According to Statista, the online gaming market is predicted to be worth over US$ 174 billion by 2021, and this sector has been dominated by the Asia Pacific region for years. With Southeast Asia’s steadily growing online population, thanks to increased internet penetration and smartphone usage,...

www.fortune.com

Why Malaysia keeps minting billionaires

0
Discuss
|

Malaysia has long been a place where vast fortunes have been amassed over time. The Kuoks, Tehs and Queks are custodians of palm oil, property and banking empires that stretch back decades.That was until COVID-19, when the country’s low-key rubber industry — or more precisely, glove making...

Indonesia-based online travel portal, Traveloka, has picked up $250M in fresh funding to beef up its coronavirus-battered balance sheet. The travel aggregator dubs the capital injection a “strong vote of confidence” in its strategy to adjust to what it couches as a ‘new normal’ for travel...

A Malaysia court sentenced former prime minister Najib Razak to 12 years imprisonment after ruling him guilty in the first of a series of trials linked to 1MDB.Najib was guilty Tuesday of all seven charges in the case involving 42 million ringgit ($10 million) of funds deposited in his personal...

The story: Malaysian B2B e-procurement platform Dropee, has raised US$1.3 million in funding right after its graduation from Y Combinator’s Winter 2020 batch. Investors: Y Combinator, Ondine Capital, Vynn Capital, Brama One Ventures, John Devor (COO of Touchpoint Games), Jason Tsai (Machine...

It’s easy to assume that Fefifo is just another urban-farming-going-digital company on the surface. But dig deeper and you will understand why their approach to farming is different –if not revolutionary. The Malaysia-based agritech startup brings in the concept of coworking space into farming....

Following media reports, Chinese internet giant Tencent finally confirmed the purchase of Malaysia-based video streaming platform iflix. In a statement to Dealstreet Asia, Tencent stated that the purchase is part of its strategy to expand WeTV, its international streaming platform, across Southeast...

Rapyd, a global fintech company, has released its 2020 Asia Pacific eCommerce and Payment Study that analysed the financial habits, payment methods, considerations and preferences of consumers in seven countries in the region. The report, which was conducted in March and April 2020, uncovered how...

Split, a fintech startup that enables businesses to provide a ‘buy-now-pay-later’ service to their customers in Singapore and Malaysia, announced today it has secured an undisclosed amount of funding, led by 500 Startups. Angel investors, including Louise Daley, Deputy CEO of AccorHotels Asia...