Playstation 5 vs Xbox Series X
Despite the fact that the PlayStation 5 dev kit was our first glimpse of the next generation of consoles, Xbox stole a march on Sony today by releasing a first look-trailer which confirms the official name for the Project Scarlet console the company has been teasing all year: the Xbox Series X.
With cloud gaming - in the form of Google Stadia, Shadow, PlayStation Now and more - threatening the very existence of physical gaming setups, Xbox and PlayStation seemed determined to make what will possibly be the last generation of consoles something truly special.
“As we enter a new generation of gaming, we see a future where you’re instantly absorbed in your games – where worlds are even more lifelike, immersive, responsive and surprising – and where you are at the center of your gaming experience. With the new Xbox Series X, we will realize that vision,” wrote Phil Spencer, Head of Xbox, in a blog post.
Spencer revealed today that the Series X will be Xbox’s fastest, most powerful console to date and, with four times the processing power of the Xbox One X, “set a new bar for performance, speed and compatibility, allowing you to bring your gaming legacy, thousands of games from three generations and more forward with you.”
The sleek, black monolight cuts a unique shape, and is a departure from the somewhat homogenous console design of the past two generations. It certainly cuts an impressive figure. Alongside the design reveal, we’ve got some specs from earlier this year. The system has a custom AMD Zen 2 processor, capable of delivering visuals at 4K resolution and at 60 frames per second, with the possibility of 120fps rates and supporting 8K displays. The machine features a solid-state drive to allow for faster loading times.
Microsoft also revealed a new wireless controller for the Series X today, claiming that its shape and design make it the console’s most inclusive peripheral to date. “Its size and shape have been refined to accommodate an even wider range of people, and it also features a new Share button to make capturing screenshots and game clips simple and an advanced d-pad derived from the Xbox Elite Series 2 Wireless Controller,” wrote Spencer.
Xbox’s release may have been galvanised by the announcement from Sony last month that the PlayStation 5 would be released in time for the holidays in 2020 - which means that it will almost certainly keep the fantastically weird, menacing, Alien spaceship-esque silhouette from its dev kit.
Whichever comes out on top, it’s going to be a very long wait for next Christmas.
Bukalapak raises $1.5bn in record Singapore IPO, say sources
Bukalapak, currently the fourth largest Indonesian ecommerce company, is said to have raised $1.5 billion in the first IPO by an Indonesian tech unicorn.
Three unidentified, but likely reliable, sources told Reuters the order books for Bukalapak’s IPO were covered by multiples, with one source claiming the issue attracted more than $6 billion in demand despite being listed at the top of its indicated price range.
Bukalapak's 50x growth
Bukalapak was looking to raise just $300 million just a few months ago. The figure grew to $800 million before rising to $1.5 billion as investors jockeyed for a piece of the company.
Covid-19 has had a positive impact on many ecommerce operators, and Bukalapak also has strong investment lines via Singapore sovereign investor GIC and Microsoft, among others. The company focuses on micro, small and medium-sized enterprises.
Indonesia is Southeast Asia’s biggest economy.
Indonesia’s four biggest ecommerce companies
Tokopedia is an Indonesian technology company specializing in e-commerce. It was founded in 2009 by William Tanuwijaya and Leontinus Alpha Edison.
Shopee was first launched in Singapore in 2015, and later expanded its reach to Malaysia, Thailand, Taiwan, Indonesia, Vietnam, the Philippines, Brazil, Mexico, Chile, and Colombia.
Lazada is a Singaporean multinational technology company which focuses mainly on e-commerce. Founded by Maximilian Bittner with the backing of Rocket Internet in 2012, it is currently owned by the Alibaba Group after its acquisition in 2016.
Bukalapak is an Indonesian e-commerce company. It was founded in 2010 as an online marketplace to enable small and medium enterprises go online and has expanded to support smaller traditional family owned businesses.