How Reliance Jio Platforms became India’s biggest telecom network – TechCrunch

[ad_1] Months after India’s richest man launched his telecom network, his chief rival, Sunil Mittal, was already struggling to contain his frustration in the public. That tycoon Mukesh Ambani would try to win subscribers by offering them voice calls for free wasn’t a surprise for anyone, said Mittal at the World Economic Forum in January…

Tonik raises $21 million to launch digital bank in the Philippines – TechCrunch

[ad_1] A wave of digital banks, or neo-banks, has flourished in recent years in Western nations as people begin to flee megabanks. While most of these startups are yet to prove they can turn a profit, entrepreneurs are beginning to replicate similar ideas in South Asian markets, where most people don’t have accounts with traditional…

Maria Ressa, founder of Filipino independent media site Rappler, found guilty in cyber libel trial – TechCrunch

[ad_1] Veteran journalist Maria Ressa, the founder of Filipino independent news site Rappler, was found guilty on Monday of cyber libel charges by a Manila court. She faces up to six years in prison. Critics of the charges, which include prominent human rights and press freedom advocates, say charges filed against Ressa and Reynaldo Santos…

Sinch to buy India’s ACL Mobile for $70 million – TechCrunch

[ad_1] Sinch said on Monday it has agreed to buy Indian firm ACL Mobile for £56 million (roughly $70 million) in what is the third acquisition deal the Swedish mobile voice and messaging firm has entered into at the height of a global pandemic. The Swedish firm said acquiring ACL Mobile will enable it to…

Alibaba to add 5,000 staff to cloud unit – TechCrunch

[ad_1] Hello and welcome back to ’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. This week, we have updates from Alibaba’s rapidly growing cloud computing unit, Apple’s controversial decision to remove two podcast apps from its Chinese App…

India’s Reliance Jio Platforms to sell $250 million stake to L Catterton – TechCrunch

[ad_1] Speaking of Reliance Jio Platforms, the top Indian telecom operator said on Saturday it has secured another investment. L Catterton, a U.S. private equity firm will invest $250 million for a 0.39% stake in Jio Platforms, becoming the ninth investor to back the Indian firm at the height of a global pandemic. L Catterton,…

India’s Reliance Jio Platforms to sell $600 million stake to TPG – TechCrunch

[ad_1] American private equity firm TPG said on Saturday it will invest $600 million in Jio Platforms, joining a roster of high-profile investors including Facebook and Silver Lake that have backed India’s top telecom operator at the height of a global pandemic. TPG said it is acquiring a 0.93% stake in Jio Platforms, giving the…

Pocket Casts and Castro Podcasts removed from Apple’s China store – TechCrunch

[ad_1] Before June each year, content and media platforms in China anxiously anticipate a new round of censorship as the government tightens access to information in the lead-up to the anniversary of the Tiananmen Square crackdown. This year, Chinese users lost access to two podcast apps — Pocket Casts and Castro Podcasts. Neither app is…

Alibaba taps international influencers to sell more globally – TechCrunch

[ad_1] For years, Chinese e-commerce exporters have been learning the ins and outs of ad placement on Facebook, Instagram and other mainstream social media platforms to reach customers around the world. But they recently spotted a new way to grab people’s attention, one that has never felt more familiar. Video influencers. Shopping via videos is…