Vietnam 

Vietnam Start-up Day attracts nearly 200 Vietnamese and foreign start-ups – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The 2018 Vietnam Start-up Day. This year the event will be held on August 23 and 24 at the Riverside Palace in HCM City’s District 4, with nearly 200 domestic and foreign start-ups in attendance. — VNA/VNS Photo HCM CITY — The two-day Vietnam Start-up Day will open in HCM City on Friday with nearly 200 start-ups from 12 countries and territories taking part. They will display practical technologies and showcase creative and unique business models. The event will also feature the final stage of the…

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Shanghai insurtech start-up The CareVoice eyes Asia expansion after securing US$10 million funding

Shanghai-based insurance technology start-up The CareVoice has raised about US$10 million in a funding round led by Chinese investment management company Lun Partners Group, it said on Thursday.The company, which launched in Hong Kong last September and is present in mainland China, provides software to 15 insurance companies, including Ping An Insurance, China’s second-largest insurer, Zhong An Online P&C Insurance, the country’s first internet-only insurer, The People’s Insurance Company of… Source link

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Vietnam 

Southeast Asia startup RedDoorz raises US$70 million in Series C funding – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Amit Saberwal, Founder and CEO of RedDoorz. — Photo courtesy of RedDoorz HCM CITY — RedDoorz, the Southeast Asia’s hotel management and booking platform, announced it has raised US$70 million at first close of a larger Series C funding on Monday. Leading the round is Asia Partners, a Singapore-based growth equity firm founded by senior executives with an exceptional track record in scaling multi-billion tech companies (Sea, Naspers, Bukalapak) globally and across the region. RedDoorz is the first portfolio company of Asia Partners, which focuses on growth-stage investments in technology and…

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Ecommerce 

How Chinese e-commerce start-up Kilimall wants to become a ‘digital enabler’ to Africa and its shoppers

Kilimall, the Chinese start-up that is now one of Africa’s leading e-commerce players, is building a platform that empowers thousands of Chinese small businesses eyeing Africa with their localised services.Named after Africa’s highest mountain Kilimanjaro, Kilimall was the first Chinese e-commerce company to enter Africa, selling products that span various categories including electronics, clothing, home appliances, fashion bags, make-up and more.Since its founding in 2014, it has grown rapidly… Source link

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This Indonesian start-up has become the Gates Foundation’s first health care tech investment

Jonathan Sudharta was a brawl-prone, unremarkable student who played in a rock band. Friends of his father, a self-made tycoon, feared he would one day take over the family medical business and ruin it.Instead, in 2016, at the age of 34, Sudharta co-founded a start-up that attracted the interest of the Bill & Melinda Gates Foundation and today becomes the organisation’s first ever equity investment in an online health care platform.His creation, Halodoc, is trying to address one of the biggest… Source link

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ByteDance spurs TikTok’s global expansion by snapping up music tech from AI start-up Jukedeck

ByteDance, the world’s most valuable start-up, is ratcheting up the international expansion of its popular short-form video-sharing app, TikTok, with artificial intelligence (AI) technology that can create music.The Beijing-based company has acquired for an undisclosed amount UK start-up Jukedeck, which built software that can autonomously compose music, and certain intellectual property assets that it owns, according to a person familiar with the matter. Several members of Jukedeck were also… Source link

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Ecommerce 

Chinese gadget recycling start-up Huishoubao cannot wait for 5G to come soon enough

Li Xiaoya has made a business out of the throwaway society with one of China’s biggest online trading platforms for second-hand mobile phones.Called Huishoubao, which means “recycling treasures” in Chinese, the Shenzhen-based start-up is now betting that the transition from 4G to the superfast 5G telecommunication networks would bring about a new wave of gadget upgrades as consumers go for the shiny new gear.“The arrival of 5G will push for further upgrade in hardware, and make room for… Source link

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Forget street addresses or GPS coordinates, this start-up thinks three words are all you need

sourcing.quaking.handicaps. sulk.held.raves. nail.hush.lawful.No, those are not gibberish. Those are the addresses for Hong Kong’s Legislative Council, the White House in Washington and Beijing’s Tiananmen Square, respectively, based on the geocoding system developed by start-up what3words.London-based what3words distils locations and complex Global Positioning System (GPS) coordinates into three-word addresses. Founded in 2013, the start-up has split the entire world into 57 trillion 3-metre… Source link

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From conducting job interviews to vocational training, Swedish start-up sees robots as a game changer

If the future turns out to be just the way as envisioned by Samer Al Moubayed, robots will become part of our everyday lives, spawning huge business opportunities worth billions of dollars.The CEO and co-founder of Furhat Robotics, a Swedish start-up developing robotic applications, says there could be hundreds of uses for robots, from conducting job interviews to vocational training to customer servicing worth billions of dollars in the next two decades. These robots will become so common that… Source link

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Singapore-based e-commerce start-up Zilingo is a winner from the US-China trade war

The US-China trade war is good news for e-commerce start-up Zilingo.Singapore-based Zilingo, founded in 2015 by Ankiti Bose and Dhruv Kapoor, operates an online business-to-business platform that connects suppliers in the fashion industry directly with brands, which reduces the cost of production because the middlemen are removed. The higher US tariffs on China-made goods has accelerated the garment manufacturing industry’s move out of China to countries in Zilingo’s backyard, Southeast Asia… Source link

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