Friday, December 5, 2014
SoftBank invests $250 million in Southeast Asian taxi-hailing app GrabTaxi
SINGAPORE — Japanese telecoms firm SoftBank Corp has pumped in $250 million to become the top investor in Southeast Asian mobile taxi-booking application GrabTaxi Holdings Pte Ltd, its biggest investment in a Southeast Asian Internet firm.
GrabTaxi, which allows customers to order cabs closest to their location by mobile phone, operates in Singapore, Malaysia, Thailand, Vietnam, Indonesia and the Philippines. In a statement, the two companies said the funding will be used to accelerate the app’s expansion in the region.
The investment in GrabTaxi comes about a month after SoftBank and its billionaire CEO and founder Masayoshi Son announced a $627 million funding into online marketplace Snapdeal as part of a plan to put $10 billion into India’s booming online retail market.
SoftBank also said in October it will lead a $210 million investment round with existing investors in India’s ANI Technologies, which owns a mobile application for taxi bookings.
The Japanese firm is the largest investor in recently listed Chinese e-commerce giant Alibaba Group Holding Ltd.
Including the SoftBank investment, GrabTaxi has raised $340 million in funding. The statement did not specify how much of GrabTaxi SoftBank will own.
Other investors in GrabTaxi, which was developed by two Harvard Business School graduates and launched in Malaysia in 2012 as MyTeksi, include a unit of Singapore state investor Temasek Holdings [TEM.UL] and U.S. investor Tiger Global Management. The app competes with Rocket Internet’s Easy Taxi as well as Uber’s better known app.
Taxi-hailing apps have become popular in Southeast Asia, especially Singapore, one of the most expensive places in the world to own a private car.
Finding a cab during peak hours and during frequent tropical downpours can be difficult in the city-state, which last month said it planned to start regulating third-party taxi booking services for the first time.
Heavy traffic in cities such as Manila and Jakarta also makes finding taxis tough.
Those troubles are benefitting apps such as GrabTaxi. Over the past year, the number of users of the mobile app has jumped six-fold to about half a million and taxi drivers in its network have grown four-fold to 60,000, according to the company.
source: interaksyon.com
Monday, May 26, 2014
South Korea’s top mobile chat app, online portal to merge
SEOUL — South Korea’s top messaging service provider, Kakao Corp., and its second largest Internet portal, Daum, announced a merger Monday to create a one of the country’s largest IT companies worth around $3 billion.
Daum Communications, the operator of portal Daum.net, said the merger with Kakao, which runs the hugely popular mobile chat app Kakao Talk, would be completed in October through share swaps.
The move was aimed at “enhancing core businesses and creating business synergy”, Daum said in a regulatory filing.
It said the swap ratio had been set at one Daum share for 1.55 Kakao shares.
The newly merged company — named Daum Kakao — will benefit from Kakao’s popularity on mobile platforms as well as Daum’s business clout and experience with Internet searches and ad sales, the two firms said in a joint statement.
The deal “will put us in a strong position to respond to fast-changing global market,” Kakao chief executive Lee Seok-Woo said in the statement.
The merged company will be better positioned to compete with South Korea’s dominant Internet portal Naver which operates Line, a messaging service and rival to Kakao Talk that is popular in Japan and Southeast Asia.
Kakao Talk is used by more than 140 million people globally, including some 35 million South Koreans — more than 90 percent of the country’s smartphone users.
Founded in 2007, Kakao has not gone public yet, but its shares are traded over the counter in Seoul and it has an estimated market value of two trillion won (1.9 billion).
The company’s founder Kim Beom-Soo has a leading 30 percent stake in Kakao and a venture company Kim owns also has 23.7 percent shares.
Chinese Internet giant Tencent also has a 13.3-percent stake.
Daum — founded in 1995 — has some 30 million users and is valued at some one trillion won on Seoul’s tech-heavy Kosdaq stock market.
The latest deal will make Kim the leading shareholder of the new firm with a personal stake of 22.23 percent, and allow a backdoor listing of Kakao shares on the Kosdaq.
“Daum can secure a new source of growth via Kakao’s (mobile) platform and Kakao can use Daum’s vast business resources to explore new businesses and overseas markets,” said Hwang Seung-Taek, analyst at Hana Daetoo Securities.
South Korea is one of the world’s most wired countries, with 37 million owning a smartphone out of a population of 50 million.
source: interaksyon.com
Thursday, November 15, 2012
Ateneo develops mobile application for flood monitoring and reporting
MANILA, Philippines - Come rainy days, reporting and monitoring flooded areas will be a mere text away with the Ateneo Java Wireless Competency Center’s (AJWCC) new mobile application aptly called “Flood Patrol.”
“Flood Patrol” lets citizens report and retrieve real-time flood information via the mobile phone. It was developed especially for PAGASA/DOST’s Project NOAH (Nationwide Operational Assessment of Hazards), a website that predicts the amount of rainfall in the whole Philippines.
The Android flood reporting and monitoring application gathers flood data from citizens, then uploads it on the Web in real time. Using the flood patrol, history of reported floods in real time can be viewed and filtered for a particular time or depth/height.
