At the recent 9th MTI Economic Dialogue, Minister for Trade and Industry, Mr S Iswaran, highlighted a number of trends which are changing industries and creating new opportunities for the economy of Singapore:
A dozen years ago, the largest internet company in China wasn’t Alibaba or Tencent, but game developer Shanda Interactive Entertainment Ltd. Its founder was a young man named Chen Tianqiao, who had become a billionaire at 30.
It has been an interesting few months in the Fintech/E-commerce space. Just recently, Alibaba announced another US$1 billion investment into Lazada, slightly over a year after it invested its first US$1 billion into the company. The investment into Lazada presents a beachhead for the Chinese internet juggernaut to extend its influence over the Southeast Asian tech scene.
Southeast Asia’s banks have long been spared the competitive onslaught that saw their peers in China cede that nation’s giant payments market to Ant Financial and Tencent Holdings Ltd. That’s about to change. An analysis article published by Bloomberg said.
Payment systems have come a long way since 700 BC when the first metal coins were used as a method of barter. What is holding back mobile payments — or paying by phone — in Indonesia? It uses a device we are already carrying and it works well in Europe, China and even Africa.
Aseantoday published an analysis article on aseantoday.com and pointed, Grab will no longer just be a ride hailing service. Based on their appetite for growth and the companies they have been acquiring, Grab will morph into payments, fintech and e-commerce.
Young startup entrepreneurs must understand the market and have clear and serious business objectives in order to survive, say business leaders.
While many analysts expect Netflix to dominate the Asian landscape, as it has done in most of the western world, they should be mindful of a number of problems the video streaming conglomerate will face; namely from companies like iflix. Iflix is the largest subscription video streaming service in Southeast Asia. It is likely to retain this position for the …
Since it launched in 2011, Snapchat has established itself as one of the top social media platforms—especially among young people. The popular video messaging service went public Thursday under the name Snap Inc. It’s the largest tech IPO since Alibaba in 2014.
Danian Chen is the founder, director and COO of Shanda, as well as Chairman of the Board, founder and CEO of Shanghai Zenmen. In addition, Mr Chen is the CEO of Shanghai LinkSure Network Technology whose leading mobile APP- WiFi Master Key serves 900 million users globally to date. He published the letter on Chinese New Year’s Eve 2017.