Consumer-to-consumer e-commerce site, Carousell, secures US$6 million in its latest round of financing and will be looking to expand into the region including Malaysia, Indonesia, and Taiwan.
By The Way
Eileen Yu checks out industry developments across the Asia-Pacific region, discussing their relevance to the global tech business landscape.
Eileen Yu began covering the IT industry when Asynchronous Transfer Mode was still hip and e-commerce was the new buzzword. Currently a freelance blogger and content specialist based in Singapore, she has over 15 years of industry experience with various publications including ZDNet, IDG, and Singapore Press Holdings. Eileen majored in Journalism at The University of Queensland, Australia, where she wrote an honours thesis titled: To Censor or Not: The Great Singapore Dilemma. In her By The Way blog, she enjoys seeing how far she can push the line when blogging about technology, government regulations, and politics in Singapore and the rest of Asia.
Online shoppers are spending US$1,861 a year on their purchases with the bulk of their expenditure going toward travel bookings, according to figures released by PayPal.
Businesses in the Asian country face unexpected performance and downtime issues with their cloud deployment, and call for more external support and tools to deal with the challenges, reveals global survey.
Many IT teams in the country are struggling to meet growing employee demands for communications tools, and are further challenged by their organization's directive to prioritze these needs below others.
The Singapore-based restaurant booking site acquires another local startup, Appic Technologies, adding a queue-monitoring app to its service.
Several companies from China's media, e-commerce, and content markets including ZTE, Sina.com, and Youku Tudou have formed a consortium to tap potential revenue from airline passengers with inflight services.
Singapore telco reports a 19.3 percent growth in net profit to S$1.04 billion (US$805.85 million) on revenue totaling S$4.31 billion for the second quarter, but sees losses in digital life group on new investments.
Mobile will power customer experiences and drive digital transformation across Asia-Pacific in 2015, predicts Forrester, but most businesses won't be able to provide the necessary services to service mobile consumers.
ViewQwest announces its new 2Gbps fiber broadband service to be made commercially available in early-2015, offering the fastest residential internet connection in Singapore.
Chinese smartphone maker invests US$300 million Baidu's online video site, IQiyi.com, as it looks to expand its internet TV content.
Singapore Exchange sets up inquiry team to investigate last week's power outage that brought trading to a halt for more than three hours, after its backup power systems failed to function.
Chinese smartphone manufacturer is reportedly looking to raise US$1.5 billion in its fifth round of funding to support efforts in developing video content for Xiaomi TV.
Chinese hardware maker clocks a 19 percent increase in profit on revenues totaling US$10.5 billion in the second quarter, shipping a "record" 35.6 million devices. But sales from its mobile division drop 6 percent.
International Telecommunication Union and Internet Society will jointly identify ways to build "long-term capacity" and provide advice on ways to combat spam, which accounts for 80 percent of global e-mail traffic.
Is it time for the U.S. to relinquish its leadership position in the tech industry and hand over the baton to rising star China, or even India? Perhaps, but questions about innovation and market environment will first need to be addressed.