Company
Rocket Internet is a Berlin headquartered company that is well-known for cloning successful online startups (usually from the US), replicating them elsewhere, and turning them into million-dollar businesses. It was founded in 2007 by the Samwer brothers — Alexander, Marc, and Oliver, who have together created and sold a number of successful Internet businesses before starting Rocket Internet. Most of their businesses are e-commerce related.
The company tends to hire MBA-trained executives and management consultants to become ‘founder’ and ‘managing director’ of its businesses. However, unlike startup founders, they do not hold as much equity or have as much decision-making power to shape the direction of their companies. They are primarily executors who could be fired for underperforming.
Rocket Internet has polarized observers in the startup and technology community for its practices. Critics pour scorn on the company for blatant copying, mischaracterizing its ventures as startups, an over-aggressive and results-oriented corporate culture, and rapid turnover rates. At the same time, it is widely admired for its rapid execution ability. Read more
Filed under ProfilesTags: Asia, Asia Pacific, Australia, China, E-Commerce, Hong Kong, india, Indonesia, Japan, Malaysia, Myanmar, new zealand, pakistan, Philippines, Rocket Internet, RocketInternet, Samwer Brothers, Singapore, South Korea, taiwan, Thailand, Vietnam, Web
Four startups from Southeast Asia have made the finals of the GIST Business Plan Competition, a global initiative with the aim of stregthening relations between the United States and the Muslim world.
Funded by the US Department of State, the competition climaxes on 28th to 29th June where ten finalists will compete in Dubai for four awards totaling US$100,000. Read more
Filed under Innovation & Technology, News, TechnologyTags: bangladesh, cloudstat, crdf global, dwarapala, e-aid, GIST Business Plan Competition, greennovation technologies, greenspark, iDare, Indonesia, Malaysia, mmatcher, myderm, pak-energy solution, pakistan, SecQMe, Southeast Asia, women digital league
A version of this article was first published on Grey Review.
Facebook has over 850 million users worldwide. Out of that, a total of 194 million users are from Asia at the end of March 2012. Most of these users from the Southeast Asia region – 97 million or 54% of the total Facebook users in Asia. Some other observations on the latest Facebook in Asia statistics: Read more
Filed under News, WebTags: Asia, bangladesh, bhutan, brunei, Cambodia, Facebook, Hong Kong, india, Indonesia, Japan, laos, macau, Malaysia, maldives, mongolia, nepal, pakistan, Philippines, Singapore, Social Media, South Korea, sri lanka, taiwan, Thailand, Vietnam
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