Monday, December 26, 2011

Japanese Publishers Cause Amazon To Delay Japan E-book Service [REPORT]

Back in October we told you about how Amazon (NASDAQ:AMZN) was supposedly winding down late-stage negotiations with Japanese publishers to launch its e-book service in Japan. We had expected to see the online retailer enter the local market sometime in 2011, but according to a Kyodo report today the negotiations have proven difficult.

Amazon does not yet have a sufficient number of publishers on board yet to launch its service, and its new target date could be next spring.

The Japanese e-book market was worth 65 billion yen ($846.9 million) in 2010, while the market for printed books and magazines which is worth about 30 times more at two trillion yen (almost $26 billion). So naturally, Japanese publishers are going to soil their respective pants at any medium that threatens to disrupt their business. According to one source, lower priced e-books from Amazon could cause “paper book prices [to] crash, triggering the collapse of the publishing industry.”

Nonetheless, it’s a bit of a bummer for Japanese geeks who prefer their books in a digitized, often more portable and convenient, format. But hopefully Amazon can find some way into the market soon.


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RBI Removes INR 50K Cap on Mobile Banking Transactions

RBI (Reserve Bank of India) has removed INR 50,000 cap on mobile banking transactions. However, banks may place per transaction limits based on their own risk perception with the approval of its Board.

Mobile banking in India is set to generate fee-based income of Rs 20,250 crore over the next five years, mainly driven by lower transaction cost, favourable regulatory environment. By 2015, $350 billion in payment and banking transactions could flow through mobile phones, compared with about $235 billion of total credit- and debit-card transactions today [Report: Mobile Banking & India].

Mobile Banking & India

Mobile Banking & India

Also see: Nokia Money goes live pan-India


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Ready For Your Close-Up? Tencent’s Online Maps Bring StreetView to China

Lhasa's Potala Palace shown in the new Soso StreetView feature at maps.soso.com.

The Chinese search engine Soso.com has added a Google-esque ‘StreetView’ feature to its online maps. It launched over the weekend, and initially covers just three areas – the modern city of Shenzhen; the ancient Tibetan capital, Lhasa (pictured above); and one scenic mountain region. More cities in China are being visited by Soso’s StreetView camera cars, and will go online in due course.

Soso is run by social media giant Tencent (HKG:0700), and so this very expensive new feature – which market leader Baidu (NASDAQ:BIDU) doesn’t have – shows that Tencent is taking its search engine and complementary parts very seriously. Indeed, we saw earlier this month that Soso had surpassed Google to become China’s second most popular search engine.

No, that's not Paris... The entrance to Shenzhen's 'Window on the World' theme park in Shenzhen.

Soso’s StreetView – still in beta – has all the usual dragging, zooming, and dropping pins that we’re all familiar with from Google’s, which rolled out in 2007. It also has a night-time mode, so that you can feast your eyes on some neon-lined streets. Tencent is based in Shenzhen, which likely explains why it’s the first major city to get this feature. One smaller but very experienced mapping company has already rolled out its own camera cars in China, which means that Soso’s effort is not the first.

But, there are two bugbears with this: one is that it’s Flash-based, and the other is that Soso’s StreetView fails to work in most modern browsers, and I had to fake using an old version of Firefox in order to get it to work at all. It’s probably fine on IE7 or something. That’s some old skool thinking.

Google has rolled out its StreetView in the Greater China area – such as Hong Kong, and parts of Taiwan – but it’s inconceivable that the American company would get permission to do the same thing in mainland China.

In related news, Baidu launched a satellite view on its online maps service last month.

[Source: 36kr - article in Chinese]



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Government intervention in entrepreneurship: When is it too much?

Fearless is a word often used to describe Karen Kerrigan and it’s not difficult to see why.

Deciding that entrepreneurs weren’t getting the attention they deserved from government bodies, she founded the Small Business & Entrepreneurship Council (SBE) in the US, ruffling more than a few establishment feathers in the process.

Founded in 1994, the SBE is a research and advocacy organization dedicated to help small business owners and promote entrepreneurship.

Today, the think tank has more than 70,000 members and she is one of the most influential voices in Congress, having led several key initiatives to improve business conditions for entrepreneurs and foster US and global entrepreneurship.

