Business Insider: Samsung will release Samsung Pay in the second half of 2015, according to statements made by Samsung Electronics managing director Park Jin-young obtained by Korean news site, WhowiredKorea. (more…)
TECHINASIA: Brooklyn-based crowdfunding site Kickstarter has proven many times over that collecting funds from the public for creative projects can work. In crowdfunding, backers donate money to make a project or cause they admire come true. Some crowdfunding campaigns are based on a pre-order system, where the backer gets a product once it is completed and deliverable. Others are based on a system where the backer gets a gift or some form of other perk as reward for their contribution. (more…)
MONOCLE: With a “strategic co-operation partnership” in place, China has stood by Sri Lanka when its human-rights record has come under question. And when the former president needed help constructing the port and airport he built in his hometown of Hambantota, it was China he turned to. Beijing sees Sri Lanka as crucial to the development of its Maritime Silk Road, with the island’s south coast lying a few miles from the shipping lanes that could connect China with India and oil-producer Iran. Air China’s new Chengdu-Colombo service, which runs four times a week, was no doubt developed to capitalise on the close relationship between the two nations. And having had a consulate in Chengdu since 2009, Sri Lanka is already committed to the Sichuan capital. (more…)
TECHINASIA: Peer-to-peer lending is one of the hottest – if not the hottest – business model in China’s venture capital scene right now. P2P lending startups are getting funded left and right, with new names entering the game each week. The pace of these companies flooding the market has risen so dramatically that we’ve largely given up on covering all of them. (more…)
DEALSTREETASIA: The recent entry of several fintech-focused accelerators into the Singapore startup ecosystem is laying the foundations for a sophisticated fintech ecosystem in the city-state. This development has played a significant part in the Russian venture capital firm Life.SREDA’s shifting its HQ from Moscow to Singapore. With the recent move by Life.SREDA VC to migrate to Singapore, along with its proposed $100 million second fund, DEALSTREETASIA caught up with its managing partner Vladislav Solodkiy, who is also the Chairman of the Board of LifePay Global, which provides mPos services across CIS and Asia Pacific markets.Edited Excerpts (more…)
TECHINASIA: Imagine the day when scanning your face, waving your phone, or using some kind of a wearable are the new norms of paying for goods and services. The transactions could be anything – from buying a train ticket to sending money to a relative, buying clothes in the mall, or riding a jeepney. (more…)
TECHCRUNCH: Payments continue to be a huge issue in many parts of Asia and emerging markets. That’s why 2C2P, a Singapore-headquartered startup, has closed a $7 million Series C round to help solve the complexities across Southeast Asia. The round was provided by Hong Kong-based Amun Capital and GMO Venture Partners from Japan. It takes the startup at $40 million pre-money, and takes it to $10 million from investors to date. (more…)
E27.CO: The Indian startup ecosystem is going through a frenzied time, with VC investment deals spurting in the first four months of the current calendar year. As per VCCEdge, the research platform of VCCircle (a News Corp company), investors who typically do pre-Series A to later stage investments signed 83 transactions with an aggregate announced investment value of US$853 million in the first quarter of 2015 (till March) — a rise of more than 2.5X over Q1 2014. As per the report, the number of deals has also gone up during the period. (more…)
E27.CO: Russian venture capital firm Life.SREDA, which e27 exclusively reported is to open its own fin-tech accelerator InspirAsia in Singapore this year, has just shared more juicy goodness: it plans to invest the remaining US$80 million to US$90 million of its second fund into promising fin-tech startups across Asia Pacific over the next six months. Vladislav Solodkiy, the firm’s Managing Partner, said he expects the remainder of the fund to be invested in between 20 to 30 startups at rounds of between US$1 million and US$10 million depending on the stage of the company. (more…)
TECHCRUNCH: Last month, WeChat launched City Services in select towns across China. If you’re already a user of WeChat, simply change your location to one of the three pilot cities and the language to Chinese and you’ll be presented with a wide array of additional services that may be accessed from right within the app. (more…)
E27.CO: As more and more companies look to Singapore as their HQ, understanding how to incorporate a company in one of the most business-friendly locations in the world is now more important than ever.
To make life easier, the folks over at Rikvin put together this super comprehensive infographic on just that. Titled ‘All you need to know about incorporating a Singapore company‘, the infographic includes information on minimum requirements, documents needed, steps involved, as well as post-incorporation and related matters.
We have republished the full infographic below with permission from Rikvin for your researching pleasure. Scroll down to get all that free goodness.
See the infographic
E27.CO: Singapore can be called a business nation: values this country has contributed to the world’s economy have totally changed the way a business can be run. Singapore has led in the World Bank’s Doing Business Survey for years persistently proving its status of “the world’s easiest place to do business”. Everything in the country works for tremendous business results. (more…)
E27.CO: On the sidelines of LetsIgnite (an event organised for angel investors in India by online deal-making platform LetsVenture on April 22), leading VC funds like IDG Ventures and Lightspeed Venture Partners told e27 that fin-tech is the next industry — after consumer Internet — that is poised to see the most number of actions in the coming years. Bangalore-based seed-stage VC fund AngelPrime has sensed this opportunity early on and invested US$500,000 in city-based happay, a startup which makes expense management cashless, paperless and mobile. (more…)
TECHINASIA: Alibaba wants its merchants to ditch their PCs. The ecommerce titan has rolled out new tools into its Taobao mobile app (pictured above) that allow the marketplace’s 8.4 million annual active merchants to run their stores solely from their phones. (Update: Swapped in the latest stat for Taobao sellers; the original article stated 7 million.) (more…)
WIRED: Hugo Barra had a pretty good job—I mean, assuming you consider building the most popular mobile platform in the world to be a pretty good job. As global product lead at Google Mobile and then at Android, Barra served near the top of a division that essentially built an industry-defining business from scratch. A prominent spokesperson, he came to be personally identified with Android’s global domination. So when he left Google in September 2013 for Xiaomi, a scrappy Chinese phone manufacturer that was best known for its CEO’s slavishly Steve Jobs–aping keynotes, the popular reaction fell somewhere between bemused and befuddled. Some wondered if a widely reported love triangle involving Barra’s girlfriend and Sergey Brin was to blame. The phrase “little known outside of China” seemed to come up a lot. (more…)
TECHCRUNCH: CompareAsiaGroup, which runs websites that help users find financial services, has raised a $40 million series A led by the Goldman Sachs Investment Partners team. Other investors include Nova Founders Capital (a venture firm that is also one of CompareAsiaGroup’s founders), Jardine Pacific, Ace & Company, Route 66 Ventures, Zynga-founder Mark Pincus, and Owen Van Natta, who has held senior positions at Facebook and MySpace. CompareAsiaGroup’s total raised to date is now about $45 million, including an earlier seed round. (more…)