Focus on the globalization events of Chinese companies this week.
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The globalization events of Chinese companies worth watching this week
Mi Q3 rose against the trend, and the global smartphone market share entered the top three. According to the international market research organization Canalys released the Q3 quarterly tracking report of the global mobile phone market, global smartphone shipments decreased by 1% year-on-year in Q3 2020, but increased by 22% month-on-month. The biggest change among the top manufacturers is Xiaomi, whose shipments rank third in the world. This is the second time Xiaomi has entered the top three in the world after 2014, an increase of 45% year-on-year. Q3 Global mobile phone shipments reached 348 million units.
Xiaomi Q3 continued to top the Indian mobile phone shipment list. According to data from Canalys, a third-party organization, in Q3 of 2020, India’s smartphone shipments reached the highest level in history, about 50 million units. Among them, Xiaomi continued to top the list, ranking first with 13.1 million units, with a market share of 26.1%, a year-on-year increase of 9%. Samsung followed closely with shipments of 10.2 million units, a year-on-year increase of 7%; ranked third to fifth, namely vivo, Realme and OPPO, with shipments rising.
Wantuo Technology, a consumer brand of overseas science and technology innovation, completed Sequoia China’s 300 million yuan A round of financing. It is learnt that VanTop, a consumer brand of overseas technological innovation, recently completed a round A financing of 300 million yuan. It is reported that this round of financing was exclusively invested by Sequoia Capital China Fund, with Xinghan Capital acting as the exclusive financial advisor. Shenzhen Wantuo Technology Innovation Co., Ltd. was established in 2017, mainly engaged in consumer product research and development, design and sales.
Education Technology is expected to complete its IPO in the United States within this year. According to the news of the IPO, K12 intelligent education platform “Yiyi Education Technology” recently submitted an F-1 IPO document to the US Securities and Exchange Commission, and plans to complete its IPO in the United States before the end of 2020. Yiyi Education Technology was founded in 2011. Since its establishment, Yiyi Education Technology has completed 7 rounds of financing, with a total valuation of US$3 billion.
Must read the fine articles of the sea this week
Tata is the most influential in IndiaOne of the most powerful companies, the group is involved in multiple business areas. But in the e-commerce field that has been thriving over the years, Tata has kept a rather low profile. After failing to test the waters in 2016, the veteran giant has maintained a wait-and-see attitude towards the e-commerce field. However, the frantic financing of the old rival Reliance Group and the heavy injection of the e-commerce industry have undoubtedly “stimulated” Tata to a certain extent. Finally, Tata bowed into the game. In the e-commerce field where there are many experts, how can Tata bend overtaking? This article will analyze for you one by one.
East from us. | The ambitious Chinese game “Small Factory”
Global New Economic Events
Indonesian e-commerce unicorn Tokopedia wonGoogle and Temasek injected US$350 million in capital. Bloomberg reported that, according to people familiar with the matter, Google and Temasek have agreed to inject US$350 million in Indonesian e-commerce platform Tokopedia. At the same time, Tokopedia is still negotiating with companies such as Facebook, Microsoft and Amazon in the United States in order to obtain more investment.
Indonesian telecommunications company Telkomsel plans to invest US$150 million in Gojek, a super app in Southeast Asia. According to Tech in Asia reports, people familiar with the matter said that Indonesian telecom giant Telkomsel plans to invest US$150 million in the Southeast Asian super app Gojek through the purchase of convertible bonds. Gojek started as a taxi-hailing software and gradually grew into a super application that integrates multiple functions. Previously, Gojek raised a fund from companies such as Tencent, Facebook and Google in the F round of financing.
Indian financial institution Finova Capital completed a US$55 million financing. According to YOURSTORY report, Finova Capital, a non-bank financial institution headquartered in Jaipur, India, announced a USD 55 million capital injection, of which USD 35 million came from Sequoia India and Faering Capital, and the remaining investors injected USD 20 million. Finova Capital was established in 2016 and is committed to providing convenient and flexible loans to small and micro businesses. The funds will be used to expand Finova Capital’s business.
Twiga Foods, a Kenyan agricultural product distribution platform, received a US$30 million injection. According to Tech in Africa reports, the Kenyan agricultural product distribution platform has recently received a capital injection of 30 million U.S. dollars, of which the International Finance Corporation (IFC) invested 15 million U.S. dollars, and the remaining funds will be raised through the risk-free sharing mechanism (Risk Sharing Facilities). Founded in 2014, Twiga is committed to achieving convenient distribution of fruits and vegetables within the country through technology.
Text｜Ren Jia@出海
Picture｜Picture Worm
