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1402

VC Life.SREDA Gets Huawei Senior Exec On Board For Its InspirAsia Accelerator

TECHINASIA: Recently landed in Singapore, Russian venture capital Life.Sreda today announced it has hired Huawei’s former global head of operations and COO of cloud business Victor Chow as CEO of its InspirAsia startup accelerator. From his new position, he will be overseeing accelerator development and the launch of the acceleration program. (more…)

Fintech news, Hotnews, InspirAsia, Singapore

May 21, 2015

923

Korean Crowdfunding Platform For Creative Artists Raises $16M Funding

TECHINASIATumblbug, a South Korean crowdfunding platform for the creative arts, announced today it has raised KRW 17 billion (just over US$15.5 million) in series A investment, according to BeSUCCESS. The funding comes from DCM, Strong Ventures, and Naver, the maker of messaging app Line. (more…)

Crowdfunding/investing, Deals, InspirAsia, Korea

May 21, 2015

790

Shanghai Stock Exchange Planning Startup Market

The Wall Street JournalThe Shanghai Stock Exchange is on track to inaugurate a new market for small, innovative companies as soon as this year, which will challenge the wildly successful Nasdaq -style startup board in Shenzhen, people familiar with the matter said. (more…)

China, InspirAsia

May 19, 2015

672

News From Singapore’s Accelerators

TECHCRUNCHJFDI Asia, the Singapore-based accelerator program, is doubling down its investment in early-stage startups and experimenting with allowing participants of its 100-day program to spend time away from its physical base. The organization, which was founded in 2012 by former BBC producer Hugh Mason and entrepreneur Meng Weng Wong, said it will now provide an immediate SG$50,000 (US$37,000) investment for startups accepted into its twice-annual program. That covers an 8.88% share in each company, and is double its previous investment. JFDI Asia is also pledging to offer a further SG$70,000 (US$53,000) towards a follow-on seed round for “the most successful startups.” (more…)

InspirAsia, Singapore

May 19, 2015

832

Vietnam Startup Scene Poised To Take Off As Ecosystem Comes Together

DEALSTREETASIA: For almost a decade, Vietnam’s startup scene has faced shortage of quality startups, lack of legal support and inadequate funding. All this is set to change with a new wave of entrepreneurs  and investors re-shaping the country’s  startup ecosystem. Several changes were already visible during Techfest, the first national event for startups (or say Vietnam’s DLD Innovation Festival or Echelon). (more…)

InspirAsia, Vietnam

May 18, 2015

800

Philippines Growth Racing Ahead of Neighbors

The Wall Street Journal: The Philippines’ economy is shedding its reputation as a laggard and outpacing others in the region—with the fastest growth rate among major economies in East Asia after China. The country notched growth last year of just over 6%, and the central bank targets growth of 7% to 8% in 2015. That compares with 0.9% in Thailand and 5% in Indonesia in 2014. For years, the Philippines was viewed as a sluggish economy marred by graft and bureaucratic inefficiencies. (more…)

InspirAsia, Philippines

May 18, 2015

1187

The Rising Opportunities In Fintech In Asia

CIO ASIA: In early May this year, Russian fintech Venture capital firm, Life.SREDA VC, moved its operations to Singapore from Moscow. To mark this move and to announce the launch of an accelerator, InpirAsia, the company invited the internationally-renowned expert in financial services Reggy de Feniks. (more…)

Fintech news, Hotnews, InspirAsia, Singapore

May 18, 2015

662

Alibaba Sued Over Alleged Counterfeits

The Wall Street JournalThe owner of several of the world’s best-known luxury brands has filed a fresh lawsuit against Alibaba Group Holding Ltd. , the latest challenge to the Chinese e-commerce giant’s assertions that it fights the sale of counterfeit goods on its platforms. (more…)

China, InspirAsia

May 17, 2015

1152

India’s Axis Bank taps WhatsApp for P2P mobile payments

FINEXTRA: India’s Axis Bank has launched a mobile payments service that lets users send money to each other through WhatsApp, Facebook, Twitter, email and phone contact lists. Developed with Singapore-based social payments vendor Fastacash, the Ping Pay app enables P2P fund transfers as well as mobile top-up through the National Payments Corporation of India’s Immediate Payments Service (IMPS).

