Wednesday, June 29, 2011

Contactless payment system provider ViVOtech raises US$24 Million

ViVOtech, a software and hardware provider of contactless payment systems for companies like Google, closed their Series C funding recently, raising US$24 million (S$ 29 million) which will be used for growth and expansion as it is poised to make forays into more countries beyond the current 35.

Singapore’s EDBI, Singtel Innov8 and Motorola Solutions Venture Capital, which contributed to this round of funding, join Alloy Ventures, Citi Ventures, Draper Fisher Jurveston, DFJ Gotham, First Data Corporation, Miven Ventures, Motorola Mobility, Nokia Growth Partners and NCR as ViVOtech investors.

Recently, ViVOtech participates in Google Wallet, shipping more than 600,000 readers in the US that are all capable of accepting Google Wallet payments.

ViVOtech provides their services to merchants, issuing & acquiring banks, wireless operators and consumers. They have also developed an end-to-end near-field communication (NFC) payment and promotion solution which allows millions of consumers to make contactless payments with radio frequency-enabled credit or debit cards, key fobs, and NFC-enabled mobile phones all over the globe.

Top: The ViVOtech 8800 payment system. Image: ViVOtech


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Baidu Launches Mobile Box Computing Effort to Seize New Opportunity

Outside of the Box

In response to the rise of vertical information seeking (such as Qunar and Ctrip for travel info, Dianping, Koubei for restaurant and local business search, Ganji, 58 for classified info lookup) and open platform initiatives by quite some prominent internet companies including Renren, Sina Weibo and Tencent etc, Baidu officially launched its Mobile Box Computing effort today in Beijing, which is aiming to offer search engine users with instant and intuitive access to all kinds of features which are originally “outside of the box”.

 

Baidu’s latest move is derived from its Box Computing rolled out couple years ago. Imagine this, while you’re searching for “Beijing Shanghai flights” or even just “Beijing Shanghai” on Baidu, rather than only returns links to outside websites with desirable information, how great it would be when Baidu features all flights from Beijing to Shanghai in a frame on the SERP(search engine results page), along with flight No., schedule, tickets info, and the ticket is only one click away to buy.

That’s what Baidu Box Computing is all about. Baidu founder and CEO Li Yanhong raised the concept two years ago at Baidu Technology Innovative Conference on Aug 18 2009. To put it simply, box computing serves Baidu users as a medium or an agent wherein users’ queries are analyzed and understand by means of semantic analysis, AI interaction, then the Chinese search engine can satisfies users with convenient feature according to apprehension of user intentions. Searching for weather, you get local weather forecast in a frame, looking up for hit TV serial, you get ready-to-watch video clips at one click away also in a frame.

 

Mobile Search is the New Opportunity

 

According to Analysys International, a leading market research firm in China, by 2012 there’re more than 606 million mobile users in China, even more than traditional internet user who access the internet via PC. That’s a market no one want to miss, or can afford to miss.

 

We can try to grasp mobile box computing from this, take weather app for example: we know that there must be some kind of weather apps in various kinds of app market, usually, we need to look up the weather apps in any market firstly, then install and run it before we can have access to latest local weather forecast in case of getting wet by unexpected rain. Baidu’s point is, with mobile box computing, all the information is one step away in a frame on its SERP, waiving all the hassles for users.

 

Incubating Ecosystem

 

According to Baidu, any 3rd party developers can submit innovative and useful apps to its box computing apps repository to address certain kind of users’ problems that lead the users to look it up on Baidu.

 

Also, Baidu is currently conducting a Web Apps contest with in an effort to encourage more app vendors to develop and contribute to the Chinese search giant’s box computing platform. Apparently, the more Baidu box computing platform can offer the more traffic and user it can retain.

 

We can try to understand Baidu’s latest effort in mobile internet from 3 aspects:

 

#1 Cloud Computing – the ongoing and disruptive trend is changing some of the internet infrastructure, initiating a cloud-based box computing platform do only good to Baidu’s search ecosystem by means of amassing thousands of various apps to complete Baidu’s search offerings.

