Sunday, August 26, 2012

Report: Sequoia Capital’s New China Fund to be Worth $325 million

The Silicon Valley venture capital firm Sequoia Capital is reportedly close to finalizing three major new funds which will pack a total of nearly $1 billion. The trio of separate funds will include, says Bloomberg, $325 million for a China venture fund. The other two will be focused on startups in the US and Israel.

Bloomberg is hearing that the new funds will be closed next month, but it’s not known when they’ll be ready to roll into action. Sequoia is celebrating its 40th anniversary this year, and already has offices in the three afore-mentioned nations.

Sequoia Capital has long been very active in Asia – and especially in China. It is thought to have taken part in the recent $60 million fund-raising by Dianping, China’s largest Yelp-like site, having participated in earlier rounds. Sequoia also backed the last major Chinese tech IPO in the States, the flash deals site VIPShop (NYSE:VIPS), in which the VC firm has a 20 percent stake.

And, last December, Sequoia entered into a joint-venture with China’s Zhenfund, called Zhenfund 2.0, which packs a total of $200 million in investment potential.

[Source: Bloomberg]

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Indonesians Love Naruto and Football: Top 10 Searches on Google During Lebaran

Google Indonesia recently announced its report [1] two days ago on the hottest keyword searches used during the Lebaran holiday, from August 17 to 23. This can shed some light on what’s trending among Indonesian web users and what they’re mostly interested in this year.

Here’s the top 10 list, in its entirety:

  1. Naruto 598

    I read Naruto quite often myself. But I never would have guessed that this popular Japanese manga would be the number one top keyword search in Indonesia! It seems that the Japanese anime fans in Indonesia are more numerous that anyone could’ve imagined. No wonder online manga websites such as MangaHere and Mangastream get a very high traffic ranking – they are ranked 206th and 477th respectively in Indonesia.

  2. SMS Lebaran

  3. Indonesians looked for a lot of SMS greeting texts during the holiday. We love those quirky holiday greetings, it seems, and it profits telcos such as XL and Indosat. The next three keywords are also related to holiday greetings.

  4. Ucapan Selamat Idul Fitri, which means “Eid al-Fitr greetings”

  5. Ucapan Selamat Lebaran, which means “Lebaran greetings”

  6. Pantun Lebaran, which means “Lebaran Poem”

  7. Jadwal Liga Inggris, which means “English League Schedule”
    It seems that English premier league football is the choice for Indonesian boys. Go Manchester City!

  8. Arus Mudik, which means “homecoming traffic”

    I love Jakarta when it’s the Lebaran holiday, mainly due to there being no traffic jams. It’s all thanks to the Jakartan citizens going back to their hometowns during the holiday. We love homecomings. It seems hell for the people going back to their hometowns though – as pictured in this photo of nightmarish gridlock.

  9. Robin Van Persie

    Arguably the biggest player transfer in the English premier league this summer.

  10. Niat Zakat Fitrah, which means “Intent on Zakat Fitr.”

  11. Resep Opor Ayam, which means “Chicken in Coconut Milk Recipe.”

This tasty dish is the number one most sought-after holiday recipe during the holiday.


  1. Thanks to Kompas for the find!  ↩

[Via Kompas, pictures: skyreign.com, 1999.co.jp, mardiyanto.info, sportsworldreport.com, and beke000.wordpress.com.

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Twitter, where common folk make Indian politicians ‘Diet’

When Twitter was young, Indian politicians were hardly aware of the site. The ones who took to the medium, paid a hefty price. Six years on, the microblogging site is fast becoming a place which politicians can no longer afford to overlook.

The site has some 16 million users in India, definitely a minority in a country of 1.2 billion people. Why pay all this attention to the twitterfolk then? The old saying, “crying baby gets milk first,” fits the scene perfectly and more so if the minority is influential. When twitter folks cry, they bring the house down and milk is served.

Political analyst and pro vice chancellor of Jain University, Sandeep Shastry says that leaders are increasingly using social media as they realise that on Twitter there is a segment of society which is easily accessible and responsive. However, its direct influence is little as a vast majority of population is not hooked to the Internet, he points out.

That said, it has a significant trickle down effect on the Indian electorate and politicians, though hesitant and fearful of the new medium, know that it can not be ignored for much longer. What else will explain the presence of 3-4 chief ministers, leaders of the opposition and the ruling party, commentators, journalists and the government itself on the site? The governments of almost two-thirds of the 193 UN member countries have a presence on Twitter even though just about 30 of them  tweet themselves and very few are regular.

