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Even if the former employees find a buyer, they’ll still need the approval of the board, as companies have the first right of refusal. The platform usually helps in doing the paperwork for the approval. This is the step where most trades fail. Companies like Ola and OYO have tight control over this kind of … 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
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
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
A person familiar with the matter revealed that ONE initially approached Singtel asking for a US$50 million year-long cash sponsorship of its esports events, which Singtel declined. “They don’t even have a game. So Singtel said, ‘no thank you,’” the person tells us. ONE too many fancies For ONE’s maiden esports event in Singapore—the Dota … Read more
All this streamlining, though, has an inevitable downside. M17 has been known for its “hire fast, fire faster” culture, according to industry insiders and former employees. “They’re ruthless. Even if you’ve been there a long time, working your ass off, if they want to fire you they will fire you,” said the ex-employee. Nevertheless, the … Read more