Category Archives: General

Cambodia’s ‘Buzzfeed’ Attracts Silicon Valley Investment

PHNOM PENH, CAMBODIA � Khmerload, a Cambodian entertainment news website modeled after the American media giant Buzzfeed, has become the country's first local tech startup to attract the backing of Silicon Valley investors.

A $200,000 investment to be exact.

The money came from 500 Startups, a global venture capital seed fund and startup accelerator founded by PayPal and Google alumni, Dave McClure and Christine Tsai, who took notice of the website, launched five years ago.

The grant pushed the company's value to more than $1 million, according to In Vichet, Khmerload's founder and CEO.

Several sites, and growing

Vichet, also the CEO and founder of Cambodia's popular Little Fashion ecommerce site, said he convinced investors that Khmerload had growth potential, enough for a return on the investment.

We showed them that we are in the top three websites in Cambodia, said Vichet, who did his graduate work in economics at the University of Michigan. We also have traction in Myanmar, where we recently expanded. So they see that we have done a lot while already generating revenue. They saw our potential.

Khailee Ng, the Southeast Asia-based managing partner of 500 Startups, said Khmerload's probable growth extends far beyond Cambodia's borders.

Getting to the top media position behind Facebook and Google's properties with such a lean budget is something not many entrepreneurs across Southeast Asia have done, Ng said.

I've actually never seen anything quite like it. To be profitable, yet have increasing traffic growth rates? This investment decision is easy, he added.

The $1 million may not seem like much compared with the $1.7 billion value of Buzzfeed, until measured against Cambodia's per capita income of $1,070, according to the latest World Bank estimate.

More Cambodians on internet

The 500 Startups grant comes as more and more Cambodians are using the internet and Facebook, according to an Asia Foundation study that found most go online exclusively through their smartphones. This mimics trends for sites like Buzzfeed.

Khmerload has gained more than 17 million page views per month in Cambodia, allowing it to expand into Myanmar last year, opening a sister site, Myanmarload, which already generates about 20 million page views per month.

It has also carried out a successful pilot in Indonesia, said Vichet, and was incorporated in Singapore as Mediaload.

However, Khmerload's Buzzfeed-style approach of viral content and quick clicks has led to criticism.

Content diversifying

Vichet admits that the site originally relied heavily on tabloid and entertainment content or, as he put it, nonpolitical content, an important distinction in a nation where the constitution provides for a free press, but where the state closely monitors the media and � one way or another � controls its content.

But as the site has grown to reach millions, he says, it has diversified to include more informative content, including educational materials and technology news.

And 500 Startups is no doubt aware of Cambodians growing embrace of the online world. In 2000, an estimated 6,000 Cambodians used the internet. Today, the company estimates 5 million active users in Cambodia.

Tech startups are also on the rise. About 120 have sprung up in Cambodia, along with some 10 co-working spaces in Phnom Penh and Siem Reap, according to Thul Rithy, founder of Phnom Penh-based co-working spaces SmallWorld and Emerald Hub.

Mediaload's next moves include expansions into Vietnam and Laos, Vichet said. He's also keen to help other Cambodians obtain Silicon Valley investment.

Even with a good idea, it is really hard for Cambodians to get an investment from [Silicon Valley], as there is no precedent of success, Vichet said. I hope I can deliver good returns to them so that in the future they will invest in other Cambodian technology startups.

Source: Voice of America

‫เชิญชวนเข้าร่วมรายการประกวดสำหรับรางวัลธุรกิจระหว่างประเทศที่ 14

กำหนดเวลาสำหรับการเข้าลงทะเบียนก่อนกำหนดคือวันที่ 12 เมษายน

FAIRFAX, Va., March 23, 2017 (GLOBE NEWSWIRE) — The Stevie® Awards ได้ออกเชิญชวนให้เข้าร่วมชิง รางวัลธุรกิจระหว่างประเทศ ประจำปีครั้งที่ 14 ซึ่งเป็นการแข่งขันด้านรางวัลธุรกิจชั้นนำระดับโลก ซึ่งดึงดูดการเสนอชื่อจากองค์กรต่างๆ ในกว่า 60 ประเทศและทุกภูมิภาคในแต่ละปี

ภาพที่มาพร้อมกับการประกาศครั้งนี้สามารถดูได้ที่ http://www.globenewswire.com/NewsRoom/AttachmentNg/8540ffb4-6337-429d-9f7c-3574f68f49c3

