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Investors argue that a company needs the right to cancel vested options if an employee joins a competitor or leaves on a sour note. Their other fear is the prospect of former employees as shareholders who have a right to the company’s information and need to sign off on key documents. Such employees could hold … Read more
While the rekindled fire for ESOPs isn’t warming up employees, companies and investors see it differently. “Companies are cash-strapped and ESOPs are a non-cash expense,” said an investor who didn’t wish to be identified. “We are replacing the salary with a higher value of equity. If the valuation is currently lower, employees get more shares. … Read more
Without providing figures, Wong claims that the closure of Malay Mail’s 122-year-old print business has helped to reduce the publication’s expenses by some 40%, and revenue has since increased 5X as it gets paid by Facebook and Google’s programmatic advertising. A former The Star employee told us that the paywall strategy was supposed to hit … Read more
Covid-hit, like most businesses, SMG slipped into the red for its first quarter, which ended on 31 March. Its quarterly revenue declined 20.36% to RM65.76 million (US$15.41 million) from RM76.06 million (US$17.83 million) in the previous quarter. The Star, however, claims its online viewership has grown 4X between January and March. Its digital news platform … Read more
Its localisation strategy also extends to celebrating festivals like Ramadan in Indonesia and Thailand’s Songkran within the game. This makes gamers feel like the game was tailor-made for them, explains Teo. “I want to focus on making Free Fire accessible to players, and remain relevant in its markets.” The Very First Garena Premier League (GPL) … Read more
Making the transition to mobile gaming, though, wasn’t easy. The company was not good at judging games earlier, said the former employee quoted earlier. It was Chris Feng, Garena’s then head of mobile business, who got the team to look at historical data on how a game performed in an existing market. “If the game … Read more
Another way to scale fast might have been a franchise model, where he lets other people operate Kopi Kenangan stores and gets a license fee in return. “But that’s very different unit economics,” Tirtanata says. He wants to own and operate Kopi Kenangan stores to stay on top of quality and consistency and reap higher … Read more
If we take the barista’s more conservative estimate, Kopi Kenangan’s 300 stores would have served at least 90,000 cups a day. That’s roughly US$3.4 million in monthly revenue. Kopi Kenangan also sells other pricier drinks, so the total is probably higher. To return Kopi Kenangan to this pre-Covid health, Tirtanata wants to move towards a … Read more
In turn, PayPal merchants will now be able to accept payment using GoPay. As a result, Indonesia-based shoppers will soon be able to use GoPay to buy goods from PayPal retailers worldwide. PayPal and Gojek declined to comment on how their partnerships might be extended to other countries in Southeast Asia. With PayPal, there’s potential … Read more
Through 2016 and 2017, Gojek systematically built out its fintech stack with strategic acquisitions. Its first move was to take over MVCommerce, a relatively small player which held an e-payments license. This proved a valuable investment because e-payments licences became increasingly difficult to get in Indonesia as the country’s central bank throttled the issuing of … Read more