May 24, 2019
Luckin leaves bitter aftertaste, now trading below IPO price
In the first few days following Luckin Coffee’s initial public offering, the stock chart for LK looked like a roller coaster. Now it’s looking more like a free…
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Category: <span>Asia</span>
Practical computer-repair, security, maintenance, and small-business IT information from 1010Computers.
May 24, 2019
Why Luckin’s ultimate target may not be Starbucks
Starbucks plans to double its store count in China to 5,000 in 2021 and Luckin, a one-year-old coffee startup, is matching up by aiming to reach 4,500 by…
Read articleMay 23, 2019
Indian PM Narendra Modi’s reelection spells more frustration for US tech giants
Amazon and Walmart’s problems in India look set to continue after Narendra Modi, the biggest force to embrace the country’s politics in decades, led his Hindu nationalist Bharatiya…
Read articleMay 22, 2019
These startups are locating in SF and Africa to win in global fintech
To become a global fintech player, locate your company in San Francisco and Africa. That’s the approach of payments company Flutterwave, digital lending startup Mines, and mobile-money venture…
Read articleMay 21, 2019
ByteDance, TikTok’s parent company, plans to launch a free music streaming app
Does the overcrowded and cut-throat music streaming business have room for an additional player? The world’s most valuable startup certainly thinks so. Chinese conglomerate ByteDance, valued at more…
Read articleMay 21, 2019
IDC: Asia-Pacific spending on AI systems will reach $5.5 billion this year, up 80% from 2018
Spending on artificial intelligence systems in the Asia-Pacific region is expected to reach $5.5 billion this year, an almost 80% increase over 2018, driven by businesses in China…
Read articleMay 17, 2019
At this point, SoftBank Group is really just its Vision Fund
Last week, SoftBank Group Corp. — Masayoshi Son’s holding company for his rapidly expanding collection of businesses — reported its fiscal year financials. There were some major headlines…
Read articleMay 16, 2019
GetYourGuide picks up $484M, passes 25M tickets sold through its tourism activity app
As we swing into the summer tourist season, a company poised to capitalise on that has raised a huge round of funding. GetYourGuide — a Berlin startup that…
Read articleMay 15, 2019
India’s ride-hailing firm Ola is now in the credit card business, too
A day after India’s largest wallet app Paytm entered the credit card business, local ride-hailing giant Ola is following suit. Ola has inked a deal with state-run SBI…
Read articleMay 14, 2019
India’s largest mobile wallet company Paytm now offers a credit card
Paytm, India’s largest mobile wallet app, has branched out to several businesses in recent years as threat from Google and Facebook grows. On Tuesday, it added another category…
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