Qualcomm launches new LTE IoT software development kit
Qualcomm Technologies has unveiled its new cellular connectivity internet of things (IoT) software development kit (SDK), designed to enable the deployment of large-scale connected IoT devices.
5G is set to revolutionise the world of IoT, enabling a whole range of new products aside from traditionally connected devices such as smartphones to access wireless technology. What Qualcomm’s SDK will do is provide a platform in which firms can develop new products that can harness the power of 5G.
“As a leader in wireless technology, Qualcomm Technologies is pleased to provide solutions that can help accelerate the development of a global Internet of Things,” said Serge Willenegger, Senior Vice President and General Manager, 4G/5G and Industrial IoT, Qualcomm Wireless.
“As a new element of Qualcomm Technologies’ wireless edge solutions, the LTE IoT SDK, combined with modules based on our MDM9206 LTE IoT chipset, is designed to help manufacturers and developers build and commercialise a wide range of exciting and innovative IoT applications in a cost-efficient and expedited manner.”
The SDK is expected to be available in the first half of this year, with demonstrations set to take place at the Mobile World Congress in Barcelona, held between 26 February – 1 March.
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.