Done betting, Alibaba is getting down to work in Southeast Asia as it bids to lead the region’s promising e-commerce space and maximize its early mover advantage over Amazon. Alibaba became the first major international player to enter Southeast Asia, a region with more than 600 million cumulative consumers, when it bought a majority stake in Lazada, the Rocket Internet-backed… Read More
 Amazon has postponed its much-anticipated entry into Southeast Asia. The company initially planned to launch local e-commerce services in Singapore during the first quarter of this year, as we reported in November, but two sources with knowledge of the plans told TechCrunch that the schedule has slipped to “later this year”. Amazon did not respond to multiple requests for… Read More
Suppose you want to compare loans, credit cards, or insurance plans. Depending on where you live, your destination would be different: Moneysmart in Singapore, Cermati in Indonesia, or RinggitPlus in Malaysia. Look at how complicated the financial comparison landscape is in Southeast Asia: Now, on the surface, RinggitPlus doesn’t stand out – except that it claims to be the number one player in Malaysia, an assertion iMoney would challenge. But Jirnexu, the company behind the website...
NEW DELHI: Prime Minister Narendra Modi will dedicate to the nation Asia's longest bi-directional road tunnel on the Jammu-Srinagar National Highway on April 2, which will cut down travel time between the two by two hours.      The Rs 2,519-crore all-weather tunnel is equipped with world-class safety features and has been built in a record four years on the hilly terrain of Jammu and Kashmir, Road Transport and Highways Minister Nitin Gadkari said at a press meet here.  ...
Photo credit: Pexels. Technology is rapidly changing the way people view so many aspects of their lives From IoT to data management, healthtech is quickly becoming prevalent. Smartphone apps can help manage chronic illness or mental health. IoT can help of the elderly. We can even prevent the onset of illnesses with the right data and employ preventive measures. This growth is evident in Asia, where investments in Asian health startups jumped from 21 deals in 2013 to 136 in 2016, according to th...
Photo credit: Pexels. When you think of insurance, certain things come to mind. The overbearing smell of coffee when meeting your own insurance agent for one, or the ink fumes after filling in the long insurance plans. For better or worse, convoluted insurance plans are a feature in our daily lives. Insurtech, a relatively new buzzword, is making its mark in the West. According to a recent Burnmark report, telematics – the act of transmitting computerized information – has helped mor...
Here’s our newest round-up of the featured startups on our site this week. If you have startup tips or story suggestions, feel free to email us. Enjoy this week’s list! 1. Ematic | Singapore (Startup Profile) Singapore-based Ematic’s online intelligence platform integrates into a business’ email service and produces insights to help target its communications better. A suite of tools helps it analyze data and design more effective marketing campaigns. 2. Homage | Singapore (Startup ...
Netflix’s latest TV show Iron Fist has received widespread criticism for casting a white actor for its main character. Despite staying true to its comic book origins, critics claim that the role should have gone to an actor of Asian descent. Its actor, Finn Jones, was recently hounded off Twitter for defending the show. The latest fury about the show comes not from its content but from its advertising. It is being condemned for using two of the most well-known gamers in the fighting video game...
THE taxi-driver parks in the way a drunkard falls asleep: suddenly, with little regard for his surroundings. He leaps from his cab, eyes alight with anticipation, striding toward Jae Deh. She shouts at him, pointing at the bucket of bones at her feet: “You’re late! All finished!” The cabbie, who has the gelled hair, tinted aviator glasses and raspy voice of a low-level mafioso from New Jersey, staggers backwards as though he’s been shot: “I’ve been coming here for ten years! You didn...
ASIA-PACIFIC cities have some way to go to match their European and North American counterparts regarding intensity of investment even though they are increasingly sought-after real estate investment destinations, said a report released by property service provider JLL. Only four cities in the region — Sydney, Melbourne, Hong Kong and Tokyo — managed to inch into the top-30 list, which ranks cities around the world by measuring the volume of direct commercial real estate investme...
It’s raining chefs in India. And the best ones, at that. This month, Four Seasons, Mumbai, and The Oberoi, Gurgaon, are individually flying down chefs for gourmet pop-ups. Here’s what to expect. 1/6   ...
