DataSoft, a local tech company, is set to launch 4 state of the art Internet of Things devices next month that will enable customers to get alerts on their mobile phones if there is any gas or water leakage or smoke or intrusion. It will be a yearly package for customers which is BDT 7,999 for the first year and
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Smart Technology Spells the Future of Fashion in Bangladesh
Smart apparel is a relatively new phenomenon, but it’s quickly gaining popularity in the fashion sector. Though there are many companies working on wearable smart devices, few are tackling the world of ready-made garments. As the second leading producer of ready-made clothing in the world, Bangladesh could greatly benefit from embracing this trend early on. It’s for
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4 Top Feasible Business Startup Ideas for 2019 in the Technology Sector
While planning to start a new business, it is essential for the entrepreneurs to have the best startup ideas in mind to bring into practice. There are a lot of such ideas, but all of them may not be practical in everyone's case. The trend now while considering the young entrepreneurs is that they tend to follow their dreams and
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Asia Pacific Expected to Dominate in Overall Dental Hygiene Devices Market
Recently released studies surrounding the dental hygiene devices market show that the Asia Pacific is slated to become the dominant region for sales and consumption of dental technology. India, due to its rapidly growing population and economic clout, is expected to be the most prominent country in this market, closely followed by China. As both countries
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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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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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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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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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E-commerce adoption is highest in Vietnam
Consumers in the land of smiles may have the most voracious online shopping habits in Southeast Asia but a higher percentage of Vietnamese are tossing items into online carts.
According to the Economist Intelligence Unit (EIU)’s Inclusive Internet Index, 50 per cent of consumers in Thailand shop online once a week or more, and 44 per cent shop online once a month or less.
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IBM acquires Red Hat for $34 billion
IBM is acquiring Red Hat, a major distributor of open-source software and technology, in a deal valued around $34 billion, the companies announced on Sunday. According to a joint statement, IBM will pay cash to buy all shares in Red Hat at $190 each. Shares in Red Hat closed at $116.68 on Friday before the deal was announced.
The open source, enterprise
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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 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.
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“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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