This post was originally published on this site The payment industry is a fragmented one. In Singapore, there are more than 500 payment companies, with some providing just remittance services to major international or listed companies with multiple payment solutions. The smaller payment companies often focus on just one or two payment solutions (e.g. QR […]
Visionaries clash over idealism while tech industry embraces Web3’s game-changing potential
This post was originally published on this site (This article was first published on February 07, 2022 ) With decentralisation quickly becoming the catchword, Web3 is drawing significant attention worldwide. However, the concept is also drawing some criticism from several quarters, including visionary founders like Jack Dorsey, who feel Web3 is too ‘idealistic’ and that […]
Why Singapore’s traditional sectors need a digital makeover
This post was originally published on this site Singapore’s recent annual Budget 2022 made clear that the government is laser-focused on reinforcing the digital backbone of all local businesses. Yet it also warned that the time for twiddling thumbs to digital transformation is over; action is needed now, especially for traditional sectors. With the pandemic […]
Twitch to exit South Korea in 2024 over high network costs
This post was originally published on this siteIn 50 Words: The livestreaming platform said that its operating costs in South Korea are 10x higher than in most other countries.
India-based ZestMoney to close after unsuccessful sale
This post was originally published on this siteIn 50 Words: The buy now, pay later startup was once valued at US$445 million, having companies like Goldman Sachs as investors.
Elon Musk’s xAI start-up seeks to raise US$1 billion in equity
Elon Musk’s artificial intelligence company xAI is seeking to raise US$1 billion in funding from equity investors, with nearly US$135 million already raised, according to a new filing.
Thriving under pressure: Navigating tech teams through stress
This post was originally published on this site In the whirlwind of the tech startup ecosystem, teams constantly race against time, grappling with tight deadlines and fierce competition. This high-pressure environment, while fueling urgency and focus, can paradoxically dampen the very innovation it seeks to accelerate. The question is, how do startups navigate this challenging […]
Elon Musk’s AI startup seeks $1b in equity offering
This post was originally published on this siteIn 50 Words: The OpenAI competitor has raised US$134.7 million so far, according to a filing with the US Securities and Exchange Commission.
AI in influencer marketing: Transforming trends and shaping the future
This post was originally published on this site In the ever-evolving landscape of influencer marketing, a remarkable transformation is taking place. Talent agencies, once the gatekeepers of human influencers are now turning to artificial intelligence (AI) to reshape their business models. The synergy between AI and influencer marketing is unlocking unprecedented possibilities, and the data […]
Balancing revenue, impact remains the top challenges faced by social impact startups
This post was originally published on this site Startups of the first cohort of the Sustainable Impact Accelerator The theme of social impact is taking over the centre stage in the Southeast Asian (SEA) tech startup ecosystem this year, with social enterprises being in the spotlight, but challenges remain for companies that are working in […]
JD.com accuses wealth manager Noah of ensnaring it in years of ‘malicious lawsuits’ as fraud case moves to Shanghai court
JD.com says that suit brought against it by Noah’s asset management unit has misled investors and the public, while Gopher Asset says it will defend its ‘legitimate rights’.
Chinese automotive chip manufacturers plan to invest billions in Hong Kong amid city’s push to reindustrialise
Hong Kong’s push to boost local advanced manufacturing is gaining traction, according to government officials, as the Asian financial centre endeavours to diversify its economy.