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Korea’s Daum Kakao Brings In 34-Year-Old CEO To Grow Its Messaging Business Overseas
Daum Kakao, the $7 billion Internet company that owns messaging app Kakao Talk and recently bought Path, has turned to youth after hiring a new CEO to push its business forward and grow overseas. How Gulf Countries Can Ignite Their Startup Revolution
There is hardly a day that passes without a new major initiative, announcement or bold proclamation by the Gulf economies of United Arab Emirates, Kuwait, Oman, Qatar, Bahrain and Saudi Arabia to promote tech startups in the region. Be it incubators, investment funds or free zones, you name it and they have it. Read More
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Chat App Line Invests In Mobile Games With New $20M Joint Venture
With revenue dropping this past quarter following a slump, Japan-based messaging firm Line is going back to what it knows best with a new $20 million joint venture to create mobile games. The company, which is owned by Korean Internet giant Naver, has partnered with Korean game development firm LongTu to create Hong Kong-based Lantu Games. The 50-50 venture (each side is putting in $10… Read More
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Iron Man Galaxy S6 Edge Arrives With An Arc Reactor Charger
Samsung’s Iron Man-branded Galaxy S6 Edge arrives tomorrow, with a custom paint job, 64GB of on-board storage and a limited edition wireless charger accessory with an appropriate arc reactor graphic included on top. It ships with a clear cover, too, so you can protect your precious “armor” when ticketing around in the real world. The box it comes in is also red and gold,… Read More
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Cloudike Provides White Label Cloud Storage For Carriers Like LG
Services like Dropbox, iCloud, and Google Drive are so ubiquitous in the U.S. that it’s easy to forget there are many markets around the world where personal cloud storage is still relatively novel. Cloudike, which is part of ASD Technologies and based in Korea, Russia, and San Jose, California, wants to grab those users by offering white-label cloud storage for mobile service providers… Read More
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Korean Bitcoin Exchange Korbit Raises $3M Series A
Korean bitcoin exchange Korbit has raised $3 million in Series A funding led by SoftBank Ventures Korea and Pantera Capital, with participation from BAM Ventures, and returning investors Bitcoin Opportunity Corp., Tim Draper, Pietro Dova, and Strong Ventures. The startup told TechCrunch that it will use its Series A to improve the quality of its products and services and make additional hires. Read More
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