Metro Manila - 12, September 2016 – YOYO Holdings Pte. Ltd. announced today it had been short-listed for a Top 100 Asia award, a prestigious list honoring the year’s most promising private technology ventures from the Asia business region.
Red Herring has been selecting the most exciting and promising start-ups and "scale ups" since 1995. Finalists are still evaluated individually from a large pool of hundreds of candidates based across Asia. Twenty major criteria underlie the scoring and process. They include, among others: the candidate company's addressable market size, its IP and patents, its financing, the proof of concept, trailing revenues and management's expertise. Each company goes through an individual interview after filling out a thorough submission, complemented by due diligence from the Red Herring panel. The list of finalists includes some of the best performing and prominent companies of that year.
This unique assessment of potential is in addition to a review of the company’s actual track record and standing, which allows Red Herring to see past the “buzz” and make the list a valuable instrument for discovering and advocating the greatest business opportunities in the industry. Notable Top 100 Asia winners include Alibaba, Baidu, InMobi, Kakao, Rakuten, Snapdeal, Xioami and many more.
"Entrepreneurship in Asia has reached an inflexion point, and as a result, Red Herring Asia 2016 has shifted into a new phase," said Alex Vieux, publisher and CEO of Red Herring. “A second generation of entrepreneurs with CEO backgrounds is emerging and their execution skills and global ambitions lead to restless growth and amazing journeys. As importantly, we are seeing more companies from countries once absent from innovation circles. YOYO Holdings Pte. Ltd. shows great promise and therefore deserves to be among the finalist companies. Now we’re faced with the difficult task of selecting the Top 100 winners of Red Herring Asia. We know that the 2016 crop will reward us for long and continued efforts in scouting disruptive companies in Asia. The wealth of talent and achievements displayed by Red Herring Asia finalists is an excellent predictor for the new wave of revolutionary technology.”
The short-listed companies face one final challenge – a live presentation at the Red Herring Asia Forum taking place on September 12-14 in Manila, Philippines. After the total scores are summed, the Top 100 winners are announced at a special awards ceremony the evening of September 14.
For further information visit Red Herring.