• BURN MEDIA
    • Memeburn
      Tech-savvy insight and analysis
    • Gearburn
      Incisive reviews for the gadget obsessed
    • Motorburn
      Because cars are gadgets
    • Jobsburn
      Digital industry jobs for the anti 9 to 5!

All posts tagged "China"

  • China’s ban of ICOs unlikely to effect long-term bitcoin sales says Luno founder

    China's ban earlier this month of initial coin offerings (ICOs) is unlikely to affect bitcoin sales in the long term -- while the volatility may in fact benefit bitcoin platforms, says the founder of Luno bitcoin platform Marcus Swanepoel. Speaking to Ventureburn yesterday following his startup's announcement of a R120-million funding round, Swanepoel pointed out that ICOs and cryptocurrency itself are two different things and that the ban is likely not effect Bitcoin sales. Read more: SA bitcoin platform Luno closes R120m round led by Balderton Capital "I don't think there will be any fallout from it," said the founder of the four-year old South...

  • Crackdown on ICOs only a temporary setback believes Bitcoin Foundation head

    China’s announcement today that it has banned all initial coin offerings (ICOs) might be “unexpected”, says Bitcoin Foundation executive director Llew Claasen but is only a temporary setback for startups looking to raise capital through ICOs he adds. He said the decision by Chinese authorities to ban ICOs rather than to regulate them as the US is moving to do, is simply another way to "deal with it” and that going forward regulators are likely to gain a clearer understanding on what can and cannot be done. He added however that it would be “very unfortunate” for startups in need of early-stage venture capital (VC) finance...

  • Future prospects in Africa: a look ahead for investors

    China has long been the dominant -- and certainly the most visible -- investor in Africa’s growing industries. But 2015 saw increased investments from other nations looking to get in on the continent’s rich opportunities. That trend will only increase in 2016. India especially signaled a strong interest in Africa last year, holding a summit and extensive meetings with African leaders and trade officials. Africa’s stabilising political situations and expanding economies make it one of the most attractive long-term investment regions in the world. Here’s what investors need to consider as they plan their 2016 strategies: 1. Diversification Expect to see a shift...

  • 3 ways China’s slowdown yields opportunities for Africa

    Any economic news out of China makes waves in markets around the world, particularly when it’s bad. Last year’s slowdown prompted furrowed brows across the globe. Reports in December 2015 that the People’s Bank of China was using an aggressive expansionary policy to buffer lethargic growth indicated that China’s problems would persist well into the new year. Because China is a leading investor in African markets, many analysts speculated that the shift would negatively impact the continent. The International Monetary Fund even downgraded sub-Saharan Africa’s growth forecast on the basis of China’s circumstances. But Africa won’t suffer over China’s economic situation....

  • 5 startups to watch in China in 2016

    It sometimes feels like China’s tech scene is dominated by giant companies. Tencent, Baidu, Xiaomi and the like are behemoth, multi-billion dollar enterprises. It’s easy to forget that five years ago Xiaomi was secretly prepping to launch its first phone. In that spirit, we examined five companies that caught our eye in 2015 – and which might turn some heads in 2016. Dianrong: because China’s small-business lending sector was a complete mess Peer-to-peer lending services exploded in China in 2015 – and no company embodied this trend better than Dianrong. Launched in 2012, the Shanghai-based company focuses on personal and small...

  • SA’s website builder startup VIGO expands to Asia with Webnic partnership

    South African startup VIGO, which is behind an easy-to-use website-building tool, is expanding its services to Asia. This comes after the tech company partnered with the popular domain registrar, Webnic, which will enable VIGO to roll out its software to clients in Southeast Asia, China, Hong Kong and Taiwan. Webnic is considered among the world's top 50 registrars and operates in 60 countries. The Asian company's partnership with VIGO would mean customers are not only encouraged to register domains, but build their own customised websites and ecommerce platforms. Since launching in 2013, VIGO has attracted over 3 000 users to its...

  • 20 startups from Asia that failed in 2015 and lessons learned

    2015 was a hot year for some startups in Asia. Venture capital flowed into China, India and South Korea in previously unheard of amounts. Southeast Asia saw a record exit with iProperty Group’s US$534million acquisition. Yet raising gargantuan rounds of financing is no guarantee for future success, and it’s in the risky nature of entrepreneurship that some companies emerge as winners while others bite the dust. Here are 20 startups from Asia that were forced to shut down this year. We clustered them by country and in no particular order. These 20 are by no means the only ones to cease operations...

  • 3 ways China’s position in Africa is good news for other foreign investors

    Nothing good can come from Chinese investments in Africa -- at least that’s what naysayers would have you believe. Critics suggest that China’s African projects lay the groundwork for neocolonialism and leave poor communities vulnerable to exploitation. But as a recent Quartz article put it, when it comes to Africa, “Chinese investment is everywhere.” And with polls showing more than 50% favourability of China in a number of African countries, many people on the continent don’t think that’s a bad thing. Critical observers should revise their stances as well. China has enabled a number of much-needed, high-profile advancements in several...

  • She Leads Africa announces 5 female entrepreneurs for China Innovation Visit

    Social enterprise for women She Leads Africa, a Huawei sponsored event, has selected five female tech entrepreneurs from Africa for its programme this year. These lucky individuals will head to Shenzhen and Shangai in China to learn more about business and innovation in the far East. She Leads Africa is said to be the first programme dedicated to providing female tech entrepreneurs the opportunity to visit China and connect with industry leaders. Besides visiting the country, the women will meet with other tech entrepreneurs to learn how to expand their businesses into global markets. Yasmin Belo-Osagie, the co-founder of She Leads Africa,...

  • How will BRICS really benefit SMEs?

    Will small businesses in Brazil, Russia, India, China and South Africa benefit from these countries being part of the BRICS? With the 7th BRICS summit last week in Ufa in Russia, the question is -- is there really anything in it for SMEs? The biggest potential benefit for small businesses would be access to a wider export market. But the BRICS are far off from achieving a free trade agreement. What free trade? This was confirmed this week by Russia's first deputy economic development minister Alexei Likhachev, who was quoted this week as saying that the bloc is not psychologically ready" to...