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unicorns
Artificial Intelligence
AI pioneer Kai-Fu Lee builds US$1 bil startup in eight months
The company, 01.AI, has reached a valuation of more than US$1 billion after a funding round that included Alibaba's cloud unit.
November 07, 2023
Fintech
Nium posts net revenue of US$82 million in 2022
Over the past year, Nium raised additional capital at a US$2 billion valuation.
August 01, 2023
Startups, Entrepreneurs, Digital economy
Dear Alibaba, thank you for the US$10 tril gift
(Dec 2): Has the golden age of asset management finally arrived in Asia? For years, Asia’s hottest unicorns left their homelands to list in New York for one simple reason: a deep pool of US money. And they have been rewarded. From Alibaba Group Holding
November 29, 2019
Tong's Portfolio
Declining attraction of unicorn IPOs
SINGAPORE (Sept 30): This year was supposed to be the year for tech unicorns. Instead, many are getting unexpectedly strong pushback in the public market — best epitomised by the rapid unravelling of the hype and euphoria surrounding WeWork in the run-u
September 27, 2019
Startups, Entrepreneurs, Digital economy
Cash party almost over for unicorns such as Uber
SINGAPORE (Apr 22): Uber Technologies’ coming IPO is a moment to reflect on the oodles of investment cash that have resulted in a herd of “unicorns”, the awful but convenient shorthand for tech companies that reach valuations of at least US$1 billio
April 22, 2019
Commentary
Unicorns backing their own VCs? Welcome to peak tech
(Nov 16): When unicorns start setting up their own venture-capital funds, you know the tech world is getting frothy.
November 16, 2018
Global Economy
E-commerce to fuel Southeast Asia's internet economy: Google-Temasek
SINGAPORE (Dec 12): Southeast Asia’s internet economy has experienced unprecedented growth over the past year to exceed Google-Temasek initial research projections, with there to be over 330 million active monthly internet users by end-2017 – a 70 mil
December 12, 2017