In addition, US grocery delivery platform Instacart raised US$265 million with a valuation of US$39 billion; Southeast Asian small Tencent Sea’s pre-market shares rose more than 7%, and Q4 fell short of expectations.

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Globalization of Chinese Enterprises

E-Xian E-commerce announced the acquisition of Eve Lom, an international high-end skin care brand. According to TechWeb reports, Yixian E-commerce, the parent company of Perfect Diary, recently announced that it will acquire the skin care brand Eve Lom. The seller of this transaction is Manzanita Capital, which will continue to retain a minority stake in the business and reach a strategic partnership with Yixian e-commerce. The acquisition is expected to be completed in the next few weeks. The Eve Lom brand was founded by European star beautician Eve Lom in London in 1985 and launched a product series of the same name.

Shunzao Technology received strategic financing from Xiaomi Group. It is learned that Shunzao Technology recently officially announced that it has obtained strategic financing from Xiaomi Group. Shunzao Technology was established in July 2019. It is a high-end cleaning appliance manufacturer. Its main products cover many cleaning scenarios such as home space, car space, and office space. In terms of market expansion, in addition to the domestic market, Shunzao Technology has also deployed in 20 countries and regions including Germany, the United States, Russia, Japan, and Singapore.

Futu Holdings established its Southeast Asian headquarters in Singapore. According to an interview with Leaf Hua Li, founder of Futu Holdings by Singapore Business Times, Nasdaq-listed trading platform Futu Holdings has established its Southeast Asian headquarters in Singapore and will enter the market in the region. This Internet brokerage application, backed by Tencent Holdings, can trade stocks, warrants, options and exchange-traded funds. On March 8, the company plans to launch an application called moomoo in Singapore, and plans to expand to Vietnam, Thailand and the Philippines. (Sina Finance)

Southeast Asia

The pre-market shares of Southeast Asian small Tencent Sea rose more than 7%, and Q4 fell short of expectations. According to Tiger Securities, Southeast Asia’s small Tencent Sea announced its 2020 Q4 and full-year results. Although revenue and net loss were not as good as market expectations, the three business units maintained synergistic and rapid growth, with major operating indicators operating at a high level. The previous stock price rose more than 7%.

Sea Group