Shopmatic acquires Octopus to become omnichannel retail player; expects 2020 profitability

Local e-commerce solutions startup Shopmatic is acquiring brick-and-mortar solutions specialist Octopus Retail Management as it pursues an omnichannel retail strategy.

Fintech Airwallex joins unicorn club as it raises US$100m in Series C round

SINGAPORE - Airwallex, a global payments fintech start-up, has raised US$100 million in Series C funding, bringing total capital raised to date to over US$200 million.

XM Studios constantly pushing boundaries

"WE are often labelled as crazy people because we do crazy stuff," declares Bryan Tan with a certain modicum of pride. "Sometimes the toys we make are not meant for the general public. Like S$6,000...

Jakarta move to fix motorbike ride-hailing rates may hurt Grab, Go-Jek

INDONESIAN authorities mandated on Monday that ride-hailing motorcycle service providers will only be able to charge rates within a fixed band, a move that could put hurdles in the expansion plans of...

VC maven's best investment decision? Venturing to China

The tech scene in China is awash with capital-hungry start-ups. But even in the world's most populous country, Ms Jenny Lee, managing partner of GGV Capital, has an uncanny knack for spotting the...

Freshworks launches Asean hub in Singapore

SOFTWARE-as-a-Service firm, Freshworks, has launched its first regional hub for the Asean market in Singapore, from which it intends to more fully engage the region, both by ramping up brand...

oBike investor and local startup Anywheel make play for Mobike

BIKE-SHARING firm Mobike could have its global operations outside China snapped up by two Costa Rican brothers, The Business Times has learnt. They lead an investment firm that last September...

Telemedicine startups confront limits of diagnosis over video

TELEMEDICINE has its attractions in that the use of telecommunications technology enables doctors to overcome the barrier of distance to diagnose and treat patients, even those in rural areas.

Blockchain accelerator Tribe adds partnerships with BMW Group Asia, Intel and Nielsen

SINGAPORE - Tribe Accelerator has formed strategic relationships with BMW Group Asia, Intel Corporation and Nielsen for knowledge sharing at the accelerator's organised industry engagements.

Lazada ramps up efforts to boost seller and brand growth

SINGAPORE - E-commerce firm Lazada on Thursday (March 21) announced a series of products and services aimed at accelerating the growth of its brands and sellers. The offerings are meant to resolve...