techinasia.com Archives - 22 December 2014, Monday

  • Flipkart pulls in new investors for its latest $700 million funding, files for conversion to public company in

    Flipkart bags $700 million funding, files for public company status

    techinasia.com 20 Dec '14, 6am

    India’s homegrown ecommerce leader Flipkart just announced another whopping funding round. This time, it raised US$700 million investment from new investors Baillie Gifford, Greenoaks Capital, Steadview Capital, T. Rowe Price Associates,​ and Qatar Investment Authority, along with exi...

  • This taxi app by Singapore's transport agency is stunningly pointless

    This taxi app by Singapore's LTA is stunningly pointless

    techinasia.com 17 Dec '14, 7am

    The Singapore government is known for its remarkable efficiency. But it’s also known for being incredibly meddlesome. Case in point: fresh after announcing a new set of regulations governing taxi apps, the Land Transport Authority (LTA) told the world that it too wants to launch a tax...

  • More people are remitting money to the Philippines using Bitcoin. Here’s why

    Why more Filipinos are remitting money using Bitcoin

    techinasia.com 12 Dec '14, 2pm

    Christmas has come early for Philippine Bitcoin remittance service Rebit.ph . Rebit, one of the verticals under Bitcoin umbrella company Satoshi Citadel Industries (SCI), has booked an average 150 percent growth in value of transactions month-on-month since October. That’s a big jump ...

  • Asian bitcoin exchange Quoine secures $2M funding

    techinasia.com 10 Dec '14, 1pm

    Quoine , a pan-Asian bitcoin exchange, announced it closed a US$2 million angel round of funding from a number of investors and private funds, according to Coindesk . The young exchange opened shop in June and, while it is officially incorporated in Singapore, does most of its busines...

  • Meet the winners of Hackatron Asia Singapore 2014

    Winners of Hackatron Asia Singapore 2014

    techinasia.com 10 Dec '14, 7am

    Winners of Hackatron Asia Singapore 2014 and Judges It was to be a grueling 32 hours ahead – yet 146 developers across Singapore and Malaysia trekked down to Hackatron Asia Singapore early last Saturday morning in preparation for it. There were big monitors set up and people napping o...

  • Super affordable Xiaomi Mi Band to be sold in Singapore from December 16

    Xiaomi Mi Band launches in Singapore December 16

    techinasia.com 10 Dec '14, 4am

    The Mi Band fitness tracker by rising smartphone brand Xiaomi is single-handedly making wearables much more accessible to consumers. Now, Xiaomi has announced that the Mi Band will be sold in Singapore from December 16, just in time for Christmas. The price? S$19.99 (US$15.13) – almos...

  • Rocket-backed Helpling set to launch in Singapore to help you find a cleaner

    Helpling to launch in Singapore to help you find a cleaner

    techinasia.com 10 Dec '14, 3am

    Helping , a Rocket Internet-backed venture that’s like an Uber for cleaners, will launch in Singapore, though an exact date hasn’t been announced. Tech in Asia spotted job postings on Startup Jobs Asia seeking a marketing manager and operations manager as part of its expansion into th...

  • This Indonesian startup says it struck gold in bitcoin, delivers currency in 3 minutes

    This Indonesian startup says it has struck gold in bitcoin

    techinasia.com 02 Dec '14, 1pm

    For those of you who’ve been living on the moon, bitcoin is an unregulated digital currency that provides a way for folks to transfer money to each other over the web without using a bank or financial institution as a middleman. All bitcoin users need to do is install a wallet app to ...

  • Singapore's Carousell raises $6M, Sequoia involved

    Singapore's Carousell raises $6M, Sequoia involved

    techinasia.com 26 Nov '14, 10pm

    When a popular Tumblr blog has been set up to poke fun at your app users, it’s a sure sign that you’ve made it. Carousell , a Singapore startup that has developed a mobile app for consumers to buy and sell things, seems to be well on its way there. The startup has raised a series A ro...

  • Kraken to take large role in repaying Mt. Gox creditors

    techinasia.com 26 Nov '14, 9am

    When Mt. Gox, the former poster child for the wonders of Bitcoin, lost US$460 million worth of bitcoins in a hacking attack , the cryptocurrency world teetered on the brink of failure. Skeptics gained undeniable justification for their derision and public faith in the security of bitc...