 

#2 Vertical Information Seeking – Baidu to date is still the top choice for Chinese people who want to search something online, with a search market share of over 83.6% in China in Q4 last year according to iResearch, a Beijing-based market research company. But admittedly, the rise of vertical information service has taken over some of Baidu’s market. When people think of search some certain type of information, including flight info, listed rooms, local restaurants, they turn to some other service for help as we mentioned before, which undermines the premise of Baidu’s profitable business- traffic.

 

Baidu gains a lot from serving Chinese people as the information gateway and aggregator. Vertical information services can definitely bring about some pressure on Baidu.

 

Also interestingly, Google, the innovative and giant search engine hasn’t offer anything that come near to Baidu box computing.

 

#3 Open Platform – As Sina Weibo, Renren and Tencent partly or completely embrace open platform initiatives, Baidu couldn’t sit alone in the corner. Both box computing and mobile box computing are largely based upon Baidu Open Platform which consists of Baidu Apps Open Platform and Baidu Data Open Platform and hosts thousands of apps by 3rd party vendors. It’s Baidu’s solution to open platform strategy.


Related posts:

  1. Baidu Announces "Box Computing" Platform, Exciting And Confusing
  2. Baidu Launched Open Platform for Mobile
  3. Baidu's Localisation Problem in Japan


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TransferTo Launches Mobile Airtime Application on iOS and Android

If you attended the Mobile Money Summit, you might already know TransferTo, a provider of international airtime transfer services. They had an exclusive preview of their new mobile application on iOS and Android during Mobile Money Summit this week, 27-30 June.

Their app, called Mobile Airtime Smartphone, is the product of a partnership between TransferTo and DonRiver, a leading mobile payments consulting and application development firm.

It will provide a convenient way to transfer airtime internationally using a smartphone. Users can transfer small amounts of value in the form of prepaid mobile credits. For example, 15 minutes of airtime in US (at US$6) can be transferred to India for 250 minutes of airtime (at 200 INR) — more than 16 times the value, which makes it a low cost and high value complement to cash remittances.

The TransferTo Mobile Airtime Application will be available this summer within Apple App Store and Android Market.

TransferTo is a Global Airtime Remittance Hub that interconnects mobile operators’ prepaid systems to deliver end-to-end, cross border top-up services. With over 185 partner Mobile Network Operators in 70 countries, they can reach 3.6 billion prepaid users. 

The application was co-developed by DonRiver and integrated to the secure international TransferTo airtime transfer network. Last year, TransferTo received investment of US$38 Million.

DonRiver is a leading business and technology consulting company that serves the global telecommunications and mobile financial services industries. It provides mobile financial strategy, software development, and system integration services to the world’s leading mobile operators, financial institutions, and financial services providers.


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Bubble Motion’s BubbleBlog Crosses 1 Million Users (just on Reliance Network)

Bubble Motion’s Bubbleblog has crossed a million user mark, just on reliance network. Described as a ‘voice-based Twitter’, the BubbleBlog social messaging service enables celebrities and everyday people to share status updates in their own voice with fans and followers through any mobile phone. BubbleBlog now boasts over 10 million users across four countries, including India, Japan, Indonesia and the Philippines. The service is now available across India on Reliance Communication’s CDMA, GSM and 3G networks.

Popular celebrities using the service include Amitabh Bachchan, Lara Dutta, Priyanka Chopra, Yuvraj Singh, R. Madhavan, John Abraham, Radhika Pandit, Ravi Kishan and many more regularly update their ‘voice blog’ on bubblemotion’s platform, bringing it the much needed fan following among the mass.

While it sounds quite exciting, Bubbleblog’s success is mostly driven by Bollywood actors and frankly, it’s not right to compare the same with a channel like Twitter which democratizes the entire conversation. Nevertheless, it’s interesting to see how operators are maximizing their air waves and monetizing via these premium services.

What’s your take on Bubble motion service?

Bubble Motion Patents Voice SMS! | Indiatimes launches HiBuddy, Voice Blogging Service [Voice is Commodity]


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» Bubble Motion’s BubbleBlog Crosses 1 Million Users (just on Reliance Network) @Pluggd.in.