Looking forward to a great G+ Hangout with you on 31st Aug. Actor @ajaydevgn will join us throughout the interaction nm4.in/Obzygc

— Narendra Modi (@narendramodi) August 25, 2012

There was a time when pundits from internet dense parts of the world declared that the site is the “new global water cooler.” With the mainstream picking up trends and issues being discussed on Twitter and vice versa, despite low internet penetration in developing countries like India, it is now much more than a water cooler.“It is also becoming a voice for alternative politics,” Mr Shastry says. He points to the India against corruption movement and many protests that have mobilised people through social media as examples.

Lately, Indian politicians have begun taking cues from their western peers and started using social networks to reach out to people. While brevity is not their forte, our verbose politicians have learned to say a thing or two in 140 characters over time.

I never thought I’d say this but I love having nothing to say on Twitter :-)

— Omar Abdullah (@abdullah_omar) August 7, 2012

Besides the usual stuff that internet is made of, twitter has now become a place for hard political discourse:

I gave a notice in Lok Sabha for suspension of Question Hour to discuss the attacks on our people from North (cont) tl.gd/is8hdq

— Sushma Swaraj(@SushmaSwarajbjp) August 16, 2012

One of the first to join Twitter from the political clan was Shashi Tharoor, who returned to India to chase a career in politics after numerous assignments in foreign countries as a United Nations official. Mr Tharoor went on to become the first Indian politician to cross 100,000 followers on Twitter but soon he was in for trouble. His remark on Twitter, which referred to economy class flight as “cattle class,” did not go well with the Twitterverse or the real world. This was a classic case of what is now called an angry twitter backlash.

The twitterfolk, for reasons right or wrong, have been critical of the government, politics and politician bashing is the favorite pass time on Twitter. “I’m concerned about the excessive negativism on the site,” Mr Shastry told Pi pointing out that the idea of “I love democracy but I hate politics,” to which many people subscribe to, is not it tune with Indian political process.

Its Undeclared #Emergency2012 in India. #Colonial Rule is back! To protest against it #Chalo Jantar Mantar.

— IAC Pune (@IACPune) August 26, 2012


Now heavyweights like Sushma Swaraj, Narendra Modi and Akhilesh Yadav have joined a number of other politicians to air their views.

To the government’s frustration, unlike Google or Facebook which have big business with India, the government has little control over San Francisco based Twitter which does not even have an office in India. The recent outburst on twitter, following which the government’s clumsy move to block certain accounts which was met by tardy response by twitter only underlines this.

In an analysis after the latest censorship episode, Pranesh Prakash of the Center for Internet and Society said:

The goodness of the government’s intentions seem, quite clearly in my estimation, to be unquestionable. Yet, even with the best intentions, there might be procedural illegalities and over-censorship.

As the nation comes to speed with new technology, its leaders are struggling to come to terms with the changing nature of political discourse. Mr Tharoor puts it wisely in this article last week:

Technology has become the biggest asset for those who seek to promote and protect freedom of expression around the world. That is why we must support and celebrate the Internet and strive to ensure that the freedom it offers are neither abused nor eroded. There is a thin line between the risk of abuse and the threat of censorship, but in a democracy, there is only one side of that line we can stand on.

Here are some of our politicians on Twitter *

Omar Abdulla (@abdullah_omar, Chief Minister of J&K)

Shashi Tharoor (MP, former MoS for External Affairs)

Vijay Mallya (@VijayMallya MP, Businessman)

Narendra Modi (@narendramodi/Gujarat Chief Minister)

Dr Manmohan Singh (@PMOIndia)

Kapil Sibal (@kapil_sibl, Minister for Ministry of Human Resource Development, looks like a fake account)

Rajeev Chandrasekhar (@rajeev_mp, Independent MP)

Sushma Swaraj (@SushmaSwarajbjp, Opposition)

Subramanian Swamy (@Swamy39)

Tarun Vijay (@Tarunvijay, MP)

Varun Gandhi (@varungandhi80, MP)

Milind Deora (@milinddeora, Minister for IT)

K Sudhakaran (@ksudhakaranMP)

Baijayant Jay Panda (@Panda_Jay, LS MP, BJD)

Naveen Jindal (@MPNaveenJindal, MP, Businessman)

Ajay Maken (@ajaymaken, Minister of Youth Affairs & Sports)

Rahul Gandhi (@rahulgaandhi, not verified)

Sharad Yadav (@Thesharadyadav)

B S Yeddyurappa (@Yedyurappa, not verified)

Akhilesh Yadav (@yadavakhilash, UP CM, not verified)

*Disclaimer: Some accounts could be fake. Follow at your own risk.



