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Riiid , a South Korea-headquartered AI-powered edtech company, acquired its Japanese distribution partner Langoo to expand its Japan footprint. . Langoo, Riiid’s partner in Japan, offers Riiid Tutor, formerly known as Santa, a test prep app for the English-language proficiency test TOEIC in the region. Riiid claims that more than 2.5
Breaking into Japan is often one of the biggest challenges a growing tech company will encounter. For the startups that cater to these companies, “cracking Japan” is inevitably part of their growth and expansion roadmaps. Japan is not a testing ground for MVP products. Share on Twitter. Barnabas Birmacher is the CEO of Bitrise.
Danggeun Market, the publisher of South Korea’s hyperlocal community app Karrot, announced it has raised $162 million in a Series D round of funding with a valuation of $2.7 The latest funding officially makes Danggeun Market a unicorn, with $205 million total raised. Canada and Japan. “We
Unlike the Xbox One, the Xbox Series X will launch in Japan at the same time as other major markets, meaning it’ll see release this November. The Xbox One came out in November 2013 in 13 countries, but Japan had to wait until September 2014 along with several other regions, despite its outsized importance to the games industry.
The e-commerce market of South Korea is expected to increase up to $250 billion by 2025. Una says that South Korea, the fifth-largest e-commerce market globally, is considered a key market for Una Brands. . company Thrasio also set up an office in Japan in 2021 to expand its presence in Asia.
Back in 2021, the Japanese government said it would make it a top priority to reboot the local semiconductor industry, which was once a dominant force on the global market. Despite hosting more chip factories than an other country, Japan has fallen behind when it comes to mass-producing chips on. Read Entire Article
Monday.com recently marked a 76% year-over-year growth in the number of its employees in Australia, prompting the company to open its own space, said its vice president of Asia-Pacific and Japan Dean Swan. It also has local channel partners like Work Perfect and Upstream. and Sony Biz Networks Corporation.
The key investors to keep tabs on are, for the most part, concentrated in four primary markets: China. Of course, to land any funding, you typically have to be based there and focused on the Chinese market. The players in Japan have had their ups and downs. As an example, just look at KakaoTalk relative to WeChat.
My first post in this series described how businesses should start when considering expansion into Asia, which is home to some of the largest and fastest growing markets in the world. For example, should they hire in-market consultants, an expatriate based in a hub city, or partner with a local player?
We plan to use the new funding to double down on expanding our footprint in key markets, including Taiwan, Japan, Hong Kong, Korea and Asia,” founder and CEO Ming Chen told TechCrunch. “In During the pandemic, KKday’s main growth driver was domestic travel in markets like Japan, Hong Kong, Korea, Taiwan and Southeast Asia.
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. Lai said its localization effort isn’t just focused on supporting multiple languages.
The businesses that the accelerator favor all aim to go beyond Korea’s traditionally inward focus, and move into lucrative markets including the US, China, Japan, and others. Selling premium organic breads from local bakeries via an online platform is what this startup does. Zoyi (Marketing). HeyBread (E-commerce).
Asia has proven to be an instrumental market for businesses to break into, and as the CEO of a successful Singapore-based startup, I get asked a lot of questions from fellow CEOs and entrepreneurs about doing business here and how to grow their companies across Asia. Prioritize the markets. This will force a ranking of the markets.
The South Korea 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.
Beam, which currently operates e-scooters and e-bikes in 35 cities across Malaysia, Thailand, South Korea, Australia and New Zealand, aims to spread into markets like Japan, Indonesia, the Philippines, Vietnam and Turkey. . Advanced rider assistance systems: Tech spawned by the politics of micromobility.
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.
The final piece of my four-part guide to expanding a business into Asia is tailored more towards local startups and a big issue that affects many of them: raising funding from investors. If your business is based in Asia, despite a potentially tougher hill to climb, you’re still much more likely to be successful raising funds locally.
Japan owner Z Holdings last month, and now the two firm’s venture capital arms have also combined. The new firm also announced the launch of a 30 billion JPY (about $271 million USD) fund, which it claims makes it one of the largest corporate venture capital funds in Japan. startups into Japan.
Glorang , a Seoul-based edtech startup that offers after-school classes and extracurricular activities via online for students between the ages of 3 and 18, said Friday it has raised a $10 million Series A funding co-led by Korea Investment Partners and Murex Partners, along with Japan’s Pksha Capital. . billion in 2027 , from $17.6
We operate in an extremely competitive and well-funded industry, and this round allows us to have a long-term mindset when it comes to doubling down on our different markets,” says co-founder and CEO Miki Kuusi in a statement. We simply had no other choice than to do it this way was we came from such a difficult home market”.
Shared micromobility company Luup has raised $8 million (1 billion yen) in debt and asset financing to meet the growing demands of Japan’s micromobility market, which according to a recent report , is projected to reach $11.6 Securing those spaces represents a unique kind of land grab for micromobility companies in Japan.
SmartRyde , a Japanese online pre-booked airport transfers service platform, is a marketplace that connects travelers to local transportation operators/online travel agencies (OTAs). Honolulu, Las Vegas, Miami) and Japan, Kimura said. Since the pandemic outbreak in March 2020, SmartRyde has experienced a significant decrease.
Mental health startup Intellect ’s ambitious goal is to be available across the Asia-Pacific, but ensure localized, culturally-competent care in each of the many markets it serves. For example, Singapore, Hong Kong, Japan, Australia and New Zealand are all core markets. Intellect’s platform has two components.
