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FlyMya acquired their rival Go-Myanmar

FlyMya.com acquired their rival Go-Myanmar.com. Yangon's travel booking platform acquires smaller competitors for unspecified amounts of money. The acquisition at least undermines competition in Myanmar where the two startups have competed with each other.

Go-Myanmar was founded by Marcus Allender in 2012 to provide content of various travel destinations through blogs, photos, videos, and tourist options to suit the needs of all types of travelers. The platform updates information about destinations, how to get around and other travel guides.


"The content and online profile of Go-Myanmar and the resources of FlyMya's experienced technical team is a clear synergy," says Allender.

FlyMya was founded by Mike Than Tun Win in 2015 as a one-stop online booking for domestic travel. Currently the platform gives travelers the choice of flights, tours and transportation rentals to over 20 destinations.

"Go-Myanmar is one of the most popular brands in Myanmar and a trusted…
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Koinex P2P cryptocurrencies raised pre-series A funding

Koinex.in raised the Pre-Series A funding for an unspecified amount. Mumbai-based startup will use the funds to upgrade technology infrastructure, improve products and expand teams in serving peer-to-peer exchanges for bitcoin, bitcoin cash, ethereum, litecoin, and ripple.

Koinex raises the A-Series funding led by Beenext's Dirk van Quaquebeke and Pantera Capital's Daniel Morehead. The investment will be used by Koinex to increase real-time trading facilities and more crypto in a single platform based on a peer-to-peer exchange model.


The multi-cryptocurrency trading and trading platform was established by Rahul Raj, Rakesh Yadav and Aditya Naik in August 2017. The startup has previously received seed funding from Beenext and other angel investors to facilitate real-time trading of bitcoin, ethereum, ripple, bitcoin cash and litecoin on one platform.

Koinex says the platform has an open and direct message exchange feature offering transparent pricing for every registered digit…

Toshiba and Western Digital said it had ended the dispute

Toshiba and Western Digital have completed a legal battle over chip unit sales. The two companies in Minato and San Jose said on Wednesday it has paved the way for an agreement on the sale of valuable multi-billion dollar chip business and will boost the joint commitment to collaboration on the ongoing flash memory.

Toshiba has been on the edge of trouble after the acquisition of Westinghouse nuclear energy company that lost billions of dollars. The company decided to sell its coveted chip business to a consortium led by Bain Capital in order to survive and avoid delisting from the stock market.


Western Digital who has been involved in joint production with Toshiba opposes selling to third parties without consent and launches a series of legal actions. The move triggered a backlash by Toshiba and the problem becomes more complicated.

On Wednesday, the two companies said in a statement that it had signed a global settlement agreement to settle disputes in litigation and arbitration, st…

Son of President Indonesia build home food app Madhang.id

The son of the Indonesian president built the online platform of Madhang.id for exotic home-cooked ordering services. Kaesang Pangarep, the youngest son of Indonesian President Joko Widodo announced the launch of a smartphone app to sell and promote home industry cuisine.

"I know Indonesians are more fond of home-based food than restaurant food," Pangarep said in Semarang.

Madhang app is Pangarep collaboration with team at Dian Nuswantoro University in Semarang to accommodate housewives as tenant who sell home cooking. Pangarep said the application empowers Indonesian household dishes are very diverse and exotic.


Pangarep established PT Madhang Sak Indonesia as the operator's parent application. Tenants do not have to own a stall, but must have a kitchen, a place for purchase visits and always ready to deliver food orders to the customer through the application.

"The app has an 'eat on-site' feature that allows buyers to eat in a tenant place," Pengarep…

BAIC Motor stops selling gasoline cars in 2020

BAIC Motor Corp Ltd stops selling traditional-engine vehicles starting in 2020. Beijing-based vehicle manufacturers are announcing to stop selling gasoline-powered cars to follow government regulations that target at least electric vehicles will meet 20% of new car sales by 2025.

"Our goal is to stop the sale of conventional fuel-powered cars developed in Beijing by 2020 and stop production nationwide by 2025," BAIC chairman Xu Heyi said.


China has set a quota for the wider adoption of hybrid and electric cars that come into effect by 2019. This rule is predicted to shake up domestic and international car makers who continue to produce traditional-engined vehicles. China is the largest automotive market in the world today.

China's Deputy Minister of Industry said it would soon begin applying the ban on production and sales of traditional fuel cars. The government says the rule will be a difficult time for car manufacturers and should soon adapt.

GMO Internet Inc pays 4700 employees using bitcoin

GMO Internet Inc. pays more than 4700 employees using bitcoin. The Tokyo-based Internet giant has announced a payroll system to enable employees to receive their paychecks in cryptocurrency beginning in February 2018 for the March payment period.

GMO Internet Group on Monday announced it has set up a payroll option using bitcoin for GMO Internet Inc. employees, but will gradually expand to the entire group network. The internet conglomerate has 42 subsidiaries and 4,710 permanent employees in September 2019.


The GMO Wallet service was first launched in early 2017. Each bitcoin payment amount uses the exchange rate on GMO Coins exchanges where employees who create accounts will receive bitcoin on the same day as their pay.

The company is engaged in online advertising business, Internet infrastructure, internet security and mobile entertainment. GMO Click Securities brokerage firm has become the world's largest FX provider in trading volume since 2012. The company also launched a bl…

PepsiCo makes pre-orders 100 Tesla Semi trucks

PepsiCo Inc. makes pre-orders of 100 Tesla Semi trucks. An American multinational food, snack, and beverage corporation headquartered in Purchase, New York, has ordered Tesla Inc.'s largest electric truck today in an effort to reduce fuel costs and carbon emissions.

Tesla has convinced people about the technology and content to compete diesel trucks at relatively low cost. 100 Tesla Semi truck PepsiCo orders add orders of more than 267 trucks in a dozen combined companies such as Wal-Mart Stores Inc, J.B. Hunt Transport Services Inc., and Sysco Corp.


PepsiCo intends to apply Tesla Semi for snack and beverage shipments between manufacturing facilities, distribution and direct to retailers within the 500 mile (800 km) range promised by Tesla CEO Elon Musk.

The semi-trucks will complement the PepsiCo fleet in the US consisting of nearly 10,000 large trucks and an important part of the plan to reduce greenhouse gas emissions across the supply chain by a total of at least 20 percent by…