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South Korea Says Real Name Web Rules are Unconstitutional – But No Such Luck in China

mogujie

South Korean courts have ruled that the proposed “real name internet system” is unconstitutional and would be ineffective at stopping the spread of online malicious rumors. Chinese netizens – who are now subject to extensive real name regulations on social media, aimed at stopping rumors and suppressing dissent – have reacted by calling Korean netizens “lucky” to be protected by the country’s judicial system. Indeed, China’s web users are likely to face stricter real name rules as each year goes by as authorities increasingly control online media.

Read more reactions on Tea Leaf Nation at the source link below.

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Successful fund raising to commercialize micro-needle drug delivery system, Micropoint

Painless injectionMicropoint Technologies declared its success in fund raising to commercialize its innovative micro-needle drug delivery system. This technology is jointly funded by Mercatus Capital in partnership with Angel Investor, GITP Investments.

”This investment has come at an opportune time for Micropoint Technologies. After years of R&D, we now have a suite of tested products that are ready to be commercialized. The financial support coupled with the incubation services is just what Micropoint needs to become a major player in this 52 Billion US dollar industry. We have been tracking some major deals which we will announce in due course” commented Lim Chee Yen, Founder and CEO of Angel Investment.

As the lead investor, we are very excited with the potential of Micropoint’s Micro-needle technology, and are pleased to be working with Mercatus Capital in this co-investment. We have complementary strengths which we will leverage on, to accelerate Micropoint’s ‘Go To Market’ Strategy” said General Manager of Strategic Investments Patrick De Silva and Chief Angel at GITP Investments , Chou Fang Soong.

Painful injection is now a thing of the past. With Micropoint Technology, it delivers painless injections as well as applicable for various biomedical applications such as transdermal drug delivery, body fluid extraction and in-vitro diagnostics. It uses micro-needles which come in sizes for easy penetration into the outermost layer of the skin. The best part is, this technology is cost-efficient, eco-friendly and recyclable as well.

About Micro-Point Technologies

Providing innovative solutions to medical industries, this company was established in 2008 to commercialize micro-needle technology. Efficient for drug delivery and diagnostics applications, this technology was invented by the Founder.

About GITP Pte Ltd

GITP (Global Innovations & Technology Platform) is a Singapore based Corporate Angel Investor that invests in various Startup and Seed companies in Asia and expanding to other parts. Part of Rutledge Vine Capital, GITP focuses on global investments.

About Mercatus Capital Pte Ltd

Mercatus Capital is Asia’s leasing Angel Investor, Incubator and Business accelerator. Headquartered in Singapore, it helps to provide support to budding entrepreneurs.

Read the full press release below.

 

****

7th August ’12, Singapore:  Micropoint Technologies announced today its successful fund raising, to underpin the product development and commercialization of its revolutionary micro-needle drug delivery system. In a ratification of Singapore Inc. working at its best, SPRING funded Incubator Mercatus Capital collaborated with Angel Investor, GITP Investments, to jointly fund Micropoint’s technology. The micro-needle technology was initially developed in the laboratories at A*STAR.

Micropoint Technologies is a pioneer in the field of painless injections for drug delivery, and piercing of skin for blood samples. Its micro-needle technology can be applied to a whole host of biomedical applications including transdermal drug delivery, body fluid extraction and in-vitro diagnostics.

Commenting on the Angel investment and Incubation, Lim Chee Yen, Founder and CEO said, ”This investment has come at an opportune time for Micropoint Technologies. After years of R&D, we now have a suite of tested products that are ready to be commercialized. The financial support coupled with the incubation services is just what Micropoint needs to become a major player in this 52 Billion US dollar industry. We have been tracking some major deals which we will announce in due course”

Micropoint’s core technology includes manufacturing of plastic micro-needles through an injection moulding process. These micro-needles (solid or hollow) are made small in size, for easy penetration into the stratum corneum, the outermost layer of the skin, for purposes of blood sampling, one-step diagnosis as well as drug delivery.

Ravindran Govindan, Chairman Mercatus Capital said, “It used to be so painful for me to see my children cry after receiving injections. Micropoint’s painless injections will make those painful visits to the doctor a thing of the past! We are proud to play a part in commercializing this valuable IP, developed at A*STAR.”

Micropoint’s micro-needles are known to be cost-efficient, eco friendly and recyclable. The manufacturing process has been designed for easy scalability.

