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Photo credit: Spotify. Spotify has acquired New York-based startup Mediachain to improve its artist attribution and royalties collection efforts. Mediachain was developing peer-to-peer database technology using the blockchain. It helped attribute media works to their creators and reward them accordingly. Unpaid royalties and the lack of standardization in attribution of works to artists is a constant headache for Spotify and other streaming services. Spotify recently had to pay around US$25 mil...
Photo credit: Cuneopost. Microsoft took six months to investigate and patch a flaw in the way Microsoft Word processes documents from another format. An ethical hacker exploited the flaw and alerted Microsoft last October. Instead of an immediate patch, the company took time to find a comprehensive solution. Hackers got wind of the bug in January and used it to spy on political figures and military personnel in Russia and Ukraine. This stayed under the radar, but in March a financial hacking so...
The news: McDonald’s is expanding its collaboration with Uber’s food delivery service, UberEats, to more cities in the US this quarter after a pilot run in Florida. The fast food chain piloted delivery via UberEats in Hong Kong in March. A news report says that a trial in Australia is being set up. But an Uber spokesperson tells Tech in Asia the company has nothing else to announce for the region. Why it matters: McDonald’s is a ubiquitous fast food chain, which makes it a ...
The internet has made life a lot easier by streamlining communication channels. But the emergence of ecommerce sites spell a different story altogether. Beyond providing a diverse portfolio of products that can easily be bought online, ecommerce has also inspired creativity among individuals to come up with industry-specific or need-based online solutions. The beauty of convenience speaks to us at multiple levels—be it the food we eat, events we plan, or even the clothes we want to buy. Luckil...
Photo credit: Ofo. Didi, China’s top ride-hailing app, just added bicycles to its line-up. The bright yellow bikes come courtesy of Ofo, a startup that Didi invested in seven months ago. Ofo is one of a number of startups in China that want to make bicycles great again. They’ve bought huge fleets of bikes, each painted them a distinctive color, and made them accessible for rent through an app for as little as US$0.15 per hour. But there’s also been a dark side to the bike-shari...
TransferWise CEO Taavet Hinrikus during a World Economic Forum event in Tianjin, China, in 2016. Photo credit: World Economic Forum / Sikarin Thanachaiary. Online money transfer startup TransferWise announced today it is setting up its Asia-Pacific hub in Singapore. The Singapore office will be in business by next week, starting with eight employees. The company hopes to have that number up to 30 by the end of the year. It will be hiring for a variety of roles including engineering, operations, ...
A big UK mobile provider is about to kill of a whole list of old email domains. We look at what can go wrong when old email addresses die.
Photo credit: tomwang / 123RF Stock Photo. People love to splurge on games in app stores, even as other apps struggle to make money. But this is starting to change as companies figure out ways to monetize their non-game apps, says a new report from mobile market research firm Newzoo. The share of revenue for non-game apps in app stores worldwide rose marginally from 15 percent in 2015 to 16 percent last year. But it’s projected to accelerate by 30 percent annually to reach nearly a quarter of ...
It takes only three pieces of personal information to steal your identity - here's our guide to protecting yourself on Facebook
DJI’s latest accessory, the unambiguously named Goggles, pretty much explains itself. The bulky but otherwise minimalistic gadget streams the view from a DJI drone’s camera in real-time. What this First-Person Viewer (FPV) offers is the ability to control the camera’s view with your head’s movements. This effectively eliminates the nausea commonly caused by FPVs that only offer static views. Don’t expect this convenience to come cheap though. This post Video: DJI&#...
Photo credit: tykhyi / 123RF Stock Photo Since 2015, the prominence of expert stages at Tech in Asia conferences has been steadily increasing. They are filled with practical, how-to advice on everything ranging from brand strategy and revenue planning to corporate investment and stock option negotiation. Attendees love it – almost every session is standing room only. But we have frequently heard one particular point of user feedback. “Can we get the same content for startups past series A?...
Photo credit: briangoodman / 123RF. South Korean ecommerce startup Ticket Monster has pocketed US$115 million in funding, it announced today. The cash is from Simone Investment Managers and previous investors, reports TechCrunch. This Ticket Monster doesn’t sell tickets and is not to be confused with the other Ticket Monster which does actually sell tickets. All clear? Good. Ticket Monster, sometimes shortened to TMON, hit a US$1.5 billion valuation with its 2016 funding, but this latest ...
While there are still victims of ransomware who feel they have no option but to pay up, we'll continue to focus on it
Photo credit: Tencent Cloud. Chinese social and gaming giant Tencent – now the tenth largest company in the world – is ramping up expansion of its cloud business, which has so far lagged behind Alibaba, the market leader in China. Tencent’s cloud services unit, Tencent Cloud, announced today the addition of five new overseas data centers in Frankfurt, Mumbai, Seoul, Moscow, and Silicon Valley, which officially opened yesterday. These new data centers will primarily serve cross-...
LastPass has been in the news again for another chink in its armour - though it has now been fixed, you'll be glad to hear
So yes. An actual flying car is available for pre-order right now. It’s not quite Anakin’s speeder or Doc Brown’s hover-converted car, but it should tide us over until those become a reality. The price? US$1.3 million. That amount of money is enough to get you a luxury sports car from McLaren or Koenigsegg, but last we heard, neither of them can take off and land without putting you in extraordinary danger. This post Video: Soar over traffic in this flying car appeared first o...
Representatives of SGInnovate and East Ventures at the announcement of their collaboration in Jakarta, along with Singapore’s minister of trade and industry. Tenants of the network of co-working spaces EV Hive, based in Indonesia, now also have access to the facilities of Singapore’s startup space BASH, and vice versa. The collaboration, announced yesterday, is part of a growing number of initiatives that connect both country’s startup ecosystems. Perfect match It’s more than sharing...
Photo credit: krunja / 123RF. Singapore’s Intellectual Property Office (IPOS) and private equity firm Makara Capital Partners are setting up the Makara Innovation Fund, a S$1 billion (US$718 million) investment vehicle for companies with “globally competitive technologies.” The fund will invest between US$21.5 million and US$108 million in 10 or 15 startups in the next eight years. The initiative makes IPOS into a vehicle for commercializing Singapore’s intellectual prop...
CarPal team. Image credit: CarPal. Ecommerce is a tidal wave that’s supposedly responsible for the current retail doldrum and empty shopping malls. Singapore-headquartered startup CarPal, however, wants to help businesses large and small tap the rise of online shopping – and perhaps stand up to the likes of Amazon and Alibaba. The startup has announced raising a US$2.75 million round led by undisclosed private equity investors. Existing backer RB Investments has doubled down. CarPal ...