Southeast Asia
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Razer makes virtual currency push with $20M investment in Asian payment firm
Razer has invested close to $20 million into Malaysia-based online payment firm MOL Global as part of a push to establish its virtual currency for gamers in Asia. The deal sees Razer subsidiary ZV-Midas buy equity from existing backers MOL Investment and Hotel Resort Enterprise in a deal that values the MOL Global business at around the $100 million mark. Gaming company Razer, which made… Read More
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Swingvy raises $1.1M to give HR staff in Southeast Asia a break from paperwork
Human resources paperwork is never fun to take care of—especially if it’s literally on paper. Swingvy co-founder Jin Choeh says that in Southeast Asia, many small businesses are still stuck with physical spreadsheets and piles of forms. Swingvy wants to help them with affordable cloud-based software. The South Korea and Malaysia-based startup just raised $1.1 million in seed funding… Read More
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Neumob Wants To Increase Mobile App Speeds In Southeast Asia
Millions of people in Southeast Asia are going online for the first time through their smartphones. The region’s “mobile-first” approach makes it especially attractive for e-commerce, social network, and gaming companies—when their apps work, that is. Unfortunately, users are often frustrated by slow connection speeds. Neumob, a service that decreases load times for… Read More
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The Unicorns Of Southeast Asia
I have spent most of my life living and traveling in Southeast Asia; the last two years as the mentor to Asian startups. Southeast Asia — home to 620 million people across 11 countries — has been skyrocketing with tremendous growth; case in point, the 16 percent increase in Aggregate Investment Deal Value, to US$1.05 billion in 2014. Read More
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Why Southeast Asia Is Leading The World’s Most Disruptive Mobile Business Models
Earlier this summer, more than 35,000 industry leaders gathered at Mobile World Congress Shanghai 2015 to discuss the future of mobile, making it the largest-ever mobile-focused event in Asia. I was joined by peers from Netflix, Line, Ola Cabs, Flipkart and Twitter to discuss future business models for the mobile Internet. Most of this discussion steered towards China and India, but I was there… Read More
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How Gulf Countries Can Ignite Their Startup Revolution
There is hardly a day that passes without a new major initiative, announcement or bold proclamation by the Gulf economies of United Arab Emirates, Kuwait, Oman, Qatar, Bahrain and Saudi Arabia to promote tech startups in the region. Be it incubators, investment funds or free zones, you name it and they have it. Read More
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London’s Passion Capital Raises $69M For Its Second Early Stage Fund
London-based Passion Capital has raised a second fund for investing in early stage U.K.-based startups — today announcing a coffer of £45 million ($69M) to power its next phase of investments. Messaging App Firm Line Is Testing A $2 Per Month Music Streaming Service
Line, the Japanese messaging app with 205 million active users, is continuing its push into entertainment services after it began testing a standalone $2 per month music streaming app. Line Music is being trialled in Thailand, where Line has carried out a series of other pilots related to its shift into value-added services. The app is available for iOS and Android and is integrated into the… Read More
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