Week in Review: Doesn’t matter where the money comes from
- Nazrin Hassan frets over fashion of startups raising cash remote places
- Badlisham Ghazali leaves MDeC after 7 years to run airports business
DNA readers will realize that QEOS is one of the very few excessive-tech Malaysian businesses. And at the same time as this has helped Walter improve over US$10 million (RM32 million) in Malaysia given that 2008 while QEOS became launched.
[RM1 = US$0.31]
He is suffering to elevate his modern-day huge spherical, in the US$30 million to US$forty million, from Malaysia and might just ought to cross distant places for it.
As patriotic as Walter, who wears his patriotism on his sleeves, is, even he acknowledges that he's going to don't have any problems in accepting the funding, regardless of wherein it comes from.
After all, the era global is without boundaries, and as a great deal because it bothers Nazrin Hassan, Cradle Fund Sdn Bhd CEO, that our higher startups are raising funding from Singapore, I understand it does no longer trouble the startups who want the ammunition the funding provides. And it not bothers me both.
You don’t turn out to be any much less Malaysian by using taking cash from Singapore-based buyers and when you do make it huge, the Malaysian ecosystem can nevertheless bask inside the glow of their achievement. Mark Chang exiting JobStreet is the maximum latest instance.
He has been based totally in Singapore for over 10 years now, focusing on its nearby footprint, but his fulfillment with JobStreet is very tons a Malaysian achievement.
And then we've got the example of Andrew Tiang, the founder and CEO of N2N Connect Bhd, a actual-time trading platform company that he released in 2000 and is indexed in Bursa Malaysia and recently introduced that a Japanese corporation had taken a US$33 million stake in N2N. I am certain the news become greeted with identical pleasure in Singapore too because Tiang is Singaporean.
Until we see foremost macroeconomic modifications inside the u . S . A ., we ought to be given that Malaysia is going to be a feeder membership, to use a football analogy because the World Cup is around the nook, to Singapore.
Being an extended suffering Arsenal fan, Nazrin may be very familiar with this truth as his club, at one time, changed into widely known for luring away a few of the great rising younger stars from Europe to enroll in Arsenal. Cesc Fabregas being the crowning example of this technique.
But returned to Walter, and his most recent flow to reinforce QEOS by way of acquiring the talent and Intellectual Property belongings of Silicon Valley based totally Centric Solutions LLC for as much as US$forty million!
After MOL Global taking a stake in Rixty.com in October 2012, that is most effective the second time a Malaysian employer has made a Silicon Valley acquisition.
And as I wrote this week, no longer only does this circulate announce QEOS’ objectives to be a international Internet of Things (IoT) leader and US billion dollar business enterprise, however the sheer opportunities of innovation and disruptive commercial enterprise fashions that might stand up from the smart human beings of QEOS and Centric meshing together is what excites Walter and his chairman, Dr Raymond Chin.
QEOS has usually been an exciting enterprise for me to observe and I sit up for many greater exciting bulletins from them, which, through the manner, you will possibly examine first on Digital News Asia (DNA).
As Walter shared on BFM this week when he turned into my guest on our Tech Talk segment, DNA become the primary to interrupt the purchase news!
We were additionally the primary, the day past at 2pm, to break the information of Badlisham Ghazali leaving Multimedia Development Corporation to sign up for MAHB as its CEO.
When I first heard the murmurs last month I become tempted to write down a piece of writing urging Badlisham to stay on and complete the process of assisting transition Malaysia to a virtual economy through the Digital Malaysia initiative that MDeC and he had been entrusted to guide.
But I held back, realising that he has been the captain of this deliver for seven years and possibly desired a fresh undertaking.
So let’s just want him all the best as he starts offevolved going toe to toe with Tony Fernandes, thank him for his service to the atmosphere and wish that MAHB turns into one of the most IT driven airport operators inside the international.
All you MSC Malaysia organizations with answers and services which could assist MAHB, start creating a beeline for Badlisham’s new office!
And let’s desire MDeC gets a dynamic, passionate and pushed new CEO – and shortly!
Finally, and understandanly, this week’s maximum read article was MDeC CEO Badlisham quits to take over beleaguered MAHB.
Editor’s Picks:
Cradle-GGV funding % to also help plug entrepreneur brain drain
QEOS pursuits to be billion-dollar corporation and IoT leader
For Puncak Semangat, success lies past TV
MDeC CEO Badlisham quits to take over beleaguered MAHB (Updated)
S'pore startup receives notable crowdfunding kickoff for tracking tool
Incoming MDeC CEO may have many challenges
Personalised connectivity, the subsequent frontier for Apple
Previous instalments:
Week in Review: DNA is worldwide tech media too
Week in Review: TeAM in angst over Gen Y disconnect
Week in Review: It's all taking place inside the telco space
Week in Review: Why we ought to applaud Zafrul Noordin
Week in Review: Yet some other bid to assist SMEs, the use of IP
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