WeWork is trimming its footprint in China and is expanding it in Singapore. On Thursday, Office-sharing startup WeWork stated, it plans on opening two new locations in Singapore later this year. The development comes even as WeWork seeks a $1 billion loan from its biggest-backer Softbank Group Corp in order to progress on its major…
The move will increase competition against peers such as Alibaba Group Holding and Sea Ltd. In a significant development that sees Amazon.com Inc upping its competition against rivals such as Alibaba Group Holding Ltd’s Lazada and Sea Ltd’s Shopee, the U.S. e-commerce giant stated it has launched a bigger local store and marketplace in Singapore.…
Although Shinhan Financial Group Co Ltd’s investment was not disclosed, the funding round saw Bukalapak valued at more than $2.5 billion. On Friday, Indonesian e-commerce startup Bukalapak stated, South Korea’s Shinhan Financial Group Co Ltd has participated in its latest funding round which valued the company at over $2.5 billion. Bukalapak did not disclose the…
Fitbit’s latest feature packed Versa 2 beats the majority of its competitor on the battery life feature alone since it can last upto 5 days against Apple’s smartwatch 2 days. With Fitbit Inc launching the Versa 2, which features Amazon.com’s voice assistant Alexa, ability to make online payments and store music, its shares surged by…
RedDoorz is faces strong competition from Softbank-backed OYO. RedDoorz, a Singaporean hotel booking and management platform, has raised $70 million in its ongoing funding round. This is its second funding round so far in 2019. Asia Partners, a Singaporean private-equity firm is leading the funding round, which also saw the participation of Mirae Asset-Naver Asia…
This is the first such development in Southeast Asia. Clean energy solutions have finally arrived. On Monday, in a first such development in Southeast Asia, Royal Dutch Shell stated, it has launched electric vehicle chargers at petrol stations in Singapore. The electric vehicle charging service, branded as ‘Shell Recharge’, will be available at ten Shell…
The development assumes significance as it marks Hyundai’s forray into fleet vehicles. In a move aimed at helping Indian ride-hailing platform Ola catch up, South Korean automakers Hyundai Motor Co and Kia Motors Corp stated, they will invest a combined total of $300 million in Ola. The move follows the $275 million that the pair…
Whitefly is a state-sponsored espionage group that has been very active in Singapore and has actively targeted its engineering, healthcare, telecoms and media sectors. According to a statement from Symantec Corp, the worst ever cyberattack suffered by Singapore, which saw the personal information of more than 1.5 million people stolen including that of the Prime…
The autonomous bus will undergo testing in the NTU’s campus for a year before moving on to public roads after taking due regulatory approvals. On Tuesday, Singapore’s Nanyang Technological University (NTU) and Sweden’s Volvo Buses unveiled a full-size autonomous electric bus for testing purposes. For Singapore, this is very strategic, given its high density. The…
This second investment by Hyundai Motor Co in Grab underscores the strategic growing relations between the two firms and has long term implications. In a development that marks Hyundai Motor Co’s growing confidence on Uber, the carmaker has, once again, invested Singapore’s ride hailing firm Grab. Hyundai Motor Co’s investment of $250 million in Grab…
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