Grab, the Uber rival in Southeast Asia, is now officially also a digital payments company

Grab is best known for rivaling Uber in Southeast Asia, but today the company took a major step into becoming a fintech player, too. That’s because the ride-sharing firm, which recently raised $2 billion from SoftBank and China’s Didi Chuxing, rolled out support for its GrabPay service among third-party merchants for the first time today. … Read more Grab, the Uber rival in Southeast Asia, is now officially also a digital payments company

Brazil softens ride-hailing bill after talks with Uber

Khosrowshahi flew to Brazil to negotiate with authorities amidst demonstrations for (by taxi drivers) and against (by Uber drivers) the proposed legislation. While the amended bill still needs final approval from the lower house, the new CEO was able to convince lawmakers that as it was, the legislation would make it hard for Uber’s 500,000 … Read more Brazil softens ride-hailing bill after talks with Uber

The College Kids Doing What Twitter Won’t

Two days before real-life troll Milo Yiannopoulos would descend on UC Berkeley’s campus in September, Ash Bhat and Rohan Phadte were sizing up a railing partisan on Twitter from their college apartment. Hovering over his laptop, Bhat explained why he suspected @PatriotJen was actually a bot, maybe even one controlled from Russia. He pointed to … Read more The College Kids Doing What Twitter Won’t

China’s JD.com leads $19M investment in Southeast Asian online fashion brand Pomelo

This year has seen unprecedented interest in Southeast Asia’s startups from Chinese tech firms, and today we can add another deal to the pile. JD.com, the close rival to Alibaba, has led a $19 million investment in Bangkok-headquartered online fashion brand Pomelo. The deal, which is the largest Series B for a Thai startup to … Read more China’s JD.com leads $19M investment in Southeast Asian online fashion brand Pomelo