Observers wary of Grab suit outcome, illustration photo Last week, the Ho Chi Minh City People’s Economic Court had yet to reach a final verdict on the lawsuit between taxi operator Vinasun and ride-hailing app company Grab due to a lack of solid evidence. The hearing has been adjourned until November 22, when the court is expected to collect more evidence from the taxi business. As previously reported by VIR, Vinasun brought the lawsuit against Grab, claiming that alleged ‘illegal operations’ of the tech firm were to blame for a loss of VND42 billion ($1.82 million) in the company’s revenues in 2016 and 2017. Grab, in response, called the accusations baseless and the lawsuit against it an abuse of the court system. In addition to refuting all of Vinasun’s allegations, Grab also called for an adjournment when a court-appointed damage assessor, Cuu Long Inspection Valuation, was not represented in court. At the hearing on October 29, the judging … [Read more...] about Observers wary of Grab suit outcome
Apps which earn you money
VietNamNet Bridge - “Of all ways, starting up is the only way which allows you to create new value which never existed before,” said Pham Kim Hung, CEO of Base Inc, called the ‘golden boy’ of Vietnam’s math community. Pham Kim Hung, CEO of Base Inc After graduating from Stanford University in 2012, Hung refused attractive job opportunities in the US and returned to Vietnam. "Of all ways, starting up is the only way which allows you to create new value which never existed before,” Pham Kim Hung, CEO of Base Inc Hung said when working with many businesses, he realized they have to install a lot of apps to serve their work. This prompted him to create an open platform – Base - where they can choose suitable apps. In 2004, Hung won the first prize at the national math Olympiad and the gold medal at the 45th International Mathematics Olympiad (IMO). In 2005, Hung once again won the first prize at the national math Olympiad and the … [Read more...] about Stanford graduate returns to Vietnam to “create new value”
Chinese powerhouse Didi Chuxing's acquisition of Uber Technologies Inc's China operations marked the biggest move yet toward consolidation in an industry that many investors and Silicon Valley pundits view as a winner-take-all game. On the day the Didi deal was announced earlier this month, Uber board member Bill Gurley said Uber's rivals in other markets had a slim chance of splitting the market with the dominant player, just as Uber struggled to erode Didi's share in China. After China, the industry will consolidate in other markets, said Hans Tung, an Asia-focused investor and managing partner at GGV Capital, which backed Didi and Grab, a Singapore-based ride service. "There will be a dominant No. 1," he said that same day. The consensus of 11 economists interviewed by Reuters, however, suggests an entirely different scenario, one of perpetual competition in a business with relatively few barriers to entry. "That one firm wins is a narrow and not accurate way to think about these … [Read more...] about Economists see ride-hailing industry as ripe for competition
VietNamNet Bridge - If you are looking for an iPhone on eBay, you will surely see the offers for iCloud-locked iPhones at low prices. Most of the phones are stolen products, and according to PCMag, Vietnam is the final leg in the itinerary of most of the illegal phones. FindMyiPhone, an app that allows users to locate their missing iPhones, for the last several years. However, the app seems to have improved even further with iOS 7.0's introduction of iCloud. If users lose their iPhones or have them stolen, they can render the phones unusable with Find MyiPhone. In order to re-activate a phone, one needs the iCloud password. … [Read more...] about Vietnam: The biggest consumer of stolen iPhones?
VietNamNet Bridge - Since the first iPhone 2G was launched on the market in 2007, nine iPhone generations with 12 models have been marketed. Many Vietnamese fans of iPhones have begun to be a bit bored with the phone. "Though rice is delicious and suited for Vietnamese, you will not be able to eat it every day. You sometimes need some noodle soup, vermicelli or even instant noodles," said Vu Thanh Tan, an information technology engineer, who sold his iPhone 5S for VND5 million to buy a Samsung product. Apple has taken moves to ‘pamper’ the South East Asian market by allowing FPT and The Gioi Di Dong to distribute iPhones. "I have loved the iPhone for nine years, and that is enough," Tan said. "I cannot use the same operating system forever." Nguyen Tat Dac, the owner of a mobile phone shop on Thai Ha street in Hanoi, noted that the Vietnamese ‘loyalty’ to iPhone has begun to‘ shake’. Dac said that he has many loyal clients who never thought … [Read more...] about Are Vietnamese now fed up with iPhones?