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Apple is offering interest-free financing to boost iPhone sales in China – TechCrunch

Apple is looking to get over its sales woes in China by offering prospective customers interest-free financing with a little help from Alibaba. Apple’s China website now offers financing packages for iPhones that include zero…

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Uber is reportedly close to making a tactical exit from India’s food delivery industry – TechCrunch

Uber has said adamantly that it won’t exit India (or any more markets) following a hattrick of retreats from China, Russia and Southeast Asia, but does that include its food delivery business? The answer could…


Alibaba hits the gas on mobility as its bike-sharing service adds carpooling – TechCrunch

Carpooling is heralded to be environmentally friendly and money-saving, but in smog-stricken China, the transportation option became a source of public concerns after two female passengers got murdered during their lifts with Didi Chuxing drivers….


Alibaba takes an 8% stake in Tencent-backed anime streaming site Bilibili – TechCrunch

Ecommerce giant Alibaba is continuing its push into the world of youth culture after it scooped up an 8 percent stake in anime streaming and game publishing company Bilibili. According to a securities filing on Thursday, Alibaba’s…


China’s Didi reportedly lost a staggering $1.6 billion in 2018 – TechCrunch

China’s largest car-hailing company is facing relentless pressure from all fronts. Beijing-based Didi Chuxing reportedly lost a staggering 10.9 billion yuan ($1.6 billion) in 2018, according to financial data that Chinese news site 36Kr obtained. For…



China’s Alipay digital wallet is entering 7,000 Walgreens stores – TechCrunch

China’s payments heavyweights have been following tourists abroad as their home market gets crowded. Ant Financial, Alibaba’s financial affiliate with a said valuation of $100 billion, now sees its virtual wallet Alipay handling transactions at 3,000…


PayPal shutters Malaysia office as part of customer service reorg – TechCrunch

Payment giant PayPal has closed its office in Malaysia as part of a restructuring of its customer support teams. The office, located in capital city Kuala Lumpur, was home to a team of customer service…


E-commerce startup Zilingo raises $226M to digitize Asia’s fashion supply chain – TechCrunch

If you’re looking for the next unicorn in Southeast Asia, Zilingo might just be it. The 3.5-year-old e-commerce company announced today that it has raised a Series D round worth $226 million to go after…