(more…)

India, InspirAsia

May 15, 2015

800

Alibaba Launches Market To Shoppers Services Via Mobile App

THE PAYPERSAlibaba Group has recently introduced a mobile app, Miao Street, that can help stores market to shoppers services, provided that stores accept Alipay payment method. (more…)

China, InspirAsia

May 14, 2015

718

PLDT To Invest $100m In Big Data Services

DEALSTREETASIA: The Philippine Long Distance and Telephone Co (PLDT) is planning to invest around $100 million in its Big Data business, meant to help companies and government agencies develop more effective products, services, and programs for their target markets, a top company executive said. (more…)

Fintech news, InspirAsia, news, Philippines

May 14, 2015

762

Asia’s FinTech Can’t Wait, We Need Yo Hurry: Next Bank Founder

E27.CO: Rob Findlay sat down with e27 to share his thoughts on the fin-tech ecosystem in Asia and where it is all going from here (more…)

InspirAsia, Singapore

May 14, 2015

819

The Fast Rise of Nikesh Arora at SoftBank

FORTUNE: Former Google executive Nikesh Arora joined SoftBank last year to oversee the Japanese company’s investment strategy, a task overseen so far by the legendary SoftBank founder, Masayoshi Son. Before joining SoftBank, Arora had been the top business executive at Google, having risen in the search giant’s ranks after running its highly profitable European business. He started his career as an investment analyst and also worked at Deutsche Telecom, making him a fit in all sorts of ways for SoftBank, a communications and Internet company. (more…)

InspirAsia, Japan

May 13, 2015

776

Good To See More Focus On ‘Tech’ Than ‘Fin’ In FinTech: Citrus Founder

E27.CO: Citrus Pay is a leading online checkout and payment solutions company in India. Headquartered in Mumbai, Citrus is backed by Sequoia Capital and Beenos Asia, a subsidiary of Japanese e-commerce and incubation company Netprice. As per a recent news report, PayPal Founder Pieter Thiel is rumoured to be planning to infuse US$25 million into the company as the fin-tech space is getting hot. (more…)

India, InspirAsia

May 13, 2015

662

Alibaba Needs To “Globalize,” Says Its New CEO

TECHCRUNCH: The bulk of Alibaba’s revenue still comes from China, but the e-commerce giant will focus aggressively on growing its global business this year. Daniel Zhang, who took over as chief executive officer last week, told employees in in a recent speech that not only will Alibaba pour money into its global businesses, but also transform its company culture. (more…)

China, InspirAsia

May 13, 2015

1171

FinTech Demo Day

Fintech Demo Day is the first event jointly hosted by Marvelstone PartnersLife.SREDA VC and Yozma Group Asia for the selected fintech startups to provide demo for panel of judges and investors in Korea. The purpose of this even is to search for competitive fintech companies in Korea and introduce the hosting VCs to the fintech industry and startups in Korea.  (more…)

Fintech news, InspirAsia, Korea, news

May 13, 2015

660

Searching for the Next Jack Ma

Bloomberg: Fan Bao and his ‘Alpha Team’ of investment bankers are scouring China’s startup scene to uncover a new wave of technology giants. (more…)

China, InspirAsia

May 12, 2015

780

SoftBank’s New President Is Former Google Head Of Business Nikesh Arora

TECHCRUNCHSoftBank, the Japanese telecom giant that is also one of Asia’s most prolific startup investors, has named Google’s former chief business officer, Nikesh Arora, as its new president and potential future chief executive officer. (more…)

Fintech news, InspirAsia, Japan, news

May 12, 2015

1043

Asia’s states, VCs, banks and startups must build fin-tech together

E27.CO: The world’s best fin-tech companies come from countries with a close collaboration between all parties, says Vladislav Solodkiy of Life.SREDA at the fin-tech event that took place in Singapore last week. (more…)

Fintech news, Hotnews, InspirAsia, news, Singapore

May 11, 2015

669

Uber Is Testing Cash Payments In India

TECHCRUNCH:  Uber is synonymous with its cashless payment experience, but that’s about to change. At least in India, initially. That’s because the ride-hailing giant has kicked off a pilot program testing cash payments in one city in the South Asian country: Hyderabad. There, Uber customers will be able to pay their fare in cash, using a new option that must be selected before requesting a ride. (more…)

