It’s all about your day-to-day commute today as we speak to the first carpool app developed in Singapore.

Founded in September 2014, Ryde leverages technology to facilitate the movement of people and goods by providing on-demand and scheduled carpooling and ride-hailing services. 

While the firm has its origins as a carpool app, it has since expanded to provide a full suite of mobility and delivery options , and even established extended product services such as e-payments, taxi bookings and insurance purchases. 

Ryde’s services are currently available in Singapore, though the firm has a footprint in other regional markets such as Malaysia, Hong Kong and Australia. 

But why are we talking about Ryde you might ask? Well the firm made history in March this year by becoming the first Singaporean ride-hailing startup to debut on the New York Stock Exchange. 

The firm has said then that it plans to use the proceeds to expand globally and improve its technology infrastructure.

But what is of concern here is that the listing comes at a time when Ryde registered a net loss of S$4.96 million on S$8.8 million of revenues in 2022, per its IPO prospectus. Loss for the six months ended June 2023 also came in at close to S$4 million.

So is this the right time for Ryde to double down on capital expenditures and capture market share? Is a flush in investors’ and in particular institutional investors’ money the key to help the firm lay the groundwork towards profitability? 

On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Terence Zou, Founder, Chairman and Chief Executive Officer of Ryde Group Ltd.

It’s all about your day-to-day commute today as we speak to the first carpool app developed in Singapore.
Founded in September 2014, Ryde leverages technology to facilitate the movement of people and goods by providing on-demand and scheduled carpooling and ride-hailing services. 
While the firm has its origins as a carpool app, it has since expanded to provide a full suite of mobility and delivery options , and even established extended product services such as e-payments, taxi bookings and insurance purchases. 
Ryde’s services are currently available in Singapore, though the firm has a footprint in other regional markets such as Malaysia, Hong Kong and Australia. 
But why are we talking about Ryde you might ask? Well the firm made history in March this year by becoming the first Singaporean ride-hailing startup to debut on the New York Stock Exchange. 
The firm has said then that it plans to use the proceeds to expand globally and improve its technology infrastructure.
But what is of concern here is that the listing comes at a time when Ryde registered a net loss of S$4.96 million on S$8.8 million of revenues in 2022, per its IPO prospectus. Loss for the six months ended June 2023 also came in at close to S$4 million.
So is this the right time for Ryde to double down on capital expenditures and capture market share? Is a flush in investors’ and in particular institutional investors’ money the key to help the firm lay the groundwork towards profitability? 
On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Terence Zou, Founder, Chairman and Chief Executive Officer of Ryde Group Ltd.

We speak with businesses, industry leaders, venture capitalists and startups on their assessment of the business environment they're in, and what the future holds for them.

We speak with businesses, industry leaders, venture capitalists and startups on their assessment of the business environment they're in, and what the future holds for them.

Under The Radar

From politics to pop culture, we've got it all. Get ready to immerse yourself in the world of business, lifestyle, culture, travel, and sports.

From politics to pop culture, we've got it all. Get ready to immerse yourself in the world of business, lifestyle, culture, travel, and sports.

The Evening Runway with Hongbin Jeong, Roshan Gidwani and Chua Tian Tian

Under the Radar: Carpool app Ryde’s Founder and Chairman Terence Zou on the firm’s NYSE IPO and concerns over profitability

Founded in 2021, our guest Space Faculty is a business consulting firm and also a pioneer in helping the public and private sectors be a part of the space economy. 

The firm’s operations can be segmented into three verticals: one, helping the private sector tap into space-based and deep tech innovations, two, developing national-level STEM 2.0 learning roadmaps for youths and professionals, and three, working with governments to create, expand, and leverage the space industry ecosystem. 

For example, the company worked with the Singapore Land Authority to come up with a technology challenge to mobilise youths to develop solutions and prototypes that help SLA’s technologies impact different parts of the community. 

It also supports the Office for Space Technology and Industry, Singapore by building a pathway for talent development  through bespoke programmes and industry connection points to complement the education system and meet growing industry demand.

Globally, the firm also has a long-term partnership with the US Embassy for the International Space Challenge to showcase the breadth of established and emerging space companies in the global ecosystem, and help them maintain their mindshare in the space industry. 

