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Singapore-based cryptocurrency platform Crypto.com has acquired two startups in SouthKorea — payment service provider PnLink and virtual asset provider OK-BIT — for an undisclosed amount, Crypto.com said. .
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. Selling premium organic breads from local bakeries via an online platform is what this startup does. Zoyi (Marketing).
The most read story this week is on a Pew study that suggests this generation of teens has largely abandoned the platform in favor of Instagram/YouTube/TikTok/etc.; whereas in 2014 around 71% of teens used Facebook, the study says in 2022 that number has dropped down to 32%. other stuff. million investors losing $5 billion collectively.”
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. The ruling comes on the same day as the so-called “anti-Google law” goes into force in SouthKorea. Google has been fined 207.4
Gbike , a SouthKorea-based micromobility Gcooter operator, is acquiring Hyundai Motor’s shared micromobility sharing platform ZET as it wants to increase its market share and create technological synergies via ZET’s fleet management system. . The financial terms of the deal were not disclosed. .
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.
SouthKorea-based human resources management platform flex announced today it has closed a $32 million Series B round at a valuation of $298 million. However, flex plans to expand the addressable market by targeting new industries in the SMB space this year. The startup has primarily been serving SMBs in the IT sector.
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.
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. “The pandemic and maturing e-commerce platforms inspired the creation of 10,000 new independent brands per month in Korea,” said Joo.
Chinese e-commerce giant PDD’s cross-border platform Temu is reportedly preparing to enter the South Korean market, according to Yonhap News Agency. Temu has been hiring South Korean employees for key roles in human resources, general affairs, marketing, and logistics since late last year, according to the report.
Most merchants in SouthKorea keep track of their international shipping logistics via email until their cargo safely gets to its destination. Portlogics, which now has 19 employees (six in R&D), will use the new capital to further develop its platform, including by hiring additional employees. billion in 2030 , up from $2.92
Fount , a robo-advisor startup in SouthKorea, has raised a $33.4 million Series C round to beef up its machine learning-based platform development and hire staff. . Returning backers Smilegate Investment, KT Investment, Shinhan Capital and Korea Development Bank also participated. of millennials. . of millennials. .
If you follow #beautytok, #beautytube or any beauty content on social media platforms, you know that popular product trends are hard to keep up with. It operates in the United States, SouthKorea, Singapore, the Philippines and Indonesia. Many times, creators seek us out because of our reach and resources,” she said. “We
Founded in 2010, Coupang is sometimes described as the Amazon of SouthKorea, but for years it has managed the impressive feat of achieving an even higher dollar retention rate than Amazon, according to a report by Goodwater Capital. In 2020, it increased its market share to 24.6%, up from 18.1% Coupang market share.
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 global market of conversational commerce, also known as chat commerce or conversational marketing, is expected to increase to $290 billion by 2025, up from $41 billion in 2021, representing a 590% rise for the next four years, according to a report by Juniper Research. Image Credits: Zeals. Shimizu added.
Its video review marketing tool is called VREVIEW , and it works by sending a chatbot to a merchant’s customers to collect their video reviews and product ratings. million and it will be used to continue developing its video platform. market in the second quarter of this year to attract more users overseas.
SouthKorea-based peer-to-peer (P2P) lending platform PeopleFund announced today it has closed a $63.4 “Our mission is to grow into the #1 player in the Korean non-bank lending market to provide better loan options for average Koreans that the banks underserve.” million (75.9
SouthKorea’s Samsung Venture Investment (SVIC) also participated, in addition to existing investors YL Ventures, Fontinalis Partners, Liberty Mutual, Presidio Ventures, Glenrock, Paladin Group and Asgen. . ” Karamba Security’s XGuard.
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
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
TaniHub is its B2B e-commerce platform, which connects farmers directly to customers. Finally, TaniFund is a fintech platform that provides loans to farmers they can use while growing crops and pay off by selling through TaniHub. It does this through three units: TaniHub, TaniSupply and TaniFund.
