The Low Down - Momentum Works

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

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O2O

Why no English media reported THAT Blue incident

A few days ago, we published a blog post on how Bluegogo, the bike sharing company once valued at US$150m, went into free fall after a bizarre incident. Since then, we received a lot of enquiries from our readers. Many… Continue Reading →

Real reason for Alibaba’s US$2.9 billion investment in offline retailer

Alibaba Group today announced that it is making a US$2.87 billion investment into Sun & Art Group, a retail group in China that operates Auchan and  RT-Mart. In total Sun & Art controls 446 hypermarkets across 29 provinces in China…. Continue Reading →

Fashion ecommerce in SEA, and why Zalora is struggling

Last month, Pomelo, a Bangkok-based online fashion brand, confirmed US$19 million funding led by JD.com, China’s second biggest ecommerce platform. This is shortly after Zilingo, another fashion ecommerce company focused on Southeast Asia, announced US$18 million Series B led by… Continue Reading →

I brought only ¥25 cash for a two week trip in China, until…

Yes as the title suggested, I had only ¥25 cash in my pocket when I landed in the Western Chinese city of Chongqing to start a 2 week business trip. Apart from Chongqing, Beijing, Shanghai and Hangzhou are also on… Continue Reading →

Clash of the titans in Thailand’s ecommerce scene

  Last year, Thailand witnessed the entry and subsequent overhype of 11street – a company owned and invested by South Korean telecommunications giant SK Telecom. 11street Thailand spared no expense splashing on celebrities, television ads, metro station wraps and so… Continue Reading →

The future of struggling service marketplaces

Good Start, Let’s Uberize Everything! Source: Getty Images It was just merely two years ago when service marketplaces were all the talk in town (I mean, in Southeast Asia). ServisHero (US$3.45 million raised), Kaodim (US$4.55 million raised) and so on… 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 →

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