Emerging Markets
South Korea’s Metaverse and the Digital Future for Emerging Market Economies
South Korea has recently been experiencing economic instability. The country is struggling to return to pre-pandemic levels, due to slowing global trade and suppressed employment within service sectors. The ongoing Russia-Ukraine conflict has significantly impacted Korean businesses through sanctions leading to payment delays and withdrawal from trading with Russia. The Bank of Korea has also…
Read MoreThe Growth of Microfinance firms throughout Southeast Asia
Founded in 2015, Singaporean-based Funding Societies completed their Series C+ funding round on the 15th February 2022, raising over 144 million USD. This was led by the Softbank Vision Fund 2 and included existing investors such as Sequoia Capital as well as new investors such as VNG Corporation, EDBI and K3 Ventures. The firm also…
Read MoreThe Rise of Another Unicorn
After having been founded in 2014, the Singapore-based interior design start-up, Livspace, has become a unicorn start-up following a recent funding round which saw the company raise 180 million USD at a valuation of 1.2 billion USD. The latest funding round, which was completed on the 7th February 2022, included investors such as Kohlberg Kravis…
Read MoreBYJU and the Future of Education and Technology in Asia
The inevitable impact of school closures on the ed-tech industry in Asia has been evident through the rapid growth of companies since the beginning of the pandemic. This is supported by the dramatic increase in shares for GSX, a Chinese online education provider, which jumped 92% from the start of 2020 to March and reported…
Read MoreA Tale of Two Central Banks
Following the 26th of January, the Federal Reserve announced that it was going to keep its interest rates steady, however, onlookers expect several central bank rate hikes for 2022. Contrastingly, the People’s Bank of China (PBOC) recently cut policy interest rates for the first time since April 2020. A tightening labour market and inflationary pressures…
Read MoreEVERGRANDE and China’s Property Market Crisis
China’s property market has undoubtedly been a key driver of its economy ever since the country began opening its markets in the 1980s, and still proves to be a major contributor to the economy; estimated to make up 17-29% of GDP. The country has been reported to have been constructing more than 10 million residential…
Read MoreThe Recent Growth of Start-ups throughout India
Swiggy, which was founded in 2014, is an Indian-based start-up offering a delivery service called Instamart. The firm was the second-fastest Indian company to become a unicorn start-up, reaching a valuation of over 1 billion USD in just under four years in June 2018. This year, in January 2022, they reached a valuation of 10.7…
Read MoreThe Rapid Rise of Getir
Getir is a Turkish-based delivery app founded in 2015. Recently it has grown rapidly, with the firm’s workforce now consisting of over 30,000 employees worldwide. The service has already launched within the U.S.A. in Boston, Chicago and New York as well as throughout Europe in the U.K., Germany, Italy, France, Spain, Portugal, and the Netherlands.…
Read MoreOMICRON – The Past, Present, and Future for India’s Pandemic Ridden Economy
The recently identified Omicron COVID-19 variant has already threatened to intensify supply shortages and inflation, with the OECD’s inflation predictions for 2022 having been amended and revised upwards, making its impending toll on the global economy indisputable. Amongst such impacts, a particular development that will be interesting is the variant’s ramifications for India’s economy. During…
Read MoreSoftbank’s Investment into Latin America
Softbank is a Japanese based company that invests in a variety of different sectors including energy, financial services, and technology. Recently, they have been investing in and acquiring many different companies around the world, many of which are developing new technologies, having invested a total of around US$84 billion into start-ups throughout the past four…
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