Though market conditions in the US and Singapore are different, Kerrigan believes that entrepreneurs in both countries need to be vocal about the challenges they face.

“Entrepreneurs must work together through associations or coalitions to collectively voice their concerns to government,” she says, adding that government bodies on their part also need to understand that while a certain degree of taxation and regulation is necessary, start-ups need to be allowed the freedom to grow and innovate.

“Governments must understand that in an era of limited resources and many challenges, entrepreneurs can help develop solutions to key challenges faced by society… the more time and resources a business owner has to put into their enterprises, the more jobs and positive economic activity will flow from those entities. In addition, a vibrant and relatively free business sector produces more tax revenues for the government.”

When to help and when to leave well alone

If the comments made at August’s Chillin’ With session with then presidential candidate Dr Tony Tan were any indication, it seems that many local start-ups view the Singapore government’s financial assistance as more of a hindrance than a help. Some participants in that session pointed out that micromanagement and bureaucratic red tape are some of the hoops that investors and founders find themselves having to jump through when seeking grants.

So exactly when should the government intervene and when should they leave start-ups and investors to work things out on their own?

Kerrigan offers that governments should only intervene or regulate when there is market failure. However, this is not to say that they should limit their involvement to crisis situations.

She points out that there are plenty of areas that would benefit from their attention, including: Identifying ways to reform taxes, creating regulations or compliance to better streamline current systems and make them more globally competitive, and removing trade barriers and making sure that there are proper laws in place to protect entrepreneurs’ intellectual property rights.

Creating a culture of entrepreneurship, therefore, is “the responsibility of both the government and the private sector,” she notes.

Can entrepreneurship be taught?

While Kerrigan acknowledges that successful entrepreneurs have certain in-born traits that separate them from their peers, she believes education also has a role to play in laying the foundations for a life of entrepreneurship.

“The fundamentals, for example: Financial literacy, how to develop a business plan, marketing, competitive analysis and management, are clearly important [because they are] the basic building blocks that increase a startup’s chance of survival and growth,” she explains, adding that it is never too early to get children started thinking like entrepreneurs.

“At the earliest stages of education, children need to be exposed to entrepreneurship as a career option. Their leadership, team building, problem solving and creative skills need to be developed.”

Kerrigan adds that the importance of having mentors or role models should not be overlooked either.

“Part of the entrepreneurship education process should include regular exposure and engagement with successful entrepreneurs – men [and] women from different backgrounds and ages. Meeting entrepreneurs and hearing their stories is not only educational but motivational – this plays such an influence in whether people decide to start businesses, their exposure and interactions with real entrepreneurs.”

This is especially true when it comes to encouraging more women to become entrepreneurs in the region.

“On a global basis, there has been extraordinary growth in the number of women entrepreneurs. Higher numbers of successful women entrepreneurs mean there are more role models to encourage and influence the next generation,” says Kerrigan. Many women across the world remain disenfranchised.

“Government leaders must understand that women’s role in society is critical to their nation’s economic future and overall health. When they hold back women, they are holding back their entire country’s potential and ability to compete on the international level.”

How do you think entrepreneurs and the government can work together to foster a better startup environment in Singapore? Do you think there’s a need for a collective organisation to represent small business owners in Parliament? Share your thoughts with us.


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Have You Been Hacked?

The passwords leaking incident is still going on with more websites involved including Tianya.cn, a popular BBS service aimed to go public in the coming years.

As of now the websites got hacked include: CSDN (6 million account compromised), Duowan (8 million), 7k7k (20 million), 178 (10 million) and Tianya (9 million). Except for these confirmed ones, some big-name sites like Renren, NetEase, Baidu and Sina weibo are also rumored to be compromised with some user accounts being hacked. Sina Weibo has just denied the claim saying some accounts are in trouble only because they used the same compromised passwords on other websites.

Archived files with all compromised accounts were already available all over the web, and free.And the hackers behind the Chinese websites year-end compromising show remain mysterious.

 

Have You Been Hacked?

To ease concerns and help people find out whether they’ve got hacked, a number of handy services just sprang up overnight. Type in your account info (email/username) and enter, they’ll let you know if your account is compromised or not. I just checked, my good old Tianya account did get hacked.