บุคคลและองค์กรทั่วโลกทั้งภาครัฐและเอกชน ทั้งที่แสวงหาผลกำไรและไม่แสวงผลกำไร ขนาดใหญ่และขนาดเล็ก สามารถเสนอชื่อเข้าชิงรางวัลธุรกิจระหว่างประเทศได้ กำหนดเวลาสำหรับการเข้าลงทะเบียนก่อนกำหนดโดยมีค่าธรรมเนียมการเข้าลดลงคือ 12 เมษายน กำหนดวันสุดท้ายคือวันที่ 10 พฤษภาคม ส่วนรายการที่มาช้าจะได้รับการยอมรับจนถึงวันที่ 14 มิถุนายนโดยต้องชำระค่าธรรมเนียมสำหรับการล่าช้า ดูรายละเอียดได้ที่ www.StevieAwards.com/IBA

คณะกรรมการผู้ตัดสินซึ่งประกอบด้วยกรรมการมากกว่า 150 คนจะเป็นผู้ตัดสินรางวัล Stevie Award ประกาศผลวันที่ 10 สิงหาคม ผู้ชนะรางวัล Stevie Award จะได้รับรางวัลในงานเลี้ยงอาหารค่ำ ณ โรงแรม W Hotel ในเมืองบาร์เซโลนา ประเทศสเปน เมื่อวันที่ 21 ตุลาคม

รางวัลธุรกิจระหว่างประเทศชื่นชมความสำเร็จในทุกแง่มุมของสถานที่ทำงาน หมวดหมู่ต่างๆ ประกอบด้วย

ผู้ที่ได้รับรางวัล Stevie Award ประจำปี 2016 IBAs ได้แก่ ABS-CBN Corporation (Philippines), BSES Yamuna Power Limited (India), Clickky (Ukraine), Dogus Group (Turkey), Dubai Statistics Center (United Arab Emirates), Forter (USA), Foundation Telefónica (Spain), Freelancer.com (Australia), Itaú Unibanco Holding S.A. (Brazil), KEPCO Nuclear Fuel Company (South Korea), Mondelez International (United Kingdom), Ooredoo (Qatar), PJSC Aeroflot – Russian Airlines (Russia), Polystar (Sweden), PRIZM (Hong Kong), QLess, Inc. (USA), RheinBrücke IT Consulting (Germany), Roshan (Afghanistan), SABC Pension Fund (South Africa), SUNNY SIDE UP, Inc. (Japan), Telkom Indonesia (Indonesia) และ TELUS International (Canada) และอื่นๆ

เกี่ยวกับ Stevie Awards

Stevie Awards ให้รางวัลใน 7 โครงการด้วยกันซึ่งได้แก่ รางวัล Stevie Awards เอเชียแปซิฟิกรางวัล Stevie Awards รางวัลธุรกิจอเมริกัน รางวัลธุรกิจระหว่างประเทศ รางวัล Stevie Awards สำหรับสตรีในด้านธุรกิจ รางวัล Stevie Awards สำหรับการขายและบริการลูกค้า และ รางวัล Stevie Awards สำหรับนายจ้างที่ดี การแข่งขันชิงรางวัล Stevie Awards ได้รับมากกว่า 10,000 รายการในแต่ละปีจากองค์กรในกว่า 60 ประเทศ รางวัล Stevies ยกย่องการแสดงออกที่โดดเด่นในที่ทำงานทั่วโลก เรียนรู้เพิ่มเติมได้ที่ http://www.StevieAwards.com

ติดต่อ:
Maggie Gallagher
+1 (703) 547-8389
[email protected]

Call for Entries Issued for Fourteenth International Business Awards

Early-Bird Entry Deadline Is 12 April

FAIRFAX, Va., March 22, 2017 (GLOBE NEWSWIRE) — The Stevie® Awards have issued the call for entries for The 14th Annual International Business Awards, the world’s premier business awards competition, which attracts nominations from organizations in more than 60 nations and territories each year.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/8540ffb4-6337-429d-9f7c-3574f68f49c3

All individuals and organizations worldwide — public and private, for-profit and non-profit, large and small — may submit nominations to The International Business Awards. The early-bird entry deadline, with reduced entry fees, is 12 April. The final entry deadline is 10 May, and late entries will be accepted through 14 June with payment of a late fee. Entry details are available at www.StevieAwards.com/IBA.

An international judging panel of more than 150 executives will determine the Stevie Award winners. Results will be announced 10 August. Stevie Award winners will be presented their awards at a gala banquet at the W Hotel in Barcelona, Spain on 21 October.

