Asia business sentiment rises in second quarter, global growth risk still dominates
SEOUL - Asia's top companies have become more optimistic about their business outlook with the retail and shipping industries rebounding sharply in the second quarter of 2013, the latest Thomson Reuters/INSEAD Asia Business Sentiment Survey shows.
Singapore's DealGuru Spins Out Food Delivery Business To Chase New Funding
DealGuru, one of the major daily deals sites in Singapore, has spun out its food delivery subsidiary, called FoodRunner. Prior to the new name, the service was called Room Service Deliveries, which DealGuru set up after it acquired Malaysia-based operator, Asian Room Service in October last year. The acquisition was DealGuru’s first big step into the online food delivery business. Before that, it tried its hand with a small service called Dealivery.sg, run as a subsection of its deals site for about six months. Since it bought Asian Room Service, DealGuru expanded its presence out of Singapore, into Malaysia and Indonesia (run through a franchisee). Asian Room Service was operating Room Service Deliveries for nine years prior to the acquisition. With the spin out, DealGuru has placed its CFO, Lance Frey, into the CEO spot for FoodRunner. Part of Frey’s job is to raise funds under the FoodRunner entity for expansion into more markets in Southeast Asia. Frey said the Philippines, Thailand ...
Google Needs To Bring Emerging Markets Online To Grow Its Business Opportunities In The Next 10 years
The WSJ has reported that Google is participating in discussions with emerging markets such as Southeast Asia and Africa about setting up wireless network infrastructure in cities and towns. A source told the WSJ that: "The wireless networks would be available to dwellers outside of major cities where wired Internet connections aren't available and could be used to improve Internet speeds in urban centers."
Japan's Premier to Visit Myanmar
Japan's prime minister, along with some 50 business leaders, will visit Myanmar as part of Tokyo's effort to secure bilateral ties in Southeast Asia.
Made For The World. Built And Designed In China.
For years, the iPhone has carried a small etching on the back that says ‘Designed by Apple in California. Assembled in China.’ It’s fueled the stereotype that China is the world’s factory, but hasn’t had a flexible enough education system to produce R&D talent that can also design world-class products for a global audience. But that’s a stereotype that isn’t exactly true anymore. A small group of companies — both small, bootstrapped app startups and multi-billion dollar giants like Tencent — are showing that they can design apps or higher-end hardware with international appeal. Tencent, one of the country’s gargantuan Internet powers with a market cap of $72 billion dollars, often likes to point out the international reach of its messaging app Weixin or WeChat. That app has blossomed to more than 190 million monthly active users over the past year and with about 40 million of registered users outside of China. “I’m very glad to see the internationalization of Tencent,” ...