But why are we talking about Space Faculty? Well, McKinsey & Company had in an April report estimated that the global space economy will be worth US$1.8 trillion by 2035, taking into account inflation. That’s a multiple of the US$630 billion seen in 2023. 

But where are the untapped opportunities in this space (pun intended) – and how far does that translate into earnings for Space Faculty?

On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Lynette Tan, CEO, Space Faculty. 

Founded in 2021, our guest Space Faculty is a business consulting firm and also a pioneer in helping the public and private sectors be a part of the space economy. 
The firm’s operations can be segmented into three verticals: one, helping the private sector tap into space-based and deep tech innovations, two, developing national-level STEM 2.0 learning roadmaps for youths and professionals, and three, working with governments to create, expand, and leverage the space industry ecosystem. 
For example, the company worked with the Singapore Land Authority to come up with a technology challenge to mobilise youths to develop solutions and prototypes that help SLA’s technologies impact different parts of the community. 
It also supports the Office for Space Technology and Industry, Singapore by building a pathway for talent development  through bespoke programmes and industry connection points to complement the education system and meet growing industry demand.
Globally, the firm also has a long-term partnership with the US Embassy for the International Space Challenge to showcase the breadth of established and emerging space companies in the global ecosystem, and help them maintain their mindshare in the space industry. 
But why are we talking about Space Faculty? Well, McKinsey &amp; Company had in an April report estimated that the global space economy will be worth US$1.8 trillion by 2035, taking into account inflation. That’s a multiple of the US$630 billion seen in 2023. 
But where are the untapped opportunities in this space (pun intended) – and how far does that translate into earnings for Space Faculty?
On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Lynette Tan, CEO, Space Faculty.

Under the Radar: Initiating handshakes between private and public organisations in the space economy – Space Faculty on opportunities in the space consulting industry

Today we’re going to bring you an inside look into the B2B merchant services and fintech arm of Razer, Fiuu. 

Established back in April 2018 as Razer Fintech, Fiuu has grown to become the one of the largest O2O or Offline to Online digital payment networks in emerging markets and has processed over billions of dollars in total payment value. 

For one thing, Fiuu recorded a Total Payment Volume, or TPV of over US$6.6 billion for FY 2023, positioning it as one of the largest payment processors in Southeast Asia. 

Its business encompasses two verticals namely payment services and reload services. In terms of payment services, the firm supports global scheme cards and over 110 payment methods to power online and offline payments for global and regional blue-chip merchants in Southeast Asia. 

On the reload services front, the firm has built the region’s largest offline payment network with over 1 million physical acceptance points. This includes cash-over-counter services like the fulfilment of e-commerce purchases, bill payments and telco reloads and merchant acquiring services for third party e-wallets. 

Why are we talking to Fiuu you might ask? Well, the firm was rebranded from Razer Fintech to Fiuu in March this year to reinforce its intentions to become a leading force in the future of digital payments. 

But how far does the rebranding initiative allow the firm to move away from its gaming heritage? 

Meanwhile, a report by Google, Temasek and Bain & Company noted that digital payments now make up over 50% of transactions in Southeast East Asia. But what opportunities does this provide to Fiuu and Razer?

On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Limeng Lee, Executive Chairman, Fiuu, and Chief Strategy Officer, Razer.

Today we’re going to bring you an inside look into the B2B merchant services and fintech arm of Razer, Fiuu. 
Established back in April 2018 as Razer Fintech, Fiuu has grown to become the one of the largest O2O or Offline to Online digital payment networks in emerging markets and has processed over billions of dollars in total payment value. 
For one thing, Fiuu recorded a Total Payment Volume, or TPV of over US$6.6 billion for FY 2023, positioning it as one of the largest payment processors in Southeast Asia. 
Its business encompasses two verticals namely payment services and reload services. In terms of payment services, the firm supports global scheme cards and over 110 payment methods to power online and offline payments for global and regional blue-chip merchants in Southeast Asia. 
On the reload services front, the firm has built the region’s largest offline payment network with over 1 million physical acceptance points. This includes cash-over-counter services like the fulfilment of e-commerce purchases, bill payments and telco reloads and merchant acquiring services for third party e-wallets. 
Why are we talking to Fiuu you might ask? Well, the firm was rebranded from Razer Fintech to Fiuu in March this year to reinforce its intentions to become a leading force in the future of digital payments. 
But how far does the rebranding initiative allow the firm to move away from its gaming heritage? 
Meanwhile, a report by Google, Temasek and Bain &amp; Company noted that digital payments now make up over 50% of transactions in Southeast East Asia. But what opportunities does this provide to Fiuu and Razer?
On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Limeng Lee, Executive Chairman, Fiuu, and Chief Strategy Officer, Razer.

