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932

Samsung’s Answer To Apple Pay Is Coming In The Second Half Of This Year

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…)

InspirAsia, Korea, Mobile payments/banking

May 1, 2015

1458

Does Crowdfunding Have A Future In Indonesia? We Take A Look At Five Crowdfunding Sites

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…)

Crowdfunding/investing, Indonesia, InspirAsia

May 1, 2015

699

New Horizons. Beijing

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…)

China, InspirAsia

April 30, 2015

1008

Accenture and FIs kick off Apac Innovation Lab programme

FINEXTRA: Accenture and a group of 10 leading financial institutions today opened the application period for the second class of the FinTech Innovation Lab Asia-Pacific, kicking off a competitive search for the top financial technology (fintech) innovators in the region. (more…)

Fintech news, Hong Kong, InspirAsia, news

April 30, 2015

898

P2P Lending Scams Jumped 11-Fold In China Last Year, On Track For Even More In 2015

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…)

China, InspirAsia, p2p/online lending

April 29, 2015

683

Alibaba to Put Cap on Head Count

The Wall Street JournalAlibaba Group Holding Ltd. Executive Chairman Jack Ma said the Chinese e-commerce giant has been expanding too quickly, and that he plans to cap the size of the company’s workforce at current levels for the time being. (more…)

China, InspirAsia

April 29, 2015

1379

Unitary Asian Cryptocurrency Would Revolutionise Fintech: Life.SREDA’s Vladislav Solodkiy

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 Solodkiywho is also the Chairman of the Board of LifePay Global, which provides mPos services across CIS and Asia Pacific markets.Edited Excerpts (more…)

Columns, Cryptocurrencies, Influences FinTech, InspirAsia, Singapore

April 28, 2015

3592

Philippines Pushing For Cashless Society, But It’s A Long Way Off

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…)

InspirAsia, Philippines

April 27, 2015

752

2C2P Raises $7M To Bridge The Payment Gap In Southeast Asia

TECHCRUNCHPayments 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…)

Deals, Fintech news, InspirAsia, Mobile payments/banking, Singapore

April 27, 2015

712

Freelancer Gets Into ePayments With $7.5M Deal To Acquire Escrow.com

TECHINASIA: Freelancer, the Australia-based platform that connects freelancing professionals with small businesses around the world, today announced it’s diversifying with the acquisition of US-based epayments service Escrow.com for US$7.5 million. (more…)

Deals, InspirAsia

April 27, 2015

2182

Xiaomi Boosts Its Business In India With Strategic Investment From Tata Sons Head

TECHCRUNCH: Xiaomi is making a push to be a local player in India. Days after unveiling its first phone customized to the South Asia country (the impressive $205 Mi 4i), Xiaomi announced that it has taken investment from leading Indian businessman Ratan Tata. (more…)

India, InspirAsia

April 27, 2015

2220

Consumer Internet Continues To Lead In India; Fin-tech The Next Big Wave

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…)

India, InspirAsia

April 24, 2015

3378

2676

Life.SREDA To Pour US$90M In Asian Fin-Tech Startups Over Next 6 Months

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…)

Fintech news, Hotnews, InspirAsia, Singapore

April 24, 2015

1689

Cheaper Robots, Fewer Workers

The New York Times:  Faced with an acute and worsening shortage of blue-collar workers, China is rushing to develop and deploy a wide variety of robots for use in thousands of factories. (more…)

China, InspirAsia

April 24, 2015

1795

Why WeChat City Services Is A Game-Changing Move For Smartphone Adoption

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…)

China, InspirAsia

April 24, 2015

2072

Baidu invests $11M in restaurant management platform to bring more local businesses under its wing

TECHINASIA: Restaurant management software-as-a-service startup Keru Cloud today announced it has secured RMB 66 million (US$10.7 million) in series B funding led by Baidu and Tianxing Capital (hat-tip to 36kr). Fangjinglin Investment and Kaixing Capital also participated in the round. (more…)

China, Deals, InspirAsia

April 24, 2015

1731

Xiaomi-backed P2P loans startup Jimubox secures $84M series C funding

TECHINASIA:  Peer-to-peer lending startup Jimubox has just secured $84 million in series C funding. It comes seven months after the Beijing-based firm attracted US$37 million from Xiaomi and ShunWei Capital, a venture capital fund headed by the phone maker’s founder, Lei Jun. (more…)

China, Deals, InspirAsia, p2p/online lending

April 23, 2015

2093

Hong Kong’s Nest Partners With DBS Bank In New Fin-tech Accelerator

E27.CO: The accelerator will be housed in a ‘newly-renovated 5,000-sq-ft workspace in the heart of Wan Chai’, with applications open until July 1 (more…)

Fintech news, Hong Kong, InspirAsia

April 23, 2015

1121

Incorporating A Company In Singapore In One Infographic

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

Influences FinTech, InspirAsia, Singapore

April 23, 2015

797

Smart Reasons To Bring Your Entrepreneurship To Singapore

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…)

Influences FinTech, InspirAsia, Singapore

April 23, 2015

654

With Fin-Tech Poised As The Next Big Thing, Payments Startup happay Bags US$500K

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…)

Deals, India, InspirAsia

April 23, 2015

1008

Path in Talks to Sell Social Networking App to South Korea’s KakaoTalk

RE/CODEPath is in serious talks to sell its original social networking app, known as Path Classic, to the makers of South Korean messaging app KakaoTalk, according to multiple sources familiar with the deal.
(more…)

Indonesia, InspirAsia

April 22, 2015

643

Alibaba Buys Movie Ticketing Software Company For $134M

TECHINASIA: Alibaba is continuing its foray into entertainment with a US$134 million purchase of Yueke Software engineering, a company that makes software for ticket booking and theater management. (more…)

China, Deals, InspirAsia

April 22, 2015

719

Alipay Wallet Follows WeChat With Launch Of City Service Payments

TECHINASIA: China’s tech giants are working hard to make sure that consumers use their phones to pay for things. Today Alipay Wallet, the Alibaba-affiliated mobile wallet, announced it now enables Chinese users to fulfill municipal fees in 12 cities. (more…)

China, InspirAsia

April 22, 2015

745

How Asia Uses Bitcoin In One Color-Coded Map

TECHINASIABitcoin is a global phenomenon, but not everyone around the world uses it in the same way. Here in Asia, the way a person from the Philippines uses bitcoin is probably very different from how it’s used in Thailand, and both are very different from the typical user in Taiwan. (more…)

Cryptocurrencies, InspirAsia

April 21, 2015

575

Alibaba Wants Its Merchants To Ditch PCs, Just Use Smartphones

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…)

China, InspirAsia

April 21, 2015

657

Xiaomi’s Smart Strategy to Design Phones for Everyone

WIREDHugo 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…)

China, InspirAsia

April 21, 2015

645

TradeGecko raises $6.5m Series A round from NSI & Jungle Ventures

DEALSTREETASIA: Singapore-based startup  TradeGecko, a B2B web-based inventory and order management software provider for independent brands and their retailers, has raised $6.5 million in a Series A round from  local venture capital firms NSI Ventures and Jungle Ventures (more…)

Deals, InspirAsia, Singapore

April 21, 2015

619

Consumer Finance Startup CompareAsia Scores $40M Series A Led By Goldman Sachs

TECHCRUNCHCompareAsiaGroup, 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…)

Deals, InspirAsia

April 21, 2015