The Low Down - Momentum Works

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Unicorns

Our interpretations of Comfort Uber tie-up

A rumour that had been circulating for a few weeks was proved to be true. Comfort DelGro, Singapore’s biggest taxi company, has finally confirmed in an announcement (http://www.comfortdelgro.com.sg/uploads/pr/Media%20Release-ComfortDelGro%20&%20Uber%20Join%20Forces_FINAL%20(circulation).pdf) that it is acquiring 51% of Lion City Car Rental (LCR), a… Continue Reading →

Will Grab & Uber merge, with Softbank now a shareholder of both?

By now you always know what is happening: Uber’s board is allowing Softbank to become a shareholder. Probably a huge relief for early investors of Uber, many of whom are desperate to exit as their funds approach maturity. Of course… Continue Reading →

The economics of bike sharing

Many people still want to discuss China’s “sharing economy” with us: shared bikes, power banks, basketballs, or umbrellas. It seems everyone has an opinion on whether it would work or not, and why. Nonetheless, it strikes us that many have… Continue Reading →

Why Chinese bike sharing companies are suddenly everywhere overseas

Just a few months ago, you would hear Chinese bike sharing companies making announcements here and there, but not see actual bikes being deployed. Back then, all these public shows seemed to serve only one purpose – to tell the… 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 Razer question: what can you do with 10 million dollars?

Razer recently published an e-payment proposal summary, which includes committing S$10M to deploy a common cashless payment solution in Singapore, maybe Razer Pay, in 18 months. What can you do with S$10 million? Not much actually. Let’s do some simple… 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 →

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 →

Didi is far from winning the war in China

Barely two months ago, Didi announced the acquisition of Uber China, in a move that many regarded as ending the ride hailing war in China. A few days into the deal, all signs were pointing to this direction: subsidies started… Continue Reading →

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