these days’s right tech information, July 9: Xiaomi even on first day of listing, 11 highway Thailand nabs investor

Xiaomi Co-Founder and CEO Lei Jun

Xiaomi ends day even in first day as public enterprise — [Wall Street Journal]

After a tumultuous start to its IPO day, the stock cost for the chinese smartphone maker Xiaomi is probably going to end its day at about even of the HKD16.70 (US$2.13) starting element. in line with Wall road Journal facts, the stock price at 4pm changed into HKD16.80 (US$2.14).

here's a pleasant healing after the proportion expenses dropped to a low of HKD16.00 (US$2.04) in the morning hours. That represented a extra-than four per cent drop earlier than the rally.

The stock cost peaked at HKD17 (US$2.17) per share at round noon.

eleven road Thailand raises financing from Thai investment company CEO — [Bangkok Post]

11 street Thailand, the Thai branch of Malaysia's a hit e-commerce platform eleven street, has raised an undisclosed quantity of funding from Thoresen Thai agencies CEO Chalermchai Mahagitsiri, in line with in keeping with the Bangkok post.

The investment comes as 11 road is engaged in a particularly-competitive local e-commerce trade and has been in quest of native partnerships for a couple of year, the article states.

The eleven highway company is owned by SK Telecom, the mobile communications arm below SK group, certainly one of South Korea's biggest chaebols.

to this point, 11 street Thailand is not a profitable enterprise.

Indonesia financial capabilities authority set to regulate equity crowdfunding — [Konton.co.id]

The monetary services authority of Indonesia (referred to as OJK), it's working on new guidelines for the fairness crowdfunding industry, stories Konton.co.identity. 

The okayspokesperson expressed enthusiasm concerning the equity crowdfunding mannequin and recommended it would improvement SMEs which is the b ackbone of the Indonesian economic climate.

The authorities do not predict it to compete with IPOs. In other Southeast Asian markets with an fairness crowdfunding history, the kinds of companies that comply with the strategy for funding are hardly ever in an either/or place concerning IPOs.

Ethis Ventures launches charity platform in Malaysia — [e27]

Selangor-based Islamic fintech undertaking builder Ethis Ventures on Saturday launched the first edition of Islamic charity crowdfunding platform GlobalSadaqah.

Launched in partnership with charities reminiscent of Mercy Malaysia, Islamic aid Malaysia and the country wide coronary heart Institute (IJN) basis, GlobalSadaqah is a crowdfunding platform that goals to connect Muslim donors with social tasks i n Southeast Asia, middle East, and even Sub-Saharan Africa.

It also named Islamic development financial institution group (IsDB) and bank Islam Malaysia Berhad as partners.

Singapore govt might file police document if oBike doesn't repay deposits — [Mothership]

The Singapore government is on account that filing an professional police file towards oBike if it does not refund the lost deposits that have been left at the back of in the wake of its exit from the metropolis, according to Mothership.

Quoting Senior Minister of State for Transport Janil Puthucheary, the article states that filing a document would facilitate a correct accounting for the money. Puthecheary didn't elaborate about specifics.

The amount of cash that is lost is not insignificant, with oBike Founder Shi Yi in the past estimating that it totals S$6.three million (US$4.6 million).

today, e27 published an op-ed from our Editor about his views on the matter.

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