Emerging Markets

Crowd Sourced Global Cost Of Living

Crowd Sourced Global Cost Of Living

Imagine now that millions of end users constantly submitting individual prices of everyday items such as food, transportation fees, clothing and the like. Then imagine that this tidal wave of real-time data gets compiled and stored in a huge digital database where they are analyzed, disaggregated, and are connoted with some underlying logic.

Viola, a worldwide index of prices is now created and at our disposal with a few clicks of a mouse or taps on a screen. This global index of prices compares the cost of living across various places courtesy of those crowd-sourced data points that initially contributed to the data cloud. This was what Numbeo has precisely done.

Now, we take it one step further and depict that information through an eye-friendly infographic, courtesy of Visual Capitalist. A few outliers catch our eye. While Switzerland, Norway, Australia, The UK, and Singapore (our country) may have fallen into your list of expensive countries, countries such as Venezuela and Kuwait might have caught you off guarded on just how expensive they really are to live in - with the former experiencing some 64% hyperinflation at last check.

How Uber Lost 1.36 Billion Customers Just Like That

How Uber Lost 1.36 Billion Customers Just Like That

Exactly on the 1st of January 2015, Beijing's Traffic Enforcement Unit banned the operation of "illegal" taxi services in the capital after receiving complaints from passengers. In its eyes, unlicensed taxis, which includes Uber vehicles, are "taxi clones" and affirms that private cars operating through taxi applications is considered an act of illegal operation. The Ministry's stated reason for the ban was to protect the "hired car" market from unfair competition. This is the standing opposition of antagonists be it in Beijing, or in New York.

So for now, it is one market - which turns out to be the world's most populous nation - down; the $41.2bn price tag remains, no discount as of now. We patiently wait for positive positive (hopefully) developments, and most importantly, strategies to side step its mounting hurdles; because absent which severely limits the company's potential.

China's XiaoMi Trumps Uber As World's Most Valuable Tech Startup

China's XiaoMi Trumps Uber As World's Most Valuable Tech Startup

XiaoMi has done it again. After receiving a little over $1.1bn through a stock sale in a 5th bout of funding on 29 December 2014, the mobile phone maker is now valued by private investors at $46bn; this is $4.8bn higher than Uber, the runner up. XiaoMi is without question one of the most valuable tech companies in the world as the WSJ reports. It seems quite a handful of noteworthy investment names such as Singapore's very own GIC and Temasek Holdings, the former as Singapore's Sovereign Wealth Fund, are involved in XiaoMi's latest bout of funding.