BEAMSTART Logo

Alfred Lee

Journalist at BEAMSTART. I write about breaking business news in the region.

Articles, Links, and Press

How to Give Your Business the Best Chance of Success

A lot more than this will go into running a successful business, but these are all valid points that will be essential in achieving this goal

BEAMSTART.COM

Stripe is worth over $95 billion; will buy Indian Fintech company Recko.

Stripe wants to integrate all financial services under one umbrella.

BEAMSTART.COM

Beepmix lets sellers set up .COM stores that pays promoters automatically; just 1.9% gateway fees

Beepmix also helps sellers automate tedious tasks such as taking orders manually, receiving payments, manage local deliveries, making payouts, and more.

BEAMSTART.COM

This Singapore VC has set up a $75 million fund for crypto and blockchain startups

The fund will focus on startup companies in the pre-series A to Series A stages.

BEAMSTART.COM

Malaysia's PolicyStreet raises $6 million to be the go-to place to buy insurance online

PolicyStreet previously raised $1.8 million via equity crowdfunding last year

BEAMSTART.COM

China is banning ALL cryptocurrency activity; considers them 'illegal'

Bitcoin's value fell by 6% at the wake of China's announcement, falling to $41,800.

BEAMSTART.COM

Singapore wants more IPOs; setting up new $1.1 billion pre-IPO fund

Singapore's new pre-IPO fund aims to make it easier for late/growth stage companies to raise additional capital

BEAMSTART.COM

MrSpeedy delivery has rebranded to 'Borzo'; now operates in 10 countries

Borzo has over 2.5 million customers, and is capable of fulfilling up to 3 million deliveries per month.

BEAMSTART.COM

Xiaomi is preparing to dominate the electric vehicles space; sets up new EV company

Xiaomi is also aggressively hiring and investing into automobiles development talent.

BEAMSTART.COM

Singapore's Omnilytics has acquired Malaysian startup Supahands for $20 million

Supahands CEO, Mark Koh, will join Omnilytics’s board and serve as CSO

BEAMSTART.COM

Website Links in Instagram Stories will soon be available to all users as a 'Link Sticker'

Links in Instagram Stories was previously only available to users who had over 10,000 followers

BEAMSTART.COM

Xiaomi just released a new robot dog (CyberDog), which has a 'pet-like nature'; only 1000 available

Xiaomi's CyberDog's technology is also open-source, and is currently in the 'experimental stage'.

BEAMSTART.COM

Bukalapak started out to help Indonesians sell online; today it is worth over $7.5 billion after IPO

Bukalapak was founded back in 2010 to enable small and medium enterprises go online in Indonesia

BEAMSTART.COM

Malaysia's daily cases hit a new high of 20,000+ people; lock-downs loosened in several states

Should the situation continue, an additional 1 million people's jobs could be affected.

BEAMSTART.COM

Binance, one of the largest crypto exchanges, ordered to stop operations in Malaysia

Malaysia's Securities Commission stated that Binance was operating an "illegal digital asset exchange"

BEAMSTART.COM

Grab raises more money to conquer Indonesia; this round its $375 million by Emtek Group

The new partnership will focus on digitalisation efforts in Indonesia.

BEAMSTART.COM

PropertyGuru's IPO failed in 2019; soon to go public on NYSE for $1.78 billion

PropertyGuru will go public via an SPAC merger with Bridgetown 2 Holdings

BEAMSTART.COM

Xiaomi just surpassed Apple to become the world's no. #2 smartphone company by shipments

Xiaomi's rise comes after Huawei descended from the top spot over the recent months.

BEAMSTART.COM

Twitter launched 'Stories' (Fleets) last year; now they're shutting it down due to low usage

Twitter Fleets were in direct competition to Instagram and Snapchat "Stories".

BEAMSTART.COM

Malaysia's Carsome to buy iCar Asia in a deal worth $200 million

Carsome will own 19.9% in iCar Asia, with plans to acquire the rest of the company later.

BEAMSTART.COM

Video Inside: Richard Branson becomes first billionaire to fly to space

Richard Branson is also the founder of Virgin Galactic, the company that flew him to space.

BEAMSTART.COM

Singapore-based Princeton Digital Group is building a data center in Japan worth $1 billion

Princeton Digital Group is tapping on Asia's growth and need for highly scalable data centers.

BEAMSTART.COM

RM5,000 grant for online marketing now available for eligible SMEs in Malaysia

Eligible businesses will receive widespread marketing and promotions for their products / services.

