FORBES PHILIPPINES June
Third-generation cousins behind Max’s Group, with a flagship fried-chicken
restaurant chain originating in postwar Quezon City, are internationalizing. They’re
expanding licensed Western brands such as Krispy Kreme Doughnuts domestically,
while targeting 200 sites abroad for Max’s and other Philippine eatery favorites
by 2020. CEO Robert F. Trota says a fifth of revenues at the privately held firm will
come from the foreign outreach.Around Asia
In FORBES:
FORBES INDIA June 24
Bhavish Aggarwal, 30, together with cofounder Ankit Bhati,
29, are guiding Ola, the homegrown Indian challenger to car-
summoning app Uber. Ola’s parent company has raised $1.5 billion
in funding as the international ride wars come to India. Global
alliances are forming and lawsuits are flying. The national market
being contested is an estimated 300 million daily trips.FORBES KOREA June
Lee Sang-Hyuk, 44, broke into
the billionaire ranks this year with
his so-called unicorn Yello Mobile,
a “venture alliance” business,
cultivating and investing early
in mobile-based startups. Yello’s
portfolio of apps now spans
shopping, media, travel and
marketing, with revenues last
year of $275 million and 4,000
employees. Of the company’s and
his own imputed valuation, Lee says,
“honestly, still feels surreal.” An IPO,
he suggests, is still three years off.FORBES ASIA
LICENSEE COVERS
FORBES JAPAN August
Web pioneer and director of the MIT
Media Lab, Joichi “Joi” Ito, discusses
the digital-currency frontier, including
Bitcoin and the future of Blockchain.JULY 2016 FORBES ASIA | 79