Worried about your privacy? Try them and change your password ASAP.

http://amihacked.mijun.net/

http://0bad.com/csdn.php

http://difan.org.cn/services

 

Related posts:

  1. Jiepang “Checks-in” to NFC Feature
  2. Angry Birds Wants To Beat Disney in China Within 2 Years
  3. Seven China IPOs Raised $1.3 Billion in First Half


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Chinese Hacks May Be a Challenge to Real-Name Registration

Recently, the Chinese internet has been rocked by the release of confidential user data on the internet, ostensibly in the wake of high-profile hacks of CDSN, Tianya, and a number of other high-profile, high-traffic sites. Chinese media initially reported that the data released by the hackers was potentially worth millions, but now members of the Chinese hacking community are coming forward, and they’re telling an altogether different story.

The data released on the internet last week was already widely available in hacking circles, according to Wan Tao, the founder of a popular hacking online community. Wan told the Dongfang Daily that the reason the data looks so old (most of the information released involves pre-2009 usernames and passwords) is that it is old. Apparently, the databases have been floating around in hacker circles for some time, and hackers told the paper that whoever released the data must have done it for fun, as there is no way anyone could make money from such an old, widely-circulated database.

Fun, or to make a point about the increasing focus on real-name registration systems, which China’s biggest microblogs have already put into place. Wan told the Dongfang Daily that the release of the data could potentially be understood as a challenge to the emphasis on real-name registration systems; a (relatively) victimless way of demonstrating that storing people’s real identities on web servers might have unintended consequences. “Excessively emphasizing real-name registration has risks,” said Wan, “and at present, risk assessment has not been sufficient.”

Whether or not the release of millions of years-old usernames and passwords was intended to prove a political point, it has certainly created quite a stir in China. For some, the move seems reminiscent of Anonymous’s semi-political hacking projects, which have wreaked havoc on Western businesses and governments over the past several years. But since no one has yet taken credit for the release of the data from CDSN, Tianya, and other major sites, it’s impossible to be sure what motivated the leaks.

[Dongfang Daily via Sina Tech, Image Source]



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Mobile Money APAC 2012 – 30 Jan-2 Feb

Mobile Money Asia Pacific will be held in Singapore on January 2012. It is an opportunity to learn about mobile money opportunities in developed and emerging countries across Asia Pacific. Two Mobile Money Conference Workshops will be held: Pre and Post. Also check out conference details for Day 1 and Day 2 as well as the list of keynote speakers.


Event Details


When: Monday to Thursday, 30th January-2nd February 2012
Where: Swissotel, 2 Stamford Road, Singapore 178882 (Map)
Fee: US$2299-2699 (S$2973-3875)
Register here.


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CPB2011 – do we really need it?

According to the Working Draft of Computer Professionals Bill 2011, this bill if passed, will be:-

‘An Act to provide for the establishment of the Board of Computing Professionals Malaysia and for the registration of computing practitioners, computing professionals, sole proprietorships, partnerships and bodies corporate providing Computing Services and for purposes connected therewith.’

In short, the bill, if passed, will form a body called the Board of Computing Professionals Malaysia to regulate computing professionals the same way doctors, accountants and architects are regulated by their respective bodies.

This seems like a good step forward for the computing industry as it aims to raise the level of quality work and professionalism in the industry thus setting an accepted benchmark to be followed.

So let’s first take a look at what this Act covers.

This Act applies to the Critical National Information Infrastructure (CNII)

Critical National Information Infrastructure (CNII) refers to those assets, systems and functions that are vital to the nation that their incapacity or destruction would have a devastating impact on National economic strength or National image or National defense and security or Government capability to function or Public health and safety’

The definition of CNII given is far too vague for anyone’s comfort. Even the panel of experts involved in drafting the Bill admitted that there was no agreed definition of CNII. A lot of things could easily be argued to fall under ‘national image’ or ‘public health and safety’.

The next question would be, who qualifies to be a Registered Computing Professional?

‘any person who is a Computing Graduate or any person who has other qualifications recognised by the board’

And if the Board decides not to recognise a self-taught programmer as having the proper qualifications?

