technology

WeWork fiasco and the growth-at-all-costs model

SINGAPORE (Oct 7): Corporate sagas often unfold excruciatingly slowly. Over the past two years, several high-profile, fast-growing, overhyped venture capital (VC)-funded companies have imploded. There was Theranos, a blood-testing start-up founded by charismatic young college dropout Elizabeth Holmes at the age of 19, which took more than a year to unravel under the glare of negative headlines that accused it of being a scam.

Is aggregator Roku the best way to play streaming?

SINGAPORE (Sept 16): Where might investors find more value in technology? In software or hardware? In a creator of original content or an aggregator? Conventional wisdom is that software, particularly one offered on a subscription basis, where sellers rely primarily on recurring revenues, offers far better value than hardware. Moreover, creating content is seen as a more valuable proposition than aggregating content.

Is Peloton the Netflix or Apple of fitness?

SINGAPORE (Sept 9): What would you be willing to pay for happiness? Okay, let me rephrase my question: If happiness was an IPO, with investment banking behemoths such as Goldman Sachs Group and JPMorgan Chase & Co lead managing its underwriting, what sort of valuation multiple would you be willing to pay? I will make it easier for you: Does 15 times annual sales sound like a reasonable ballpark?

Singapore tries to find its own path in clash of AI superpowers

SINGAPORE (Sept 4): The escalating trade war between the US and China is chilling global collaboration that has long driven breakthroughs in technology and science. The tiny island nation of Singapore is trying to carve out an independent role in the clash and demonstrate the advantages of cooperation in fields like artificial intelligence.

Debate between Tesla's Musk and Alibaba's Ma leaves audience awestruck

SINGAPORE (Sept 2): Elon Musk and Jack Ma matched wits publicly for the first time. And boy, they did not disappoint. An onstage debate between China’s richest man and the Tesla boss left a largely Chinese audience both awestruck and dumbfounded as the pair sparred over everything from the existence of aliens to the preservation of human consciousness.

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What's behind Alibaba’s quest to raise US$30 billion?

SINGAPORE (Aug 12): Why would a hugely profitable, cash-flush firm raise more money than has ever been raised by a listed company? That is the question befuddling investors. Hangzhou-based, New York-listed e-commerce behemoth Alibaba Group Holding, China’s largest company by market capitalisation, currently has nearly US$30 billion ($41.46 billion) in cash and cash equivalent on its balance sheet. Two months ago, Alibaba filed with Hong Kong’s Securities and Futures Commission to raise at least US$20 billion more in a secondary listing in Hong Kong later this year.

What's behind Alibaba’s quest to raise US$30 billion?

SINGAPORE (Aug 12): Why would a hugely profitable, cash-flush firm raise more money than has ever been raised by a listed company? That is the question befuddling investors. Hangzhou-based, New York-listed e-commerce behemoth Alibaba Group Holding, China’s largest company by market capitalisation, currently has nearly US$30 billion ($41.46 billion) in cash and cash equivalent on its balance sheet. Two months ago, Alibaba filed with Hong Kong’s Securities and Futures Commission to raise at least US$20 billion more in a secondary listing in Hong Kong later this year.

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How Shopify turned a reality TV star into a billionaire

SINGAPORE (Aug 5): Who was the youngest person ever to become a billionaire? Here’s a clue: Forget Silicon Valley tech entrepreneurs who started software or internet firms from their university dorm room or their parents’ garage. Last year, Kylie Jenner, the youngest of the Kardashian-Jenner reality TV star brood that includes her famous half-sisters Kourtney, Kim and Khloé, and sister Kendall, became a billionaire in her own right at the ripe old age of 20. 

How Shopify turned a reality TV star into a billionaire

SINGAPORE (Aug 5): Who was the youngest person ever to become a billionaire? Here’s a clue: Forget Silicon Valley tech entrepreneurs who started software or internet firms from their university dorm room or their parents’ garage. Last year, Kylie Jenner, the youngest of the Kardashian-Jenner reality TV star brood that includes her famous half-sisters Kourtney, Kim and Khloé, and sister Kendall, became a billionaire in her own right at the ripe old age of 20. 

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Hashtacs aims to simplify processes in financial sevices sector with blockchain

SINGAPORE (July 19): Jay Ng had a near-death experience in the UK a couple of years ago, when London was experiencing a fintech boom.

While he was lying in a hospital bed, three things came to mind: health, relationships and social impact.

At his previous job at URA, Ng was already managing a portfolio with assets worth about $1 billion, but he did not think he was making a significant social impact.

Later, a chance meeting with an old classmate caused Ng to think of marrying his knowledge of asset and fund management with blockchain technology.

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