Singapore’s Golden Gate Ventures has announced the close of its newest (and third) fund for Southeast Asia at a total of $100 million. The fund hit a first close in the summer, as TechCrunch reported at the time, and now it has reached full capacity. Seven-year-old Golden Gate said its LPs include existing backers Singapore sovereign fund Temasek, Korea’s Hanwha, Naver — the owner of messaging app Line — and EE Capital. Investors backing the firm for the first time through this fund include Mistletoe — the fund from Taizo Son, brother of SoftBank founder Masayoshi Son — Mitsui Fudosan, IDO Investments, CTBC Group, Korea Venture Investment Corporation (KVIC), and Ion Pacific. Golden Gate was founded by former Silicon Valley-based trio Vinnie Lauria, Jeffrey Paine and Paul Bragiel . It has investments across five markets in Southeast Asia — with a particular focus on Indonesia and Singapore — and that portfolio includes … [Read more...] about Golden Gate Ventures closes new $100M fund for Southeast Asia
Advertisement If you saw Tim Cook’s keynote last month, you may have noticed that China came up a lot. The presentation even opened with a video from Hangzhou.Many commentators are saying that Apple’s focus is shifting from the US to China — but are they right? And what does it mean if they are?Signs of a ShiftIt’s not just Tim Cook’s presentation that gives us an idea that Apple is setting their sights on China. There are other signs. For example, the introduction of the gold iPhone and new gold MacBook Should the New MacBook's Single Port Scare You Away? Should the New MacBook's Single Port Scare You Away? Apple recently revealed the new MacBook, and it's a jaw-dropper — but it also has only a single port. Was this a blunder, or a sign of the future? Read More . China has long been one of the major consumers of gold; according to Statista, it was close behind India for the top spot in consumer demand last year with 814 metric … [Read more...] about Is Apple Betting Big on The Chinese Market?
Spending on public cloud is expected to have an economic impact of $450 billion across six Asia-Pacific markets including Singapore, India, and Australia, from 2019 to 2023, if it remains on a compound annual growth trajectory of 25%. It also can enhance productivity with wider availability of online government services, driving "significant" improvement in citizen experience in these Asian economies. Growing spend on public cloud could would not only have an economic impact on its industry users, it also fuel further business growth across the supply chain of these users as well as consumer spending, according to a study released by Google. Conducted by Boston Consulting Group, the survey polled more than 1,000 IT decision makers in the six Asia-Pacific markets, including 120 from Singapore as well as respondents in Japan, South Korea, and Indonesia. The study estimated that public cloud adoption would directly generate 425,000 jobs across these economies, with the majority … [Read more...] about Public cloud can add $450B to APAC economies through to 2023
Alibaba Cloud is playing up its focus and investment in Asia as a key competitive advantage over its US competitors, while remaining coy over how the US government's treatment of Huawei may potentially impact other Chinese technology vendors. Executives from Alibaba's cloud business point to the company's data centre footprint in the region as well as market share as indication it is edging out other global market players. The Hangzhou-based vendor currently operates 47 availability zones across 14 cloud regions in Asia-Pacific, including 15 availability zones outside mainland China in Singapore, Indonesia, Japan, Hong Kong, Malaysia, India, and Australia. Across the region, it runs more than 200 network nodes. Alibaba may stoke US paranoia with cloud move US disdain for Huawei over cyberspying allegations hasn't been extended to fellow Chinese peer Alibaba, but will the latter stir up similar concerns as it makes aggressive moves into the cloud? Read More Last year, … [Read more...] about Alibaba Cloud touts Asian heritage and focus as competitive advantages
Basic fitness-tracking wearables are so last year. According to new data from research firm IDC, wearable device shipments in mature markets like North America, Japan, and Western Europe declined 6.3 percent year over year in the second quarter of 2018 as demand for "basic wristbands" dropped. The decline isn't something to worry about though, according to Jitesh Ubrani, Senior Research Analyst for IDC Mobile Device Trackers. "These markets are in the midst of transitioning to more sophisticated wearables," Ubrani said in a statement. "While the previous generation of wearables was focused on providing descriptive feedback like step counts, the current and upcoming generations are far more capable and are well on track to becoming prescriptive and diagnostic tools. Surrounding these smarter wearables is a constellation of technologies and service providers that includes app developers, telcos, component makers, healthcare institutions and more – each poised for growth in the … [Read more...] about Basic Wearables Are Out, Replaced by Smartwatches