Bloomberg — Southeast Asia’s Internet economy, spanning online shopping to games and advertising, will surge sixfold to about $200 billion in the next decade, according to joint research by Google Inc. and Temasek Holdings Pte.
ZDNet — e-Cop has relaunched with a new brand name and hopes of capturing more market share, by touting itself as one of few vendors that offer both physical and cyber security products. Renamed Quann, the Singapore home-grown security vendor also unveiled plans to grow its revenue four-fold over the next four years, with plans to expand into international markets and new security domains.
JD.com, China’s second largest ecommerce site, today received a US$17.2 million investment from Singapore state-owned investment firm Temasek, according to a filing with the U.S. Securities and Exchange Commission. The investment would translate to a stake of 0.06 percent for Temasek, according to Bloomberg data. This comes hot on the heels of the ecommerce company’s US IPO earlier this year in May, where they raised US$1.78 billion. Temasek’s backing will no doubt further boost investor confidence in JD.com. At the same time, Temasek put US$12.8 million into Chinese security software firm Cheetah Mobile.