General Manager of Strategic Investments Patrick De Silva, Chief Angel at GITP Investments , Chou Fang Soong, commented, ”As the lead investor, we are very excited with the potential of Micropoint’s Micro-needle technology, and are pleased to be working with Mercatus Capital in this co-investment. We have complementary strengths which we will leverage on, to accelerate Micropoint’s ‘Go To Market’ Strategy.”

About Micro-Point Technologies: (www.micropoint-tech.com)

Micropoint Technologies Pte. Ltd is a hi-tech product development company providing innovative solutions to the medical industry, particularly for drug delivery and diagnostics applications. It was established in 2008 to commercialize the micro-needle technology that that was invented by the Founder while working in the Institute of Materials Research and Engineering (IMRE), one of the research institutes under the Agency of Science, Technology And Research, Singapore (A*STAR).

About GITP Pte Ltd:  (www.gitpx.com)

GITP (Global Innovations & Technology Platform) is a Singapore based Corporate Angel Investor which invests in Startup & Seed companies in China, India, Singapore, Indonesia, Vietnam and other countries in Asia and beyond. GITP is part of Rutledge Vine Capital which focuses on global investments. GITP is driven by a high calibre team with a combined experience of over 80 years spent in Senior Management positions in diverse sectors in IT, Mobile, Gaming, Digital Media, Hospitality & Real Estate, Consumer marketing, Oil & Gas and the Commodities space.

About Mercatus Capital Pte Ltd: (www.mercatus-capital.com)

Headquartered in Singapore, Mercatus Capital is Asia’s premier Angel Investor, Incubator and Business accelerator. It aims to provide early stage support to promising entrepreneurs with ideas and technology that are disruptive and paradigm shifting.  With support from SPRING Singapore, Mercatus undertakes an active incubation programme to groom the top management to prepare the companies to become major players in the global market place.  The portfolio has grown to over 40 promising companies at various stages of incubation covering a diverse set of industries including Healthcare, ICT, Social Media and Material Sciences.

****

Featured Image Credits : Monogocoro.jp


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Successful fund raising to commercialize micro-needle drug delivery system, Micropoint

Painless injectionMicropoint Technologies declared its success in fund raising to commercialize its innovative micro-needle drug delivery system. This technology is jointly funded by Mercatus Capital in partnership with Angel Investor, GITP Investments.

”This investment has come at an opportune time for Micropoint Technologies. After years of R&D, we now have a suite of tested products that are ready to be commercialized. The financial support coupled with the incubation services is just what Micropoint needs to become a major player in this 52 Billion US dollar industry. We have been tracking some major deals which we will announce in due course” commented Lim Chee Yen, Founder and CEO of Angel Investment.

As the lead investor, we are very excited with the potential of Micropoint’s Micro-needle technology, and are pleased to be working with Mercatus Capital in this co-investment. We have complementary strengths which we will leverage on, to accelerate Micropoint’s ‘Go To Market’ Strategy” said General Manager of Strategic Investments Patrick De Silva and Chief Angel at GITP Investments , Chou Fang Soong.

Painful injection is now a thing of the past. With Micropoint Technology, it delivers painless injections as well as applicable for various biomedical applications such as transdermal drug delivery, body fluid extraction and in-vitro diagnostics. It uses micro-needles which come in sizes for easy penetration into the outermost layer of the skin. The best part is, this technology is cost-efficient, eco-friendly and recyclable as well.

About Micro-Point Technologies

Providing innovative solutions to medical industries, this company was established in 2008 to commercialize micro-needle technology. Efficient for drug delivery and diagnostics applications, this technology was invented by the Founder.

About GITP Pte Ltd

GITP (Global Innovations & Technology Platform) is a Singapore based Corporate Angel Investor that invests in various Startup and Seed companies in Asia and expanding to other parts. Part of Rutledge Vine Capital, GITP focuses on global investments.

About Mercatus Capital Pte Ltd

Mercatus Capital is Asia’s leasing Angel Investor, Incubator and Business accelerator. Headquartered in Singapore, it helps to provide support to budding entrepreneurs.

Read the full press release below.

 

****

7th August ’12, Singapore:  Micropoint Technologies announced today its successful fund raising, to underpin the product development and commercialization of its revolutionary micro-needle drug delivery system. In a ratification of Singapore Inc. working at its best, SPRING funded Incubator Mercatus Capital collaborated with Angel Investor, GITP Investments, to jointly fund Micropoint’s technology. The micro-needle technology was initially developed in the laboratories at A*STAR.