The application requires the user to take a picture of the flooded area for validation and at the same time allows one to view the reports on the map. The reported floods are color-coded based on the height. The map can also be zoomed into a particular area to monitor specific areas.
Dr. Reena Estuar, executive director of the AJWCC, said that since a lot of people have mobile phones now, they wanted to develop applications that can empower citizens to do something about disaster monitoring and disaster preparedness. “Reporting floods in your area helps local governments and other institutions where they need to focus on at a certain time,” Estuar said.
During the recent launch of Project NOAH, Estuar said there was a clamor from the public to have a mobile application for the project, that’s why she coordinated with Dr. Mahar Lagmay, project director of Project NOAH.
The application is now being used by Simbahang Lingkod ng Bayan, a Jesuit-led organization that is committed to the service of the Filipino Church and the Filipino people.
“The history of Flood Patrol goes way back to 2008 when the school emphasized including disaster related projects in our activities. We had students doing visualization of weather data,” she said.
The AJWCC is a research center under Ateneo’s Department of Information Systems and Computer Science. It is focused on developing mobile applications for education, health and disaster.
The AJWCC was formed to facilitate research in wireless technologies and incubate mobile products for industry partners such as Globe Labs, Smart Communications, ABS-CBN Interactive, GMA New Media Inc., etc.
It has done research in the following areas: Mobile Learning, Mobile Games, and Mobile Solutions for business, disaster management and tele-medicine.
“The app is user-friendly because it does not ask you to type in so many details but asks you to confirm everything you put,” Estuar said.
“In the future, we will do an app that can do more predictions on floods which will help us in disaster prevention,” she added.
The rise of cellphones
The prevalence of cellphone use in reporting and monitoring floods has become common in the Philippines since the time of typhoon “Ondoy” because Filipinos are more attuned to the use of social networking sites such as Twitter and Facebook.
“News channels, netizens, local government units, government agencies used Facebook and mobile telcos as the source of information to reach out for help for victims of that 2009 disaster,” socialpulsmagazine.com said.
An article of Spot.ph entitled “National Heroes’ Day: Celebrating the Heroes of Habagat” said, “Filipinos at home utilized the Internet and social media to get help to where it was needed.”
In the recent floods caused by the northeast monsoon which wreaked havoc in the National Capital Region and the Calabarzon region, citizens used their cellphones to report and also to receive relief from local government units.
“When (the northeast monsoon) struck the country, netizens wasted no time in sharing photos and warnings of the onslaught of rains. We were also able to create a relief and donation center map, and a rescue request form for those who needed rescuing. Others flocked to Twitter for updates, sharing information on people that need help via hashtags,” the article said.
Project NOAH
Launched a month before the northeast monsoon, PAGASA-DOST’s Project NOAH was tested and proven accurate because it was able to warn residents of Marikina City of the heavy rainfall.
In an interview with Spot.ph, Lagmay said, “Despite the record danger level, Marikina was successful in evacuating people. The element of surprise was not there. Government was able to inform the people.”
Aside from the media, government agencies also use the Internet and mobile technologies to disseminate information and disaster relief.
“The awareness in social media even prompted PAGASA to release a statement that everyone must tune in to their Twitter accounts to keep updated of the latest weather (conditions). This statement was later corrected as many reacted, mainly those who don’t have social networking sites accounts. Malacañang clarified the statement with PAGASA thereafter and the latter issued a statement that Twitter is just one of the sources of information aside from other media channels like TV and radio,” socialplusmagazine.com said.
Flood Patrol can be downloaded at https://play.google.com/store/
source: philstar.com
Wednesday, April 18, 2012
Japan-Based Pinoys Offered Globe App
MANILA, Philippines — Globe Telecom, in partnership with Japan-based company IPS, Inc., recently launched Tokyo03, a mobile application for Apple iOS-based devices that offers unprecedented value to those who make frequent calls to the Philippines from Japan, as well as Philippines-based individuals who regularly call associates and loved ones in Japan, eliminating the worry of having to pay expensive inbound roaming fees or outbound IDD rates.
Currently available for the iPhone, iPad and the iPod, and soon to be available on the Android platform, Tokyo03 is an Internet phone application that assigns the user a virtual number. Virtual numbers function just like regular numbers and can be reached through cell phones or landlines. By giving users a virtual Globe number, Tokyo03 allows those in the Philippines to communicate with their contacts in Japan and be charged local rates simply by dialing a Globe number, as though he were in the same country as the person he or she is calling.
While those in Japan are charged data usage fees for making calls to the Philippines through the Tokyo03 application, those in the Philippines who call their loved ones in Japan on their virtual number only need to pay local rates.
This innovation aims to serve the Filipino telecommunications market in Japan. As the fourth-largest foreign community in that country, Filipinos represent a large proportion of outbound calls, which have long been hampered by high IDD rates. Tokyo03 enables Philippines-based subscribers to save on costs by letting them make international calls to their loved ones in Japan at highly reduced rates.
source: mb.com.ph