What Does Indonesia Need? The Growing, Enthusiastic Usage of Gig economy services in the East Responds to it

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

Young entrepreneurs in Malaysia have caught startup fever, but the prospect of success is slim

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

Vietnam’s Other Illegal Uber Clone is Riding High on Cash from Grab Funding Competition

Grab is the proxy for SoftBank’s efforts to tap Southeast Asia’s growth potential. Although its Vision Fund hasn’t made further investments in the region, CEO Masayoshi Son has described the $100 billion vehicle as a collection of winning tech companies that will work closely together. OYO tried to crack Southeast Asia before without success, now … Read more

What Malaysian CEOs Saying About The Fight For Riding App Dominance

Go-Jek meanwhile, has taken a distinctly different route with its GoVentures fund. “GoVentures is an independent venture capital fund, focusing on investments and partnerships with early-stage technology businesses in Southeast Asia,” a spokesperson said via email. Go-Jek added that the fund was sector-agnostic. Like Grab, the central thesis is to find and support companies that … Read more

How These Two Companies Impact Other Startups in the Region and Which Ones Are The Biggest Winners So Far

“The relationship potentially limits the company’s trajectory if you’re starting to get tied to one of these ride-hailing companies’ platforms,” the industry source added. “It possibly makes it tough to find acquirers in the future as you’re more dependent on that platform.” Still, the deal was vital for HappyFresh, which operates in a business with … Read more

Asian Restaurants and Shops with Possibly the Best Food in Town – Travel to These 3 Cities!

Gojek offered on-demand food delivery alongside personal transportation on motorcycle taxis. This multi-service fleet proved so effective in Indonesia that its rival Grab also adopted the model later. It’s less of an advantage in cities that don’t have motorcycle taxis. But in Indonesia, where this mode of transportation is common, it allowed delivery platforms to … Read more