Download the map by StartupAlliance
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…)
WIRED: It’s the perfect Internet strategy: Position yourself at the mouth of a datastream, then get people to feed into it. Take Google: Because it grows anytime someone surfs the Internet, the company invests huge amounts of time and money making it easier for people to log on—going so far as laying miles of fiber-optic cable in Kansas City and delivering Wi-Fi via high-altitude balloon in Australia. Or Amazon: Because it’s become many shoppers’ default service for online purchases, the company has flooded the market with cheap devices—from Kindles to voice-controlled speakers—to capture every stray consumerist desire. Alibaba, for its part, had the largest IPO in history because the hugely popular retailer benefits almost anytime someone in China spends money online. So now it’s trying to pump even more money into China’s online economy, by introducing the country’s consumers to the tools of modern finance. (more…)
E27.CO: Hong Kong-based payroll solution company Salarium has partnered with PyxPay, a mobile payment firm, in an attempt to increase its service offerings. With this, the former will have an e-wallet that can pay employees anywhere in the world. It also recently partnered with e-money providers in several ASEAN countries for local payments. (more…)
TECHINASIA: Meeting Capital Match co-founders Pawel Kuznicki and Kevin Lim, it feels like they are well on their way to bridge the gap between a technology company and big finance. Dressed in button-up shirts and dark trousers, I get the feeling they’re going to advise me about loans rather than discuss setting up a tech startup. It’s a good thing, then, that they are here to do both. (more…)
TECHINASIA: When JPMorgan Chase CEO Jamie Dimon told the banks’ shareholders that Silicon Valley “[wants] to eat our lunch” – alluding to how tech startups are slowly taking away business from them – he’s not alone in that belief. Banks are feeling the heat from startups, which are working on various alternatives to traditional banking. Some banks are not taking it sitting down. (more…)
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…)