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This is what a workday looks like for a CEO who runs his entire 40-employee tech company from a farm in New Zealand

Christian Mairoll is the CEO of Emsisoft — a company with no offices, where every single employee works remotely.  Mairoll now lives in New Zealand, where he manages employees in the U.S. and Europe in the early morning, and employees in Asia in the late afternoon. During midday, his work quiets down, so he'll take time to check on his sheep and chickens, do some gardening with his wife, or even go to the beach. For people looking to start a remote company, Mairoll advises them to hire emplo...
Tags: Google, Asia, Europe, Russia, Trends, Austria, New Zealand, Siberia, Silicon Valley, Marie Kondo, Emsisoft, Mairoll, Christian Mairoll, New Zealand Mairoll, Silicon Valley Ultimately Mairoll


E-commerce wars: Asia's richest man Mukesh Ambani goes after Jeff Bezos

Mukesh Ambani, Asia's richest man, is set to take on Amazon's Jeff Bezos in India as the billionaire magnate launches his own rival e-commerce venture in the world's second most populous country.Reliance Industries, the Mumbai-headquartered... [Author: [email protected]]
Tags: Amazon, Asia, Business, India, Jeff Bezos, Mumbai, Reliance Industries, Mukesh Ambani, Mukesh Ambani Asia


Nexit Ventures adds new partner to team

Finland and Silicon Valley-based Nexit Ventures has appointed Markku Mäkeläinen as a new partner. Previously, he worked at Facebook. PRESS RELEASE WASHINGTON, Jan. 18, 2019 /PRNewswire/ –Nexit Ventures, a venture capital company focused on digital disruption, has appointed Markku Mäkeläinen as a new partner. He joins Nexit at an exciting time, as the company targets for an even more central role in the fast-growing Nordic startup market. Mäkeläinen will focus on Nexit’s new investments and scali...
Tags: Facebook, Asia, Usa, Washington, US, San Francisco, Trends, People, Austin, United States, Finland, Silicon Valley, Helsinki, Baltics, Nordics, San Francisco California


Momo, Vietnam’s top payment app, lands big Series C investment led by Warburg Pincus

Fintech in Southeast Asia continues to pique the attention of global investors. Alibaba, Tencent and others have jumped into the region and deployed hundreds of millions of dollars, and now Warburg Pincus is joining them. The U.S-headquartered PE firm has led a Series C investment in Vietnam’s Momo, which claims to be the country’s largest mobile wallet company with 10 million downloads. Momo already has some big-name investors; Standard Chartered led a $28 million round in 2016 while G...
Tags: Apple, Google, Fundings & Exits, Facebook, Apps, Asia, Indonesia, Finance, China, Southeast Asia, Funding, Tech, Ceo, Philippines, Standard Chartered, Alibaba


Indonesian e-commerce unicorn Bukalapak raises $50M

The chances are you may be familiar with Tokopedia, especially after it commanded a $7 billion valuation last November when it raised $1.1 billion from investors like Alibaba and SoftBank’s Vision Fund, but fewer people outside of Indonesia are aware of another sizable local online retail unicorn: Bukalapak. Smaller than Tokopedia in size, the company is valued at $1 billion — it became Indonesia’s fourth unicorn one year ago. The country, which is Southeast Asia’s largest economy and has a popu...
Tags: Fundings & Exits, Ecommerce, Asia, Indonesia, Southeast Asia, Softbank, Funding, Insurance, Tech, E-commerce, Economy, Alibaba, Alibaba Group, Ant Financial, Sequoia, Online Marketplaces


This Chinese app reportedly maps nearby debtors to get you to shame them

We’ve known for a while now that China has a roadmap to implement a ‘social credit system’ for its citizens in 2020: the plan is to score people based on their interactions and infractions with public and private institutions, such as breaking traffic rules, and spreading misinformation online. This week, China Daily reported that North China’s Hebei province is putting that idea into practice in a small, but potentially damaging way: it’s highlighting debtors around you on a map displayed in a ...
Tags: Startups, Asia, China, China Daily, North China, Hebei province


Chinese province launches an app to highlight debtors around you

We’ve known for a while now that China has a roadmap to implement a ‘social credit system’ for its citizens in 2020: the plan is to score people based on their interactions and infractions with public and private institutions, such as breaking traffic rules, and spreading misinformation online. This week, China Daily reported that North China’s Hebei province is putting that idea into practice in a small, but potentially damaging way: it’s highlighting debtors around you on a map displayed in a ...
Tags: Startups, Asia, China, China Daily, North China, Hebei province


India gold demand lags on price surge; all eyes on Lunar New Year

Gold demand turned fragile this week in India as local prices jumped to their highest level in 2-1/2-years, while traders in major buying centres in Asia pinned hopes on purchases ahead of the approaching Lunar New Year.
Tags: Asia, Money, India, businessNews


Elon Musk says he's firing more than 3,000 Tesla staff because of pressure on profits and Model 3 production challenges (TSLA)

