State attorneys general to launch antitrust investigation into big tech companies, reports say

The state attorneys in more than a dozen states are preparing to begin an antitrust investigation of the tech giants, the Wall Street Journal and the New York Times reported Monday, putting the spotlight on an industry that is already facing federal scrutiny. The bipartisan group of attorneys from as many as 20 states is expected to formally […]

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Baidu beats estimates on strong video streaming growth

Chinese search giant Baidu on Monday posted a revenue of 26.33 billion yuan ($3.73 billion) for the quarter that ended in June, beating analysts’ estimates of 25.77 billion yuan ($3.65 billion) as its video streaming service iQIYI continues to see strong growth. The 19-year-old firm’s shares were up over 9% in extended trading. The company, which […]

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RedDoorz raises $70M to expand its budget hotel network in Southeast Asia

Singapore-based budget hotel booking startup RedDoorz is tiny in comparison to fast-growing giant Oyo. But it is holding its ground and winning the trust of an ever growing number of investors. On Monday, the four-year-old startup announced it has raised $70 million in Series C financing round, less than five months after it closed its […]

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YC-backed Lokal wants to bring local news, classifieds to 900 million Indians in their regional languages

Each month millions of Indians are coming online for the first time, making India the last great growth market for internet companies worldwide. But winning them presents its own challenges. These users, most of whom live in small cities and villages in India, can’t speak English. Their interests and needs are different from those of […]

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Twitter leads $100M round in top Indian regional social media platform ShareChat

Is there room for another social media platform? ShareChat, a four-year-old social network in India that serves tens of million of people in regional languages, just answered that question with a $100 million financing round led by global giant Twitter . Other than Twitter, TrustBridge Partners, and existing investors Shunwei Capital, Lightspeed Venture Partners, SAIF […]

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Oyo to invest $335M in vacation rental business in Europe push

Indian budget hotel booking startup Oyo will invest 300 million euros ($335 million) in its vacation home rental business, it said Wednesday, as it looks to expand its footprint in Europe and possibly closely compete with global giant Airbnb, one of its investors. The Gurgaon-based startup, which acquired Amsterdam-based holiday rental company Leisure in May […]

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Xiaomi tops Indian smartphone market for eighth straight quarter

Xiaomi has now been the top smartphone maker in India for eight straight quarters, becoming a constant headache for Samsung in the key overseas market that continues to show strong appetite for handsets as their shipment slows, or drops pretty much everywhere else in the world. The Chinese electronics giant shipped 10.4 million handsets in […]

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India’s Reliance Jio inks deal with Microsoft to expand Office 365, Azure to more businesses; unveils broadband, blockchain, and IoT platforms

India’s Reliance Jio, which has disrupted the telecom and features phone businesses in India in less than three years of existence, is now ready to aggressively foray into many more businesses with the help of global giants including Microsoft. The subsidiary of India’s largest industrial house Reliance Industries today announced that it will commercially launch […]

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India’s Meesho raises $125M to expand its social commerce business

Meesho, a Bangalore-based social commerce startup, has raised $125 million to expand its business in the country and change the way millions shop online. The Series D round was led by Naspers, and existing investors SAIF, Sequoia, Shunwei Capital, RPS and Venture Highway participating as well. Facebook also participated in the round, so did Arun Sarin, former […]

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Telegram introduces a feature to prevent users from texting too often in a group

Telegram, a popular instant messaging app, has introduced a new feature to give group admins on the app better control over how members engage, the latest in a series of interesting features it has rolled out in recent months to expand its appeal. The feature, dubbed Slow Mode, allows a group administrator to dictate how […]

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