Author: Karamjit Singh
Business research and consulting firm Frost & Sullivan recently announced it had chosen Malaysia as the hub for its Global Innovation Center of Excellence with five such centres to be located in Medini, Iskandar employing 830 knowledge workers.
Carlist.my, which was launched in 2009, now has a new shareholder in the form of Catcha Media, which took a 50% stake, valuing the country’s leading car site at RM10 million (US$3.2 million).
Doorstep.com.my, an online retail business focused on the corporate market, has seen a quantum leap in revenue within a year. It is now looking for a strategic partner for an equity injection to help it expand into new markets.
The Asian Business Angels Forum (ABAF), being held May 23-25 at the Marriott Hotel in Kuala Lumpur, kicked off with a pre-conference training day which saw hundreds of eager start-ups hungry to get feedback from regional angel investors on the viability of their products and go-to-market strategy.
The market that DiGi built a multibillion-ringgit business in over the past 10 years has stopped growing, and will be further diminishing in importance. Its CEO Henrik Clausen tells Digital News Asia how he and his company are facing that reality.
MSC status company Exabytes Network Sdn Bhd recorded around US$4.8 million revenue for 2011, a 30% jump over 2010. Profits, at US$670,000, were up 80% over 2010. The company is now expanding into Singapore and eyeing an eventual listing.
Exabytes and MOLPay have forged a pact to jointly provide Malaysian merchants with a fast, easy and affordable payment gateway system to enable e-commerce.
Heikal M. Ali, executive director of Jalenas, still dreams of providing affordable high-speed broadband to Malaysians, and is putting his money where his mouth is.
The man behind virtualmalaysia is now building a travel platform that he reckons will be the global standard for matching B2C travel packages to allow travelers to make smarter buying choices. To read the free version of this article, go here
The inaugural 1337 Bus Hackathon got off to a great start, with close to 30 participants involved. DNA founder and CEO Karamjit Singh spent some time with the programming geeks to get a glimpse into what the community can do and reports from it.