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Armed, during that period, with a similar demographic composition to what Indonesia will witness this decade, the manufacturing boom in China led to impressive economic growth. A similar pattern also occurred in South Korea earlier. This helped propel both nations upwards in the ranks of countries globally by gross domestic product (GDP). Secondly, there is … Read more
“In my findings most drivers said money was their main motivation [for joining Grab] because the vast majority saw their income double or almost double,” says Bharat. It’s a quick-bucks opportunity even some office workers want a piece of. However, there’s a precedent across Asia where the promise of higher earnings in the gig economy … Read more
TPG’s struggles to garner the necessary coverage has led the company to lease infrastructure from the incumbent telcos. TPG paid around S$27 million (US$19 million) in total to all three telcos to use their in-tunnel network infrastructure during the last quarter of 2019, said Mittal. According to Mittal’s estimates, TPG would garner about 1% of … Read more
TPG said it expected to deliver commercial services to customers in 2018. It gave a rosy forecast of reaching a 5%-6% market share within a “short period of time” on the back of the “excellent value of the offerings that it will bring to the market”. However, it took till the end of 2018 for … Read more
Another store owner in Bengaluru said he agreed to install Jumbotail’s PoS system since it was offered for free, but after receiving frequent calls asking him to share data, he cut off contact with the company. “Why should I share my customer preferences and frequently-bought products in my area? I already know my customers and … Read more
In grocery—seen as the next big opportunity for online businesses looking to lap up India’s retail pie—kirana stores are an invaluable asset. While the Indian grocery market is worth upwards of $550 billion, according to retail consultancy Technopak Advisors, the organised sector is barely a drop in the grocery ocean. Just some $21 billion, according … Read more
Except it really isn’t that simple. Speak to kirana store owners and the prospect of tying up with big businesses is a dilemma rather than a lifeline. From issues around the economic viability of these arrangements to fears over data-sharing, not all of them seem ready to take the leap. Deliverance India’s biggest e-commerce companies, … Read more
Although the Malaysian government has taken measures to streamline public funding agencies, it doesn’t mean it’s all clear skies and butterflies for the local startup industry. A senior investment executive at one of the funding agencies involved in the consolidation thinks the streamlining exercise would reduce opportunities for local startups to get funded. “The government … Read more
Yeoh’s US ties also played a key role in MaGIC’s three-year partnership with Stanford University. It helped to launch the [email protected] programme in late 2014—a total of 142 entrepreneurs from 57 startups participated in a two-week immersion initiative at Stanford University and Silicon Valley. But she couldn’t stay. In early 2016, Yeoh left the … Read more
“I think people get quite confused in terms of who’s doing what,” Azmil Zahruddin Raja Abdul Aziz, the deputy managing director of Malaysia’s sovereign wealth fund Khazanah Nasional Berhad, said at a conference in January. “I think there needs to be a little bit of streamlining, to make sure that we, as a country, make … Read more