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Singapore’s Starhub launches what it claims is the world’s first telco-backed crowdfunding platform

Apr09
by on April 9, 2014 at 6:55 am
Posted In: Around the Web, Asia, crowdfunding, Singapore

Cash money
Singapore carrier StarHub announced the beta launch of a crowdfunding platform for Asia-based entrepreneurs today, called Crowdtivate. Touted as the world’s only telco-backed crowdfunding site, Crowdtivate also seems to act as an extension of Starhub’s interests — the carrier intends to keep a close eye on projects emerging there and eventually give a boost to the promising ones. “With Crowdtivate, we aim to tap into a continuous source of innovative and creative ideas from local inventors, and ultimately help them grow as a future business or incorporate them into our service platforms,” Stephen Lee, StarHub’s head of its i3 (Innovation, Investment, Incubation) division,…

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a couple of laughzillas on a blue diamond background

Alibaba eyes digital content as its founder and other partners shell out $1b for Wasu Media stake

Apr09
by on April 9, 2014 at 4:20 am
Posted In: Around the Web, Asia, internet tv

Alibaba logistics
Chinese e-commerce giant Alibaba developed a smart TV operating system last year and started working with a number of partners to come up with smart TVs, set-top boxes and services to run inside them. Now, the company is stepping up efforts to boost digital content as it seeks to engage users and conquer the living room of the Chinese — via an affiliated $1 billion investment deal, as well as a strategic cooperation agreement. Alibaba Chairman and founder Jack Ma and co-founder Simon Xie, along with Chinese billionaire Shi Yuzhu, are shelling out CNY6.54 billion ($1.05 billion) for a 20 percent stake in digital media…

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