Author: Khoo Hsu Chuang
Banks are throwing money at FinTech, hoping to crack the code. But will they move fast enough and invest wisely enough to succeed? That’s the 64-million-dollar question.
Tech, almost single-handedly propping up American third-quarter corporate earnings, has truly come of age. No longer the exception but the norm, the lesson for Malaysia is clear. The Digital Economy is a cornerstone of the economy, not an afterthought.
After eight long years of easy money policies, normalcy is returning to financial markets, bringing a dose of reality to tech startups. By refocusing away from valuations, capital raising and expansion and returning to business basics, startups able to marry the old and new economies are best-poised for success
KWAP has travelled up the risk curve in its search for yield with a US$30 million investment in Uber. But it’s far from a shoo-in, thanks to bubble-like valuations at the ride-hailing giant and an IPO market that may not have the ammo – or temperament – for a unicorn this size.
Malaysia says it is serious about the Digital Revolution, but is it really, poses Khoo Hsu Chuang