Blackbox Connect is the Silicon Valley immersion program that’s dedicated to overseas entrepreneurs. It has already hosted startups from 25 countries. The aim of Blackbox, says founder Fadi Bishara, is to inspire confidence in people and “to show they’re up there with Silicon Valley startups.”
Over the weekend, Fadi Bishara (pictured below) was in Pakistan to check out the nation’s burgeoning tech ecosystem. For Bishara, who’s originally from Syria, it was his first time to explore Pakistan. He was guided around by Nabeel A. Qadeer’s team at Plan9, the...
The biggest news in the Indonesian tech scene so far is about how local conglomerate Bakrie Global led the $25 million series C investment for mobile social network Path a few weeks ago. So it comes as no surprise that Bakrie’s CDMA telco business, Esia, is one of the first players to offer free Path usage in Indonesia.
The free Path usage is only available for Esia’s MaxFun and MaxPic smartphone users. The offer has actually been available since December and was supposed to be just a one-month promotion, but the team extended it up through to the...
Beijing is set to lay out its annual new vehicle allotments after Chinese New Year, and just as Chinese citizens head home for the holidays, the capital has announced its policy for issuing green-energy vehicle plates.
According to ChinaNews, the Beijing municipal government will issue license plates for a total of 20,000 electric vehicles, half of which will be available as consumer vehicles.
In addition, for consumers who opt to purchase electric vehicles, the government will grant subsidies of up to RMB 108,000 (about $17,000) per vehicle. These subsidies, however, are only available for vehicles produced...
ITwin used to be a rising star in Singapore’s startup scene. First emerging as a spin-off from Singapore’s national research agency A*STAR, the company was one of about a hundred young companies hand-picked to pitch at TechCrunch50, a conference held in 2009 by the prominent Silicon Valley tech blog.
Asia is still setting the pace when it comes to average internet connections speeds, with South Korea leading the way at an average of 22.1 Mbps. The newest figures from Akamai reveal that Japan is second in the global ranking, and Hong Kong is third.
South Korea is not resting on its laurels as the world’s web whizz, and its average connection speed shot up 51 percent from Q3 2012 to these new figures for Q3 2013. When we looked in mid-2011, South Korea was at an average of 13.8 Mbps. Here’s the global top 10 right now:
Hong Kong has been third for a few years, but it looks set to be...
T-Mobile is always happy to kick rival AT&T when it’s down, even when all signs point to AT&T coming out ahead.
The Un-carrier went full Onion tonight, releasing a satirical press release complete with fake quotes from AT&T CEO Ralph de la Vega. The release thanks AT&T for dismantling the Death Star and joining the Un-carrier movement. Not because AT&T actually announced a switch to contract-less plans like T-Mobile, but because it’s willing to pay T-Mobile customers to switch to the second largest carrier in the U.S.
2C2P, an online payment processing company, has concluded a $2 million Series B financing round, led by $1.5 million from an undisclosed investor and $500,000 from Japan-based GMO Payment Gateway, Tech in Asia has learned. The deal was closed six months ago but wasn’t covered by any media.
Founded in 2003 and headquartered in Singapore, the company aims to solve online payment problems in Southeast Asia, a tough market for e-commerce since many consumers don’t own credit cards.