Tesla is laying off 7% of its employees, according to an email Elon Musk sent to workers. Musk said the job cuts are because of "tiny" profits and difficulties producing the Model 3. Musk did not specify which staff are most at risk of being fired, suggesting the layoffs could be spread throughout the company. The move comes as Tesla seeks to prove it can become consistently profitable. Tesla is laying off 7% of its employees, according to an email Elon Musk sent to workers on Friday, which ...
Tags: Asia, Europe, Elon Musk, US, Trends, Tesla, Earth, TSLA, North America, Musk, Don, GAAP, Linette Lopez, Powerwall, Mark Matousek


Elon Musk says he's firing more than 3,000 Tesla staff because of 'tiny' profits and Model 3 production challenges (TSLA)

Tesla is laying off 7% of its employees, according to an email Elon Musk sent to workers. Musk said the job cuts are because of "tiny" profits and difficulties producing the Model 3. Musk did not specify which staff are most at risk of being fired, suggesting the layoffs could be spread throughout the company and will not have a disproportionate effect on any single division. The move comes as Tesla seeks to prove it can become consistently profitable. Tesla is laying off 7% of its employees...
Tags: Asia, Europe, Elon Musk, London, US, Trends, Tesla, Earth, TSLA, North America, Musk, GAAP, Powerwall, Mark Matousek


Tesla is laying off 7% of its employees (TSLA)

Tesla is laying off 7% of its employees, according to an email Elon Musk sent to workers. The move comes as Tesla seeks to prove it can become consistently profitable. Tesla is laying off 7% of its employees, according to an email Elon Musk sent to workers, which was published on the company's website. The job cuts will impact more than 3,000 members of staff after Musk said last year that the electric carmaker had a workforce of 45,000 people. It follows a similar round of layoffs in June l...
Tags: Asia, Europe, Elon Musk, US, Trends, Tesla, Earth, TSLA, Tsa, North America, Musk, Elon, GAAP, Powerwall


Asian prices slip, but plant outages limit losses

Asian spot prices for liquefied natural gas (LNG) continued to fall this week as importers in North Asia have largely finished their purchases for winter, but losses were stemmed as plants closed for maintenance. Spot prices for March delivery to Asia this week slipped to $8.20 per million British thermal units (mmBtu), down 10 cents from the previous week, trade sources said.
Tags: Asia, Money, businessNews, LNG, North Asia


Global Markets: Asia stocks rise broadly on U.S.-China trade relief

Asian stocks rose across the board on Friday as a report of progress in U.S.-China trade talks stirred hopes of a deal in their tariff dispute and supported risk sentiment.
Tags: Asia, Money, China, businessNews, U S China


Global Markets: Asia stocks advance on U.S.-China trade relief

Asian stocks advanced on Friday as a report of progress in U.S.-China trade talks stirred hopes of a deal in their tariff dispute and supported risk sentiment.
Tags: Asia, Money, China, businessNews


Asia stocks gain on hopes for eased U.S.-China tension

Asian stocks gained early on Friday, as hopes for a thaw in the U.S.-China trade conflict fed investor appetites for risk assets.
Tags: Asia, Money, China, businessNews


As it seeks to grow in India, Netflix will censor itself to avoid a crackdown on offensive content

Netflix has agreed to a new code of conduct in India to avoid a censorship crackdown. Among other things, the new code prohibits content that promotes violence against India, and content that purposefully offends the religion of any group. Netflix ran into legal trouble in India last year with its first Indian original series, "Sacred Games," for an unflattering reference to the country's former Prime Minister. The streaming giant is trying to break out in the region, and announced eight new I...
Tags: Asia, China, India, Trends, Netflix, Delhi, IAMAI, Mobile Association of India IAMAI, Rajiv Gandhi, Hollywood Reporter Netflix


Asia Rice: India prices slip as demand lags; Vietnam awaits major harvest

Rice export prices slipped in India as the rupee weakened and demand waned, with a recent jump in prices for the top exporter's variety prompting buyers to turn to other markets such as Vietnam, where rates fell ahead of a major harvest.
Tags: Asia, Money, India, businessNews, Vietnam, Rice


Asia Coffee: Vietnam prices down ahead of Lunar New Year holiday

Vietnam's coffee prices fell on Thursday ahead of a week-long Lunar New Year holiday early next month, while Indonesian premium widened on empty stock.
Tags: Asia, Money, businessNews, Vietnam


Global Markets: Stock markets mixed in Asia, pound finds some peace

Asian stocks nudged higher on Thursday after see-sawing through a subdued session on concerns over China's economic outlook, while an anti-climactic end to the latest chapter in the Brexit saga offered sterling a moment's peace.
Tags: Asia, Money, China, businessNews, Brexit


Global Markets: Asia shares falter on China unease, pound finds some peace

Asian share markets faltered on Thursday as unease over China's economic outlook eroded early gains, though an anti-climactic end to the latest chapter in the Brexit saga did offer sterling a moment's peace.
Tags: Asia, Money, China, businessNews, Brexit


Asia shares edge up, pound gets moment's peace

Asian shares crept higher on Thursday as upbeat bank earnings bolstered Wall Street, while an anti-climactic end to the latest chapter in the Brexit saga gave sterling a moment's peace.
Tags: Asia, Money, businessNews, Brexit


