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features

Why Ant Financial-backed Dana may struggle to catch up with other Indonesian payments apps

Photo credit: idspopd / 123RF Ant Financial, which has risen to become one of the world’s biggest private tech firms with a reported valuation of US$150 billion, is best known for its digital payments platform Alipay. But the Alibaba unit is sitting on a treasure trove...

Photo credit: idspopd / 123RF ...

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Returning Vietnamese are making their mark on Vietnam’s burgeoning startup scene

Christina’s founder Thu Nguyen / Photo credit: Benjamin Bathke “Today, he’s here back in the country of his birth because he said his personal passion is improving the life of every Vietnamese.” Although this sentence, uttered by Barack Obama during his historic official visit to Vietnam in...

Christina’s founder Thu ...

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Meituan-Dianping reveals its net loss has narrowed to $438m ahead of IPO

Photo credit: Meituan Waimai Chinese lifestyle services behemoth Meituan-Dianping said today its net loss narrowed last year while revenue grew sharply, as the company prepares for an initial public offering (IPO). Revenue surged 162 percent to US$5.21 billion in 2017 from US$1.99 billion in 2016, while the...

Photo credit: Meituan Waimai C...

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Ant Financial says it doesn’t really compete with financial firms. Here’s why

Photo credit: Ant Financial Ant Financial isn’t meant to be a financial services company, though it has been operating as one – at least for the last few years. After all, payments have accounted for much of Ant’s success, and the firm holds licenses to operate...

Photo credit: Ant Financial An...

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Go-Jek’s hands-off approach to regional expansion may be a risky gamble

Photo credit: Go-Jek Go-Jek’s recent unveiling of its US$500 million regional expansion plan was one of the most anticipated – and least surprising – developments in Southeast Asia’s tech ecosystem. It seemed obvious that Indonesia’s star startup would have to expand beyond its home soil at...

Photo credit: Go-Jek Go-Jek’...

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Tencent-Bytedance legal spat highlights China’s escalating short-video war

Slogan of Tencent‘s short-video app Weishi: to discover the more interesting / Image credit: Weishi Tencent and Bytedance are in fight mode. While recent weeks have seen the two firms get embroiled in a legal dispute, their larger battle for China’s short-video app market has also...

Slogan of Tencent‘s short-vi...

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China’s gaming giant and other tech firms are betting on this new ecommerce niche

[ad_1] Netease CEO William Ding Lei showed off his firm’s new ecommerce endeavor – affordable premium goods – at a top internet conference last year. / Photo credit: NetEase At a government-run Chinese internet conference last December, reporters crowded around William Ding Lei, founder and CEO...

[ad_1] Netease CEO William D...

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