To solve the problems of traditional electronic media, a startup in Boston, Catalog , was founded in 2016 by MIT scientists including co-founder and CEO Hyunjun Park, developing an energy efficient, cost competitive, and more secure data storage and computation platform by using synthetic DNA.
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.
QuotaBook , a Seoul-based equity management platform, has raised $11 million in funding led by Elefund, with participation from Access Ventures, Hana Securities and South Korean fintech company Viva Republica. Some of its previous backers, including Draper Associates and Capstone Partners, joined the round. Image Credits: QuotaBook.
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. Post by Alma Causey.
The SouthKorea-headquartered startup, which has 84 employees, will also use the proceeds to double its headcount worldwide by the end of this year, CEO of Morai Jiwon Jung told TechCrunch. It brings its total funding raised to date to $24.9 million (30 billion KRW). The startup posted $1.7
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 The startup appears to be growing rapidly, with 10 million users visiting the platform each month across the app and website, the company says.
Following its 2023 unveiling of two of the largest quantum computers ever made, IBM expanded and upgraded its cloud quantum service and its open-source Qiskit quantum software platform in 2024. In August, the company announced a partnership with SK Telecom to expand cloud services in SouthKorea. billion, a 33.9%
Seadronix will use the capital to grow its team beyond the current headcount of 30 employees and enter global markets, 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.
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.
Beam, which currently operates e-scooters and e-bikes in 35 cities across Malaysia, Thailand, SouthKorea, 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.
A startup called Peeba has built a B2B wholesale online platform that connects independent retailers across Asia with unique brands around the world. The Hong Kong-headquartered company wants to help Asia-based B2B retailers reduce inventory risk and offer higher operational efficiency with lower costs via its platform. .
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 said today it has closed a $37 million (49.5
It will also use the funding to continue its expansion in overseas markets, including Vietnam, where Toss launched last year. Payment service Toss becomes Korea’s newest unicorn after raising $80M. Toss now claims a total of 20 million users (or more than a third of SouthKorea’s 51.7 million users.
According to a recent survey of 16,000 Snapchat users in 16 markets, 92% of Gen Zers want to use AR and VR for online shopping. The company currently offers its service to more than 22 small and medium companies in SouthKorea, and is in discussion with potential customers in the fashion, toy and food sectors, Ban said.
Earlier this month, Neubility said it would co-develop AI-powered “cop robots” with Korean telco SK Telecom and SK Shieldus, a platform that offers central monitoring, cybersecurity consulting, and dispatch services. billion market by 2028, up from a mere $0.4 Most of its customers are in B2B. Delivery robots will be a $1.8
Urbanbase , a Seoul-based company that develops a 3D spatial data platform for interior planning and design, announced today it has raised $11.1 This round of funding was led by Hanwha Hotel & Resort, which is a subsidiary of South Korean conglomerate Hanwha Corporation. Existing investors did not join this round.
Today, BYD is running neck and neck with Tesla for the top spot among global EV makers and it is the undisputed champion of the plug-in hybrid sector, with 40% of that market. The year also saw the companys rapid expansion across Asia and into Mexico, South America, Europe, and Australia. Last year, BYD delivered more than 3.8
In SouthKorea, P2P lending marketplaces must pass yearly requirements to get a license from Financial Services Commission (FSC) to run their business. Meanwhile, the Korean consumer lending market has undergone a dramatic transition into the mobile sphere, with big players like KakaoPay and Toss leading the change.
and SouthKorea around 2023. SouthKorea’s largest travel tech startup was founded by former motel manager SuJin Lee , CEO and founder of Yanolja, in 2005. SouthKorea’s largest travel tech startup was founded by former motel manager SuJin Lee , CEO and founder of Yanolja, in 2005.
Alibaba is planning to invest over $1 billion in SouthKorea in the next three years according to the countrys news outlet Yonhap, in a quest to tap market potential. Yonhap, in Chinese ]
Creative professionals continue to look for ways to monetize their talents and knowledge through online education platforms like CLASS101 that bring stable incomes and improve opportunities. CLASS101, a Seoul-based online education platform, announced today it has closed $25.8 CLASS101 launched its platform in the U.S.
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