Transport ministry official Nunthapong Cherdchoo told Reuters that the services conflict with existing motorbike taxi services in the Thai capital.UberMoto, which has since launched in India and Indonesia after Bangkok, takes the company s on-demand taxi concept to two wheels.Motorbike taxis are a popular form on transport in many cities in Southeast Asia since drivers can weave the traffic-clogged roads faster than four-wheeled vehicles.This despite UberMoto debuting with the endorsement of the Thai transport police who were represent at the launch event in February.And this is Uber s full statement:Earlier this year Thailand helped Uber achieve a world-first with the launch of uberMOTO, a global pilot and our first two-wheeled ridesharing service.And we re grateful for their support when it comes to using motorbikes as couriers and to deliver food.
A jihadist propaganda website run by a known Islamist extremist accused of backing the 2009 Jakarta suicide bombings has been found to have been selling advertising space to global companies and brands and making thousands of dollars in profits.The website, which features pictures of beheadings, appears to have been using Google's ad platform to sell and show ads from international companies, including IBM, Microsoft and Citigroup.However, Google as well as the advertisers appear to have inadvertently played a part in helping the jihadist website make money off them.Commenting on Rahman's role as an extremist, Rohan Gunaratna, the head of the International Centre for Political Violence and Terrorism Research at Nanyang Technological University, Singapore, said: "He is the most important online terrorist in Southeast Asia.Google said: "This site violates our terms so we've taken action to terminate the account and reimburse affected advertisers.In 2010, Rahman was sentenced to serve five years in an Indonesian jail for concealing information related to the terrorist attacks at the Ritz Carlton and JW Marriott in Jakarta, which left people killed and 50 more injured.
Batching prints together, as the process is called, means that less space is wasted on a print sheet, which would traditionally run some way below capacity.OPG is dedicated to finding and funding online printing companies in emerging markets, which Gogoprint founders Alexander Suss and David Berghaeuser — both originally from Germany — told TechCrunch is very key.They are more experienced than us and understand that building companies in emerging markets is fundamentally different, Berghaeuser, who was formerly with Rocket Internet s Zalora business, said.Gogoprint currently has a team of less than 20 which serve the domestic market in Bangkok.They estimate the printing industry in Southeast Asia to be worth $25 billion annually, with smaller customers like SMEs heavily underserved by existing solutions.So if you want to go into five countries, you need some capital for that, Suss, a former Ernst & Young auditor who has run multiple online commerce businesses, said.
Michael Smith comes from streaming service HOOQ, where he was chief product officer, joining recent recruits Gabriel Lundberg, ex-Spotify, and Tiang Lim Foo, who led Evernote business development in Asia Pacific.The firm hasn t formally announced the hires, but each one has updated his LinkedIn account to reflect a new role, while Smith announced his arrival at Jungle on his blog earlier this month.Smith is well-known in Southeast Asia s tech space for his previous role with Yahoo, where, as director of global tech initiatives, he presided over Yahoo s ultimately unsuccessful acquisition of Indonesian location-based service Koprol and other media projects.Lundberg moved to Asia to help Spotify identify new market opportunities — although the Swedish music streaming firm has moved very slowly in the region thus far.That initiative, which Smith, Foo and Lundberg are part of, is spearheaded by former Yahoo head of international M David Gowdey and is designed to go beyond money to provide its portfolio with the expert counsel, experience and services needed to develop their businesses.There aren t too many teams with the number of years of experience in our sectors, and in Asia, Anand told us last September.
Paul Bragiel, the venture capitalist who made an unsuccessful run at qualifying for the Sochi 2014 Winter Olympics as lone member of the Colombian cross-country ski team, is forming a new, San Francisco-based venture firm with his brother, Dan.The CEO of brothers previously cofounded I/O Ventures, a six-year-old seed fund based in San Francisco.Paul has also served as cofounder and advisor to two farther-flung venture funds: Golden Gate Ventures, which focuses on opportunities in Southeast Asia, and Nairobi-based Savannah Fund, established four years ago to zero in on founders in Sub-Saharan Africa.A third I/O Ventures cofounder, Ashwin Navin, meanwhile is CEO of Samba TV, a publisher of smart TV apps and analysis.Aber Whitcomb, a cofounder and the CTO of Social Gaming Network, also lists himself as an early and continuing partner at I/O Ventures.I/O Ventures hasn t been terribly active in recent years judging by CrunchBase data, anyway , but it has made some newer bets, including on Open Listings, a two-year-old, L.A.-based self-service platform for individuals wanting to buy a home without an agent.
