Tech

Meal kits, food delivery and the death of the kitchen
(May 6): Even as algorithms, and the artificial intelligence that underlies them, these days decide what news stories we read or what we should buy or watch on TV or, indeed, what we should wear, state-of-the-art Machine Learning still has not advanced enough to beat home-cooked meals. Yet, how many of us have time to prepare meals every day. Clearly, where, what and when we eat is ...
China's electric car boom is only just getting started
SINGAPORE (Apr 29): Auto Shanghai, the annual motor show in April, is an icon of China’s audacious push to transform itself into the world leader in electric vehicles (EVs). Just as car enthusiasts and auto dealers go to the North American International Auto Show in Detroit in January and Tokyo Motor Show in October to see high-performance cars, they head for Shanghai to see state-of-the-art ...
Why investors should avoid hitching a ride on Uber's IPO
SINGAPORE (Apr 22): Investors who found some way to short the stock of Lyft, the No 2 ride-hailing player in the US, have had a great ride since its IPO three weeks ago. Lyft’s stock plunged to US$56.11 on April 15, down 22% from its IPO price, or 35% below its first trading day highs. There is a sense of déjà vu for tech investors. In May 2012, the much-anticipated IPO of social media ...
‘Bar is higher’ as tech shares soar, Singapore's GIC
(Apr 22): The head of Singapore’s sovereign wealth fund is undeterred by the sky-high valuations of tech companies. “Valuations are high!” Lim Chow Kiat, chief executive officer of GIC, said in an interview at the fund’s San Francisco office on Thursday. “We’re not necessarily scared by that. You just have to make sure you do your homework -- the bar is higher.” A recent rally ...
Keppel to develop first autonomous tug for Singapore waters
SINGAPORE (Apr 9): Keppel Singmarine, a subsidiary of Keppel Offshore & Marine (Keppel O&M) which is part of the Keppel Group, is set to develop Singapore's first autonomous tug. The project will involve modifying a 65mt tug by retrofitting advanced systems such as position manoeuvring, digital pilot vision, as well as collision detection and avoidance. An onshore command centre ...
Klook concludes US$425 mil series D funding with SoftBank-led round
SINGAPORE (April 9): Klook, the Hong Kong-based travel booking platform today announced the completion of its US$425 million ($575.3 million) series D funding after it raised over US$225 million in a series D+ round. The US$100 billion SoftBank Vision Fund led Klook’s latest funding round, which also saw participation from other existing investors including Sequoia China, Matrix ...
Great Eastern announces new initiatives including 'game changing' digital platform
SINGAPORE (April 8): Great Eastern Holdings today announced its rollout of Great Digital Advantage, a digital platform meant to serve customers into the digital future and in tandem, enhance agency efficiency, productivity and professionalism. This comes as part of the initiatives it recently launched to help its agency force “take advisory and customer experience to the next level”. In ...
Lyft's IPO and the future of ride hailing
SINGAPORE (April 8): On March 29, Lyft, the No 2 US ride-hailing player behind giant Uber Technologies, began trading on the tech-heavy Nasdaq bourse. As it entered the final stretch to its listing, Lyft had raised the price range of its IPO to between US$70 and US$72 a share, above the US$62 to US$68 range that its investment bankers had been marketing. The final price was US$72, which meant ...
Australia, Singapore to crack down on online media with new laws
SYDNEY/SINGAPORE (April 1): Governments in the Asia Pacific region are accelerating efforts to fight malicious use of online media, unveiling laws that make it easier to target websites which enable distribution of criminal or fraudulent content. Australia said it will legislate “tough” new laws to prevent social-media platforms from being “weaponized” by terrorists and extremists who ...
The big gaming leagues
Video gaming is fast becoming a mainstream moneymaker as investors and corporates tap into the pool of young consumers who have a proven propensity to be hooked. But esports ain’t easy. SINGAPORE (Oct 29): A decade ago, Terence Ting tried his hand at esports, or competitive, multiplayer electronic gaming. It was still a niche field, lacking the endorsement of big brands and backers who were ...