WeChat Continues to Dominate Red Envelope On 520

WeChat recently released its red envelope data on May 20, China’s unofficial Valentine’s Day, providing us with a glimpse of Chinese enthusiasm towards using the digital red envelope as a way to convey their love and emotions to their family members and friends. In China, the number combination “520” has come to stand for “I […]

Amazon to Bring Checkout-Free Grocery Store to Europe

Amazon is preparing to bring its checkout-free grocery store Amazon Go to Europe in an attempt to crack the $800 billion global market. Last week, the U.K. Intellectual Property Office approved the company’s application to trademark the slogans “No Lines. No Checkout. (No, Seriously.)” and “No Queue. No Checkout. (No, Seriously.)” According to Bloomberg Technology, […]

Alipay Launches Free Health Insurance Service

Alipay has launched a free health insurance service to allow users under the age of 60 a certain amount of insurance coverage every time they make a payment with their Alipay Wallet. Dubbed Dabing Wuyoubao (welfare version) (大病無憂寶(福利版), the service is in partnership with Taikang Insurance (泰康保險) to allow users to accumulate their free insurance […]

LinkedIn Reaches the 500 Million User Mark

LinkedIn has hit a major milestone. The social media site just hit the half-billion user mark. That’s right — 500 million users. Further, there are now 9 million businesses actively on the site. The power of this community benefits a global audience, allowing businesses and their perspective employees and clients to connect like never before. […]

Paytm To Launch Payments Bank On 23 May

India’s leading digital wallet player Paytm has received the final approval from the Reserve Bank of India (RBI) and is set to launch Paytm Payments Bank on 23 May, its holding company One97 Communications Pvt. Ltd said on Wednesday. Renu Satti, vice-president of business at Paytm, will take over as the chief executive officer (CEO) […]

DHL E-commerce Launches Delivery Service In Malaysia

DHL e-commerce has launched a domestic delivery service in Malaysia for the country’s growing and enthusiastic audience of online shoppers. The e-commerce market in Malaysia is expected to grow at a CAGR (compound annual growth rate) of 15.8% to US$1 billion by 2020. This is fuelled by recent initiatives such as the National E-commerce Strategic […]

Media Prima Acquires REV Asia to Become the Largest Malaysian Digital Media Company

REV Asia Berhad, Malaysia’s leading digital media group, announced on 8th May that it has entered into a Sale and Purchase Agreement (“SPA”) with Youth Asia Sdn Bhd and Media Prima Digital Sdn Bhd (“Media Prima Digital”), an indirect wholly-owned subsidiary of Media Prima Berhad (“Media Prima”) for the proposed sale of REV Asia Holdings […]

Grammarly Raises $110 Million In Its First Funding Round

Investors are betting big on spelling mistakes and misshapen sentences. San Francisco start-up Grammarly just raised $110 million to take its AI-driven grammar-checking tool to the next level. The funding, led by General Catalyst and Spark Capital, marks the first venture capital round in the company’s eight-year life. The company’s pitch centres on its machine […]

Japanese Billionaire Wants To Fund New Start-ups in Southeast Asia

Southeast Asia has a new billionaire, and he wants to invest in unconventional start-ups who can help him re-imagine city living. Taizo Son, who made his money through hit game Puzzle and Dragons, is moving to Singapore from Japan partly because of frustrations with his home country’s government regulations and education system, which he thinks […]

Lenovo To Invest In AI, IoT and Big Data

Chinese PC maker Lenovo plans to pour over US$ 1.2 billion into artificial intelligence (AI), Internet of Things (IoT) and big data in the next four years, as part of its efforts to diversify their operations amid the stalled growth of its PC and smartphone business. Lenovo CEO Yang Yuanqing said the annual investment in […]