The International Business Awards recognize achievement in every facet of the workplace. Categories include:

Stevie Award winners in the 2016 IBAs included ABS-CBN Corporation (Philippines), BSES Yamuna Power Limited (India), Clickky (Ukraine), Dogus Group (Turkey), Dubai Statistics Center (United Arab Emirates), Forter (USA), Foundation Telefónica  (Spain), Freelancer.com (Australia), Itaú Unibanco Holding S.A. (Brazil), KEPCO Nuclear Fuel Company (South Korea), Mondelez International (United Kingdom), Ooredoo (Qatar), PJSC Aeroflot – Russian Airlines  (Russia), Polystar (Sweden), PRIZM (Hong Kong), QLess, Inc. (USA), RheinBrücke IT Consulting (Germany), Roshan (Afghanistan), SABC Pension Fund (South Africa), SUNNY SIDE UP, Inc. (Japan), Telkom Indonesia (Indonesia) and TELUS International (Canada), among many others.

About the Stevie Awards

Stevie Awards are conferred in seven programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, The American Business Awards, The International Business Awards, the Stevie Awards for Women in Business, the Stevie Awards for Sales & Customer Service and the Stevie Awards for Great Employers. Stevie Awards competitions receive more than 10,000 entries each year from organizations in more than 60 nations. The Stevies recognize outstanding performances in the workplace worldwide. Learn more at http://www.StevieAwards.com.

Contact:
Maggie Gallagher
+1 (703) 547-8389
[email protected]

Call for Entries Issued for Fourteenth International Business Awards

Early-Bird Entry Deadline Is 12 April

FAIRFAX, Va., March 22, 2017 (GLOBE NEWSWIRE) — The Stevie® Awards have issued the call for entries for The 14th Annual International Business Awards, the world’s premier business awards competition, which attracts nominations from organizations in more than 60 nations and territories each year.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/8540ffb4-6337-429d-9f7c-3574f68f49c3

All individuals and organizations worldwide — public and private, for-profit and non-profit, large and small — may submit nominations to The International Business Awards. The early-bird entry deadline, with reduced entry fees, is 12 April. The final entry deadline is 10 May, and late entries will be accepted through 14 June with payment of a late fee. Entry details are available at www.StevieAwards.com/IBA.

An international judging panel of more than 150 executives will determine the Stevie Award winners. Results will be announced 10 August. Stevie Award winners will be presented their awards at a gala banquet at the W Hotel in Barcelona, Spain on 21 October.

The International Business Awards recognize achievement in every facet of the workplace. Categories include:

Stevie Award winners in the 2016 IBAs included ABS-CBN Corporation (Philippines), BSES Yamuna Power Limited (India), Clickky (Ukraine), Dogus Group (Turkey), Dubai Statistics Center (United Arab Emirates), Forter (USA), Foundation Telefónica  (Spain), Freelancer.com (Australia), Itaú Unibanco Holding S.A. (Brazil), KEPCO Nuclear Fuel Company (South Korea), Mondelez International (United Kingdom), Ooredoo (Qatar), PJSC Aeroflot – Russian Airlines  (Russia), Polystar (Sweden), PRIZM (Hong Kong), QLess, Inc. (USA), RheinBrücke IT Consulting (Germany), Roshan (Afghanistan), SABC Pension Fund (South Africa), SUNNY SIDE UP, Inc. (Japan), Telkom Indonesia (Indonesia) and TELUS International (Canada), among many others.

About the Stevie Awards

Stevie Awards are conferred in seven programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, The American Business Awards, The International Business Awards, the Stevie Awards for Women in Business, the Stevie Awards for Sales & Customer Service and the Stevie Awards for Great Employers. Stevie Awards competitions receive more than 10,000 entries each year from organizations in more than 60 nations. The Stevies recognize outstanding performances in the workplace worldwide. Learn more at http://www.StevieAwards.com.

Contact:
Maggie Gallagher
+1 (703) 547-8389
[email protected]

Taxi-Hailing App ‘Grab’ Beats Uber to Myanmar

A Singapore-based ride-hailing service launched a trial in Myanmar's biggest city Tuesday, making it the first international company to operate there.

"Grab," a company that currently operates in six other countries in Southeast Asia, would rival a number of local ride-hailing services already operating in Yangon, but beats global giant Uber, which said in a separate statement the same day that it planned a launch in the city "very soon."

A small group of taxi drivers would conduct the trial run in Yangon and increase in scale gradually, Grab said in a statement.

The introduction of international ride-hailing apps comes as the government is making major changes to public transport options, especially commuter buses, and as the number of cars in the country increases.

There are currently more than 400,000 registered vehicles in Myanmar, the majority of them in Yangon, according to automotive consulting firm Solidiance.

Source: Voice of America