Wednesday, January 26, 2022

A Comeback to Remember

In January 2021, Singaporeans bid farewell to household name. Robinsons, the iconic 162-year-old department store, had shut it's doors to its flagship store in the city-state for the last time. The department store had announced on 30 October 2020 the closure of its last two outlets, saying the decision...
Audience Analytics, a publisher and awards organiser, is looking to raise S$5.5 million in an initial public offering (IPO) on the Catalist board as it seeks to expand its business in overseas markets and grow its product team. Audience Analytics organises awards such as the SME100 Awards and the HR...
Jungle Ventures raised $225 million in the first close of its fourth fund as the venture capital firm seeks to replicate its successes in startups across Southeast Asia and India. Many of its existing investors in previous funds backed the latest one, founding partner Amit Anand said in an interview....
WeWork, a global space provider, has launched WeWork Growth Campus, a new initiative aimed at boosting Southeast Asia’s entrepreneurial startup ecosystem. While Southeast Asia has seen some scale-ups rise to new heights during the pandemic, COVID-19 has presented a huge challenge for startups and the community that supports them. With...
A report by the Wall Street Journal on Monday (Aug 2) claims that the highly contagious Delta variant is stalling Asia's economic recovery after an early rebound. The report said that adding to rising COVID-19 cases, slow progress on vaccinations has begun to paralyze the region that had, until recently,...
Huawei announced its plan to invest US$100 million in startup support at the inaugural HUAWEI CLOUD Spark Founders Summit, which took place simultaneously in Singapore and Hong Kong. Huawei said the investment would go towards its Spark Program in the Asia Pacific region, which aims to build a sustainable startup...
Entrepreneurs - Is This The Right Time To Start A Business
At the moment with the never ending sight of the pandemic waning away, obviously there's a high degree of uncertainty in the world. For some though, in this unprecedented time, it's the perfect opportunity to start a business. Historically, after every financial crisis, innovation and creativity tends to spark new...
Asian shares fell on Friday, extending their biggest monthly drop since the height of global pandemic lockdowns last March on lingering investor concern over regulatory crackdowns in China on the education, property and tech sectors. Losses deepened even after reassurances from Chinese regulators and official media that helped to soothe...
Japan must boost aid to small firms which are seeking to raise wages as part of efforts to prop up spending on tourism, restaurants and other services hit by the COVID-19 pandemic, private-sector members of a key government panel said on Wednesday. A resurgence in infections led the government to...
Low-cost carrier AirAsia has stepped up its digital ambitions by acquiring tech behemoth Gojek’s operations in Thailand, but industry watchers say the airline faces an uphill battle in Southeast Asia’s heated superapp competition. The all-share deal will see AirAsia take Gojek’s ride-hailing and payments businesses in Thailand, which are worth...
Foreigners turned net sellers of Asian equities in June for a second consecutive month, as growing inflationary pressure and a spike in coronavirus cases in the region tempered risk appetite. Cross-border investors sold a combined net total of $725 million worth of equities last month in South Korea, Taiwan, the...
Delivery Hero SE’s Foodpanda has grown into the biggest food-delivery app in Asia, excluding China, and envisions further expansion in areas such as groceries, said Jakob Angele, its head for the Asia-Pacific region. “Not only during the Covid period, but also years before Covid, we saw year-after-year multiplying growth rates,”...

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