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Tencent kills Shazam
Innovation is the heart of every successful startup – but it alone can only take you so far. Entrepreneurs with budding ideas should be on the lookout for the right exit opportunities.
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MomentumWorks
Momentum Works builds, scales and manages tech ventures across the emerging world, with a particular focus on Southeast Asia. We combine strategic understanding, execution experience, network of partners, and a great team to make things happen. In addition to building ventures and joint-ventures, we also consult on strategy, venture financing & all areas of operations. Website: www.momentum.asia Our blog: http://thelowdown.momentum.asia/
It’s a market full of potential and any form of investment must be seen as long-term. Investing now rather than later is critical so as to have a foot (or a toe) in a market which is expected to be the 4th biggest economy by 2050.
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Apply these three principles when you prepare for the rainy days.
On May 18, it was announced that Lu Qi stepped down from daily operations “for personal reasons”.
Is that true? Not really!
The challenge is great, but the market also has great potential as there is not yet a dominant player.
Go-Jek is indeed doing the right thing by attacking Grab’s core markets: the Philippines, Thailand, Vietnam and Singapore. Now (or soon) when the users have a taste of how monopoly is like, they will flock to anyone who offers a choice.
It all feels like Déjà Vu - what is happening now to Uber Southeast Asia & its employees.