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LivingSocial acquires three Asian daily deal companies

Groupon rival LivingSocial has acquired DealKeren, a daily deal site in Indonesia, Ensogo, which owns DealKeren and has a presence in the Phillipines and Thailand as well, and GoNabit, a daily deals site operating in five Middle Eastern countries, it announced in a press release on 27 June.

This move into Asia, the first for Living Social, follows Groupon’s own forays into the continent. In 2010, the group buying site acquired similar businesses in Japan and Russia, and rebranded them as Groupon Japan and Groupon Russia.

LivingSocial’s global conquest is fueled by the investment of US$400 million in April 2011 from existing investors Lightspeed Venture Partners, Amazon and others.

Ensogo serves over 800,000 members in Indonesia, Thailand, and Philippines, making it the market share leader in these countries and Asia. The company is funded by Rebate Networks.

GoNabit is the first group buying site in the Middle East and North Africa which also features family-friendly deals and travel offers.

Both companies were founded in 2010.

With the acquisitions, LivingSocial is on track to generate revenue beyond $500 million this year, with a presence in 400 markets and staffed by 3,000 employees.


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How to build a winning social networking product? Few Thoughts

There is a plethora of social networking products these days. Some are successful and some are not. So what do you do to build a successful social networking product?

Here are few things that you can do:

1) Facilitate content creation

When it comes to social, content is the king. Single most important factor in success of social product is community driven content. Consumers would love the product if it has good content. Content creates stickiness. Users would abandon the product if they don’t find new content no matter how great the product is.

Make sure that content creation is easy and simple in your product. Twitter is successful because content creation is simple – 140 chars. Additionally it has Retweet that makes content creation very easy. Users can just Retweet if they don’t have anything original to say. Facebook facilitates content creation by supporting multiple media types. Users can upload a picture, post a link or just like someone’s status or pictures. Foursquare is successful because it lets you create content by simply checking-in. The mantra is “don’t make me think”. If users have to think and toil for content creation, they wont.

2) Leverage other social networks

The irony with social networking products is that their success facilitates success of their competitor. Twitter and Facebook already have a large social graph. Leverage that to reach out to your potential users. Instagram did that beautifully. Instagram allowed users to share the pictures on Twitter & Facebook by a simple link. When users clicked on the link, Instagram not only presented the picture beautifully but also showed users how they themselves can take such beautiful pictures by using Instagram.

clip_image002

Quora did that elegantly too by letting you post a link to Twitter when you ask a question or answer a question.

3) Build Bacn in your product

Bacn is something that brings back your users to your product. Typically it is an e-mail that is sent out to users to alert them of activities. Here is an encyclopedia link of Bacn. Remember Bacn is not a spam and users benefits from it by knowing what is new. Traditionally Bacn has been e-mail but it could even be push notifications in smart phones. Use e-mails and push notifications intelligently to generate traffic and activity.

4) Focus on UX/UI

Last but not the least, make sure that you have absolutely rocking UX and UI. There will be at least three other products with similar concept and your differentiating factor would be UX/UI. The consumers must fall in love with your product and it should be extremely easy to use. Path is a very good example of sleek UX/UI.

clip_image004

These are few key ingredients of a winning social networking product. What are others? Do share your insights/comments.

[This is a guest post written by Rajat Garg. Rajat works as Director of Product Management at Bubble Motion. You can find more about his thoughts on his blog.]


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» How to build a winning social networking product? Few Thoughts @Pluggd.in.


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Pluggd.in Deal: Free Book – Cloud Computing Bible [Price : Rs. 549/]

Pluggd.in’s deal site, as we have shared earlier is targeted towards startups/geeks and here comes the next deal from our deal site – a free book on cloud computing.

As you are aware, Cloud Computing is one of the hot topics getting discussed at various forums. Given that this technology is highly relevant to startups, we thought doing a formal survey with the start-up community would be a good start. cloud_computing_survey

The survey ideally shouldn’t take more than 8-9 minutes of your time and those who complete the survey will get a copy of the book “Cloud Computing Bible” by Barrie Sosinsky. The book costs Rs. 549/ and you get it for free, if you complete the entire survey!

