Singapore

  • Uber knowingly leased recalled vehicles to its drivers in Singapore

    Uber knowingly leased recalled vehicles to its drivers in Singapore

    Uber is in the spotlight for shady operations once again after a report revealed that the U.S. ride-hailing giant knowingly leased cars that were subject to a recall to drivers in Singapore. A Wall Street Journal report exposed the events which took place in 2016 and centered around the Honda Vezel, one of a number of vehicles that Uber purchased and then made available for drivers to lease… Read More

  • Singapore, like the US, says it may regulate some ICOs

    Singapore, like the US, says it may regulate some ICOs

    Less than a week after the SEC said that it may regulate certain crypto token sales, better known as ICOs, Singapore has followed suit to say it too will regulate offerings that are deemed to be securities. Already a global financial hub, Singapore has developed into a destination of sorts for ICOs, with the likes of TenX ($80 million), Golem ($8.6 million) and Qtum ($15.6 million) among those… Read More

  • Amazon Prime Now launches in Singapore, its first market in Southeast Asia

    Amazon Prime Now launches in Singapore, its first market in Southeast Asia

    It’s official — Amazon has launched its Prime Now delivery service in Singapore, its first market in Southeast Asia. The Amazon apps went live in Singapore early last night local time, and Prime Now — an aggressive two-hour delivery service — is available to Singapore’s population of over five million people from today. Read More

  • Amazon prepares to enter Southeast Asia via Singapore launch

    Amazon prepares to enter Southeast Asia via Singapore launch

    Amazon is continuing its international expansion push with the launch of its services in Singapore coming imminently. The arrival could happen as soon as this week, according to a source with knowledge of the plans, and it will mark Amazon’s entry into Southeast Asia. The launch will see Amazon Prime, Amazon Prime Now fast delivery and Amazon’s regular e-commerce services… Read More

  • Naked Hub emerges as WeWork’s main competitor in Asia

    Naked Hub emerges as WeWork’s main competitor in Asia

    Hours after WeWork announced plans to move into Japan, one of the U.S. co-working giant’s chief rivals made a move to increase the competition in Asia. Naked Hub, which was born out of China-based luxury resort company Naked Group, today announced a merger deal with JustCo, a fast-expanding co-working firm located in Singapore. It also revealed that it is working to finalize a $200… Read More

  • Game studio Mighty Bear rises from the ashes of King’s former Singapore office

    Game studio Mighty Bear rises from the ashes of King’s former Singapore office

    Office closures don’t just mean unemployment and uncertainty, they can lead to new opportunities. That’s the case for Mighty Bear Games, a Singapore-based games studio that grew out of the closure of King.com’s local office. As part of streamlining following its $5.9 billion acquisition by Activision, King.com shut down the Singapore office it picked up when it bought Non… Read More

  • Gaming firm Razer seeks to raise over $600M in Hong Kong IPO

    Gaming firm Razer seeks to raise over $600M in Hong Kong IPO

    Gaming firm Razer has filed to go public through an IPO in Hong Kong as it looks to raise more than $600 million to go after growth opportunities. The U.S.-based company, which traces its origins back to Singapore, filed initial paperwork on Friday. Certain details — such as how much Razer is looking to raise, its valuation and the timing of the IPO — are not disclosed in the… Read More

  • Garena rebrands to Sea and raises $550 million more to focus on Indonesian e-commerce

    Garena rebrands to Sea and raises $550 million more to focus on Indonesian e-commerce

    Garena, one of Southeast Asia’s biggest tech startups, has picked up $550 million in new funding and changed its name. The Singapore-headquartered consumer Internet company told Bloomberg that it is now called Sea Ltd. to reflect is global expansion plans (and also because SEA is an acronym for Southeast Asia). Its new valuation was undisclosed. Read More

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