  • Singapore’s Inzen Studio raises biggest funding round ever by a Singaporean game studio

    Singapore’s Inzen Studio raises S$935,000 in series A round

    techinasia.com 26 Nov '14, 1am

    Singapore-based Inzen Studio , a two-year-old mobile game developer, has raised S$935,000 (US$717,288) in a series A round from investors in Singapore, China, and Japan. This is the largest funding round a game studio in Singapore has received to date (as far as we know). The record w...

  • Prescription glasses from S$88? You can now buy them online in Singapore

    Four Eyes sells prescription glasses online in Singapore

    techinasia.com 24 Nov '14, 2pm

    I bought my prescription glasses – lenses and frame – for over S$200 (US$154). That’s the typical price for generic brands in eyewear retailers in Singapore, especially if you’re paying extra for thinner lenses due to your severe shortsightedness. For the middle class, the price isn’t...

  • Why Singapore’s regulations on taxi apps are bad for consumers

    Singapore's regulations on taxi apps are bad for consumers

    techinasia.com 24 Nov '14, 7am

    Tomas Forgac is an economist and entrepreneur. He is the founder of Coin Of Sale , a bitcoin POS system. The Land Transport Authority (LTA) of Singapore announced it would start regulating third-party taxi apps and outlined details on them . All of the five points mentioned by LTA wil...

  • PayrollHero to release code publicly to help build open source culture in Singapore: It’s generally considere...

    PayrollHero to release code to the public in Singapore

    techinasia.com 21 Nov '14, 5am

    It’s generally considered good form to give back to those who have contributed to your growth – whether it be to your parents after you get your first salary, or to your alma mater when you’ve made it in the world. The same ethos can be found in the tech world – specifically, in the o...

  • Singapore tightens grip on taxi apps by issuing regulations

    LTA tightens grip on Singapore’s taxi apps with regulations

    techinasia.com 21 Nov '14, 4am

    Singapore’s Land Transport Authority (LTA) will be regulating third-party taxi booking apps such as Uber and GrabTaxi with a “basic regulatory framework.” According to its announcement, the framework is the result of consultation with commuters, the National Taxi Association, third-pa...

  • Hong Kong’s foreign maids can now use bitcoin to send cash home without even knowing what bitcoin is

    Hong Kong's Bitspark launches end-to-end cash remittances

    techinasia.com 20 Nov '14, 8am

    Bitcoin is often hailed as the solution to the world’s remittance problems. It’s accessible to the unbanked, it’s nearly instant, and the fees are minimal compared to banks and other money transfer services. But perhaps the biggest obstacle to bitcoin remittances gaining serious tract...

  • Singapore security startup V-Key gets important new investor and customer: Alipay

    AliPay becomes investor and customer to V-Key

    techinasia.com 18 Nov '14, 3am

    Singapore and California-based startup V-Key , which specializes in mobile security and cryptography, has just raised a series B round from existing backer IPV Capital as well as Ant Financial Services, the operating company of Alipay , the payment processor started by Alibaba founder...

  • What is PropertyGuru doing to stay on top in Singapore

    techinasia.com 17 Nov '14, 11am

    Online property classifieds is in a constant state of flux here in Southeast Asia. PropertyGuru and iProperty are vying for dominance in the region. New players like 99.co and UrbanIndo have a few things to say about how property search should be done. Then there are forces beyond the...

  • Trend Hunter CEO receives $1,200 bill for SIA’s onboard wifi

    Trend Hunter CEO receives $1,200 bill for SIA’s onboard wifi

    techinasia.com 15 Nov '14, 3am

    It used to be that taking an airplane meant reading a book, watching whatever movies were playing on the single screen upfront, or sleeping like you’ve never slept before. Now, thanks to technology you can do a whole lot more, such as catching up on your latest TV show addiction on th...

  • Made in Singapore, this futuristic speaker packs a punch

    techinasia.com 12 Nov '14, 9am

    Unless you’re a wealthy person with deep pockets – in which case you can stop reading this now – or an audiophile, you’d probably think twice before parting with top dollar for a premium sound system. If you’re neither, you’d also face some problems in setting up your speaker set for ...