Survey Link: http://bit.ly/pluggdin-CC

Terms & Conditions:

  • First come, first serve.
  • The link shall be active only for a limited amount of time (July 4th in this case).
  • You need to complete the entire survey.
  • The book will be delivered in the first week of July (team will get in touch with you).
  • Applicable only to Indian addresses.

- More details on Pluggd.in’s deal site.

- The deal comes from Cloudnomy.com, an initiative by Pluggd.in. Cloudnomy will bring fresh and insightful approach to Cloud Computing market in India.

- Subscribe to Deal Service via Email and be the first to know about deals:

Email: *
Name:

Sincerely
Team Pluggd.in


India's Largest Startup Event, UnPluggd Is Back (Mindblowing Content + Exiciting Startup Demos » July 9th, Bangalore)
» Pluggd.in Deal: Free Book – Cloud Computing Bible [Price : Rs. 549/] @Pluggd.in.


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SME Visions 2011 – 27 Jul

Aiming to invite 250 SME owners and business management personnel, Startup Visions will organize SME Visions 2011 next month, 27th July. The purposes of this event is to have business education and networking at the same time. There will be 3 speakers for this event: Mr Ng Cher Yew of Oceanus Group, Mr Patrick Liew of HSR Property Group, and Michael Ma of Indochine Bar & Restaurant Group.


About The Speakers

Dr Ng Cher Yew, Executive Chairman and Director of Oceanus Group Limited
Ng Cher Yew has factories in Guangzhou, Zhaijang and Shanghai as well as a strong network of sales offices in the major cities of the China. Oceanus Ltd is currently the largest producer of abalone in China.

Mr Patrick Liew, CEO of HSR Property Group
Patrick Liew is considered as Asia’s leading estate coach, having develops many top producers in the country.

Mr Michael Ma, CEO and Founder of IndoChine Group
Michael Ma has built a huge lifestyle empire, IndoChine Bar & Restaurant Group, which spans six countries and comprises more than 26 restaurants, bistros, bars, clubs and even a beach resort in Phuket.


Programme Details

6pm-7pm: Registration
7pm-715pm: Welcome and Introduction
715pm-745pm: Mr Michael Ma: Delivering Your Visions for Organisational Excellence
745pm-815pm: Dr Ng Cher Yew: Business Strategies that Made an Impact
815pm-830pm: Tea Break
830pm-9pm: Mr Patrick Liew: How You Can Build a Great Business That Last
9pm-945pm: Panel Discussion by Speakers
945pm-10pm: Summary and Closing
10pm-1030pm: Networking and Home Sweet Home
Event Details

When: Wednesday, 27th July 2011
Time: 6pm-10pm
Where: Auditorium of Singapore Chinese Chamber of Commerce
Fee: S$45
SGE readers can get S$10 off by quoting “SGE1106SUV” at registration form.
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Chalkboard unveils exclusive widget for Malaysian HTC users

Singapore-based geolocation ad platform Chalkboard today unveiled its “Pina Colada” project, a codename for its collaboration with mobile handset manufacturer HTC in Malaysia. Through this partnership, HTC users in Malaysia would be able to access real-time updates and promotions through Chalkboard’s exclusive widget, available to all HTC handsets in Malaysia that run on Google Android 2.1 and above.

The widget would allow users to access promotions within a five-kilometer radius, as well as business addresses, operating hours and directions. It also uses Google Maps to provide directions to business locations listed on Chalkboard in the shortest route possible.

“In addition to adding value to the HTC user experience, this partnership also helps our business customers, especially smaller businesses, who often cannot afford traditional marketing and who benefit more from targeting local consumers versus using mass media,” said Chalkboard CEO and co-founder Saumil Nanavati in a press release.

According to Chalkboard, they have 1 million users in Malaysia since its official launch here in January 2011, and have since served up more than 10 million impressions. It also said that it has more than 1,700 “points of interest”, which includes shoplots and retail outlets that use Chalkboard as an advertising platform.

The widget is available to download from HTC, but currently will not be bundled in a package that would be pushed to users. To download the widget, users would have to send in an SMS to 32355 with one of the following messages:

- SMS chalk
- SMS chalkboard
- SMS htc

After doing so, users would receive a reply with an URL from which they can download the widget. Instruction leaflets on downloading the widget would also be included with every HTC smartphone device.

