Nightly April 09

  1. Red Dot Ventures: Red Dot Ventures is a seed-stage venture capital firm in Singapore. They are now looking for investment managers. Send your resume to Daryl at for more details. If you mentioned that you got to know about the opportunity from Nightly, it will help me a lot. Thank you.
  2. Amazon: The company now streams more video than Hulu and Apple. It is now the 3rd largest video stream service in the US. But how far is it away from Netflix? Netflix has 31.6% of the market while Amazon is No 3 with 6%.
  3. GrabTaxi: GrabTaxi, a taxi booking app with strong presence in Southeast Asia just gotten an investment of US$10 million from Singapore’s Vertex Venture Holdings, and a group of angel investors from Malaysia.
  4. Heartbleed: It is a bug in the OpenSSL project and it has been getting lots of media attention. According to the article “Heartbleed could let attackers gain access to users’ passwords and fool people into using bogus versions of Web sites.” A patch has been released.
  5. Intel: Intel cuts assembly and test operation in Costa Rica and eliminating 1,500 jobs. The spokeman says the operations will be move to existing sites in China, Malaysia and Vietnam.
  6. LG: LG G Watch, powered by Google’s new Android Wear operating system, will be available before July and for less than £180 in the UK.
  7. Samsung: Samsung spent the most among the U.S. smartphone makers. In 2013, they spent $12M more than Apple. Apple comes in at 2nd place for spending $351M and the 3rd place goes to Nokia for $221M.
  8. Twitter: New Twitter profile is coming. Think Facebook with a touch of GooglePlus.
  9. Yelp: After Singapore, Yelp is moving into Japan.
  10. Xiaomi: Yesterday, Xiaomi offered pre-designated quantities of its Mi3, Redmi and Redmi Note devices for customers in Hong Kong, Taiwan, Singapore, and mainland China. They sold it in flash sales format. The sale started at 10am and stocks are renewed every two hour intervals. They made $242M in 12 hours.

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