Malaysian start-ups must be empowered to go global - investor
Photo: Malaysian Global Innovation & Creativity Center by FongCL (Own work) [CC BY-SA 4.0, via Wikimedia Commons
KUALA LUMPUR - Start-ups in Malaysia shy away from global expansion and are too dependent on the Southeast Asian market, says New Zealand-based AIPC Limited managing director Sudhir Shreedharan.
AIPC recently acquired a stake in Malaysia-based digital media start-up Loonaq Sdn Bhd that runs Islamic content marketplace IslamicTunes.net. Shreedharan was previously Asia Pacific managing director of Germany headquartered Music2Deal.com, a marketplace for the music industry.
AIPC's interest in Loonaq is to expand the company into Indonesia, Thailand, Vietnam and Philippines and provide strategy and marketing advise to develop IslamicTunes.
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Zurinna Raja Adam