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BUSINESS

Facebook shares collapse after TikTok steals user attention

Bloomberg News, Published on 03/02/2022

» Facebook’s user growth faltered in the latest quarter, the first stagnation in the social network’s history, part of dire earnings that caused Meta Platforms Inc’s stock to collapse 20% in pre-market trading on Thursday, wiping about $200 billion from its market value.

BUSINESS

YouTube going to hide 'dislike' counts

Business, Bloomberg News, Published on 12/11/2021

» YouTube will no longer show the number of "dislikes" on videos, an attempt to make the platform more hospitable to creators.

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BUSINESS

SE Asia digital economy to reach $363bn by 2025

Bloomberg News, Published on 10/11/2021

» Southeast Asia’s booming internet economy is set to double to $363 billion by 2025, eclipsing the previous forecast of $300 billion, research from Google, Temasek Holdings Pte and Bain & Co shows.

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BUSINESS

Richest families in SE Asia look for the next unicorn

Bloomberg News, Published on 18/10/2021

» Some of Southeast Asia’s old-money tycoons are boosting investment in technology startups, looking to ride a wave of surging valuations as they seek to counter the fallout of the pandemic on businesses ranging from retail to hospitality and manufacturing.

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BUSINESS

Singapore has a new richest person with B643 bn fortune

Bloomberg News, Published on 31/08/2021

» Forrest Li, Sea Ltd’s billionaire co-founder, chairman and chief executive officer, has become Singapore’s richest person as shares of his company surged.

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BUSINESS

Gojek to merge with Tokopedia to create Indonesia tech giant

Bloomberg News, Published on 17/05/2021

» Indonesia’s ride-hailing and payments giant Gojek agreed to combine with e-commerce pioneer PT Tokopedia to create the largest internet company in the world’s fourth most-populous nation.

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BUSINESS

Emerging markets stumble as US-China tensions return

Bloomberg News, Published on 24/05/2020

» Just as early bets on an emerging-market recovery start fuelling appetite for stocks and currencies, an old bugbear is reappearing to haunt investors: US-China tensions.

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BUSINESS

Singapore sees ‘strong interest’ in digital bank licences

Bloomberg News, Published on 07/01/2020

» SINGAPORE: Singapore has received “strong interest” in its effort to open up the banking industry to fresh competition after 21 groups made bids for digital licences, the financial regulator said.