Chalkboard did not disclose how many users they are planning to target with its latest initiative.


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50th ACE BlueSky Exchange – 20 Jul

On 20 July next month, Action Community for Entrepreneurship (ACE) will hold their 50th ACE BlueSky Exchange. This is a dinner and networking session among entrepreneurs and industry practitioners who have contributed to make Singapore one of the best places to start a business. At this event, ACE will welcome the Minister of State for Trade and Industry, Mr Teo Ser Luck, as the new Chairman of ACE.


Event Details

When: Wednesday, 20 July 2011
Time: 7pm-9pm
Where: Qian Hu Corp Ltd, 71 Jalan Lekar, Singapore, 698950 (Map)
Fee: S$30
Register here.
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Clicknetwork.tv founder: Being a female director has its merits

Gillian Tan started her own company with $10,000, a mini video camera and an old Macbook. Today, what was previously a one-woman-show has since evolved to be one of Singapore’s most creative and successful production companies.

She is founder of Munkysuperstar Pictures and manages Singapore-based clicknetwork.tv, an online video network that offers hip, fun, and edgy entertainment programming.

Finding her way into the industry

Gillian is living proof that you just need to start doing what you want to do.

Before moving back to Singapore, she focused on producing television commercials  in the broadcasting department of an agency in San Francisco called TBWA\Chiat\Day.

She explains, “I had applied to some companies when I first moved back to Singapore but didn’t get anything, so being impatient and impulsive, I decided to start my own company.”

Without a response from the companies, Gillian began producing a test pilot for her very first TV show to pitch to MediaCorp. Working out of a room in her mother’s office and equipped with an old Mac she used for editing, it was the start of her production company Munkysuperstar Pictures. The test pilot that she produced later became popular local reality dating show “Eye For A Guy”.

When one door closes, another one opens

While the shows were gaining traction, things did not sail so smoothly.

“Clicknetwork.tv started by chance. Back in 2007, we were supposed to produce season 2 of a Channel 5 show called ‘Girls Out Loud’, but it was cancelled at the last minute due to some complaints from the public,” she said.

Faced with this minor setback, Gillian and Girls Out Loud hosts Rosalyn and Wendy decided to pack up their bags and take a short road trip to Malaysia.

Road Trip EP1 from clicknetwork on Vimeo.

Recalling the events that happened after, “I shot some videos of Rosalyn and Wendy and that ended up on YouTube. Somehow it caught on and people were writing in telling us to produce more videos. I then decided to put these videos onto a website instead. The road trip videos ended up being the first videos on clicknetwork.tv.”

In just four years, clicknetwork.tv became a viral hit with audiences and garnered over 23 million video views and counting.

On being female in her line of work

Gillian explains that being a female director does come with its merits. “In terms of content, it’s easier for me to push the boundaries when it comes to working with female talents. For example, we have a show called ‘Bored in Bikinis’ which involves 2 girls doing random things in bikinis, like suntanning in Orchard Road, playing the Wii and so on. I think it’s a lot easier when the suggestions come from a female director, so the talents probably feel more comfortable.”

The stars of clicknetwork.tv. Photo credit: clicknetwork.tv

The vivacious entrepreneur tells us that it is harder to get people to take her seriously at times, especially in production which is dominated by men.

Her advice? Work extra hard to earn their respect. “The only way is to prove to them that you know what you’re doing and treat them with respect as well. I don’t think this is particular to gender, but I’ve always believed you should treat people the same way you’d like to be treated.”

Her role model

For Gillian, her mother possessed the qualities a woman needed for success. “She’s really smart, has great EQ, and really knows how to deal with people in a way where she’s always fair and respected, without being a pushover. Plus she’s able to balance her work and personal life really well.”

Advice for aspiring female entrepreneurs

Learning to take feedback positively and in stride is important. Gillian observed from experience that men in general are not so emotional and do not take things so personally. As a result they tend to bounce back from criticism or failure quicker then women do. “Don’t let your heart rule your head and don’t let emotions get the better of your judgement,” she says.