Southeast Asia s Internet economy, spanning online shopping to games and advertising, will surge sixfold to about $200 billion in the next decade, according to joint research by Google Inc. and Temasek Holdings Pte.As more consumers get online and shop from smartphones, e-commerce in the region could jump to $88 billion by 2025, a 16-fold increase, according to a report the two companies released in conjunction with a conference in Singapore.That growth will be driven by an increase in the number of Internet users from 260 million to 480 million by 2020, according to the report.Indonesia, the biggest economy in Southeast Asia, is projected to add Net users faster than any other country in the world, according to the report.Despite such prospects, the region that also includes Malaysia, Singapore, the Philippines, Thailand and Vietnam attracted less than a fifth of the venture capital funding India received in 2014.In 2014, VC investment in Southeast Asia accounted for 0.04 percent of its gross domestic product.That compares with 0.15 percent in China, 0.25 percent in India and 0.3 percent in the U.S., according to the report.Google and Temasek, Singapore s state-owned investment company which invests in VC firms and startups through its unit Vertex Venture Holdings Ltd., worked together on the report, using Google s proprietary data, Temasek s research, as well as interviews with 59 experts.
Image Credit: PapayaMobileSi Shen, chief executive of PapayaMobile, will now be in rare company as a woman in charge of a Chinese publicly traded technology company.This year, PapayaMobile plans on several multi-million dollar acquisitions in the U.S., India, and Southeast Asia, Shen said.Shen cofounded the company with Qian Wenjie in 2008.She now has a young son.Shen said that she contemplated going public in the U.S., but she changed her mind as she realized that public markets in the U.S. still tend to undervalue companies, relative to China s public markets.It took about eight months to restructure the company to be a local Chinese company.
Several of the world's largest cellular carriers, representing almost 1.3 billion subscribers, have pledged support to a Facebook project that aims to dramatically reduce the cost of building and expanding wireless data networks.The carriers are joining the company's Telecom Infra Project TIP , an audacious attempt to design commoditized mobile network gear that can be easily and cheaply deployed to areas currently underserved by carriers.On Tuesday, Facebook said new members include Vodafone, the world's second largest mobile operator, and Telefonica, both of which have global operations; South Africa's MTN, which operates across Africa; Axiata Digital, which operates throughout Southeast Asia; and Indonesia's Indosat.Several new hardware partners are also joining, including Broadcom and Juniper Networks.Announcing the project in February, Facebook founder Mark Zuckerberg said he's deeply committed to the idea of expanding Internet access to areas that are underserved and wants to work with carriers and equipment makers to do that.Facebook Facebook's Aries wireless base station, announced at F8 on April 13, 2016, has 96 antennas.
There isn t a lot of data on the potential of technology in Southeast Asia, which is why many in the industry have been excitedly flipping through a new report released today by Singaporean sovereign wealth fund Temasek and Google.The biggest takeaway: Southeast Asia s internet economy could be surge to be worth a massive $200 billion annually within ten years.Beyond the headline $200 billion stat, the research — pulled together using proprietary data from Google, Temasek insight, interviews with third-parties and other sources — gives some color on where the most notable tech verticals may be by 2025:E-commerce in the region could be worth $88 billion, growing at 32 percent per yearThe online travel market could reach $90 billion, growing at 15 percent per yearOnline media — games and advertising — could grow to $20 billion, increasing at 18 percent per yearThe region s nascent taxi on-demand service could hit $13 billion and 29 million monthly riders — up from an estimated 7.3 million now — growing at 18 percent per yearWith 260 million users now and an estimated 480 million by 2020, Southeast Asia s is the world s fastest growing internet market — adding 3.8 million new users a month.Beyond that, its young population 70 percent of which is aged under 40 , lack of big box retailers serving entire countries and growing middle classes are forecast to power this surge forward.The report cites plenty of challenges — particularly around tech talent, barriers around payment, inconsistent regional logistics and immature consumer behavior — but Temasek and Google believe that with $40-$50 billion in investment capital, the region s digital economy can take huge strides over the next decade.I don t want to cannibalize the report too heavy by republishing the deck extensively, but the slides below are particularly worth pouring over.
