Alibaba Agreed To Invest 1B In Lazada

Alibaba recently announced that they have agreed to invest US$1B which is a controlling stake at Rocket Internet who owns one of Southeast Asia’s biggest e-commerce/online retail site, Lazada. According to reports, the deal in total will be worth US$1B. This would include US$500 million worth of newly issued stocks from Lazada and shares from existing shareholders. The breakdown of sale of shareholders to Alibaba are as follows: Rocket Internet will be selling its 9.1% stake in Lazada for US$137Million, they will still have a remaining 8.8% stake. Tesco will…

What It Means To Be Disruptive

Disruptor, a word that is being thrown from left to right. Especially so from companies and startups that are introducing a new app. One good example is Grab Taxi, now Grab. A taxi app that allows passengers to hail a cab using their smartphones. With just a few taps you are already on your way to hailing a cab, all you need to do is wait until a taxi driver accepts your request. At that point, you only have to wait for the cab to arrive at your location. Compare…

A Smarter Smartphone With Artificial Intelligence

Google and chip developer startup Movidius recently announced that they have entered into a deal with the goal of making android phones a lot smarter by allowing to “see” and “learn”. One day Google hopes that this project will end the processing time for android phones. What is Movidius Movidius is an Irish startup company that develops computer processors or chips that has the capability of mobile vision for mobile phones. Their technology provides for artificial vision intelligence not only for mobile phones but also for all connected devices. Their…

Startup Park The Home For Innovation at CES Asia 2016

Something exciting is going to be added in the upcoming CES Asia 2016! Staying true to its aim to highlight not only global brands but also Startups, CES Asia 2016 will be showcasing the Startup Park! The Startup Park was modeled after CES’ Eureka Park and it is going to be a new exhibit area for Startups for CES 2016. It is expected that CES 2016 will be bigger as compared last year because of the size of this years exhibit area which is twice as large compared to CES…

Google Founders Steps Up, Installs Sundar Pichai As CEO

In the recent announcement made by Google’s co-founder, Larry Page, via the Google Blog. He stated that He and his co-founder, Sergey Brin will be moving up to a new company that they created called Alphabet and leaving Sundar Pichai at Google’s helm. For those who invested on Google, do not fret the Co-founders did not abandon ship but rather moved a level higher. As announced Alphabet is actually bigger company that will be managing several companies under it, including Google, at the helm of Alphabet is Larry Page as…