E-commerce
China is going cashless, no doubt. Chinese consumers spent a total of USD 5.5 trillion via mobile payment platforms last year, or simply put it was about 50 times more than their American counterparts (around USD 112 billion), according to data from Forrester Research and iResearch.
Indonesia
Indonesian co-working startup ReWork has raised $3 million in a pre-series A financing led by ATM Capital and Convergence Ventures. China’s co-work unicorn UrWork, Social Capital, Fortune Union Investments, ACE Capital as well as new and existing investors participated in the round.
Startup
Singapore-based social music startup BandLab Technologies has acquired Chew.tv, the London-based livestreaming service described as “Twitch for DJs”, the company said on Thursday.
E-commerce
Tech startup Razer Asia Pacific Pte Ltd on Thursday had submitted its proposal for unified e-payment system. Two weeks after accepting the challenge of Prime Minister Lee Hsien Loong via Twitter, Razer founder and chief executive Tan Min-Liang has finally presented the proposal of what it called RazerPay.
Startup
Singapore’s Vulpes Investment Management Pte Ltd (VIMIC) has announced an investment in Bindez, a search engine and discovery platform based in Yangon.
Malaysia
China’s bike-sharing startup Mobike announced today the launch of its dockless bike-sharing service in Shah Alam, the capital of Malaysia’s Selangor state.
Malaysia
Uber Malaysia has introduced two new services, UberFLASH and UberTaxi to its users in the Klang Valley.
Talk
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:
E-commerce
Indonesian O2O e-commerce startup Kioson is set to announce its IPO at the Indonesian Stock Exchange (IDX) on Thursday, according to a report from e27.co.
Mobile
WhatsApp will eventually charge companies to use some future features in its two free business tools it started testing this summer, WhatsApp’s chief operating officer, Matt Idema, said in an interview.