Except as otherwise provided under any other written law, no person or body, other than a Registered Computing Professional who is residing in Malaysia or a Registered Computing Services Provider providing Computing Services that are within the scope stipulated in section 2, shall be entitled to submit proposals, plans, designs, drawings, schemes, reports, studies or others to be determined by the Board to any person or authority in Malaysia.’

Tough luck getting a job in the computing industry, let alone being a freelancer or a startup.

In my opinion, on the surface, the proposed Act seems like a good move forward for the computing industry in the country. I agree it is important to set a level of accepted professionalism and quality of work especially since IT is now used in almost every aspect of our lives, even in hospitals and schools.

But the question remains, is this proposed Act necessary?

Personally, I find CPB2011 unnecessary and prohibitive. Will the appointed Board of Computing Professionals be able to keep up to speed with the changing landscape of the industry? The computing industry moves way too fast and any initiative to regulate it will only slow it down.

Professionalism and quality of work is important, but can it only be done through the passing of a new Act? Before a company or a person is hired to do a job, wouldn’t there be portfolios and SLAs (Service Level Agreement) involved? Isn’t Contract Law enough to regulate shoddy work?

Plus, requiring a computing professional to take a professional assessment examination by the Board and pay fees to be a Registered Computing Professional might drive up the cost of the computing industry. Wouldn’t that prohibit innovation?

The new generation needs to be given space to explore and grow and in the last few years I think we’ve seen more and more young entrepreneurs venturing into IT-related startups. This piece of Act will only serve as deterrence instead of contributing to innovation. Why waste time on creating something that might end up being considered illegal by law?

In US, a 16-year-old boy secured USD250,000 in funding and created an iPhone app that received 17,000 downloads in just 4 days. He’s not academically certified and I’m not sure if he has had any past experiences that would be ‘recognised’ by the Board either. From this example, academic qualification and past experiences do not play a strong role in his success, now does it?

If CPB2011 has been passed when a similar 16-year-old in Malaysia is looking for funding, he would be considered a risky investment as the Board might decide that he’s not qualified to be a Registered Computing Professional, thus not qualified to work on any CNII related projects (which as discussed above, is vague as to what it really covers).

Lastly, if this Bill is passed, they might decide to regulate other professions as well in the future. If one day they decide to govern social media practitioners, I’m not sure if I would ever qualify, as I am a law graduate. I’d rather not see the dawn of that day.

If you would like to petition against the Bill, you may do so here: http://www.change.org/petitions/mosti-stop-computing-professionals-bill-2011-cpb2011

I’ve also gathered some thoughts from other Malaysians regarding the CPB2011:

“It is a good piece of law to manage the way computer industry is run however as the stand is currently maintained by the Bar Council, any piece of law should go to all stakeholders. Political will is needed for the Computer Professionals to show they are capable enough in regulating and raising level of their profession without a piece of law.” – Khairul Anuar, Lawyer and social media enthusiast.

“This Bill doesn’t solve anything but adds more bureaucracy to the innovation hence curbing. CNII is the most important part of the Bill yet there is no clear definition. The Bill is open to interpretation and can become a tool for tyrants in the country to suppress its people. There is also no clear execution plan. There should also be a clause in any bill that if it shows that it is unable to be executed in a stipulated time, it should be made void and not become a useless law to be exploited.”  Michael Foong, IT Professional.

“Is the CPB2011 good? No. Industry professionals don’t need it. Practioners can come from many fields and the IT field is probably the most rapidly changing industry out there. The current scope of CNII is too spread spectrum. It should be reduced and verbose. The focus of projects should be to meet standards, not certification of people building them. All around the world the industry is self-regulated by bodies like ACS, BCS, SCS. We already have the MNCC, we don’t need an act of law. A bill pushed by parties with vested interests must never have effect on this great industry.” – Colin Charles, Computing professional.

“If the government’s aim is to elevate the credibility and image of computing professionals alongside doctors  and engineers through the enactment of CPB, it would be great. However, the definition of CNII, which does not clearly define the limits of ‘nation’s image’ must be clearly defined and government should know that IT industry is an agile industry. Can they keep up with programming technologies that always changes? The government also should ask us, the ones who are doing the hard work rather than asking consultants who I believe hardly codes or the ones who have other agendas behind the enactment of the Bill.” – Ikhwan Nazri, CEO of amanz.my.

