Grab, NUS trial e-scooter sharing service, GrabWheels

A three-month trial has begun for Grab's e-scooter sharing service GrabWheels at the National University of Singapore's (NUS) Kent Ridge campus. E-scooters have been deployed across eight parking stations on campus in the pilot, which sees the new GrabWheels service being tested for the first time in Singapore, Grab said in a joint news release with NUS on Friday (Nov 23). The number
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A Lord and Taylor sign is pictured during Black Friday shopping in New York City, New York, U.S., November 23, 2018. REUTERS/Carlo Allegri

Black Friday: Online shopping trumps malls for US shoppers

The Thanksgiving Day and Black Friday kickoff of the U.S. holiday shopping season showed the increasing preference for online purchases, as more Americans opted to stay home and use their smartphones while sales and traffic at brick-and-mortar stores declined. The ongoing shift to online shopping has forced retailers across the country to invest heavily in boosting their e-commerce businesses, and also
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Mizuho commits $20M for tech fund in China

Mizuho Securities, a subsidiary of Japan’s second-largest lender Mizuho Financial Group, will establish a technology investment fund in China in partnership with two local venture capital firms, according to a report by the Nikkei. Mizuho Securities is said to have made an initial $20-million commitment to the fund, which will be managed by Cybernaut Investment Group and New Frontier Capital Management (Hong
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matrix partners

Chinese text analysis startup Elen raises $22M series A from Matrix Partners China

Matrix Partners China, an affiliate of US-based Matrix Partners, has led a $22-million Series A round into Elens, China’s developer of AI-powered text analysis, according to an announcement by Matrix Partners China. Established in 2016, Elens deploys voice image recognition and natural language processing to improve efficiency of enterprises. Elens is led by experts in the field of big data management, data
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BB governor

Former Bangladesh Bank governor proposes fund for innovation, research

Former governor of Bangladesh Bank Dr. Atiur Rahman has proposed creation of a national innovation and research fund to encourage more young people to become entrepreneurs He made the proposal while addressing a seminar organised for youths by World Linkup at the Senate Building of Rajshahai University on Saturday, says a statement. Describing the youths as the main resources for building
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New age WeWork Labs will not take equity in exchange for mentorship

With the goal of helping early-stage entrepreneurs move into the next stage of their startup journey, WeWork officially launched its ‘Labs’ programme in Singapore today, marking its first foray into Southeast Asia. The programme — which cannot be compared to an accelerator or incubator — is a for-pay programme that does not take any equity and works like a bespoke
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ICT acclamation for Tech trailblazers

The changes in technology have paved the way for production to quadruple in just a couple of years and people, especially the younger generation, have adopted ICT very fast, said Finance Minister AMA Muhith, speaking as the chief guest at the programme. This is why the government chose information and communication technology for spearheading the country's development, he told the
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Alipay invests $210M in Zomato

Indian food-delivery and restaurant discovery platform, Zomato, has a signed a deal with Alipay Singapore Holding Pte. Ltd. to raise about $210 million. Alipay, digital payments arm of Chinese e-commerce giant Alibaba, is an existing shareholder of Zomato. This will lead to parent company Info Edge’s shares in Zomato to be diluted down to 27.68 per cent from the currently held
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Jack Ma

Jack Ma to train tech entrepreneurs in Indonesia

An adviser to the Indonesian government on e-commerce and executive chairman of China’s Alibaba Group Holding, Jack Ma, plans to open an institute to train thousands of tech entrepreneurs in Indonesia.
“We’re giving a lot of opportunities for young Indonesian people to learn,”
Ma told reporters after meeting Indonesian ministers on the sidelines of the International Monetary Fund and World Bank meetings
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A new era in insurance with ‘Easylife’

Guardian Life Insurance has become the first insurance company in Bangladesh to bring digital Online Term Life Insurance—‘Easylife.’ In Bangladesh’s context, the company thus can be called a market mover. At the helm of the company, sits its Managing Director M M Monirul Alam who has already retained the reputation of being a visionary leader in the country’s insurance industry amassing over
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