Catcha Group launches digital hub for internet firms in KL

Catcha Group CEO Patrick Grove

Malaysia-based internet company Catcha Group has launched Kuala Lumpur Internet City (KLIC), a digital hub in Kuala Lumpur to be built at a gross development value of $1.13 billion (MYR5 billion).

 KLIC was launched on Wednesday when Digital Free Trade Zone (DFTZ) was announced by Prime Minister Najib Tun Razak and Alibaba’s Jack Ma at the Global Transformation Forum in Malaysia.

The digital hub, KLIC will spread across 5 million square feet that will be built over a 15-year period and aims to house at least 1,000 internet-related companies as tenants and become a hub to 25,000 tech professionals.

 “KLIC is intended to be one of the world’s largest purpose-built digital hub for global tech giants from China, the US and around the world, regional leaders and local startups targeting Southeast Asia, one of the world’s fastest growing tech region,” Catcha said in a statement.

 The group added that it will comprise key players within the tech ecosystem facilitating end-to-end support, networking and knowledge-sharing to drive innovation in the internet economy and the e-commerce industry.

“With all the key internet players based within a close proximity of each other and supported by the DFTZ, Malaysia will become the center of gravity for the internet ecosystem of ASEAN,” said Catcha Group’s co-founder and CEO, Patrick Grove.

Alibaba Group is setting up a trade and logistics hub in Malaysia as part of the Digital Free Trade Zone , the first such e-hub outside China for Alibaba. Meanwhile, Digital Free Trade Zone’s first phase will be to develop a regional e-commerce and logistics hub near the Kuala Lumpur International Airport that will be formally launched by 2019.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.