Micropoint Technologies is a pioneer in the field of painless injections for drug delivery, and piercing of skin for blood samples. Its micro-needle technology can be applied to a whole host of biomedical applications including transdermal drug delivery, body fluid extraction and in-vitro diagnostics.

Commenting on the Angel investment and Incubation, Lim Chee Yen, Founder and CEO said, ”This investment has come at an opportune time for Micropoint Technologies. After years of R&D, we now have a suite of tested products that are ready to be commercialized. The financial support coupled with the incubation services is just what Micropoint needs to become a major player in this 52 Billion US dollar industry. We have been tracking some major deals which we will announce in due course”

Micropoint’s core technology includes manufacturing of plastic micro-needles through an injection moulding process. These micro-needles (solid or hollow) are made small in size, for easy penetration into the stratum corneum, the outermost layer of the skin, for purposes of blood sampling, one-step diagnosis as well as drug delivery.

Ravindran Govindan, Chairman Mercatus Capital said, “It used to be so painful for me to see my children cry after receiving injections. Micropoint’s painless injections will make those painful visits to the doctor a thing of the past! We are proud to play a part in commercializing this valuable IP, developed at A*STAR.”

Micropoint’s micro-needles are known to be cost-efficient, eco friendly and recyclable. The manufacturing process has been designed for easy scalability.

General Manager of Strategic Investments Patrick De Silva, Chief Angel at GITP Investments , Chou Fang Soong, commented, ”As the lead investor, we are very excited with the potential of Micropoint’s Micro-needle technology, and are pleased to be working with Mercatus Capital in this co-investment. We have complementary strengths which we will leverage on, to accelerate Micropoint’s ‘Go To Market’ Strategy.”

About Micro-Point Technologies: (www.micropoint-tech.com)

Micropoint Technologies Pte. Ltd is a hi-tech product development company providing innovative solutions to the medical industry, particularly for drug delivery and diagnostics applications. It was established in 2008 to commercialize the micro-needle technology that that was invented by the Founder while working in the Institute of Materials Research and Engineering (IMRE), one of the research institutes under the Agency of Science, Technology And Research, Singapore (A*STAR).

About GITP Pte Ltd:  (www.gitpx.com)

GITP (Global Innovations & Technology Platform) is a Singapore based Corporate Angel Investor which invests in Startup & Seed companies in China, India, Singapore, Indonesia, Vietnam and other countries in Asia and beyond. GITP is part of Rutledge Vine Capital which focuses on global investments. GITP is driven by a high calibre team with a combined experience of over 80 years spent in Senior Management positions in diverse sectors in IT, Mobile, Gaming, Digital Media, Hospitality & Real Estate, Consumer marketing, Oil & Gas and the Commodities space.

About Mercatus Capital Pte Ltd: (www.mercatus-capital.com)

Headquartered in Singapore, Mercatus Capital is Asia’s premier Angel Investor, Incubator and Business accelerator. It aims to provide early stage support to promising entrepreneurs with ideas and technology that are disruptive and paradigm shifting.  With support from SPRING Singapore, Mercatus undertakes an active incubation programme to groom the top management to prepare the companies to become major players in the global market place.  The portfolio has grown to over 40 promising companies at various stages of incubation covering a diverse set of industries including Healthcare, ICT, Social Media and Material Sciences.

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Featured Image Credits : Monogocoro.jp


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Chinese Pinterest Clone Mogujie Raising C Round at Estimated $200 Million Valuation

mogujie

Mogujie, China’s Pinterest + ecommerce referral startup, is reportedly raising series C funding at a projected $200 million valuation. According to TechWeb, the investor who is leading the round is most likely IDG.

This past April, we reported that Mogujie is driving crazy traffic to Taobao, China’s top C2C shopping site. At that time we noted Mogujie had more than 2.2 million daily visitors each month who browse more than 750,000 items on Taobao. Out of that figure, 60,000 items were purchased each day. These numbers were pretty insane, as it was acting as an impressive sales referral machine, earning about $15,900 on ad referral clicks to Taobao at that time.

Now with about four months passed from those self-reported figures, I believe the number should be far greater. Mogujie’s founder and CEO, Chen Ji, posted on Zhihu where he explained more about his model for success:

The main content is the product, and it’s inevitably fragmented, and the debris is isomorphic. Like Twitter, where the whole thing is composed of 140 characters, or Sina Weibo where it’s 140 characters plus a photo, or Pinterest’s fragments of ‘beautiful artifacts’ photos plus a short description plus a URL. And on Mogujie it’s a case of ‘items for a beautiful woman’ plus a photo and a description plus an e-commerce destination.

Source: Techweb

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