Investment in over-the-top (OTT), the delivery of premium video content over the internet, is continuing to rise rapidly around the globe with spend set to reach $129.3bn within the next five years. According to Warc’s latest report, $46.6bn – or 36 per cent – of OTT investment will be spent by advertisers on ad-funded video-on-demand […]
Internet of Things (IoT) has reached the stage of early mainstream adoption, with over half of business and IT leaders expecting RoI from IoT projects within three years. The study, from Fujitsu, signals that the days of simply experimenting with IoT projects are now consigned to the past. Fujitsu commissioned IDG Connect to better understand […]
SVPER, the social, instant video-only app for forming new real-life relationships in real time, announced that it has further diversified its global network of partners in the blockchain industry and gained two new strategic investors ahead of its pre-sale. The two new investors are LBank, a Superior and Specialized Digital Exchange, and DAEX Blockchain Group […]
After months of rumours, Indonesian ride-sharing platform Go-Jek has announced plans to expand its operations into four new Asian markets as part of a US$500 million investment and growth strategy. The new markets are Singapore, Vietnam, Thailand and the Philippines, which the company says in a statement it will enter “within the next few months”. […]
Alcheme, a rising player in the skincare scene, recently closed a round of seed funding, led by DSG Consumer Partners, an investment company based in Singapore that focuses on consumer businesses in Southeast Asia and India, as well as private investor Kenneth Bishop. With the funding, Alcheme will focus on product and market development, as […]
Foodpanda India will spend Rs 400 crore ($60 million) to hire 25,000 riders and improve its online food delivery network as it looks to take on Naspers-owned Swiggy and Alibaba-backed Zomato. The fresh investment would focus on scaling up technology to provide a robust backend and provide assistance through their own delivery network, Ola Cabs, […]
Google has confirmed its investment in Go-Jek, the hail-railing service that rivals Uber and Grab in Indonesia. TechCrunch reported the investment earlier this month, which was made alongside China’s Meituan-Dianping and Singaporean sovereign fund Temasek. The trio were part of a final tranche of a $1.2 billion round that Go-Jek began negotiating on last April, […]
A week after renewing its partnership with Eros International, Reliance Jio, the Mukesh Ambani-led telecom operator has now joined hands with ALTBalaji, the over-the-top (OTT) content provider, to offer the latter’s content on Jio Cinema and Jio TV – a move aimed at countering Bharti Airtel, which has been making efforts to bolster its content play […]
Following a series of scandals for YouTube’s video-sharing network, the company has announced it’s investing $5 million in creators who use the service in “positive ways” to create change and empower young people. The investment is going towards YouTube’s Creators for Change, its two-year old program focused on countering hate and promoting tolerance. In its […]
Google has yet more news from China after the U.S. search firm announced a patent cross-licensing agreement with Chinese tech giant Tencent. The terms were not disclosed, but Google said the tie-in with Tencent, which is valued at over $500 billion, covers “a broad range of products and technologies” and is “long-term.” The two firms […]