  • BitX is the prettiest, most user-friendly Bitcoin wallet yet

    techinasia.com 12 Nov '14, 1am

    The Bitcoin hype has died down since the euphoric highs right around the beginning of 2014. But that does not mean the work of making the digital currency mainstream has ceased. One major obstacle is that getting, securing, and using Bitcoin is intimidating to non-geeks. Most consumer...

  • Xiaomi fans in Singapore can now go 4G with the new Redmi Note

    techinasia.com 10 Nov '14, 6am

    Singaporeans love their Xiaomi smartphones. Here’s proof: the launch of Xiaomi’s Redmi Note here about four months ago saw 5,000 units of the 5.5-inch phablet selling out in an astonishing 42 seconds . The Chinese smartphone company will hope to go one better on November 18 when its b...

  • Bitreserve and the bitcoin volatility problem

    techinasia.com 08 Nov '14, 1am

    Luis Buenaventura is head of product at Satoshi Citadel Industries , a Philippines-based Bitcoin startup. Ask anyone what the obstacles rallied up against mainstream Bitcoin adoption are, and you’ll get a similar response: regulatory uncertainty and technical complexity. Those are two...

  • The A-Z of Singapore startup grants and schemes

    techinasia.com 07 Nov '14, 4am

    I.JAM is an initiative started by the Media Development Authority. It is a grant scheme that doles out government money to startups through government-appointed private sector incubators. The funds are given out typically in two tranches. First is a small round of up to S$50,000 (US$3...

  • Buying mobile phones, gadgets, and computers in Singapore

    techinasia.com 07 Nov '14, 3am

    The most popular place to get gadgets or computer related components will be at Sim Lim Square , but try to avoid buying anything from the first two floors. I would recommend Fuwell at #04-02F/G or PC Themes at #04-19. Do note that most of the prices you see are for cash payment only,...

  • People in Singapore are getting a bad deal in property search. This startup wants to fix that

    99.co is a property site with a plan to one-up PropertyGuru

    techinasia.com 06 Nov '14, 1am

    Property search in Singapore is like a mirage. Yes, sites like PropertyGuru and iProperty are popular among Singaporean property seekers and real estate agents, but they’re more like online classifieds than true-blue search engines like Google. And there lies the fundamental problem. ...

  • This Malaysian taxi app is apparently the first in Asia to accept Bitcoin

    TaxiMonger is the first taxi app in Asia to accept Bitcoin

    techinasia.com 03 Nov '14, 8am

    Claiming to be the first taxi app in Asia to offer this, TaxiMonger believes that the 1,400 or so taxi drivers who use its app will help accelerate bitcoin usage in Malaysia. No additional hardware is required to process a payment – users simply send their bitcoin to the mobile app, w...

  • Now you can buy bitcoin with your Red Bull and chewing gum in 3,000 Taiwanese convenience stores

    Taiwanese convenience store chain Family Mart sells bitcoin

    techinasia.com 28 Oct '14, 6am

    One of the greatest challenges for bitcoin entrepreneurs is figuring out how to turn the esoteric cryptocurrency into something average consumers will understand. It’s not easy to get grandma excited about blockchains and ledgers, unless grandma is a libertarian who loves the deep web...

  • Singapore's startup scene is overrated.

    Singapore's startup scene is overrated.

    techinasia.com 25 Oct '14, 12pm

    It’s a tiny market that’s at odds with the region. Asia’s growth story is occurring in places like Indonesia and Vietnam. Many Singapore-based entrepreneurs are not adaptable enough to thrive in these countries as they are culturally more in-tune with the West and other developed mark...

  • From Russia to Singapore, this serial entrepreneur’s 21-year journey is astonishing

    This serial entrepreneur’s 21-year journey is astonishing

    techinasia.com 21 Oct '14, 8am

    Singapore is internationally known as a popular destination of choice when it comes to starting a business. All it takes is a stroll down Orchard Road, a major shopping street, and you’ll no doubt bump into people from all over the world who have immigrated to the Lion City to set up ...