Malaysia’s Tourplus raises US$400K to enter China – Press Release
Malaysian traveltech startup Tourplus today announced an investment of US$400,000 by SOSV Chinaccelerator and a China private investor.
The startup plans to use the funding to support product development and expansion plan to China, which started with its entry to the Chinaccelerator Batch 16.
Tourplus is a platform that aims to ease travel planning by connecting customers with local tour guides and providing personalised itinerary.
It claimed to have two million tourists using the platform.
Developer school 42 launches in Malaysia – Press Release
France-based developer school 42 has signed a partnership agreement with Malaysian education conglomerate Sunway Education Group (SEG) to launch the first 42 campus in the country.
Founded in 2013 serial entrepreneur Xavier Neil, 42 sets itself apart by implementing the concept of “peer-to-peer” learning.
In a press statement 42 explained that as participants without teachers or classes, students are in charge of their own success and the success of their comrades in a 100 per cent hands-on project environment. To make progress, they have to count on the strength of the group, give and receive information, changing roles between helping others and being helped.
Also Read: Tourplus connects travellers with local tour guides in Southeast Asia, raises pre-seed funding
Alibaba Group officially listed on HKEX – Press Release
Chinese internet giant Alibaba Group has officially listed on the main board of the Hong Kong Exchanges and Clearing Limited (HKEX) today.
The company’s Hong Kong-listed shares will be fully fungible with its American depositary shares on the New York Stock Exchange (NYSE).
“I want to especially thank Hong Kong and the Hong Kong Stock Exchange. As a result of the continuous innovation and changes to the Hong Kong capital market, we are able to realise what we regrettably missed out on five years ago. Today, we realised what we said then: ‘When conditions allow, we will come back to Hong Kong,’” said Alibaba Group Chairman and Chief Executive Officer Daniel Zhang.
In a report by TechCrunch, Alibaba’s shares climbed almost eight per cent in their first day of trading in the exchange.
Mandiri Capital CEO: e-Payments is a “cash-burning” exercise – Bloomberg
Eddi Danusaputro, CEO of Mandiri Capital Indonesia, said in an interview with Bloomberg that electronic payment platforms will only ever be profitable by serving as gateways to more lucrative services.
Otherwise, they would just be a “cash-burning exercise”, the CEO further stated.
In the Indonesian market, digital payments platforms such as gojek’s GoPay and Grab’s OVO have been involved in a discount and cashback battle that could see companies giving away as high as 50-90 per cent of cashback to their customers.
—
Image Credit: Tourplus
The post Today’s top tech news: Tourplus raises US$400K, developer school 42 launches in Malaysia appeared first on e27.