Under the Radar: How will Razer Fintech’s rebranding to Fiuu help it move away from its gaming heritage and be a leading force in the future of digital payments? – Its Executive Chairman Limeng Lee sheds light on the matter

Optimus Prime is in the house today as we speak to the company behind the Transformers franchise. 

Founded in 1923, our guest Hasbro actually started out selling textile remnants and pencil boxes before becoming the leading toy and game company it is today. 

Now, the firm aspires to entertain and connect generations of fans through the exhilaration of play. 

Some of the names under the company’s portfolio include Play-Doh, Monopoly, Peppa Pig, Transformers, Dungeons & Dragons, Hasbro Games as well as other premier partner brands. 

The firm had in April reported a smaller-than-expected drop in Q1 sales as leaner inventories and a steady stream of digital gaming revenue bolstered it from softer demand for toys. 

But with Grand View Research valuing the global toys and games market at US$324.7 billion in 2023 and the industry set to grow at a CAGR of 4.3% from 2024 to the end of the decade (2030), how does Hasbro assess its road ahead? Which brands will continue to drive growth?

Speaking of brands, the firm appears to be doubling down on its Monopoly brand, especially after the Monopoly Go mobile game reached US$2 billion in revenue in the first 10 months since its launch. 

For one thing, it had in April this year signed a deal with LuckyChap, the award winning production company headed by Margot Robbie to produce a motion picture movie based on the Monopoly classic board game.  

A Transformers animated movie is also set to release in September. But how far will movie production help Hasbro drive mind-share and profits looking at the success of its competitor Mattel and the Barbie movie? 

On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Bhavesh Somaya, Senior Vice President, Asia Pacific, Hasbro.

Optimus Prime is in the house today as we speak to the company behind the Transformers franchise. 
Founded in 1923, our guest Hasbro actually started out selling textile remnants and pencil boxes before becoming the leading toy and game company it is today. 
Now, the firm aspires to entertain and connect generations of fans through the exhilaration of play. 
Some of the names under the company’s portfolio include Play-Doh, Monopoly, Peppa Pig, Transformers, Dungeons &amp; Dragons, Hasbro Games as well as other premier partner brands. 
The firm had in April reported a smaller-than-expected drop in Q1 sales as leaner inventories and a steady stream of digital gaming revenue bolstered it from softer demand for toys. 
But with Grand View Research valuing the global toys and games market at US$324.7 billion in 2023 and the industry set to grow at a CAGR of 4.3% from 2024 to the end of the decade (2030), how does Hasbro assess its road ahead? Which brands will continue to drive growth?
Speaking of brands, the firm appears to be doubling down on its Monopoly brand, especially after the Monopoly Go mobile game reached US$2 billion in revenue in the first 10 months since its launch. 
For one thing, it had in April this year signed a deal with LuckyChap, the award winning production company headed by Margot Robbie to produce a motion picture movie based on the Monopoly classic board game.  
A Transformers animated movie is also set to release in September. But how far will movie production help Hasbro drive mind-share and profits looking at the success of its competitor Mattel and the Barbie movie? 
On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Bhavesh Somaya, Senior Vice President, Asia Pacific, Hasbro.

Under the Radar: Transformers, MONOPOLY, Play-Doh maker Hasbro on IP licensing, power brands that drive growth, money up for grabs in the movies and entertainment space

Under the Radar: Carpool app Ryde’s Founder and Chairman Terence Zou on the firm’s NYSE IPO and concerns over profitability

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