Multiply.com to shut down its business on May 31
Apr30

Multiply.com to shut down its business on May 31

April 30, 2013: Multiply, via its announcement on the website, announced that its business operation will be ceased after May 2013, for both marketplaces in Philippines and Indonesia. Multiply.com is a vibrant Social Shopping destination and one of the largest online marketplaces in Southeast Asia. Last December, Multiply stopped providing the features of social networking and blogging and decided to shift its business to focus in...

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Cash and coin funding service provider Coinstar to rebrand as Outerwall
Apr30

Cash and coin funding service provider Coinstar to rebrand as Outerwall

April 30, 2013: Coinstar Inc, a provider of automated retail solutions, last week announced that the company plans to seek stockholder approval to change its name to Outerwall Inc. at the company’s coming Annual Meeting of Stockholders in June. The name of Outerwall reflects the evolution of the company and pushing the walls of retail out into a new dimension through current and future automated retail...

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MasterCard brings Justin Timberlake to its Priceless Program
Apr30

MasterCard brings Justin Timberlake to its Priceless Program

April 30, 2013: Grammy and Emmy Award-winner Justin Timberlake has formed up 2-year strategic partnership with MasterCard, allowing MasterCard to offer its cardholders a priceless experience with Justin – exclusive access to co-created content, events and experiences as well as consumer engagement opportunities such as the MasterCard Priceless Premieres presents Justin Timberlake performance which available only to MasterCard...

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Yahoo! introduces new advertising format with engaging experience
Apr30

Yahoo! introduces new advertising format with engaging experience

April 30, 2013: Yahoo! today announced Yahoo! Stream Ads, a new advertising format that engaging stream experience among the users. The more our users spend time with Yahoo!, the more relevant and personalized the content and advertising to be delivered to them. Stream Ads are the sponsored twin to Yahoo! newsfeed articles and are every bit as personalized and engaging. Besides, Yahoo! also introducing a new Yahoo.com Billboard...

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Zalora loses RM0.27b in 2012 but expects revenue of RM3.9b by 2016
Apr30

Zalora loses RM0.27b in 2012 but expects revenue of RM3.9b by 2016

April 30, 2013: Zalora, one of the famous online fashion stores in Asia owned by Rocket Internet had a net loss of RM276 million (US$91 million) last year, reports Inside Retail Asia. However, Rocket Internet expected revenue of RM3.94 billion (US$1.3 billion) by 2016.

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Cyber-attack hits LivingSocial and affects million customers including from Malaysia
Apr30

Cyber-attack hits LivingSocial and affects million customers including from Malaysia

April 30, 2013: According to Malaysia Chronicle report, LivingSocial, one of largest daily deal sites was hit by a cyber-attack last Friday and resulted in unauthorized access to more than 50 million customers’ data, including names, email addresses, date of birth and “encrypted” passwords. The source said customers in the US, Canada, the UK, Ireland, Australia, New Zealand, Malaysia, Southern Europe and Latin America were...

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Maybank launches Maybankard Manchester United Visa Infinite for premium MU supporters
Apr30

Maybank launches Maybankard Manchester United Visa Infinite for premium MU supporters

Malayan Banking Berhad (Maybank) yesterday at Menara Maybank launched its co-brand Manchested United (MU) card – Maybankard Manchester United Visa Infinite, the first ever co-brand MU card in the world targeted at a niche high net worth segment and aims to cement the bank’s leadership in the cards business. The launched was attended by former MU legendary goalkeeper Peter Schemeichel. With the launch of the new card, Maybank now...

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MasterCard Smart Data Mobile App helps corporate card holders manage receipts
Apr30

MasterCard Smart Data Mobile App helps corporate card holders manage receipts

MasterCard understood that corporate card users are struggle to track and manage all of the receipts that accompany their expenses. Thus, MasterCard has introduced its Smart Data Mobile App for iOS, Android and Blackberry which allows corporate cardholders to receipt images directly to the smartdata.gen2 expense reporting system—just by taking a picture of it with their smartphone. The Smart Data is a cloud-based app so the users can...

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Most of the consumers are willing to adopt virtual banking services
Apr29

Most of the consumers are willing to adopt virtual banking services

In a recent survey conducted by Cisco on 1,514 people from ten countries worldwide, the internet business solutions group found majority of customers (71%) are willing to use digital channels for banking services, reports Banking & Payments Asia. The study also found that 60 per cent of the respondents are happy to open an account online, 57 per cent are comfortable with getting a loan over virtual communications, 46 per cent are...

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Infographic: State of the Internet for Asia Pacific Region in Q4 2012
Apr29

Infographic: State of the Internet for Asia Pacific Region in Q4 2012

Akamai, which helps enterprises accelerate innovation in the hyperconnected world by removing the complexities of technology, will publish its “State of the Internet” report in every quarter, based on data gathered across Akamai’s global server network. “State of the Internet” highlights attack traffic, connection speeds, Internet penetration, broadband adoption and mobile usage as well as trends seen in this data over time. In...

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