Showing posts with label Enterpreneurship. Show all posts
Showing posts with label Enterpreneurship. Show all posts

Tuesday, 22 April 2014

MaGIC appointed Cheryl Yeoh as first CEO 大马全球革新及创意中心 委杨美莺任新总执行长

MaGIC (Malaysian Global Innovation & Creativity Centre) has been appointed Cheryl Yeoh, 31,  as first CEO from more than 100 candidates that apply for the job.

Tan Sri Dr Mohd Irwan Abdullah, Secretary General of Treasury, Ministry of Finance Malaysia said Cheryl Yeoh    chosen because of her experience in Silicon Valley in US, and she have successfully make an exist when her startup acquired by Walmart Labs in 2013.

Actually, Malaysia need more entrepreneur that bring company from startup to IPO.  However, it is very difficult for startup outside Silicon Valley or US to build a sustainable business after IPO. Even company in Europe like Skype also opt for being acquired rather than make an IPO.

Cheryl Yeoh claim to raise funding from Dave McClure of 500Startups before her company being acquired by  Walmart Labs. However, this is because of ecosystem or it is skill that Cheryl Yeoh able to bring to Malaysia is yet to be seen.

Cheryl Yeoh also claim mentoring at Peter Thiel’s 20 under 20 Fellowship, 500startups, Founder Institute and Lean Startup Machine, etc.  It seem she able to break the racial and gender inequality first in US and now in Malaysia. A barrier not easy to break, both in US and in Malaysia.

Hope she able to bring change to startup ecosystem in Malaysia........Silicon Valley of South East Asia!

Related : Pulling a rabbit from the hat
Update : MaGIC sign MoUs with Stanford U. and UP Global

大马全球革新及创意中心 委杨美莺任新总执行长

赛城21日讯)在美国硅谷有杰出成就的大马年轻女企业家杨美莺(Cheryl Yeoh),受委为大马全球革新及创意中心(MaGIC)新任总执行长。





Saturday, 22 February 2014

Taiwan Top Fashion Online Brand – Mayuki, enter Malaysia market via 台湾東京著衣进入马来西亚,创办人驚傳離婚

Online shopper in Malaysia no longer required to try to order from Taiwan and have to meet their minimum order quantity for oversea shipping, yet have to worried about the parcel being withheld by Malaysia custom if they order too many under one delivery. Malaysian now able to order from Taiwan top fashion online brand, via Malaysia's under Malaysia currency. ( Both Malaysia and Taiwan are controlled currency)

Taiwan Top fashion Brand which have reputation for it variety of choice with reasonable price, has officially entered Malaysia market via few days ago, their id on lelong is Fashion91. is one of few operator from Taiwan that have successfully penetrate China's Many Taiwan Ecommerce operator fail on Taobao not because of lack of business but demand so hugh that they are out of stock within 24 hours. are one of the few Ecommerce operator from Taiwan that set up a base in China and have ready stock to fulfil hugh market in China.  Base on the fact that many Taiwan Ecommerce operator unable to fulfil demand in hugh China market. it is unexpected that have appetite in Malaysia market.

Meanwhile, Privately own also quietly entered Indonesian Market. Surprisingly, they do not leverage on brand consider Indonesian language not entirely different from Malaysia's language.. Their Indonesian site have a new brand call

Unlike Malaysia's, which popular with electronics appliance product. Indonesian's find apparel vertical has much more potential than electronics.

Seller on more on Malaysia market whereas seller on target on overseas market like UK,Australia and US. In short, yet to penetrate Malaysia market.

Coincidently, few days ago Taiwan media reported that it founder, Chairman and CEO has divorce with each other since October 2013.CEO Mayuki accused her Chairman husband domestic violent whereas her father in law deny it and accused her having an extramarital affair.


台灣網購女裝第一品牌東京著衣进入马来西亚 旗下有東京著衣、Mayuki、YOCO三大品牌

前几天, 台湾媒体驚傳创办人董事長鄭景太和執行長周品均,去年10月協議離婚,周品均日前淚訴遭家暴多年鄭父代子喊冤否認家暴,反控是媳婦外遇被徵信社拍到照片

Friday, 5 October 2012

More team get funding

I accidentally turn to NTV7 last night and discover that more team among Rock star get funding on Malaysia TV reality show "Make The pitch".

First, Chew Kai Feng of Cloudstat get RM500,000 funding for 35% equity on Malaysia TV reality show "Make The pitch".

It seem MyEg requested 35% of equity regardless of how much funding you request. While Chew seem to get the lowest funding among the participant. However, he get RM100,000 more than his request. And it seem he is the youngest and the only fresh graduate among participant.

Another team Fashion Valet, who have a chance to meet Youtube co-founder Jawed Karim last year get RM1million for 30% equity after some counter offer. both team above.

Melvin of FanXT initially accepted RM1million for 30% equity. However, Melvin change his mind after that and decline the offer.

It seem maximum MyEG offer is RM1million and minimum equity they want is 30%. Thus, do not participate next season if you aim more than RM1million or you willing to give up less than 29% equity only for less than RM1million.

Good luck Melvin

Wednesday, 21 March 2012

Why Alvin Woon not invest in Malaysia

Co-founder of Alvin Woon said has consider to invest in Malaysia to expand 3 years ago. However, due to lack of talent and incentive from government, he has give up Malaysia and invest in Taiwan eventually.

