Though WhatsApp has 1.2 billion users globally, it faces a lot of competition in the Southeast Asia region in particular, on account of other high-profile platforms with competitive services and consumer bases.
Statistics from US-based research body CB Insights show that non-US unicorn startups commanded a 50% share of total global unicorns as of the end of August 2017, sharply up from only 37% as of the end of 2014, indicating the US is no longer a dominant country in nurturing startups.
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 …