Asia

HTC’s smartphone chief and ex-CFO, Chialin Chang, resigns

HTC’s smartphone and connected devices president and former CFO, Chialin Chang, has resigned. The move, spotted earlier by Engadget, was announced today and is effective immediately. Chang joined the company as CFO in 2012, moving there from Goldman Sachs. He also previously ran HTC’s global sales business — before eventually becoming president of smartphones and …

JD.com’s logistics business raises $2.5B from Hillhouse, Sequoia China and others

JD.com, the Chinese e-commerce giant that is Alibaba’s closest rival, is raising giving its logistics spin-out business a huge boost after it announced that the unit is raising $2.5 billion. JD Logistics, which became a standalone business last April, is raising the investment capital from a range of backers who include Hillhouse Capital, Sequoia China, China …

Sourcify is connecting entrepreneurs directly to pre-vetted overseas factories

If you’ve ever tried to order and source products from overseas you likely know the process is broken. Factories rarely talk directly to customers and middlemen are difficult to track down and there’s usually a significant delay while you wait for them to communicate back and forth with you and the factory. There’s also the …

Vynn Capital plans maiden $40M startup fund for Southeast Asia

Southeast Asia has a new venture capital fund on the scene after Victor Chua, formerly a vice president at Gobi Ventures, launched Vynn Capital. The Kuala Lumpur-headquartered venture is founded by Chua and Singaporean Darren Chua, previously with IE Singapore, and it is targeting a $40 million total close. Chua declined to say how far advanced the …

Foxconn is working with RED to make cheaper and smaller 8K cameras

Foxconn, AKA Hon Hai Precision Industry, AKA the company that made your iPhone, is working with digital cinema pioneer RED to create affordable 8K cameras, the company announced. Chairman Terry Gou told reporters in Taipei, the Nikkei’s among them, that the goal is to reduce both the price and the size of such camera systems …

New project outfits Indonesia’s street vendors with free Wi-Fi and smart tech

Investors in Indonesia have started a new project aimed at digitizing the kiosk shops that adorn the street of capital city Jakarta. Warung Pintar — ‘smart kiosk store’ — helps street vendors revamp their store with a bright and colorful design, and a range of tech that includes a digital POS, free Wi-Fi, an LCD screen, …

Alibaba invests another $1.3 billion into its offline retail strategy

Alibaba has furthered its physical retail footprint after it invested another billion dollars into projects to develop its so-called “new retail” strategy which combines online and offline. The Chinese firm, the dominant e-commerce player in its country, gobbled up a 15 percent stake in Beijing Easyhome Furnishing for RMB 5.45 billion, or around $867 million, and pumped …

What to expect from Samsung’s next Galaxy flagships

It’s that time of year again. Samsung is getting ready to unpack some shiny new high end smartphones at the world’s biggest mobile confab. And Android fans are getting ready to cheer. The TechCrunch team will be on the ground at MWC in Barcelona in two weeks’ time to bring you all the news. But …