Cloud kitchens across Southeast Asia are disrupting the dining restaurant model, operating straight from individual cooking venues and delivering straight to customers’ doors. Cloud kitchens are also called delivery-only kitchens, ghost kitchens and dark kitchens. The elimination of customer seating, air conditioning and lighting slashes rent costs and bills and also reduces the need to employ serving staff.
Vietnam’s robust economic growth has transformed the country from one of the world’s poorest nations into a lower-middle-income country.
The millennial generation of Southeast Asia comprises of half of the region’s 644 million population. The region’s high internet penetration and growing middle class is driving the adoption of digital financial services.
ASEAN’s attractive investment market, along with an expansive digital environment has led to the emergence of a vibrant start-up ecosystem across the region.
The improving start-up ecosystem in Southeast Asia is nurturing more homegrown start-ups, many of which have become successful with investors now on the lookout for the next unicorn (a start-up valued at US$1 billion).
Coworking has turned into a global industry. According to Coworking Resources, which studied the growth of the trend, there are currently an estimated 19,000-office spaces and 1.7 million members around the world.Brad Neuberg coined the term after his San Francisco Coworking Space at Spiral Muse, back in 2005. Neuberg’s concept of collaborative space gained ground, catching the attention of entrepreneurs and freelancers across the United States (US) and later the world.
Malaysia’s tech start-up community now has a home to call its own with the launch of the HLX on Thursday, an integrated innovation centre for start-ups to collaborate with corporates to get access, coaching, funding and mentoring in one space.Housed within Menara HLA, an office tower in the heart of Kuala Lumpur, the 250,000 square foot HLX is backed by Malaysian conglomerate Hong Leong Group and is a private-public partnership (PPP) with the Malaysian Digital Economy Corporation (MDEC).&
Ever since Grab bought over Uber’s Southeast Asia-based business last March, social media has been abuzz with complaints against the ride-hailing giant. Complaints about Grab are mostly related to sudden hikes in fare prices after a deal which saw US-based Uber Technologies sell its Southeast Asia business for a 27.5 percent stake in Grab.
Vietnam’s strong economic growth in recent years has led to the flourishing of the nation’s digital economy. The country’s economy in 2017 was deemed to be one of the best performing in the region.
As an economic bloc, ASEAN is the fifth largest economy in the world. However, this is not reflected in its adoption of digital transformation.
20 years ago, no one could have accurately predicted the huge impact that inventions like the smartphone and the World Wide Web would have on humankind. As technology advances at a breakneck pace, the same could be said about blockchain technology.It’s a common misconception to conflate blockchain with cryptocurrencies like Bitcoin, Ethereum and Litecoin.
As an economic bloc, ASEAN is the fifth largest economy in the world. However, this is not reflected in the association’s adoption of digital transformation.
