ventures, RTP Global and Momentum Venture Capital. Advanced rider assistance systems: Tech spawned by the politics of micromobility.
Mycel is in talks with global cosmetic brands to co-develop the mycelium-based leather products as well as cosmetics ingredients, Sah said, adding that it aims to commercialize its mushroom leather in 2023. Its pre-money valuation is approximately $40 million (50 billion WON), according to Sah. billion by 2026. billion by 2026.
With the home now a place for work, school and leisure all at once, the DIY home improvement market has grown so significantly that globally, it’s expected to reach $514.9 Bucketplace also claims that OHouse has been downloaded more than 20 million times in SouthKorea. billion by 2028-end , up from $333.7
Peeba says the lack of B2B-focused online wholesale solutions and tech infrastructure hampered Asia’s antiquated B2B retail, wholesale market in business growth and new market entries during the pandemic. Peeba is bringing about the next stage of global retail innovation. Wholesale marketplace Abound raises $22.9M.
The Series B round was led by Accel, Citius and Tiger Global, with participation from existing investors AC Ventures, Global Founders Capital, Lightspeed and Sequoia Capital India. by 2022, compared to China’s 6% and SouthKorea’s 34% in 2020. The company declined to disclose its post-money valuation.
Further confirmation that the esports market is booming amid the pandemic comes today with the news that esports “total solutions provider” VSPN (Versus Programming Network) has raised what it describes as “close to” $100 million in a Series B funding round, led by Tencent Holdings. SPACE in Seoul, SouthKorea.
Fount , a robo-advisor startup in SouthKorea, has raised a $33.4 Returning backers Smilegate Investment, KT Investment, Shinhan Capital and Korea Development Bank also participated. As per its press release, its core market is people aged 20-49, including about 66.8% year on year, based on a local media report.
Mom-and-pop stores and franchises — mostly offline — account for about 95% of the laundry market in SouthKorea, according to Laundrygo CEO Sung-woo Cho. But his SouthKorea–headquartered startup aims to digitize the laundry industry in the country. Laundrygo also has plans to expand geographically.
The SouthKorea-based company says its batteries’ advantages over lithium ion include less risk of ignition and the ease of sourcing vanadium. Standard Energy is expected to create new standards for the global ESS market through its innovative material and design technology with massive manufacturing capabilities.”.
Global venture capital firms are pouring money into the semiconductor startups developing the next generation of chips. Rebellions is in talks with potential customers to get its first AI Chip, called ION, into the market. The AI chip market is projected to be worth over $83.2 by the end of this year, Park continued. .
million in 2017 and its first Series B round in April 2020, from backers that included SouthKorea-based Shinsegae Information & Communication, Woomi Construction, SL Investment, KDB Capital, Shinhan Capital, Enlight Ventures, CKD Venture Capital, and Breeze Investment, Ha said. Existing investors did not join this round.
In 2022, Chinese domestically developed video games generated a total sales revenue of $17.346 billion in overseas markets, according to a September 20 report by Jiemian, citing data from a state-run research institution. Jiemian, in Chinese ]
The company was launched in Hangzhou, China, before moving to it current headquarters to Singapore, and about 70% of its users are in mainland China, followed by markets including SouthKorea, the United States and Southeast Asia. We believe that imToken is riding this trend, and has strongly positioned itself in the market.”.
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