Echelon Asia Summit 2018 Day 1 Takeaways
Key takeaways from talks held on Day 1 at Echelon Asia Summit 2018
Young, Creative and Social Media Crazy: Why Cambodia’s youth is an ocean of untapped potential
Zoë Ng, Co-founder and Managing Director — Raintree Development
Penhleak “Pinkie” Chan, Commercial and Community Manager — Raintree Development
Cambodia is a rapidly growing third world economy with many of its youths being exposed to the Internet at a younger age through smartphones. With the digital floodgates open to the youth, Cambodia is seeing a trend of a tech-savvy population. However, Cambodia’s current financial infrastructure has many gaps, with some large businesses having not yet implemented credit card or mobile payments. Thus, there is a great wealth of untapped potential in Cambodia that opens up many opportunities for aspiring startups to bridge the gaps within Cambodia’s economy.
The Platform Effect: Exploring the transformative impact of the platform economy in Southeast Asia
Satya Tammareddy, Strategic Accounts, Stripe
Gillian Tee, Co-founder and CEO — Homage
Bhaskar Prabhakara, Founder — WeInvest
Vanessa V Hendriadi, Co-founder and CEO — Go-Rework
Cherilyn Tan, Chief Executive Officer — AsiaLawNetwork.com
The value of the platform economy comes about from transparency, cost, and the scale of values. Platforms are not only consumer-based but there is potential for B2B and even B2B2C in platforms. What drives platforms is the trust in technology and the community that resides in these platforms and one must strike a balance between the suppliers and consumers when setting up a platform for their target audiences.
Making love out of data: Why online platforms are the new norm in the dating scene
Tung Yon Heong, Senior Writer — e27
Ng Jing Shen, Co-founder and CEO — Paktor
With more dating apps in the market, Paktor differentiates itself from its competitors by filling in the gaps that arise from a western-oriented app such as Tinder and the Asian market. Differentiating one’s own product is important and contextual not only on a regional level, but also a country level and one must take advantage of gaps that exist in the competition. In an industry that revolves around constant user acquisition, it is vital to use data analytics to understand how one’s consumers are making use of the product and to adjust accordingly.
Power to the people: The business model behind user-generated content platforms
Aziza Sheerin, Director — General Assembly
Jia Jian Ho, Co-founder — Viddsee
Dixon Chan, Co-founder and CEO — Burpple
For user-generated content platforms such as Burpple and Viddsee, there is a large focus on the community and a need for user acquisition as well as user engagement. In the evolution of user-generated content platforms, the monetisation of content is inevitable to support the growing platform. To sustain the these content platforms, the platform must be able to create value as well as pass that value onto the stakeholders in the platform. User engagement then becomes important to retain the userbase on the platform.
Till next year! (: