Vietnam emerges as the highest funding vacation spot in SEA in 2021; The native tech startup ecosystem has considerably benefited from the younger, tech-savvy inhabitants and progress of the middle-class; In 2019, Vietnam’s startup scene raised US$861M; Regardless of the COVID-19 snag, the traits for the following 12 months present they’re nonetheless within the working to be on the prime of the area’s funding listing. Extra right here
World VC funding to feminine founders dropped dramatically this yr; Crunchbase knowledge exhibits greater than 800 female-founded startups globally have obtained a complete of US$4.9B in enterprise funding in 2020, representing a 27% lower over the identical interval final yr. Extra right here
SEA to drive world demand for e-commerce; Singapore, Malaysia, Indonesia, Philippines and Vietnam are the highest 5 markets; Singapore’s e-commerce market has superior quickly over latest years, however 2020 noticed customers within the nation improve the worth of their on-line transactions by 51% throughout Shopee, Lazada, Qoo10, Amazon and Ezbuy. Extra right here
Asia is prepared for a digital banking revolution; Within the subsequent 3 years, Asia will see 50+ new digital banks that may fully change the monetary providers panorama; The area will even see broader adoption of blockchain know-how with new non-public exchanges, multi-currency e-wallets and digital belongings. Extra right here
Vietnam digital growth among the many quickest on the earth; The nation scored 62.37 factors in digital evolution momentum, standing behind China (85.51 factors), Azerbaijan (65.28), Indonesia (64.03) and India (62.95); The important thing drivers had been provide situations, demand situations, institutional surroundings, and innovation and alter. Extra right here
Thailand working to upskill vocational college students in robotics; The scheme goals to cater to the anticipated demand for 200K robotics-trained staff by 2024; It is going to start with mechatronics and robotic programs of the Human Capital Wonderful Heart, that are taught to a complete of 5,200 college students yearly at 161 non-public and state colleges. Extra right here
Aged 2.0: China appears to be like to faucet digital ‘silver greenback’; Manufacturers worldwide are chasing the so-called “silver greenback” and governments are also eager to get aged financial savings flowing into economies to spice up progress; Most retirees in China are eager to undertake new tech and faucet right into a rising vary of cell providers catering to them. Extra right here
Chinese language firm develops sensorless movement seize know-how; YunBo’s know-how doesn’t require folks to put on inertial sensors or markers; Photos taken with strange cameras are analysed utilizing AI to precisely report physique actions and reproduce even finger motions and facial expressions. Extra right here
Japan help group for startups targets enterprising foreigners; BooSTAR X plans to arrange an funding fund subsequent yr to help overseas residents trying to turn out to be entrepreneurs; Whereas foreigners account for greater than 20% of graduate college college students within the nation, the ratio of foreigners to entrepreneurs is lower than 2%. Extra right here
How Japanese startup ecosystem fared within the time of disaster; The nation has witnessed some fascinating traits rising within the creation of the pandemic; There was a progress of SaaS startups by way of catalysed digital transformation led by the federal government, rising SaaS adoption in enterprises, and maturing capital markets for the startup ecosystem. Extra right here
Tencent-backed Chinese language edutech startup baggage US$210M in spherical led by TPG’s fund; Meishubao applies AI and AR to offer on-line arts classes for customers aged between three and 18 years outdated; The corporate claims that it has practically 1K workers and over 20K lecturers on the platform; It has over 5M registered customers and a complete of 500K paying customers throughout 160 international locations. Extra right here
Cybersecurity to stay sizzling within the new yr; Based on Crunchbase knowledge; the sector noticed greater than US$8.1B invested so far globally this yr v/s US$7.4B globally final yr; Cybersecurity as a complete will see excessive single-digit to low double-digit progress in spend subsequent yr, with strategics and buyers eyeing larger slices of the pie. Extra right here
Knowledge will assist PPP construct future resilience in SEA. Right here’s how; Throughout the globe, the monitoring and analysing of massive knowledge for actionable insights is being put to make use of; However state-sanctioned measures or corporate-led campaigns can solely go up to now; To make an actual impression, the private and non-private sectors should work collectively, sharing data and mixing sources. Extra right here
Philippine digital progress and resilience spurred on by new grant; The World Financial institution unveiled the granting of a US$600M grant known as Selling Competitiveness and Enhancing Resilience to Pure Disasters Improvement Coverage Mortgage that will probably be used to undertake a string of digital applied sciences within the nation. Extra right here
Vietnamese OTT app Zalo debuts AI-powered digital assistant; Referred to as Kiki, the assistant gives providers to help driving, listening to music, and language translating; It could actually assist with calculations, climate updates, and has an data search command. Extra right here
Spanish laundry startup Jeff increasing into Philippines; It gives options for entrepreneurs who can launch their very own enterprise after selecting from the model’s vary of enterprise strains: home-delivered laundry and dry cleansing, magnificence, health, and wellness providers; Jeff lately raised US$21M from buyers akin to Alibaba, Dropbox, Uber. Extra right here
Seoul Fintech Meet helps SEA startups on world market entry; Seoul Fintech Lab and Singapore Fintech Affiliation agreed on cooperation to develop the fintech trade and foster fintech startups, elevating expectations to play essential roles in shared progress of each cities. Extra right here
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