Australia startup news roundup

5 top startup news stories in Australia (August edition)

August is almost over, but not before our monthly Australia startup news round-up pops up.

  • August 28, 2014
  • at 4:58 pm
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COMCAM Sailors Take On Tough Mudder

These numbers will remind you that doing a startup is brutal

Even among funded startups, the odds of you getting a decent exit are pretty low.

  • August 28, 2014
  • at 4:38 pm
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ybrain

Ybrain gets $3.5M funding to make wearable tech that tackles Alzheimer’s disease

There's still no cure for Alzheimer's disease, but Ybrain claims its wearable tech is the most effective treatment so far.

  • August 28, 2014
  • at 2:15 pm
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191759863_01d72c39af_b

Uber ignores possible government crackdown, test launches UberX in Korean capital

Starting today, Seoul residents looking to ferry passengers around the city can sign up to become an UberX driver during a temporary testing...

  • August 28, 2014
  • at 1:43 pm
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KKBOX_4

Taiwan-based music streaming startup KKBox raises $104M from Singapore’s GIC

A whopping funding round for Asia's Spotify could help it strengthen its on the music streaming space in Southeast Asia

  • August 28, 2014
  • at 11:14 am
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hipvan-mobile-thumb

Singapore’s HipVan raises $1.4M from LionRock Capital and Toivo Annus

Singapore-based ecommerce startup HipVan has completed its $1.4M series A financing round led by LionRock Capital and Skype co-founder Toivo...

  • August 28, 2014
  • at 12:30 am
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blogapalooza

Blogapalooza is planting the seeds of a revolt against old media

Blogapalooza promises to connect businesses with Filipino bloggers, but will the concept work?

  • August 27, 2014
  • at 8:59 pm
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xingyun logo

Chinese social network for following celebs – or even becoming one – secures $6.5M funding

Xingyun, a Chinese niche social network, has just raised an RMB 40 million (US$6.5 million) series A round of funding led by Shenzhen Capita...

  • August 27, 2014
  • at 8:00 pm
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ayondo

Gamified and social trading platform Ayondo gets $4M from Luminor Capital

Ayondo expands to Singapore, gets US$4 million to give TradeHero some competition in Asia.

  • August 27, 2014
  • at 6:42 pm
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movie production studio

China’s favorite video site Youku gets into the movie making business

Youku says Heyi Films will produce films "to the tastes of the Chinese audience" and "improve film marketing and distribution."

  • August 28, 2014
  • at 4:53 pm
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tumbleweed

Renren, once hailed as China’s Facebook, is dead in the water as active user numbers drop

Renren, the social network once lauded as “China’s Facebook”, is on a slow and agonizing path towards its own vanishing point.

  • August 28, 2014
  • at 3:11 pm
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taxi app hailo

Hailo, a well-funded taxi app from London, is expanding to Singapore

It faces competition from Uber, GrabTaxi, and Easy Taxi. But it'll have an easier ride than the US market.

  • August 28, 2014
  • at 2:01 pm
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jack ma alibaba cc

Jack Ma is now China’s richest person. How far is he from becoming the richest on earth?

Ma's net worth is now $21.8 billion, even before his company goes public in what's expected to be the biggest IPO for an internet company in...

  • August 28, 2014
  • at 11:44 am
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tripvisto-thumb

Tripvisto wants more Indonesians take on tours, gets seed funding from East Ventures

Tripvisto’s CEO Bernardus Sumartok assures everyone that the new startup won’t share the same fate as its ‘older brother’.

  • August 28, 2014
  • at 9:00 am
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pricebag

Indian price comparison site PriceBag raises $2M

Product discovery and price comparison engine PriceBag.com, owned by Gurgaon-based Accentium, raised US$2 million in funding from undisclose...

  • August 27, 2014
  • at 10:33 pm
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chengdu panda

Uber continues its China expansion as it launches in Hangzhou and Chengdu

When the Uber team flashes the #UberEverywhere hashtag, they mean it. Just days after launching in four Indian cities simultaneously, the S...

  • August 27, 2014
  • at 8:39 pm
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redmi-1s-thumb

Xiaomi officially launches in Indonesia with Redmi 1S

Xiaomi will officially make its debut in Indonesia. But the company uses a somewhat different method of selling its products.

  • August 27, 2014
  • at 7:33 pm
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South Korea’s top Bitcoin exchange secures $3M investment to build an entire bitcoin ecosystem

Korbit, Korea’s leading Bitcoin exchange, wallet and merchant processor, has just closed a US$3 million series A funding round led by Soft...

  • August 27, 2014
  • at 5:00 pm
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