Asia tech news roundup – Nov 29

Photo credit: Zimplistic

Here are some of today’s top tech stories from around the region.

Consumer tech

The startup behind Rotimatic reports US$20 million in annual revenue (Singapore). Zimplistic is also seeking series C investment so that it can take its smart flatbread-making machine to India and the Middle East. (Tech in Asia)

Fintech

Change raises US$17.5 million in token sale (Singapore). The fintech firm will invest the funds in product development. It plans to launch a cryptocurrency debit card and mobile wallet next month. (Tech in Asia)

Artificial intelligence

SenseTime reportedly gets US$227 million from Alibaba (China). The facial and image recognition startup would be valued at US$3 billion post-money as a result of the investment. (China Money Network)

Transportation

Photo credit: Mark Warner.

Uber partners with local payments app (Vietnam). The ride-hailing company will work with Goldman Sachs-backed Momo to enable cashless payments for its users in the country. Regional rivals Grab and Go-Jek offer cashless payments through their own apps. (Tech in Asia)

Meanwhile, the company reported record losses (Asia-Pacific). Uber posted a loss of US$2.9 billion between January and September this year, compared to US$2.8 billion for the whole of 2016. It is yet to reveal revenue for the same period, though the total value of bookings reached a record US$25.9 billion. (Tech in Asia)

This post Asia tech news roundup – Nov 29 appeared first on Tech in Asia.

from Tech in Asia https://www.techinasia.com/apac-news-29-11-2017
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