“I think the bill is too vague and misguided to make a difference and agree with the opinion of the tech community that it will do more harm than good. The stated goal of the Bill (to raise the quality of IT professionals and practitioners in Malaysia) can and should be achieved by different means like better SLAs and accountability for high value IT projects.” – David Wang, a self-taught entrepreneur providing WordPress solutions.

“As a startup venturing into the IT industry with a mechanical engineering background, I feel that the Bill will likely be an impedance to the fast-paced IT industry environment, of which is poised to gain even more momentum in time. The lack of official certification does not and should not limit imagination and resourcefulness, and instead may open windows to groundbreaking perspective views. Let us also remember that opportunities don’t last, and may be seized by others while the entrepreneur is forced to go back to books instead of developing, testing and perfecting his product.” – Evo Ooi , New Media Entrepreneur.


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Our 5 Favorite Data Visualizations for Asia in 2011

We digested quite a bit of data over the past 12 months here on PO. While we’re far from pro statisticians, we did our best to present trusted data for our readers, in a manner that emphasized clarity above all else. We hope to learn more as our blog continues to grow, but as this year draws to a close, I thought I’d look back at some of the more fun/interesting data presentations we kicked out this year. So here they are in no particular order:

1. Asia’s Internet By the Numbers (August 24th)

Internet World Stats is always an insightful place to learn more about how the world uses the internet, and after they updated their figures this summer, we dove in for a look at the Asia stats. While we added some fun interactive maps to this post, perhaps the most striking chart for me was a simple pie graph showing the breakdown of Asia’s Internet population by country. China accounts for about half of Asia’s internet population, which perhaps justifies our recent decision to increase our focus on stories from there.

2. How Japan Kept Informed After the Quake (June 8th)

We took a look at a comScore survey that asked people in Japan which types of media they thought were the most important sources of disaster information. While I’m not certain of the scope of the survey, I think that it gives a somewhat surprising overview of how Japan currently consumes media, because despite its high-tech reputation, its aged demographic shows a preference for traditional media. Note the divergence of television vs internet, as well as radio vs mobile.

data from comScore

3. The State of the Internet in Asia (October 25th)

Ok, I give. If I have to choose a favorite interactive from 2011, this one is probably it. It’s actually a chart/map super-combo! It was my first foray into both shapefiles for maps as well as the Google Charts API, but I think it came out ok. The numbers come from Akamai’s State of the Internet report for Q2. As you can see Korea still wins the internet speed race.

4. Visualization: India Fights #Corruption, Tweets for #AnnaHazare (April 7th)

When India lit up Twitter back in April in an outburst against corruption, activist Anna Hazare quickly became a trending topic. We sampled 1000 tweets and visualized them using one of those oh-so-trendy word clouds. That by itself is not especially fascinating, so we shaped it like a map to sort of literally represent the conversation that was happening in India on the day.

Anna Hazare, India Map Visualization

5. Google Android Outgrows Apple in Japan Smartphone Market (July 1st)

Like the pie chart above, this graph is not especially complex. But I think it shows at a glance one of the top stories that we covered in 2011: the rise of Android. This particular chart looks at Japan, and how Android reportedly surpassed iOS early in the year. Hopefully we can get some fresh numbers sometime soon to see where things currently stand in the mobile OS wars.


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Paging All Entrepreneurs Interested in Startup Asia

entrepreneursOur growing list of participants for Startup Asia Singapore has us very excited. I’m not too sure how our small team has managed to put this together, but we certainly have worked damn hard to create this event. We want the best experience for all who are involved: founders, investors, developers, and sponsors. The work is far from complete though, as we continue to prepare for the event which is just around the corner on February 2nd and 3rd.

We’ve heard a lot from the community, including some positive as well as some criticism. And like any startup out there, we are consistently seeking feedback to improve our product.

In this instance for Startup Asia, one of the problems highlighted is price: We understand that not all founders can afford the ticket. And if we build the event for entrepreneurs then of course we want you to come. And you should come because some of you might just walk away richer after the 2-day event.

If you are interested to attend but struggle to find spare cash to do so, feel free to email me or Minghao and maybe we can find a solution to get you into the event, within reason. But keep in mind that just like many of you out there, we also have our bills to pay. :)

[Image: thefinancekid]



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