Startups

Amazon faces UK antitrust decision to allow stake in Deliveroo

[LONDON] Amazon.com Inc's bid to buy into one of the UK's most successful startups may get caught up in antitrust authorities' fear that they made mistakes in the past.

New trade group of startup investors who don't focus on flipping

[NEW YORK] Attracting venture capital (VC) has rarely been easier for well-connected tech guys in hoodies, but it's still a long shot for everyone else.

IT vendor for schools Learnaholic and startup honestbee among 5 firms fined S$94,000 by PDPC

FIVE companies, including an IT vendor for schools and embattled startup honestbee, were fined a total of S$94,000 for breaching data privacy laws, the Personal Data Protection Commission (PDPC)...

Alibaba's Jack Ma and Softbank's Masayoshi Son see people at the heart in age of AI

TOKYO - People will be at the heart of the digital age of artificial intelligence, two of Asia's top tech titans and investors said on Friday (December 6), as they urged a fundamental shift in how...

Grab aims to drive Asean e-wallet adoption with latest card launch

GRAB is turning up the heat in the payments competition, launching GrabPay Card to tie in its ambition to drive an Asean wallet for borderless payments by the rising middle class.

China's Xiaomi launches online lending service in India

[NEW DELHI] Chinese smartphone maker Xiaomi Corp launched its online lending service in India on Tuesday, widening its offering of financial products in one of the world's biggest Web services...

US billionaire problem worsening

OUR billionaire problem is getting worse. Any market-oriented economy creates opportunities for new fortunes to be built, including through innovation. More innovation is likely to take place...

Gojek aims to diversify into financial services in Singapore

Indonesian ride-hailing firm Gojek is aiming to diversify into financial services and other offerings in Singapore, one year after it started business here.

Green's in fashion as Lithuanian used-clothes site joins US$1b club

[VILNIUS] Vinted, an online marketplace for second-hand clothes, has surfed a sustainable fashion wave to become Lithuania's first technology startup to reach "unicorn" status with a valuation of...

Indonesia's startup scene exploding, but exits are another story

IN A neighbourhood nestled within South Jakarta, 37-year-old Romana operates a small roadside kiosk selling prepaid mobile credit and phone accessories.