View photosMoreA Temasek Holdings logo is seen at their office in Singapore July 8, 2014.REUTERS/Edgar SuSINGAPORE Reuters - Funding for global tech startups should return,even if valuations don't rebound to their 2015 levels as investors press for less inflated values, a senior executive at Singapore state investor Temasek TEM.UL said.Some industry watchers warn of a tech bubble, and capital inflows to the sector have eased since late last year.It's not just Southeast Asia," Rohit Sipahimalani, joint head of portfolio strategy & risk group at Temasek, said on the sideline of an industry event in Singapore on Tuesday.HSBC's brokerage arm recently slashed Zomato's valuation by 50 percent, citing concerns around its business model, and it prompted the startup's founder to hit back, arguing the markdown was unjustified."Globally it funding has eased up, but partly because there was probably too much exuberance maybe 6-12 months ago...
Now it is clear that crowdfundingbolaget will establish themselves in the country. Swedish Fundedbyme, which is heading toward an IPO, starts operations in Malaysia. Crowdfundingtjänsten have already completed a successful crowdfundingkampanj for Halal Speed Dating, a dating site for Muslim users in less than two days received the amount requested. In February Fundedbyme stated that the company had turned down a bank investment of 15 million. Reportedly, the Di Digital was the bank in question is based in Southeast Asia. In the spring it became known that Fundedbyme preparing an IPO.
The Chinese e-commerce giant, which went public in 2014 in the largest NYSE IPO in history, quietly disclosed that the SEC is looking into whether it has violated federal securities laws.The probe focus is centered around Alibaba s relationship with its affiliate organizations, its business on Singles Day, China s largest online shopping day in which Alibaba grossed $14.3 billion in sales last year, and other general investments.Alibaba has spent more than $40 billion on M over the past five years, including recent billion dollar deals with food delivery firm Ele.me, Southeast Asia s Lazada and video site Youku Tudou, so there s plenty to pore over.The Chinese firm has a number of affiliate companies, including Ant Financial — which controls its Alipay service — and Cainiao, which is focused on logistics and recently raised its first external funding at a reported valuation of $7.7 billion.Cainiao was founded three years ago with partners from the logistics industry.Alibaba holds a 48 percent share in the business, but its exact role and financial involvement in the organization is unclear, as The New York Times pointed out last year.
SportsHero is a new app that lets sports fans dabble in match predictions and show their skills off against friends and other game-watchers.Dinesh Bhatia, CEO and founder of TradeHero and SportsHero, told TechCrunch in an interview that the top users at TradeHero have hundreds of thousands of followers and made good money from the service.TradeHero counts over seven million registered users, Bhatia said, while SportsHero is currently at around 250,000.ASX listings are becoming increasingly popular for tech startups in Southeast Asia.Malaysia s Catcha Group has successfully floated three companies on the exchange, while mobile social network MigMe is also present on the ASX and Singapore-based data archiving service Dropsuite is among those waiting to list this year.He added also that the listing can help SportsHero grow its presence in Australia, a market of more than 20 million people that he believes to be lucrative for online services.
Brian Fong, associate director of the Academy of Hong Kong Studies and the Hong Kong Institute of education.Hong Kong mobile app companies should look towards regions such as Southeast Asia and Taiwan to expand their market amid slowing profitability and revenues in the field, according to an industry survey.This is down 41 per cent from last year, when 43 per cent of the companies reported that they were in the black.Companies have to think about how to expand the market, he added, pointing to results that showed over 60 per cent of Hong Kong mobile app companies focused on the local market.Revenues have also declined across the board, with over half of the companies drawing in yearly revenues of less than HK$500,000.Helping businesses to get more funds to consolidate and expand their business remains a very important challenge.
SpaceX is ramping up the number of launches of its Falcon 9 rocket, which is good for the company, and great for fans of large explosions.DON T MISS: Microsoft just turned Windows 10 into malwareTonight s payload is THAICOM 8, a commercial comms satellite that needs to get to a high orbit above Southeast Asia.Getting a satellite that high means going faster and higher, which creates problems for the landing.The Falcon 9 first stage uses whatever leftover fuel it has to decelerate and land, so the higher and faster the rocket has to go for launch, the less fuel it has to slow down before hitting the barge.With those caveats in mind, SpaceX is describing this landing as challenging.But it said the same thing about the last landing it attempted, and that went more or less perfectly to plan.
