By Tim Culpan
The figure that grabs all the headlines is gross merchandise value (GMV), which is the world’s most useless financial metric. An examination of the correlation between GMV and revenue shows that there isn’t one.
Freischlad writes about blockchain, what’s new in Indonesia this week and her recommended reads.
The fragmented market has more than 40 payment companies but there is still no clear winner in sight.
U.S. prosecutors filed criminal charges against the two former Goldman bankers and a Malaysian financier linked to the alleged theft of billions of dollars from the fund.
Grab’s ambitions of developing into a super-app in Indonesia have hit a roadblock – it doesn’t have the e-money license issued by the central bank.
The government there has warned investors buying into Airtel Africa that it doesn’t approve of any change in ownership in Airtel Tanzania.
The best hope for resolving Uber’s Saudi stigma, insiders said, is for the company to go public, giving it more latitude to reshape its board. Public companies have little control over their investors, potentially absolving Uber of some of the blame for an autocratic bedfellow.
With the growing backlash against Saudi Arabia over the murder of government critic Jamal Khashoggi, SoftBank Group Corp. faces tough decisions in its relationship with the kingdom.
With so much of the Silicon Valley business model built on hopes (of big funding rounds) and dreams (of massive wealth), all it could take to disrupt the momentum is fear of a funding crunch.
Joko Widodo’s image as a self-made entrepreneur was a big part of his appeal when he began to become known as a politician. It wouldn’t be surprising if some of the current league of internet entrepreneurs are groomed for political offices.