Singapore's SingTel Wants To Pump Another $1.6B Into Startup Investments
Singapore’s largest telecoms provider, SingTel, plans to set aside $1.6 billion (S$2 billion) over the next three years for startup acquisitions. Like those it has made in recent years, these are expected to be in the digital media space. All of these can be tracked back to the major restructuring of SingTel’s business arms last year, where it divided itself into three pillars called Consumer, ICT and Digital Life. The first two focus on consumer and enterprise segments, respectively, but the Digital Life arm is most representative of the change. The division was set up as a reaction to over-the-top competition from third party content providers, and SingTel said Digital Life was going to compete head on, providing smart TV, digital magazines and local content. Some of acquisitions so far include restaurant review sites, Hungrygowhere and Eatability, and photo app Pixable. SingTel has also been bullish as a VC. In 2010, it set up a separate venture arm called Innov8 to specifically look ...
China Is Investing $810M In Beidou, A Navigation System It Hopes Will Eventually Rival GPS
China is investing $810 million into the development of Beidou (BDS), the navigation satellite system that it is positioning as a rival to the U.S.-developed GPS. According to China Daily, the money will be used to build an industrial park that will house 30 to 50 companies focused on developing an ecosystem for Beidou. Based in Tianjin, the industrial park is expected to welcome its first 20 companies in June. The Chinese government not only wants Beidou to eventually dominate China’s $19.2 billion navigation service sector, but also sees it as a way to make China’s military less dependent on foreign technology. This would protect the country if the U.S. decided to deny it access to GPS and also potentially give it a strategic advantage. As DefensePolicy.Org writes, “Aside from the commercial applications of Beidou, the placement of an independent global navigation system would give China a considerable strategic military advantage in the event hostilities should break out in the ...
Trustev Tackles E-Commerce Identity Fraud With An Online Fingerprint Made From Social Signals And More
Trustev, a Startup Battlefield company presenting today at TC Disrupt NY 2013, has developed a product to tackle online fraud using an algorithmic system of social signals, behavioural data and transaction history to create a “digital fingerprint” that lets companies verify that you are who you say you are when you are buying something online. The problem that Trustev — based out of Cork, Ireland — is tackling is big, and growing bigger. E-commerce is booming, with sales topping $1 trillion globally in 2012 and still on the rise. But the market also has a dark undercurrent in the form of fraud — specifically around people using other people’s identities to purchase goods online. Currently ID fraud is a $20 billion problem and growing at twice the rate of the e-commerce market. Beyond the very obvious issue of costing companies a lot of money, and consumers a lot of pain, there is another issue: traditional methods for trying to stem the problem are based mainly around human vetting. ...
'Green' Galaxy Recycles Gas, Supercharges Star Birth
astroengine writes "In a galaxy, far, far away (6 billion light-years away to be precise), the most efficient star 'factory' has been discovered. Called SDSSJ1506+54, this galaxy generates a huge quantity of infrared radiation, the majority being generated by a compact region at its core. NASA's Wide-field Infrared Survey Explorer first spotted the galactic oddity and Hubble confirmed the maelstrom of stellar birthing near its core. But the most amazing thing? This galaxy is the 'greenest' factory yet discovered — it uses 100 percent of all the available hydrogen to supply the protostars, leaving no waste. 'This galaxy is remarkably efficient,' said lead scientist Jim Geach of McGill University in a NASA news release. 'It's converting its gas supply into new stars at the maximum rate thought possible.'"
Thai Tycoon Bids $6.6 Billion for Siam Makro
Thai billionaire Dhanin Chearavanont has offered to buy discount-store operator Siam Makro for $6.6 billion in what would be the biggest deal in the Asian-Pacific region this year.