The most important trait is to take a different perspective. By developing their own content, clicknetwork.tv has amassed an enormously loyal audience and a true brand identity. It is precisely because of their content that sets them apart from traditional television.

clicknetwork.tv’s newest show -- NUMBNUTS. Image credit: clicknetwork.tv

Closing thoughts

Gillian firmly believes that gender should not stop a person from accomplishing what they want to do.

Her entrepreneurial experience has made her bolder and less afraid of taking risks. And it all started with just a a Macbook, $10,000 and an old video cam.

Why can’t yours?

Intro photo: Founder and Producer Gillian Tan


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iPhone App, Campusfork Helps you Find Awesome Food Nearby

Campusfork iphone application allows users to search for food dishes using the “nearby feature” which instantly delivers the dish photo, restaurant name, and map.  The application solves the problem of seeing before your eat.

Taking photos of food with your phone is becoming wildly popular with other major apps such as Foodspotting in the US and Meishidaren in China.

Fun game mechanics are embedded in the application.  Each user can gain points when users award “hot points” to food photos.  A leader board helps users keep score in the social network.

The iphone application also allows users to upload restaurant food photos and share the picture on Facebook and Twitter.  Users can also choose filters such as normal or an artistic retro look.

 

 

Campusfork assists the diner by providing a visual photo of the dish from the 4,000 photos internationally mainly in San Francisco

and Hong Kong so that they can see before they order.

Wong started Campusfork.com in his bedroom with only $6,000.  Today, he remains the sole owner of the company and outsourced iphone application to a local Hong Kong team.

Campusfork.com was founded by Rayfil Wong, a UC Berkeley graduate and has been on reality television show American Inventor.

 

Related posts:

  1. CampusFork’s “Food Porn” Arouses Both Diners and Entrepreneurs
  2. Meizu M9, Looks As Good As iPhone 4, Out Before Christmas
  3. A Sneak Preview of Camera360′s Upcoming iPhone App


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2.4% Of Indian Population on Facebook – MTV India and Docomo Most Popular Fanpages [Interesting Stats]

Facebook has been growing at a blazing speed and has become THE platform for any social media marketer. Facebook added around 1.9Mn users in past 30 days to reach a total of 28.5Mn users. This is approximately equal to 2.4% of India’s population and 35% of total online population of India. India stands at number 5 in terms total userbase for Facebook, after US, Indonesia, UK and Turkey. With the current growth rate India, would be at #3 within the next 3-4 weeks. (Source)

The demography of Indian Facebook users is pretty much a reflection of web users overall. About 29% of the users are female. 47% users are between 18-24 yrs of age and another 30% between 25-34yrs.

facebook India age distribution chart

Facebook India Age Distribution

Facebook India Key Statistics:

  1. 28.5 Mn Users. Growing at 7% monthly.
  2. Reaches 35% of online population
  3. 47% users between 18-24yrs.
  4. MTV India has largest fanbase followed by Tata Docomo.
  5. Ad rates – $.25CPM and $0.59CPC

MTV India is the leading media brand fanpage in India with 2.7Mn fans (10% of Indian Facebook population) and is adding about 5000 Fans daily. MTV India is closely followed by Tata Docomo with 2.6Mn fans but the growth of Docomo is about 4x that of MTV India.

facebook India Popular Fanpages

Most Popular Pages in Facebook India With Number of Fans

Advertising Rates on Facebook India

Although Facebook has been a popular destination for advertisers looking to run ‘social media’ campaigns but the cost of advertising on Facebook has always been questioned. The avg. Cost per click (CPC) on Facebook for Indian traffic comes out to be around $0.60 (Rs.27) and cost per thousand impressions (CPM) comes out be around $0.25(Rs.12).

When compared to other online properties the CPC is significantly high whereas the CPM is very low. This computes a very low CTR of around 0.04%. Although compared to contextual and search advertising, which is driven by need, this would always be low, what it also shows is the weak targeting of the ads. Also, given the ad position in Facebook are non-intrusive, they might be getting lower attention. (Recommended Read: Get Paid To Be A Facebook Fan)

facebook india ad rates

Advertising Rates On Facebook for India Traffic

What are your thoughts on Social media in India? Will Facebook see competition any time soon in India? Will the advertisers end their honeymoon with Facebook?


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