Startup investment in Australia hit new highs over the first six months of 2020, reaching US$944.7 million, up from US$627.3 million in H1 2019, according to KPMG’s Venture Pulse report. Despite the effects of the global pandemic, a record amount of venture capital was invested into Australian startups, with 92 deals recorded so far this
Demystifying Chinese Investment in Australia: June 2020 Despite record bi-lateral trade between China and Australia, which was up 21 percent to AUD 235 billion in the 2018-2019 financial year, Chinese investment in Australia fell 58.4 percent from AUD 8.2 billion in 2018 to AUD 3.4 billion in 2019. The number of deals was down 43
China’s third richest man is a relative new kid on the block — and one of the country’s youngest billionaire entrepreneurs. Colin Zheng Huang, age 40, founded online discount platform Pinduoduo in 2015 and took the e-commerce firm public on the Nasdaq in 2018. Following a 14.5% surge in share price on Friday that boosted Huang’s
As remote working increases, many businesses have adopted non-traditional solutions to manage this transition. Those that were quick to pivot and adopt digital solutions saw the least disruption during the nationwide shutdown. However, with restrictions easing across Australia and New Zealand, businesses are learning to adapt to the ‘new normal’. This will likely see a
Shopper Media today released the findings of its Consumer Sentiment Study, revealing the impact of COVID-19 on current and future shopping patterns and the behavioural and attitudinal shifts driving the changes. The Consumer Sentiment Study was an online survey of 11,390 Australian consumers nationally, with field work conducted in three parts across 24-27 April. The
Treasurer Josh Frydenberg’s statement on the economic impact of the COVID crisis: Household consumption and business and dwelling investment are all forecast by Treasury to fall sharply in the June quarter. The combination of social distancing, lower incomes and increased uncertainty are weighing heavily on aggregate demand and flowing through to reduced cash flow. Household consumption
Image: Reuters China, South Korea and Taiwan are just some of the places using Big Data, AI and other emerging technologies to manage the effects and mitigate the risks of COVID-19; Jamaica and several countries in continental Africa offer good examples of leadership approaches that have helped at this time of crisis; In those nations
Syrah Resources (ASX:SYR) has been knocked around in 2019 as its shares plummeted from approximately $2.00 in January to recently trade as low as 35 cents. Its performance, or lack thereof, is in part due to the pressure placed on the graphite sector. However, after falling by an average of -0.9% (CAGR) each year since
Asia is home to some of the fastest growing markets in the world, rising middle classes and young, mobile and increasingly tech-savvy populations. By 2030, Asia’s lower-middle income countries (including India, Indonesia and Vietnam) will have middle-class markets that are US$15 trillion bigger than they are today – that’s 11 times the size of Australia’s
REGULATORY COMPLIANCE AND INSTITUTIONAL-GRADE SECURITY ARE BEING BUILT INTO DIGITAL ASSET SOLUTIONS DEVELOPED JOINTLY OUT OF SINGAPORE AND SWITZERLAND. THE WORLD’S FIRST digital asset bank, Sygnum, a joint venture between Singapore and Switzerland, is up-and-running. Sygnum aims to be a bank to crypto-currencies in the manner that traditional banks service depositors of physical or “fiat”
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