The two-stage rocket will travel just as far as it did earlier this month before the first stage engines give out and it falls back down to Earth—hopefully right smack on a barge in the middle of the Atlantic.So far, SpaceX has been on a winning streak: today s landing could be the third sea-docking success in only a couple of months.It would be the second time the rocket survives reentry to Earth s atmosphere after taking a quick rip 22,300 miles above the equator.And landing is only part of the mission.With the help of its second stage engine, the Falcon 9 will thrust a satellite all the way up to a supersynchronous transfer orbit—an orbit that is slower than the Earth s 24-hour rotational period—the previous launch s geostationary transfer orbit on its way.The Falcon 9 is cradling a satellite that will improve TV and Internet for Southeast Asia, so it needs to be on a particular orbital plane in order to be fixed on that region.
http://content.blubrry.com/analyseasia/Episode 115 Singapore Startup Ecosystem Asia Funding Trends with Arnaud Bonzom.mp3Arnaud Bonzom from 500 Startups continued our conversation on his two interesting reports prior to the 500 Corporations report which we discussed earlier that focus on the Singapore startup ecosystem and funding trends across Asia Pacific.Last but not least, we discussed how funding trends are changing in Asia.Download MP3 33.9 MB or Subscribe via RSSAnalyse Asia with Bernard Leong is a weekly podcast dedicated to the pulse of technology, business & media in Asia.Analyse Asia is a content partner of TechNode.TechNode does not endorse any commentary made in the program.Notes:Arnaud Bonzom, Director of Corporate Innovation @ 500 StartupsSingapore Startup Ecosystem & Entrepreneur Toolbox Report 1:12 What is the motivation behind building this report?4:00 What are the key observations on the Singapore startups Sparks, Rising Stars, Stars, Unicorns ?Where do they work out from, for example, co-working spaces?The Singapore government is definitely one of the main stakeholders in the ecosystem.What are the challenges faced?What are the work permits and passes to allow the individual operate in Singapore?StartintX Index on Asia Pacific Funding TrendsWhat is the motivation behind StartintX?What are the key findings in your first report on Asia Venture Capital?What are the interesting comparisons across China, India and Southeast Asia ecosystem?
Apple recently announced plans to expand the payment service to Hong Kong but, that aside, it is unclear which markets will be next.We have announced Hong Kong and , across the Asia Pacific region, we re talking to many partners and banks and evaluating how quickly we can bring Apple Pay to new markets, former Netscape exec Bailey said.Apple has focused on the most logical markets in Asia to date — China is the most populous country on the planet and a huge market for Apple, while Singapore and Hong Kong are small markets with many Western consumer traits — and Bailey shared some insight into what Apple seeks when assessing expansions.That focus on existing Apple customers makes sense, since they are the only ones who can use the technology, but it might rule out any immediate entry into countries in regions like Southeast Asia, where cheaper Android devices dominate Apple and others on marketshare.Bailey previously revealed that the service hit three million provisions inside its first three days in China, while, more generally, it is adding one million new users per week worldwide.Beyond adding support for more banks and cards, Apple is also focused on introducing loyalty programs for Apple Pay — having completed its first rollouts in the U.S..
The malware used to steal $81 million from Bangladesh Bank has links to the 2014 attack on Sony PicturesMalware links suggest that North Korean hackers might be behind recent attacks against several Asian banks, including the theft of US$81 million from the Bangladesh central bank earlier this year.Symantec confirmed the earlier findings of researchers from BAE Systems who found code similarities between the Bangladesh Bank malware, which was used to modify SWIFT transfers, and the malicious program used in attacks against Sony Pictures Entertainment in December 2014.The hacker group behind the Sony attack is known in the computer security industry as Lazarus and has been active since at least 2009, primarily targeting organizations from the U.S. and South Korea."Symantec has identified three pieces of malware which were being used in limited targeted attacks against the financial industry in South-East Asia: Backdoor.Fimlis, Backdoor.Fimlis.B, and Backdoor.Contopee," the Symantec researchers said in a blog post.The primary link is a portion of code that wipes files using a unique routine.The announcement comes after a Bloomberg report that up to a dozen banks from Southeast Asia have hired security firm FireEye to investigate potential security breaches and SWIFT irregularities on their networks.
A senior executive at Mandiant, the cybersecurity company investigating the Bank Bangladesh heist, also told Reuters the hackers had recently penetrated banks in Southeast Asia.In the blog post published on Thursday, Symantec did not name the Philippines bank or say whether any money was stolen, but said the attacks could be traced back to October last year.SWIFT, the Society for Worldwide Interbank Financial Telecommunication, urged banks this week to bolster their security, saying it was aware of multiple attacks.Symantec said it had identified three pieces of malware that were used in limited targeted attacks against financial institutions in Southeast Asia.Another cybersecurity firm, BAE Systems, said this month that the distinctive computer code used to erase the tracks of hackers in the Bangladesh Bank heist was similar to code used to attack Sony.The unsolved theft of $250,000 at Sonali Bank also involved fraudulent transfer requests sent over the SWIFT network.