The Low Down - Momentum Works

We provide the low down on all the happenings in Tech & VC.

Month

August 2017

Making insurance cool again!

There were a few times when i went to a gathering introduced myself as from the insurance industry, people would give me a sympathetic look “I am sorry to hear that”. Insurance, especially life insurance, in this region has been… Continue Reading →

“But, we signed an NDA”

A team from a developed country came to us the other day, with a business plan to build smart shared bicycles, similar to the ones flooding China: As this bike solution is for a market with a much higher GDP… Continue Reading →

Alipay is NOT launching a digital wallet in Singapore soon

Many friends living in Singapore noticed this news today on both The Straits Times and Lianhe Zaobao: http://www.straitstimes.com/singapore/alipay-inks-deal-to-expand-cashless-payment-acceptance-points-in-singapore http://www.zaobao.com.sg/sme/news/story20170823-789329 According to the reporting (especially that on Lianhe Zaobao), Alipay is launching a digital wallet very soon for Singapore’s banking users…. Continue Reading →

Comfort DelGro’s potential tie-up with Uber is not enough to revive its fortunes

Comfort DelGro, Singapore’s largest taxi operator with a fleet of 16000 cars, announced on Tuesday that it is in talks with Uber about a tie-up making its fleet available on the Uber Platform. Uber’s rival in Southeast Asia Grab has… Continue Reading →

What is best ecommerce marketing channel in rural developing world?

I was having lunch with some friends in Dubai the other day, and one of the friends ran an e-commerce platform across a few African countries. He shared us with his progress and plans. “So far we have been acquiring… Continue Reading →

Alibaba leads US$1.1 billion investment in Tokopedia

Indonesian ecommerce platform Tokopedia just announced that it has secured a new funding round of US$1.1 billion, led by Alibaba Group. The confirmation came after much speculation that JD.com – Alibaba’s main competitor in China backed by Tencent – was… Continue Reading →

Softbank: the final winner of SEA ride-hailing war?

US$2 billion  investment to Uber’s largest rival in SEA is the latest move by Softbank in the great war of ride-hailing. How far can Uber go on autopilot?   Rumors never come from nowhere. After months of speculation, Didi Chuxing,… Continue Reading →

China’s Mini KTVs land in Singapore

Mbar, One of the leading operators of mini KTVs in China, has launched its business in Singapore. Mini KTVs are telephone-booth-like soundproof kiosks where people can isolate themselves from the noisy environment to sing karaoke. Their singing is usually recorded… Continue Reading →

WeWork’s entry into Southeast Asia

According to Bloomberg, WeWork is pledging US$500 million to invest in markets of Southeast Asia and South Korea. As part of the initiative, WeWork is acquiring SpaceMob, a Singapore-based co-working space operated founded by Turochas “T” Fuad in 2016. Many… Continue Reading →

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