A Harvard professor has a tip for entrepreneurs looking for the next big thing: Check out the electric-car market in China

In China, the electric-car market is "booming." That's according to Clayton Christensen, a Harvard Business School professor and an author of "The Prosperity Paradox." Christensen said electric cars in China are examples of "market-creating innovations," in that they make a product affordable and accessible to a broader swath of the population. In his new book, "The Prosperity Paradox," coauthored with Efosa Ojomo and Karen Dillon, Harvard Business School professor Clayton Christensen provide...
Tags: Asia, South Korea, Mexico, China, Trends, Tesla, Harvard, Beijing, United States, Electric, Wall Street Journal, Harvard Business Review, Christensen, Clayton Christensen, Harvard Business School, Clay Christensen


'Fortnite' and other free games raked in more than $87 billion last year, and the rest of the gaming industry is starting to take note

Free-to-play video games generated $87.7 billion in revenue during 2018, according to a new report from research firm SuperData. Asian players account for 62% of spending on free games, and seven of the top 10 grossing free-to-play games belong to Asian publishers. "Fortnite" was the top grossing game of 2018, free or otherwise, with an estimated $2.4 billion in revenue. Revenue generated by mobile games ($61.3 billion) exceeded the combined earnings of games on traditional video game consoles...
Tags: Asia, Europe, China, Trends, Sony, Nielsen, North America, SuperData, Fortnite, Fortnite League of Legends, SuperData North America


ReKTGlobal nets $10.8 mln Series A

ReKTGlobal, the parent company of esports company Rogue, has secured $10.8 million in Series A funding. Nick Gross, founder of Gross Labs, led the round. PRESS RELEASE NEW YORK CITY – January 16, 2019 – ReKTGlobal, the parent company of Rogue, today announces a $10.8-million Series A funding round. The global esports venture company’s financing was led by Nick Gross, an entrepreneur, philanthropist and musician, who is founder of entertainment and media company Gross Labs and will now join the b...
Tags: Asia, Europe, Gross, New York City, Trends, Fifa, North America, Seoul, Shah, Berlin Germany, Benjamin, National TV, Lupo, Las Vegas NV, Derek Nelson, North America Europe


SoftBank Ventures Asia recruits Lee as CFO

SoftBank Ventures Asia, SoftBank Group‘s early-stage investment vehicle, has hired Seung Lee as chief financial officer. Lee’s background includes working for more than 15 years at Morgan Stanley‘s Hong Kong and Seoul office. PRESS RELEASE SEOUL, South Korea, Jan. 15, 2019 /PRNewswire/ — SoftBank Ventures Asia, the early-stage investment vehicle of the SoftBank Group, has hired a chief financial officer. Seung Lee, the new CFO, will be responsible for the management of the global funds and the l...
Tags: Asia, Hong Kong, Softbank, Trends, People, Silicon Valley, Morgan Stanley, Seoul, Stanford University, Yale University, Lee, Seoul South Korea, SoftBank Group, BEIJING SINGAPORE, Seung Lee, JP Lee


Instamojo raises $7M to help SMEs and ‘micro-entrepreneurs’ in India sell online

In India, startups are quietly building the tools and platforms to enable a different kind of gig economy: one that allows ‘micro-entrepreneurs’ to tap growing access to the internet to sell goods and services online. One such figure helping this burgeoning economy is Instamojo, a seven-year-old Bengaluru-based startup, has pulled in a $7 million Series B as it aims to grow its reach to over one million SMEs and micro-SMEs in India. Founded in 2012 as a side-project, Instamojo offers independ...
Tags: Fundings & Exits, TC, Facebook, Ecommerce, Asia, Southeast Asia, India, Funding, Africa, Tech, Economy, King, UPI, Bengaluru, Paytm, Kalaari Capital


Asian shares higher despite growth worries, Brexit limbo

SINGAPORE (AP) — Shares were mostly higher Wednesday in Asia as investors shrugged off the parliamentary vote against British Prime Minister Theresa May's plan for leaving the European Union. Weak Japanese data pulled the Nikkei 225... [Author: [email protected]]
Tags: Asia, Business, Singapore, Ap, Theresa May


Asia moves to reassure firms as Brexit uncertainty spikes

Countries in Asia push forward with trade negotiations to calm businesses as Brexit uncertainty rises.
Tags: Asia, Business, Brexit


Global Markets: Asia shares subdued after May's Brexit vote defeat, pound steadies

Asian shares took a breather on Wednesday after rallying the previous day on Chinese stimulus hopes, with investors assessing Brexit options after British lawmakers trounced Prime Minister Theresa May's deal to withdraw Britain from the European Union.
Tags: Asia, Money, businessNews, Britain, Theresa May


Global Markets: Asia shares subdued, May's Brexit options eyed after crushing vote defeat

Asian shares took a breather on Wednesday after rallying the previous day on Chinese stimulus hopes, with investors assessing Brexit options after British lawmakers trounced Prime Minister Theresa May's deal to pull out Britain from the European Union.
Tags: Asia, Money, businessNews, Britain, Theresa May



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