BEAMSTART.COM

Malaysia's Vendfun launches self-service 'Hybrid Kiosks' for hotel check-ins and food ordering

Vendfun's hybrid kiosks are equipped with a 50-inch touch-screen panel for users to interact with as well as cashless payment capabilities.

BEAMSTART.COM

pitchIN, a Malaysian crowdfunding platform, has raised $1.3 million via equity crowdfunding

A total of 322 investors participated in pitchIN's equity crowdfunding round.

BEAMSTART.COM

Delyva's new app makes it easy to find, compare, and book delivery services; onboards 9 new partners

Prior to this, Delyva's customers could only make bookings from their website.

BEAMSTART.COM

Someone paid $28 million to fly to space seated next to Jeff Bezos

Jeff Bezos will be flying to space on Blue Origin's debut private astronaut mission

BEAMSTART.COM

Stripe now supports GrabPay for online payments in Malaysia and Singapore

Stripe will be launching in The Philippines in the near future, which could also include GrabPay as a payment method too.

BEAMSTART.COM

Tencent made $7.4 billion in profit in Q1 2021; a huge jump of 65%

Tencent's management style and business model have proven to be very resilient.

BEAMSTART.COM

Snapchat now has over 500 million active users; attracting more advertisers

Snap's revenues have grown significantly too, beating expectations.

BEAMSTART.COM

Zhang Yiming founded ByteDance and TikTok; now he's stepping down as CEO

He played a pivotal role in growing the company to what it is today.

BEAMSTART.COM

Gojek and Tokopedia confirm merger with new entity: GoTo Group

GoTo Group is now one of Southeast Asia's largest technology conglomerates

BEAMSTART.COM

Meituan lost $26 billion after CEO posted ancient poem online

Meituan has been following the footsteps of many other tech giants in China.

BEAMSTART.COM

Gojek raises another $300 million lead by Indonesia's largest telco company.

Gojek's new round is aimed at supercharging both companies' collaborative efforts.

BEAMSTART.COM

Global Smartphone shipments shoot up by 27% in Q1 2021

Apple had the highest jump in smartphone shipments in Q1 2021

BEAMSTART.COM

China companies raise over 11x more money in the US year-on-year

Foreign Direct Investments (FDI) into China rose by 4% despite the global pandemic

BEAMSTART.COM

India banned TikTok; now their own apps have caught up in user numbers

India's social media users are also very loyal to their home-grown apps

BEAMSTART.COM

Coinbase worth over $86 billion after going public, sends Bitcoin prices up

A large part of Coinbase's revenues were attributed to fees from rising cryptocurrency prices.

BEAMSTART.COM

After over $1b in profit, China's ride-hailing giant DiDi plans to make its own cars

DiDi is laying the groundwork to become China's largest vehicle ecosystem.

BEAMSTART.COM

Singapore startup companies raised $5.5 billion in funding for 2020; falling by 35%

Startup funding in Singapore has been falling for the past few years.

BEAMSTART.COM

Philippines is launching a $5 million fund to invest in local startups

The new fund launch is in line with Philippine's Innovative Startup Act

BEAMSTART.COM

MaGIC`s E-Nation conference returns with 3 series & conference; to gather thousands of participants

E-Nation will bring together a huge delegation of startup ecosystem players and more

BEAMSTART.COM

Baidu is going public again, this time in Hong Kong; set to raise $3.1 Billion

Baidu is set to become one the largest IPOs in Hong Kong for 2021.

BEAMSTART.COM

Kopi Kenangan founders set up Angel Investment Fund; investing $10k - $150k per startup

The Angel Investment Fund will invest in companies focused on Indonesia

BEAMSTART.COM

Zhihu, the Quora of China, prepares to go public in the US

Zhihu raised over $434 million in its last funding round

BEAMSTART.COM

Alibaba is serious about entering Bangladesh; buys up food delivery startup HungryNaki

HungryNaki was founded in 2013 and operates in 5 cities in the country.

BEAMSTART.COM

Malaysia's SERV wants to be the app for vehicle owners; growing 2X year-on-year

SERV has recently closed a $106k in funding via equity crowdfunding (ECF)

BEAMSTART.COM

Malaysia's Kravve helps people sell their handmade food online; raises $287k in crowdfunding campaign

Kravve's ECF campaign started in January and has a total of 144 investors today

BEAMSTART.COM

AirBnb lost $3.9 billion; CEO positive travel will return with vaccine rollout

AirBnB is also investing heavily in the platform's experience to make booking/hosting stays simpler

BEAMSTART.COM

Twitter will soon allow creators to get paid with new 'super follow' feature

Creators can also paywall content to 'super followers' on Twitter.

