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LIKE it or not, the Fourth Industrial Revolution (IR4.0) is upon us.
IN the past year, hotel chains and home-sharing sites have started encroaching on each other’s turf. Airbnb Inc advertises hotel rooms on its platform and Marriott International Inc recently launched a home-stay offering.
NEW YORK: WeWork, Peloton, Endeavor, Poshmark and more just got the message: It’s not a great time to go public.
CUSTOMERS of Square Inc, the Silicon Valley payments behemoth, might assume that the cash they send to friends on the platform is housed in a glassy building in Silicon Valley, tended to by hoodie-clad tech workers. Actually, that money is more likely to be sitting in a 117-year-old community bank in Iowa.
FRANCE aims to raise €5bil (RM23bil) in funds from private-sector investors to give French startup companies a leg up and help the most promising ones grow further, President Emmanuel Macron said last week.
LISBOA: Ana Guerreiro points across the street at a handful of housing projects in Lisbon’s up-and-coming riverside neighborhood of Marvila. It’s where she moved in with her mother last year after soaring rents meant she could no longer afford to live alone.
PETALING JAYA: The Malaysia Budget Hotel Association (Mybha) intends to improve the competitiveness of budget hotels in the country, as the sector continues to face stiff competition from online booking platforms such as Airbnb.
British billionaire Sir Richard Branson's space tourism venture is set to go public by year-end and dozens more, including unicorns and tech stocks, are planning to raise funds in the capital markets this year.
PETALING JAYA: More Malaysians are relying on Airbnb to settle their mortgages given the property overhang that is engulfing the sector.
KUALA LUMPUR: Online hospitality service brokerage company, Airbnb Inc urged the government to provide a clearer guideline on tourism tax for its type of business.