Some of the big players in the market today include Indeed.com — owned Japan’s HR giant Recruit Holdings, which itself is valued at around $66 billion and owns other brands like SimplyHired — ZipRecruiter, which went public last year; LinkedIn; and the search giant Google. It paid $1.3
Akros Technologies wants to disrupt the current asset management industry via its AI-driven asset management software platform that mines market data for stocks. million from Z Venture Capital , the corporate venture capital wholly owned by Z Holdings , which also owns the Japanese messaging app Line and internet portal Yahoo Japan.
Tailor , a Japan-based back-end enterprise resource planning (ERP) platform, said today it has raised $4.3 Legacy ERPs provided by companies such as SAP, Oracle and NetSuite (which is owned by Oracle) and local players like OBIC , are difficult to customize for users, according to Shibata. market, aiming for 2023.
Paytm has raised $1.104 billion in India’s largest-ever anchor round as part of its initial public offering, which is also shaping up to be the nation’s largest, as the poster child of the Indian startup ecosystem moves closer to listing in the public markets. to $28.85). In Q2, the startup’s losses surged to $50.9
Its customer base started in Southeast Asia, before expanding into China, Japan, the United States and Europe. Its customer base started in Southeast Asia and India, and expanded to China, Japan, the United States and Europe. Its funding will be used to expand into more markets and fill engineering and data science roles.
Local specifics of regulatory regimes are not core to Sardine’s business, because its platform is focused on fraud detection, not law enforcement. The startup has clients all over the globe and has helped companies in countries including Japan and Russia expand into the United States, Ranjan said.
Despite dealing with the pandemic’s impact in all of its markets, including Hong Kong and Malaysia, the company began to see business improve during the second quarter of this year. Taiwan startup FunNow gets $5M Series A to help locals in Asian cities find last-minute things to do. He added that COVID has changed consumer habits.
Tencent has raised its stake in Japan’s Kadokawa by 1.11%, increasing its holding to 7.97%, Japanese media outlet Nikkei reported on Monday. This makes Tencent Kadokawas second-largest shareholder after Sony which holds 10%.
Others include developing its proprietary technology stack and growing its three models — where it makes $5 million in MRR — across existing and new markets, it said in a statement. SWVL is present in 13 markets globally: the UAE, Egypt, Kenya, Germany, Spain, Italy, Switzerland, Turkey, Japan, Argentina, Saudi Arabia, Jordan and Pakistan.
Many people in emerging markets depend on informal public transport to move across cities. million Series A extension to continue its expansion across emerging markets; the company already has a presence in South Africa and Mexico. Japan’s SBI Investment also participated in the round. Today, i t is announcing a $14.5
Zhou had to drive two hours to purchase his favorite Asian products at the nearest local Asian market. valuing the Asian American consumer market at $1.2 China, and Japan. When Alex Zhou, founder and CEO of Yami, moved to the Midwest for college in 2007, he had limited access to Asian groceries and products.
DingTalk will establish a dedicated service team in Hong Kong to better address local customer needs and develop a localized ecosystem, the company said last Thursday. It faces competition from rivals like ByteDances Lark, which is targeting overseas markets such as Japan and Southeast Asia. IThome, in Chinese ]
While still small at 5%, Chinas share of the global memory chip market is growing, and market leaders SK Hynix, Samsung, and Micron should be worried. There are fewer design barriers, unique features, or proprietary breakthroughs required, and as such it is a highly price volatile market.
Precisely how long the public-market damage will take to leak back into earlier startup rounds is not clear, but that the climate has changed, well, is. How our SaaS startup broke into the Japanese market without a physical presence. How our SaaS startup broke into the Japanese market without a physical presence. Startups/VC.
Level Infinite, the overseas gaming distribution arm of Tencent Games, announced on Thursday that it has launched a global version of its hit mobile game Honor of Kings in a swathe of new international markets including Japan, South Korea, North America, and Europe. billion ($1.88 billion ($4.77
I talked with CEO and co-founder Richie Serna all about it, and why he thinks what Finix has built is different from what legacy players and Stripe have on the market. clients “have some sort of global operations.” “Now, if you use Brex, you can actually operate as if you were a local company with a local card.”
” Lansdowne Partners and The University of Tokyo Edge Capital Partners (UTEC) a deep tech fund out of Japan, are co-leading the round, with British Patient Capital, Oxford Science Enterprises (OSE) and Oxford Investment Consultants (OIC) also participating. “Our vision is seamless quantum access.”
Teenage users of the Facebook app in the US had declined by 13 percent since 2019 and were projected to drop 45 percent over the next two years, driving an overall decline in daily users in the company’s most lucrative ad market. Young adults between the ages of 20 and 30 were expected to decline by 4 percent during the same timeframe.
The company announced on Thursday that it will operate three retail locations in Hong Kong, including a clubhouse-style flagship store, as well as one smaller shop in Macau in the first half of next year, in partnership with local dealership Kam Lung Motor Group. TechNode reporting, Bloomberg ]
When the earthquake hit Japan in March, nonprofits of all sizes, budgets, and national reputations put up Fundraising Projects on Causes. But thinking of social media as solely a direct marketing channel limits our understanding of what's possible through this medium. Direct Marketing Reach. Direct Marketing Reach.
South Asia, for instance, has the lowest average remittance costs across all regions at 4.95% (these percentages are reported on a standard $200 transfer); therefore, it makes sense to tap into the opportunities the market presents. The company claims to be growing at 396% year-on-year since 2019 and has hopes to continue in that fashion.
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