The Low Down - Momentum Works

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



Bitcoin – last wake up call for financial players

With some pundits pricing Bitcoin at US$100,000 in the next 18 months, time to wake up!

ezbuy – lessons of how not to be held hostage by technology

Once the biggest e-commerce company in Singapore, ezbuy has been on a downward spiral since Singles Day 2016, where it saw what was believed to be tens of thousands of orders not delivered to customers. The main reason orders did… Continue Reading →

“But it does not have any F***ing use”

One very sophisticated presentation was unfolding at a demo day that I attended in Beijing recently. The founder was so confident about his customer acquisition strategy that he spent almost 80% of his allocated time explaining it (in a very… Continue Reading →

GrabPay is not making full use of its advantages

So GrabPay appointed a new CTO, Vikas Agrawal, who was previously with Paytm. Agrawal is to be based in Bangalore, more than 3000 kilometres away from Grab’s headquarters in Singapore. This came less than a month after Grab (finally) filled… Continue Reading →

Spy work: who owns this QR payment business?

So we recently saw this sticker at a shop in Singapore: They accept payment by Sphere Pay, a QR based payment service pretty much like many that are mushrooming in Singapore. So who is Sphere Pay? Who owns it? Let’s… Continue Reading →

Why founders increasingly hate the word ‘startup’

Only two years ago, startup was the ‘in’ thing and friends who were launching their ventures were proudly declaring they were a ‘startup’. The mood seems to have changed dramatically since. What I often hear nowadays is: “what are you… Continue Reading →

Chinese Loan Apps in Indonesia

If you read our earlier articles about the Indonesian payday loan market (Part 1 and Part 2 are linked here for your convenience) you will already know about the rush of Chinese lenders backed by proven business models that are… 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 →

Are you addicted to data dashboards as I am?

When I was running a consumer mobile internet business, one thing I did most frequently was… Unlock my tablet and stare at the dashboard. Like one of the many here: Not only me, all my colleagues seemed to have the… 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, 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 →

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