Hi. It’s Brady. Welcome to another week.
There’s a lot of uncertainty in the world right now. The pandemic has some places living in time loops—lock down, open up, lock down. Costs of living are climbing to new heights all over the world. A war in Europe is impacting gas prices everywhere.
All of these factors, plus a heavy dose of regulatory uncertainty in some countries, have stalled growth for many companies.
KrASIA has been following the developments of AnyMind, a brand enablement platform founded in Singapore, since 2019. Over the years, AnyMind built up its operations in 13 countries, and has been offering dependable services to influencers across Asia.
Some time ago, we caught wind that they were about to go public in Tokyo, but those plans have been scrapped. AnyMind withdrew its application for an initial public offering on the Tokyo Stock Exchange, citing “the situation in Ukraine, stock market trends, and other various circumstances.” And the company isn’t alone in backtracking on plans for a listing.
This makes us wonder about the many startups that have cropped up over the past few years and label themselves as producing local solutions to local problems. While the vision makes sense, how many truly have their eyes on global developments that impact nearly every business in the world? And how many are making decisions based on that information, like AnyMind?
Stephanie wrote about the company’s latest development. You can read her article here.
Baku uses data analytics and IoT hardware to improve poultry farming processes.
JD.com posts first annual loss since 2018 as new businesses bleed cash.