Tokopedia’s William Tanuwijaya speaking on stage at TIA Jakarta 2016.
Jack Ma’s Alibaba has led a US$1.1 billion investment in Indonesia’s Tokopedia, further accelerating the Chinese giant’s expansion into Southeast Asia.
Alibaba already controls ecommerce firm Lazada, a leader in six markets in the region.
Founded by William Tanuwijaya in 2009, Tokopedia has been dubbed Indonesia’s Taobao – Alibaba’s consumer-to-consumer marketplace. It lets sellers and buyers connect directly through its platform, with Bukalapak as its closest competitor in the archipelago.
The company raised US$100 million from SoftBank and Sequoia in 2014. Beenos, East Ventures, and CyberAgent Ventures are among...
Asus has just announced the Zenfone 4 range at an event in Taipei, Taiwan, consisting of six smartphones. The handsets were introduced alongside the tagline “We love photo,” so, as you would expect, these devices all have a particular focus on camera tech. We’ve got specs and price details for most of the handsets, as well as some well-produced video promos for all but one of them. Here’s the lowdown on what was introduced.
Beginning with the Zenfone 4, this is the main device in the series and likely the one which will be sold in the most locations. It features a 120-degree wide angle lens for broader images and is said to perform well in low light...
Alibaba, China’s top online shopping company, is now seeing the fruits of its recent forays outside of its home country.
Jack Ma’s company pulled in a record US$389 million from its marketplaces outside China from April to June, it said this evening in its newest earnings report. That’s up 136 percent from the year prior.
“The increase was primarily due to the growth in revenue generated from Lazada and AliExpress, driven by robust GMV growth” – that means how much people are spending – “in these two marketplaces,” Alibaba stated.
Alibaba founder Jack Ma. Photo credit: Alibaba....
Techstars co-founders David Cohen and David Brown had a chat with entrepreneurs at Microsoft Accelerator in Bangalore. Photo credit: Tech in Asia.
Techstars launched its first Asian center in Bangalore today, boosting the Indian city’s status as a Silicon Valley of the east. Techstars India is a joint venture with Ansr, which has been running offshore centers and corporate accelerators in India for global corporations. Techstars too has a corporate partnership orientation for its startup accelerators, which aligns it with Ansr.
Bangalore’s startup scene saw fireworks last week with Japanese giant...
Musicians come in all shapes and sizes. You may be a woodwind player in an orchestra or a guitar player in a rock band. That makes the subject of musician apps a little difficult to approach. There are many types who have many needs. We have a decent list here that should help most people. However, we encourage musicians to leave a comment with apps that have helped them. Here are the best musician apps for Android.
Here are some more apps that you might find handy. 10 best...
We’ve seen and heard a fair bit about the LG V30, despite that its official unveiling is still two weeks away. The device has been spotted in real life photos as well as renders, the most recent of which all point towards the same design. A new leak from tipster @evleaks supports these once again, giving us another solid look at what will, in all likelihood, arrive on August 31.
Press renders featured in a tweet yesterday reveal the device’s front, back, and sides in a silver color variant. Those who have seen the LG G6 should be familiar...
Singapore-based Indorse is a blockchain-based social network for professionals. Blockchain accelerator Coinsilium Group subscribed for an additional 7 percent of the fully diluted share capital of Indorse for US$257,000. Previously, Coinsilium invested US$73,000 in the startup.
After months of rumors and speculation, HMD Global unveiled the Nokia 8, the first Nokia flagship that runs Android. This carries a bit of historical significance, but it also means that Nokia has entered a domain full of strong and worthwhile contenders. Whether the Nokia 8 remains afloat in this crowded field of smartphones partly depends on how much the Nokia name can carry the phone, but also whether the Nokia 8 is a good option on its own.
Brooks Entwistle, Uber’s new chief business officer for Asia Pacific. Photo credit: Uber.
Uber announced today that it has hired Brooks Entwistle as its new chief business officer for Asia-Pacific.
Entwistle was previously chairman of Goldman Sachs Southeast Asia and held positions at the United Nations, McKinsey & Co, and the Asia Foundation, among other organizations. His latest role was CEO of India and Southeast Asia-focsued investment firm Everstone Group.
As a key member of Uber’s regional leadership team, Entwistle will be responsible for business development,...
The Startup-O crew at Media Exploits. Photo credit: Startup-O.
“Designed by committee” is usually a pejorative term. It suggests the lack of a singular focus behind a business or creative endeavor.
Singapore-based venture builder Startup-O has tried to find a middle ground with the launch of a new chatbot startup. At Exploit Technologies’ (ETPL’s) Media Exploits event yesterday, the audience became stakeholders and impromptu board members of the new venture.
This involved them voting through a website on decisions about the startup, like whether it should target small businesses or the enterprise...