17 April 2017

Virtual gaming items marketplace Itemku raises $1.2m but legal issues persist

Virtual gaming items marketplace Itemku raises $1.2m but legal issues persist Five Jack, the South Korea-based company that operates a marketplace for virtual goods in Indonesia, today announced it raised US$1.2 million in series A investment from 500 Startups and Korean VC K-Run Ventures. Another Korean investor, which the company didn’t name, also put in […]

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04 April 2017

Payments company Ayopop raises $1m seed funding

Payments company Ayopop raises $1m seed funding Indonesia’s Ayopop specializes in bill payments, which means it wants users to pay for things like their phone bills, electricity, and internet services through its app. Ayopop launched about a year ago and has been angel funded so far, with some investment from venture capital firm Gree.

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27 March 2017

Alibaba to use blockchain to fight China’s fake food

Alibaba to use blockchain to fight China’s fake food China has a fake food problem. Counterfeit soy sauce, rice, and eggs are among the potentially deadly items found for sale. Now Alibaba, the nation’s top online shopping company, wants to fight back against fake foods by using blockchain, the tech behind Bitcoin.

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