Accelerators & Incubators
Policy & Regulation
APAC Smartphone Market Value Drops 20% in First 7 Months of 2020, Report Found
The report also found that the COVID-19 pandemic has altered consumer spending on smartphones, with more turning to low- to mid-range devices that offer more value for money.
China's Vivo Beats Samsung to Become Top-Selling Phone Brand in Indonesia
Vivo leads the market with 21.2%, beating the usual top seller, Samsung, which came third with a 19.6% share.
Gopay Is The Most Popular E-Wallet in Indonesia: Survey
Behind GoPay are following Ovo and Dana, for MAU as well as downloads. Both platforms retained their positions from Q2 2019. Government-owned e-wallet LinkAja came in fourth.
Shopee Becomes Singapore’s Top E-Commerce Platform as Online Shopping Surges
Shopee’s performance has been driven in part by marketing initiatives during the circuit-breaker period, such as a shop-from-home campaign to push brands to sell more online, the 4.4 Flash Sale.
Indian Amazon Outpaces Flipkart as Online Sales Revive Smartphone Demand in Q2
Amazon surpassed Flipkart with a share of 47% in all online sales, while Flipkart had a 42% share.
India Digital Payments to Grow 2X, Touch $60 Tn Mark by 2022: Report
Moreover, the report mentions that mobile payments are likely to outplay other forms of digital payments and grow at a 60% compounded annual growth rate (CAGR) to reach $900 Bn by 2025.
Southeast Asia to See 310m Digital Consumers by End-2020
That means almost 70% of the region's population that are 15 years old and older will go digital by end-2020, and the average online spending per person will triple from 2019 to $429 in 2025.
UPI QR Caters to 250 Mn Transactions Monthly, But Numbers Still Low, Says RBI
NPCI, in March 2018, had made it compulsory for every UPI application such as Google Pay, PhonePe, Paytm and others to all customers to scan Bharat QR codes and respond to merchants' payment requests.
India Records 2.7 Bn Game Downloads in Q2 2020, Highest in The World
India saw close to 2.7 Bn game downloads in Q2 2020 which was 50% more than the 1.8 Bn downloads in Q1.
Greater China-Based Companies Raise $9.5b in The Second Quarter
Companies in the healthcare and allied segments, as well as those in the education and software market, were among the biggest beneficiaries in the second quarter.
Robust Second Quarter for Southeast Asian Startups But Speed Bump Ahead
Q2 2020, the quarter saw at least 184 deals, up 26 per cent over Q1, and 63 per cent over the second quarter of last year.
JD.Com And Netease IPOs Lead Capital Boom in Hong Kong This Year
The Hong Kong Stock Exchange (HKEX) welcomed 64 new stocks and 59 IPOs in the first half of 2020, including those listed on its mainboard and the Growth Enterprise Market, around 20% less than the same period in 2019.
UPI Hits All-Time High with 1.34 Bn Transactions in June
The National Payments Corporation Of India (NPCI) said that the Unified Payments Interface (UPI) recorded 1.34 Bn transactions worth INR 2,61,835 Cr in June 2020.
China’s Cloud Gaming Market Expected to Quadruple in Size by 2022 Amid 5G Push, Report Says
In its 2020 Cloud Game Industry Survey Report, the Beijing-based firm said it expects the country's cloud gaming market to be worth RMB 1 billion (USD 141 million) in 2020 and at least RMB 4 billion by 2022.
India: Edtech Startups Witness Massive Jump in VC Deals in H1 2020
In the first six months of 2020, venture capital firms (VCs) have shown a clear preference for ed-tech startups with $795 million raised compared to $108 million in the year ago period.
The Top 10 Chinese Semiconductor Startups to Watch
China has prioritized the development of computing chip technology to cut reliance on foreign imports, leading to a wave of local semiconductor startups.
India Overtakes China in Fintech Funding in Jan-March Quarter
Indian fintech startups attracted VC investments of more than $330 million in the March quarter against China’s approximately $270 million.
TikTok Joins Paytm, Jio In India’s Top Digital Brands In Comscore Report
Google has emerged as the top multi-platform digital brand in India for March 2020
Rural Surge Pushes Internet Usage Mark Over 500 Mn In India: IAMAI
Out of the total internet users in the country, 433 Mn are aged more than 12.
Q1 Sees 14% Less Job Openings in China, While Demand from Livestreaming Industry Surges 84%
In the first quarter of 2020, the number of job postings in China has declined by 24% year-on-year.
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