Great potential in internet Startup

He said, in fact, there is great potential for Start up in Malaysia. Standard of product launch here are on bar with product in US. Unfortnately, investment environment here not condusive to nurture such industry.

Whether government would give tax incentive and availability of talent, are important consideration on whether or not to set up a base here. As there is no such advantage at that point. We have to give up Malaysia.

Alvin Woon is responding to a question on whether would set up a branch here after a conference on Entrepreneurship at University Tunku Abdul Rahman.

He said frankly that , as a Malaysian, he would like to set up a base in Malaysia so that he able to "go home" very often. But he has to face reality eventualy : " I can't told other co-founder, I am a Malaysian, so we have to choose Malaysia (to set up company) " (Translator note: Alvin Woon split shares equally among 3 co-founder before Angel investor come in)

Alvin still observing government effort in attracting investment and talent

As to Malaysia current transformation in attracting foreign investment and talent. Alvin said he will observed.

In restrospect, 90% of internet startup are by Chinese. But they rarely get funding from government.

"In fact, we can't expect to attract overseas talent to come back just by slogan. Some has come back, but unable to find neccessary manpower talent to complete the task, mission required. You have to fill up a lot of form if need funding and been through a lot of challenge.......

"Some people do come back 10 years ago, Maybe they find it difficult to stay ( in Malaysia ), have to leave and never come back again. I don't want my first experience back to Malaysia to be like this. I never give up Malaysia from the beginning until now, hope able to lend a hand to Malaysia, especially in internet startup."

He know deeply government effort in attracting overseas talent. and understand someone must make the first move " I just hope this is not a difficult first step"

Youth must venture into business earlier

Alvin Woon advised young people to venture into business earlier as youth has advantage. Not afraid to fail and can fail early. If not, you will lack time and energy when you grow older and just regret.

He has few wisdom on  his journey in entrepreneurship startup. first is "Don't care about copy or compare, don't waste your time in care about what other people doing. What you did on yourself is more important.

In order to venture Alvin Woon when to Toronto from US alone to set up a base. Just give up his existing job and girl friend. It is tough initially, but base on determination, he able to venture his own success. launch on November 2007, have more than 20 language version and expand quickly in Asia country like Taiwan, Malaysia, Philippines and Singapore. It has 6 million to 7 million member now. with 50% of it member in Taiwan.

Venture Capital important in internet Startup
Alvin Woon said he has to understand internet business in Malaysia market first before deciding to contribute in which area.

On how to incubate & nurture internet startup. He said funding is important. Many Malaysia have programming capability, but they unable to move next step, if lack working capital. You need money in marketing and networking. It is difficult to consider your next move if lack capital.

He stress, startup capital requirment are lower in Malaysia compare to US, plus you get higher return on capital. Many people don't understand internet startup, They don't invest even they have capital. They rather invest in property or gold. This required change in mindset.

Excerpt and translated from Nanyang dated 16 March 2012


云惟彬揭噗浪弃马投台原因 “网络市场缺奖掖人才”

政府吸资及挽留人才 云惟彬持观望态度
年轻人创业要趁早 “做好自己最重要”

第三届中小企业大会•云惟彬:强硬推销引反感 网上软销更有效


Saturday, 19 November 2011 founder Jack Ma will be in Malaysia March 2012

The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) will organised 3rd SME conference at Berjaya Times Square at 15 March 2012.

Conference will invited industry icon including founder of Jack Ma,  Designer of  the world first single chip USB flash pen- drive,CEO of Phison Electronics, Pua Kian Seng.

The conference is expected to have 500 participant and it is a fee pay conference.

Conference language likely in Mandarin (Chinese).

Update: Jack Ma might not around but co-founder of, Alvin Woon will be in town

礼聘国内外知名人士主讲 明3月办中小企业大会

锺廷森透露,总商会会明年3 月15日将在吉隆坡时代广场举办大马中华总商会“第三届中小企业大会”,安排500人出席。

Sunday, 11 September 2011

Intel Capital invest in

Intel Capital, the venture capital arm of Intel Corp, has invested an undisclosed amount in Dealmates, a group buying start-up base in Malaysia.
This is third Group buying site in Malaysia being injection or M&A by Foreign company in year 2011.
3 months ago, another Malaysia Group buying website has been acquired by a South Korea company Ticket This is just a few short month after US base Groupon acquired Group More to become Groupon Malaysia. After a decade of launching Multimedia Super Corridor (MSC). Malaysia now on radar screen of M&A by technology startup MNC. Unfortunately, all focus on Group Buying company.

Groupon Malaysia CEO Joel Neoh become celebrity CEO after his company Group More acquired by Groupon.

South Korea online shopping Mall has set up in Malaysia despite it office is still base in Singapore. It website stated the campany partner with ebay, which has entered Malaysia market via few  years ago. This has create some confusion among ebay seller in Malaysia.

Another online shopping Mall from Japan, Rakuten plan to enter Malaysia market by year end or beginning of next year. It is surprising that Rakuten not using it Taiwanese company to enter Malaysia market. Given the fact that the online shopping Mall highly successful in Taiwan market and a high population in Malaysia speak same language with Taiwanese. It is far more easy for Rakuten Taiwan to enter Malaysia market than direct from Rakuten Japan.

After a decade of launching Multimedia Super Corridor (MSC). Malaysia online market is growing and on radar screen of internet MNC.
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