TOKYO (AP) — U.S. Secretary of State Rex Tillerson said Thursday cooperation with allies Japan and South Korea is “critical” to addressing the threat from North Korea’s nuclear and missile programs. Tillerson was speaking as he met with Japanese Foreign Minister Fumio Kishida on his first trip to Asia as the top U.S. diplomat. North Korea is expected to top the agenda at Tillerson’s talks in Tokyo. Last week, North Korea test-fired four missiles that landed in oc...
Photo credit: Pexels. IFC, a member of the World Bank Group, today announced a US$2 million equity investment in SeedPlus, a seed stage venture fund based in Singapore, to support early stage technology entrepreneurship in Asia. SeedPlus is a collaboration between four investment firms – Jungle Ventures, Infocomm Investments, Accel Partners, and RNT Associates. It reportedly has a fund size of US$20 million, though the firm told Tech in Asia last year that the actual size is still being finali...
(TOKYO) — On his first trip to Asia as top U.S. diplomat, Rex Tillerson wants to forge cooperation with Japan, South Korea and China against the nuclear threat from North Korea and demonstrate “America First” does not mean a U.S. diplomatic retreat from the volatile region. Tillerson will find shared anxiety at the North’s saber-rattling but less agreement about how to deal with it, and unresolved questions about how the United States and China, the world’s two la...
The Hubert Burda Media tower in Offenburg, Germany. Photo credit: Pascal-Oliver Horn. Hubert Burda Media, the Germany-headquartered media empire, is no stranger to Southeast Asia. The firm has joined funding rounds and even venture capital funds as limited partner. The print and online media company employs over 10,000 people globally and reported a revenue of US$2.35 billion in 2015. Now the firm’s investment arm, Burda Principal Investments, has started a dedicated investment team in Singapo...
(WASHINGTON) — Secretary of State Rex Tillerson plunges this week into the increasingly volatile situation in North Asia with visits to Japan, South Korea and China, the region’s central players for dealing with North Korea’s missile launches and nuclear tests. Complicating the mission are Chinese concerns about how the U.S. has responded so far. Beijing strenuously objects to the initial deployment to South Korea of a U.S. missile defense system. One of Tillerson’s chi...
U.S. Vice President Mike Pence will visit Japan and Indonesia next month, sources said on Monday, as part of an Asian tour amid concerns the Trump administration is rolling back Barack Obama’s “pivot to Asia.” U.S. President Donald Trump has already withdrawn from the Trans-Pacific Partnership (TPP) trade agreement, which was seen as an economic pillar of the strategy. The tour will also include South Korea and Australia, the Nikkei Asian Review reported, with North Korea’...
Here’s our newest round-up of the featured startups on our site this week. If you have startup tips or story suggestions, feel free to email us. Enjoy this week’s list! 1. BloomThis | Malaysia (Startup Profile) BloomThis delivers unique artisan flowers in a bespoke box on-demand and on a subscription basis. The flowers come straight from the farms. The startup claims to have seen a 1,200 percent surge in sales for the past year. 2. Amartha | Indonesia (Startup Profile) To improve acc...
Chipotle Mexican Grill will be shuttering all its ShopHouse Asian Kitchen Locations. According to a Thursday report from Nation’s Restaurant News, citing a Chipotle spokesman, Chipotle cmg plans to close all 15 ShopHouse restaurants effective March 17. "We now have a deal in place to sell the ShopHouse leases and believe that is the right decision at this time," spokesman Chris Arnold wrote in an email to Nation's Restaurant News. Still, ShopHouse em...
The U-FLY alliance has five airline members in China, Hong Kong and South Korea. The livery is now on two aircraft, one on West Air and the one pictured is on an HK Express plane. U-FLYSkift Take: Making history as the world’s first low-cost carrier alliance is one thing. Will history judge the U-FLY alliance, comprising five LCCs in North Asia, as a game-changer that’s able to get fiercely independent players to work together? — Raini Hamdi Editor’s Note: Skift launched a new seri...