Year: 2018

29 Jan 2018

Hong Kong plans TV ad campaign to warn against ICO and crypto investments

 Most financial authorities worldwide have warned their citizens on the risks of buying bitcoin or investing in ICOs, but Hong Kong is going a step further. Concern is such in the country that authorities are taking to TV and other media to warn of the risks of investment. Today the Financial Services and the Treasury Bureau (FSTB) and the Investor Education Centre (IEC), which is a subsidiary… Read More
29 Jan 2018

Facebook starts polishing its privacy messaging ahead of GDPR

 As the May 25 deadline for compliance with the EU’s updated privacy framework fast approaches Facebook is continuing to PR the changes it’s making to try to meet the new data protection standard — and steer away from the specter of fines that can scale as high as 4% of a company’s global turnover. Read More
29 Jan 2018

Malaysia’s capital will adopt ‘smart city’ platform from Alibaba

 Alibaba’s cloud computing business is to deploy its big data services package for cities in Kuala Lumpur to help Malaysia’s government with the running of its capital city and potentially other parts of the country in the future. “City Brain,” an Alibaba Cloud service that uses big data and artificial intelligence on its cloud computing infrastructure, will be put to… Read More
29 Jan 2018

Goxip raises $5M led by Meitu to build an influencer marketing platform for fashion in Asia

 Goxip, a Hong Kong-based social shopping service, has raised $5 million to branch out into influencer marketing. The investment was led by Meitu, the $6 billion Hong Kong-listed company that develops selfie apps and selfie-optimized phones, with participation from Hong Kong conglomerate Nan Fung Group via its inaugural Mills Fabrica Fund. Others who took part include a trio of young female… Read More
29 Jan 2018

Fitness app Strava exposes the location of military bases

 Strava, the popular app for tracking running, cycling and swimming, is not the most obvious go-to for exposing national secrets, but a heatmap of activity from users has been found to unearth the locations of U.S. military bases worldwide. The company’s review of 2017 showed all routes taken by its users across the world. It was released back in November 2017, but it came to the fore… Read More
29 Jan 2018

Google confirms investment in Indonesia’s ride-hailing leader Go-Jek

 Google has confirmed its investment in Go-Jek, the hail-railing service that rivals Uber and Grab in Indonesia. TechCrunch reported the investment last week, which was made alongside China’s Meituan-Dianping and Singaporean sovereign fund Temasek. The trio were part of a final tranche of a $1.2 billion round that Go-Jek began negotiating on last April, with commitments from the likes… Read More
29 Jan 2018

Five myths of seed investing

 Pre-seed has risen in prominence in recent months due to the growing gap between what founders are seeking at the seed stage and what the market is offering, yet conversations around pre-seed come with preconceived notions and false assumptions about the companies and investors who care about early stage funding. To break down these misconceptions, we’ve assembled a list of 5 common… Read More