Softbank

Zest

Softbank-backed Grab asks 6,000 employees to take no-pay leave or reduced working hours to avoid job cuts

Grab CEO Anthony Tan warned last week that the coronavirus is creating significant challenges that will require “tough decisions” about cutting costs and managing capital.

Global Economy

Briefs

As Wuhan lifts its lockdown after 11 weeks, UK Prime Minister Boris Johnson remains in intensive care. Here are some key events that took place this week.

Deals, joint ventures & alliances

Singtel names AT&T a new founding member of Global Telco Security Alliance

SINGAPORE (Mar 6): American telco conglomerate AT&T has joined the Global Telco Security Alliance – which was launched in April 2018 by four telecommunications operators around the world including Singtel – as an equal member of the group.

Startups, Entrepreneurs, Digital economy

Grab vanquishes Uber with local strategy, billions from SoftBank

SINGAPORE (Mar 27): As Uber Technologies Inc. looked to conquer ride-sharing around the world, Grab was focused on serving the 620 million people that share its home in Southeast Asia.

Fintech

Asean e-commerce poised for explosive growth on the back of China's tech dragons

SINGAPORE (Jan 31): The entry of Chinese tech giants into the Asean e-commerce scene could see explosive growth for online retailing in the region, according to Credit Suisse research.

As 2017 sets, here are my observations about Asia tech: Bloomberg Gadfly

(Dec 28): I'm not feeling quite bold enough to make predictions about 2018. After all, a year ago I didn't get why bitcoin was worth US$1,000 (yeah, I know), or why Pokemon Go was so exciting.
Taizo Son

Tech

Billionaire Taizo Son ditches Japan to start afresh in Singapore

SINGAPORE (April 18): Singapore may have just added a new tech billionaire, but it had to lure him from Japan first.
Si2i

Si2i to acquire e-commerce platform from Cayman Islands company

SINGAPORE (April 4): Affinity Capital, a wholly-owned subsidiary of telecom and IT service provider Si2i Limited, has entered into an agreement with SB ISAT Fund to acquire from it an e-commerce platform.

Alibaba Cloud expands global footprint with 4 new data centres

SINGAPORE (Nov 21): Alibaba Cloud, the cloud computing arm and a business unit of China’s Alibaba Group, says it aims to open four new data centres by end-2016 in the Middle East, Europe, Australia and Japan.

Broker's Calls

These 4 Asean postal companies get Nomura's stamp of approval

SINGAPORE (Oct 7): Asean courier service providers are about to get interesting with online retail sales poised to hit US$36.1 billion ($49.6 billion) by 2020, translating into a five-year CAGR of 23%.
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