On the other hand, hefty sums also found their way to fintech, as investors still believe in the immense opportunities in this lucrative segment. According to Nikkei Asia Review, Voyager Innovations, the company behind Filipino mobile payment app Paymaya, raised $120 million in April from existing shareholders, including US private equity fund KKR and Chinese tech giant Tencent Holdings. The funding round, its first since 2018, gave the company additional financial muscle to compete with domestic rival Mynt, which is backed by Alibaba Group Holding. … [Read more...] about Capital inflows to Southeast Asian startups up 91 per cent despite outbreak
E commerce
Capital inflows to Southeast Asian startups up 91 percent despite outbreak
Data from newswire DealStreetAsia also revealed that since the mid-2010s, Southeast Asia's startup funding boom has been led by Singapore's Grab and Indonesia's Gojek – the two prominent “unicorns” focusing on ride-hailing and food-ordering services. … [Read more...] about Capital inflows to Southeast Asian startups up 91 percent despite outbreak
Two youngsters launch business to build a greener life
The products include bamboo straws, bamboo toothbrush, Zèng woven bags (a traditional weaving craft of the Tà Ôi ethnic minority group), earrings made from macadamia nut shells, decorative flowers made from dried banana trunks, dishwashing sponge from dried loofahs, essential oils, organic hand sanitiser, dish-washing liquid, and floor cleaner liquid made from soapberry. … [Read more...] about Two youngsters launch business to build a greener life
Double boon for Vietnam’s digital transformation
The online meeting platform Zavi, the first of its kind created in Vietnam, is being developed and mastered by Vietnamese engineers. The platform was completed within three weeks and can cater for up to 100 people in a meeting for 24 consecutive hours. The creation of Zavi proves the rapid advancement of Vietnamese IT. … [Read more...] about Double boon for Vietnam’s digital transformation
EVFTA, Covid-19 change the face of VN logistics industry
A report showed that 15 percent of businesses said their revenue has decreased by 50 percent, while 50 percent of businesses saw the number of logistics services decreasing by 10-30 percent. Many companies have had to cut their workforce, and they still need a lot of money to maintain operations. … [Read more...] about EVFTA, Covid-19 change the face of VN logistics industry
