TECHINASIA: Building a startup into a billion-dollar company is still a dream for most. While it is easier than ever to start a business, it’s harder than ever to scale one. In the tech industry, many companies are “born global” by nature, but successfully scaling globally takes a special mix. Over the past few years there has been a lot of valuable information and focus on starting lean, but little information as to how to cross the chasm and successfully scale into a profitable, global business. So, what’s the magic recipe? I have assembled a short list based on my experiences of working with successful startups in the US, Europe, and Asia, and also asked local experts for their opinions. (more…)
DEALSTREETASIA: Data from SNL Financial, released earlier this week,showed that Singapore state-owned fund Temasek Holdings is the single-largest foreign investor in Chinese banks amongst the top 25 foreign investors in China. The SNL index also showed that Chinese banks had outperformed their regional peers in the Asia-Pacific, including Japan and Australia. (more…)
E27.CO: Philippine startup Satoshi Citadel Industries (SCI) has acquired BuyBitcoin.ph, the first Philippine Bitcoin exchange in the country. Founded by Sam Kaddoura, Lasse Birk Olesen, James Florentino and Dan Walton in January 2014, BuyBitcoin.ph is a peso to Bitcoin ‘over-the-counter’ exchange which allows Filipinos direct access to buying and selling of the cryptocurrency. (more…)
TECHINASIA: It was an especially good weekend for the 10 startups who qualified for the Startupbootcamp FinTech program in Singapore. During a special event on Saturday, the FinTech accelerator chose the finalists out of a selection process that lasted six weeks and saw 300 applications coming in. (more…)
E27.CO: Internet is one of the hottest and the most sought-after sectors in India that saw VCs pouring in billions of dollars of investments as of late. The success stories of homegrown giants such as Flipkart, Snapdeal, Quikr, Urban Ladder and Ola are prompting foreign investors to throw some huge bucks into the market, although many of these companies are yet to achieve profit. (more…)
E27.CO: With the rising trend of coworking, remote work, and “workation” retreats, entrepreneurial Millennials from around the world are quickly adopting the location-independent entrepreneurship lifestyle because of the prospect of reduced living costs, exciting new environments, and access to a network of other motivated and interesting creatives and entrepreneurs. (more…)
TECHCRUNCH: The rise of e-commerce in India has triggered a wave of startups that are leveraging the increasing adoption of smartphones to provide mobile payment solutions. Alibaba invested in Paytm at an apparent billion dollar valuation earlier this year, and now MobiKwik is the latest to be flushed with new cash. New Delhi-based MobiKwik has pulled $25 million in funding, led by Singapore-based hedge fund Tree Line Asia. The deal included participation from a couple of interesting strategic investors — Cisco and American Express. (more…)
TOFLER: For the past few weeks, speculation has been rife that Russian Venture Capitalist Yuri Milner’s DST Global was set to invest $500 million in online cab aggregator Ola Cabs. The wait is now over. The latest funding round closed last week when ANI Technologies Private Limited, the owner of Ola Cabs, issued Series G of Preference Shares to various funds within the DST Global umbrella and to some of its existing investors. The company’s filings obtained from the Registrar of Companies reveals the list of investors and the money each has invested in these preference shares. (more…)
TECHINASIA: Stripe may be making its way to the Singapore market, if certain reports from local entrepreneurs are accurate. The US-based company that provides web and mobile payment methods to online businesses has seemingly been testing the waters in the area, where competing service Braintree has already established a presence. (more…)
TECHCRUNCH: Two months after making its first investment in Israel, Alibaba is digging deeper into the country’s startup ecosystem. Venture capital firm JVP (Jerusalem Venture Partners) announced yesterday that it will partner with the e-commerce giant to give financial support to promising startups. The amount of money both companies will invest together was not disclosed. (more…)
TECHCRUNCH: It’s no surprise that Vietnam is being talked about as an alternative, amid rising costs and attrition rates in popular offshoring destinations like China and India. The General Statistics Office of Vietnam reports growth of almost 6 percent in GDP during 2014. Tech giants like Samsung, Microsoft, LG and Intel have invested in large operations in Vietnam, and a growing number of technology startups have secured investment. The entrepreneurial spirit on the streets of Ho Chi Minh City is palpable.
E27.CO: With the rising trend of co-working, remote work, and “workation” retreats, entrepreneurial Millennials from around the world are quickly adopting the location-independent entrepreneurship lifestyle because of the prospect of reduced living costs, exciting new environments, and access to a network of other motivated and interesting creatives and entrepreneurs. (more…)
E27.CO: It’s a great time to be an entrepreneur in Singapore. Never in the history of our little red dot has there been more buzz, more excitement, more life and more resources channeled towards technological innovation. Singapore has become a hub in this region and a real player on a world stage once dominated by the great industrial economies of the world like Japan and America.
E27.CO: Indian online marketplace Snapdeal has announced its foray into financial services with the acquisition of a majority stake in RupeePower, a digital financial products distribution platform, for an undisclosed amount. The e-commerce player will now offer consumers a financial services marketplace by integrating RupeePower onto the Snapdeal platform. It aims to enable US$1 billion consumer loans disbursal over the next two years.
FORBES.COM: Lee Kuan Yew, the first prime minister of Singapore, died last week at age 91. Almost every obituary has remarked on the radical transition his leadership heralded. As John Fund wrote at National Review: “By embracing free trade, capital formation, vigorous meritocratic education, low taxes, and a reliable judicial system, Lee raised the per capita income of his country from $500 a year to some $52,000 a year today. That’s 50 percent higher than that of Britain, the colonial power that ruled Singapore for 150 years. Its average annual growth rate has averaged 7 percent since the 1970s”.