Tech in Asia — There’s a US$200 billion opportunity in Southeast Asia for tech entrepreneurs and investors, according to research by Google and investment firm Temasek. The two industry heavyweights revealed their findings during the E-conomy SEA event in Singapore today. A slideshow containing key conclusions from the research is embedded below and also available to view here.
SingEx Exhibitions, a subsidiary of SingEx Holdings which is wholly owned by Singapore’s investment company Temasek Holdings, signed a Memorandum of Understanding (MOU) with Sichuan Donnor Exhibition today. The MOU marks the start of the strategic cooperation between the two parties to launch the IoT event brand in China.
Temasek Polytechnic (TP), Pivotal Software, and EMC Computer Systems have entered into a strategic partnership to launch the TP-Pivotal Data Science Academy in Singapore. The academy is one of the first in Asia Pacific as it combines a practical education, software defined analytics platform, dedicated lab space and certification into a streamlined program for aspiring data scientists and big data engineers.
BEIJING — 21Vianet Group, Inc. (Nasdaq:VNET) (“21Vianet” or the “Company”), a leading carrier-neutral internet data center services provider in China, announced today that affiliates of Kingsoft Corporation Limited (HK:3888) (“Kingsoft”), a leading internet based software developer, distributor and service provider, Xiaomi Corporation (“Xiaomi”), a leading designer, manufacturer and marketer of mobile devices and other electronic equipment and a provider of internet services, and Temasek, a Singapore based investment company, have entered into definitive share purchase agreements with 21Vianet. All shares to be issued in these transactions are newly issued shares of 21Vianet.
Tencent has just revealed its Q1 2014 financials. Before we look at those, it’s worth focusing on WeChat, its hit messaging app. WeChat has now grown to 396 million monthly active users. That’s up from 355 million at the end of 2013, and has more than doubled from 195 million exactly a year ago. Here’s our updated chart:
As it approaches its 40th year, Singapore investment giant Temasek is stretching its legs, moving away from its finance-based comfort zone into sectors such as retail and African resources to ensure future growth, analysts say. With worldwide holdings worth S$215 billion (HK$1.33 trillion) at the end of March, Temasek is listed as one of the top 10 global players by the United States-based Sovereign Wealth Fund Institute. Its wide spectrum of interests spans banking, telecommunications, transport, life sciences and property, while more than 70 per cent of its investments are in Asia.
Online education platform and English-learning institution TutorGroup announced it has raised $100 million in strategic funding from Alibaba, Temasek Holdings, and Qiming Venture Partners. The latest figure adds to its $15 million round raised in April 2012. According to a report by VentureBeat, with its new funding from Chinese and Singaporean investors, it plans to build its brand within the Asia region.