Category: asia pacific

May 10, 2019 Off

Tinder is preparing to launch a lightweight version of its dating app called ‘Tinder Lite’

By Jill T Frey

Tinder is preparing to launch a version of its popular dating app aimed at users in emerging markets. The app, which will be called “Tinder Lite,” offers a smaller, more lightweight version of the current flagship app, the company says. Smaller app size is a defining characteristic of most of today’s “Lite” apps, which are specifically focused on addressing the unique needs of users in areas where data usage, bandwidth and storage space is a concern.

Most major tech companies now offer “Lite” apps for the large and rapidly growing online user base coming from these emerging markets — and specifically India, as of late.

For example, Google has a full suite of lightweight “Go”-branded apps, like Google Go, Gmail Go, Files Go, YouTube Go, Google Maps Go and Google Assistant Go. There’s also Facebook Lite, Instagram Lite, Messenger Lite, Twitter Lite, Uber Lite, … Read the rest

April 29, 2019 Off

Starbucks CEO says Chinese rival Luckin’s ‘heavy discount’ strategy isn’t sustainable

By Jill T Frey

A war of words in the coffee world is brewing after the CEO of Starbucks claimed Chinese upstart Luckin can’t last just days after it filed for a U.S IPO.

Kevin Johnson, who leads the American coffee giant, told CNBC that competitors in China including Luckin have adopted a strategy of building market share using “heavy, heavy discounts” that he believes is not sustainable.

“We’re deploying capital and building 600 new stores per year,” he said. We’re “generating the return on invested capital that we believe is sustainable to continue to build new stores at this rate for many years to come.”

Starbucks claims 30,000 stores worldwide. It has been in China for 20 years and it is aiming to reach 6,000 stores in the country by 2022. Luckin, fuelled by over $550 million in VC money, has quickly scaled to reach 2,370 locations in under two years … Read the rest

April 26, 2019 Off

AWS wants a bigger share of Asia following Hong Kong launch

By Jill T Frey

Amazon’s cloud computing unit is making further inroads into Asia after it opened a data center in Hong Kong this week, adding to the seven existing locations where it currently operates across Asia Pacific and China.

The new entry will likely give the American giant a leg up in its regional battle with Alibaba’s cloud service, which, according to a new Gartner report, was the biggest cloud infrastructure provider in Asia Pacific last year. But that won’t be the case with all countries, notably China, where the cards are often stacked against foreign players.

Amazon Web Services has been operating in China for quite some time, albeit through rough and roundabout routes. A set of cyber laws enacted by Beijing in mid-2017 required foreign companies to store data locally and outsource their hardware parts to Chinese partners. In response, AWS teamed up with two separate local providers based out … Read the rest