India, InspirAsia

May 11, 2015

659

Disruption Looms For Asian Banks

IFRE.COM: Last week, the  head of Singapore’s DBS Group, Piyush Gupta, sounded the alarm over shifts in the banking model that could push many banks out of business in a relatively short period. He spoke of the “cataclysmic disruption” facing the industry over the next five years and suggested that banks unable to adjust to this disruption over the next decade would “die”, adding that perhaps a decade was being a little too generous on the timeline front. (more…)

InspirAsia, Singapore

May 8, 2015

657

Chinese company Tiens Group treats 6,400 workers to four-day Paris holiday

The Guardian: A huge Chinese company, Tiens Group, is treating more than half of its 12,000 employees to a four-day holiday in France and has booked up 140 hotels in the capital Paris as part of the package, a French foreign ministry spokeswoman said on Thursday. (more…)

China, InspirAsia

May 8, 2015

1253

All Roads Lead To Bangalore For VCs

TECHINASIA: Which is the startup capital of India? That has been an ongoing debate in recent times, with the three frontrunners – Bangalore, Delhi, and Mumbai – all staunchly staking their claim to the title. (more…)

India, InspirAsia

May 8, 2015

944

10 Great Co-Working Spaces In Taiwan

TECHINASIA: Taiwan ought to be a digital nomad’s paradise. With ultra-efficient urban infrastructure, affordable prices (unless you’re buying real estate), abundant natural scenery, and jaw-dropping internet speeds, the island makes an excellent destination for itinerant coders looking to mesh work with play. Like elsewhere in Asia, more and more co-working spaces are popping up in Taiwan. Below we’ve listed 10 worth checking out. (more…)

InspirAsia

May 8, 2015

1148

PawnHero, LoanSolutions Partner To Provide Lending Options To Filipinos

E27.CO: The move is aimed at giving Filipinos easier access to loans and enabling more financial power (more…)

InspirAsia, Philippines

May 8, 2015

740

A glimpse inside LINE’s adorable Bangkok office and the global effect of its messenger culture

The Next Web: Japan-based messenger app LINE is one of the biggest apps in Asia, but many in the western markets may not know it as well in light of other heavyweights like Facebook MessengerWhatsAppGoogle Hangouts and Skype.

(more…)

InspirAsia, Japan

May 8, 2015

854

In Word-Of-outh Myanmar, Startups Must Enter ‘Trusted Circle’

E27.CO: “The majority of international brands available in Myanmar today are relatively new to the market, and as a result consumers are still familiarising themselves with these brands. They place a great deal of importance in the recommendations of those in their trusted circle of family and friends. For new brands looking to establish a foothold in the market, building awareness, trial and, ultimately, trust is critical to success.” (more…)

InspirAsia, Myanmar

May 7, 2015

1111

Singapore’s VC investments exceed $1b in 2014: SVCA

DEALSTREETASIA: Singapore-based private equity (PE) and venture capital (VC) fund managers deployed more than $9 billion, while VC investments exceeded $1 billion, with Singapore continuing to be a major investment hub. Singapore-based fund managers accounted for more than 55 per cent of total PE and VC investments into Southeast Asia. Meanwhile, Singapore-based companies received more than $2.7 billion in PE/VC funding. (more…)

InspirAsia, Singapore

May 7, 2015

1242

Regulator Set to Allow Banks to Fund Fintech Firms

The Korea Bizwire: South Korea’s top financial regulator said Wednesday that it will pave the way for local banks to invest in financial technology firms as part of its efforts to boost the integration of the two industries. According to current financial laws, financial institutions are allowed to buy stakes in or make contributions only to companies in the same business sector. (more…)

Global trends, Government activities, InspirAsia, Korea

May 6, 2015

618

How TradeHero Is Democratizing Stock Trading For Asia’s Middle Class

TECHINASIA: In the past, Tech in Asia has referred to TradeHero as one of the best startups in Singapore. The firm offers an app that lets users trade virtual money based on real-world stock market data. Essentially, it’s a game, but with interesting implications. (more…)

InspirAsia, Singapore

May 6, 2015