1 FACEBOOK WILL LET SOME OF ITS USERS SEE IF THEY INTERACTED WITH RUSSIAN PROPAGANDA WWW.BUSINESSINSIDER.COM  PUBLISHED:2017/11/23      2 TESLA LEADS SURGE IN U.S. ASSET-BACKED SECURITIES WWW.BLOOMBERGTV.MN PUBLISHED:2017/11/23      3 BRITAIN SETS ASIDE $4 BILLION FOR BREXIT WWW3.NHK.OR.JP PUBLISHED:2017/11/23      4 OIL SETS ITSELF UP FOR FALL IF OPEC CAN'T DELIVER CUTS EXTENSION WWW.BLOOMBERG.COM  PUBLISHED:2017/11/23      5 THESE DOOMSDAY PREPPERS ARE STARTING TO SWITCH FROM GOLD TO BITCOIN WWW.MINING.COM  PUBLISHED:2017/11/23      6 MONGOLIA ATTENDS ASEM FOREIGN MINISTERS' MEETING WWW.MONTSAME.MN PUBLISHED:2017/11/23      7 NOVEMBER 22, 2017 TRADING REPORT WWW.MSE.MN PUBLISHED:2017/11/23      8 ADB TO PROVIDE A $50 MILLION LOAN TO HELP MONGOLIA SUSTAIN EDUCATION QUALITY AND ACCESS WWW.AKIPRESS.COM  PUBLISHED:2017/11/23      9 DOLLAR DUMPED, BONDS BOOSTED ON FED INFLATION CAUTION WWW.REUTERS.COM PUBLISHED:2017/11/23      10 YOU CAN BUY ALMOST ANYTHING ONLINE IN CHINA, EVEN A JUMBO JET WWW.RT.COM  PUBLISHED:2017/11/23      УБТЗ НИЙГЭМЛЭГ 441 ХҮНИЙГ АЖЛЫН БАЙРААР ХАНГАЛАА WWW.EAGLE.MN  НИЙТЭЛСЭН:2017/11/23     ХЯТАД УЛС ДЭЛХИЙН ХАМГИЙН АНХНЫ НИСДЭГ МАШИНЫ КОМПАНИЙГ ХУДАЛДАН АВЛАА WWW.MONTSAME.MN  НИЙТЭЛСЭН:2017/11/23     БАНКНУУДЫН АКТИВЫН ЧАНАРЫН ҮНЭЛГЭЭНИЙ ДҮН ИРЭХ САРЫН ДУНДУУР ГАРНА WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2017/11/23     ҮСХ: АДУУНЫ МАХНЫ ЭКСПОРТ 3.9 ДАХИН ӨССӨН WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2017/11/23     МОНГОЛЫН ХӨРӨНГИЙН ЗАХ ЗЭЭЛИЙН ӨСӨЛТИЙГ БЛҮҮМБЭРГ ТВ МОНГОЛИА ОНЦОЛЛОО WWW.MSE.MN  НИЙТЭЛСЭН:2017/11/23     ЭНЭ ОНЫ ГУРАВДУГААР УЛИРЛЫН БАЙДЛААР МОНГОЛ УЛС 26 ТЭРБУМ АМ.ДОЛЛАРЫН ГАДААД ӨРТЭЙ ГЭВ WWW.DNN.MN  НИЙТЭЛСЭН:2017/11/23     ЧУУЛГАН: ЕРӨНХИЙЛӨГЧИЙН НЭР ДЭВШҮҮЛЭХ ЭРХИЙГ ӨӨРЧЛӨВ WWW.NEWS.MN  НИЙТЭЛСЭН:2017/11/23     БАЙГАЛИЙН ШАТДАГ ХИЙ (CNG)-Н СТАНЦ БАЙГУУЛЖ БАЙГАА АЖИЛТАЙ ТАНИЛЦЛАА WWW.DNN.MN  НИЙТЭЛСЭН:2017/11/23     11-Р САРЫН 22-НЫ ӨДРИЙН АРИЛЖААНЫ МЭДЭЭ WWW.MSE.MN НИЙТЭЛСЭН:2017/11/23     ЗАРИМ КОМПАНИЙН АРИЛЖААГ ТҮР ЗОГСООХООР БОЛЛОО WWW.NEWS.MN НИЙТЭЛСЭН:2017/11/22    

New Asian companies find success with a regional focus www.asia.nikkei.com

TOKYO/MANILA -- In Asia, entrepreneurs can "think about creating startups that are global from day one," said Ernestine Fu, venture partner at the Alsop Louie Partners. "[That] is not possible in Silicon Valley."

One reason for this is that some problems that startups aim to solve are common to the region. A business model or product that addresses such a challenge has a large, ready-made market at hand, potentially creating the next Asian unicorn.

Philippine startup Salt is a great example. Salt -- short for "sustainable alternative lighting" -- found itself in the spotlight when co-founder Aisa Mijeno shared the stage with former U.S. President Barack Obama and Alibaba Group Holding Chairman Jack Ma Yun at the 2015 Asia-Pacific Economic Cooperation meeting in Manila.

The company makes lamps that use saltwater as the catalyst for a fuel cell, instead of the kerosene that fuels lamps across Southeast Asia in areas without electricity. Mijeno came up with the idea for a saltwater lamp after living with a remote tribe in Kalinga, in the northern Philippines. During her monthlong stay with the Butbut, Mijeno learned that people had to walk at least six hours to the nearest town to buy kerosene.

Enter Salt's lamp, which, the company says, can last six months when used eight hours a day and maintained properly.

"We were trying to determine what the staple items in every household in the Philippines were, and we found out that there are actually three staple items: salt, water and rice. That's the main reason we used salt water as the catalyst ... to generate electricity," Mijeno told the Nikkei Asian Review in an interview last year.

The company was founded in 2014 when it joined Ideaspace Foundation, an incubator that helps fund and develop innovations with commercial potential. Salt was selected by Ideaspace as one of the year's top-10 projects and used its prize money to start working on a prototype. It has since delivered over a thousand lamps to remote communities in the Philippines, and partnered with a local manufacturer to begin mass production.

Fashion for the faithful

For Diajeng Lestari in Indonesia, the "problem" that needed addressing was helping Muslim women express their fashion sense while maintaining their modesty. This led her to create Hijup in 2011, a pioneering Islamic fashion website. The online shopping mall offers clothing and accessories aimed mainly at Muslim women.

Hijup is short for "hijab-up," as in make up or dress up. The hijab is the headscarf worn by some Muslim women.



Published Date:2017-04-21