BEAMSTART.COM

How does Cryptocurrency work? A Proper Guide for newbies

There are over 6,700 different cryptocurrencies currently exchanged today

BEAMSTART.COM

ErudiFi is helping students afford education; raises $5 million in funding

ErudiFi works with over 50 universities to provide flexible education financing for students

BEAMSTART.COM

TechNode Global aims to be Asia's leading tech media platform; raises $1 million seed funding

TechNode Global plans to cover more technology stories, deliver high-quality events, and build comprehensive cross-border business across the region

BEAMSTART.COM

TTA's Taiwan Pavilion featured 100 startups at CES 2021

TTA has been working alongside the Taiwanese government to showcase more startups on a global stage

BEAMSTART.COM

SpaceX's Starlink has over 1000 satellites in orbit; could disrupt telecom by providing internet to the world

Elon Musk believes Starlink could capture a piece of the $1 trillion market for internet services, potentially disrupting telecom providers.

BEAMSTART.COM

China's economy is recovering quickly; foreign investments rise to record levels

China's economy grew despite the global pandemic, with foreign investments peaking in the fourth quarter of 2020.

BEAMSTART.COM

Jack Ma reappears after vanishing for months; Alibaba shares jump 8%

In a new video recording after vanishing for months, Jack Ma is seen to be speaking to a group of rural teachers.

BEAMSTART.COM

Hike Messenger was popular in India; now it has shut down after raising $260m+ in funding

The company was valued at $1.4 billion after raising funding from notable investors

BEAMSTART.COM

DJI started with drones, now they're moving into self-driving technology

DJI is hiring engineers to build technology that could be used for various autonomous vehicle parts.

BEAMSTART.COM

Founder of Indonesia's GrabToko startup arrested for scamming customers

GrabToko is an e-commerce startup from Indonesia that sold brand new smartphones at steep discounts.

BEAMSTART.COM

Shopee's parent company, SEA Group, has bought a bank in Indonesia

SEA Group bought Bank Kesejahteraan Ekonomi Indonesia, a significant move into the digital banking space.

BEAMSTART.COM

Grab may remain unprofitable until 2023; raises over $300 million for financial services arm

Grab has been investing heavily on expanding the financial services business, and may remain unprofitable until 2023 according to Moody's

BEAMSTART.COM

GoBear financial products comparison startup shuts down after raising $97 million in funding

GoBear was reportedly used by over 55 million people and had over 100 commercial partners ranging from banks and insurance providers.

BEAMSTART.COM

In China, food delivery order volume is reaching 500 million users in 2020

A large number of food delivery consumers in China are people in their 20s - 30s.

BEAMSTART.COM

Startup funding in India fell by 34% due to the pandemic; lowest since 2016

A large part of India's startup funding was affected by the pandemic and tensions with China.

BEAMSTART.COM

Spaces Exchange 106 co-working space to launch at Malaysia's tallest building

Spaces Exchange 106 is located at a 106 storey newly built skyscraper called The Exchange 106.

BEAMSTART.COM

China's overseas gaming revenue crosses $15 billion for the first time

China's domestic games industry generated $42.6 billion in revenues for the same period.

BEAMSTART.COM

TechCrunch ex-COO Ned Desmond has joined VC firm SOSV as senior operating partner

While at TechCrunch, Ned Desmond was heavily involved in organizing the popular Disrupt events around the world each year

BEAMSTART.COM

China's Luckin Coffee committed fraud; to pay $180 million in fines.

Luckin Coffee admitted to fabricating more than $300 million in sales between April 2019 to January 2020

BEAMSTART.COM

Facebook A.I. disables large number of accounts; sparks #facebookdisabledme campaign on Twitter

Affected users are using the #facebookdisabledme Twitter hashtag to raise awareness

BEAMSTART.COM

Malaysian government selects 8 VC firms as part of the PENJANA programme

The PENJANA programme by the Malaysian government will match up to RM600 million on a 1:1 basis with the VC funds, with an initial target of RM1.2 billion.

BEAMSTART.COM

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest news, events, and opportunities.

 

Download the Community App

Connect with the BEAMSTART Entrepreneurship Community from the palm of your hands. Connect with CEOs/Founders, Investors, Business Leaders, and Professionals. Download below to instantly form partnerships and discover opportunities:

PlayStore ButtonAppStore Button

© 2016 - 2021 BEAMSTART. All Rights Reserved (Legal).