And, the Gurgaon home business startup UrbanClap’s latest valuation of 933 million US dollars, will soon rank among the unicorns; Swedish financial technology company Klarna completed 450 million US dollars financing, after the investment valuation of 5.5 billion US dollars; Singapore to strengthen the supervision of the taxi platform < H3>Southeast Asia
Samsung plans to acquire a 25% stake in Vietnam’s second largest IT company in areas such as AI and the Internet of Things Cooperation. According to foreign media reports, Samsung Electronics has decided to acquire a 25% stake in CMC Corporation, Vietnam’s second largest IT company. Samsung SDS, a subsidiary of Samsung Electronics, will acquire equity in the near future. The two sides did not disclose the amount of the acquisition, but according to Vietnamese media reports, this will be the largest investment in foreign companies’ history of Vietnamese IT companies. The two sides will cooperate in areas such as AI and the Internet of Things, first providing new services to Korean companies in Vietnam. CMC will leverage Samsung’s investment to expand its presence throughout Southeast Asia. Representatives of Samsung SDS will join the CMC Board of Directors to share resources such as business strategy.
Singapore strengthens supervision of taxi platforms. According to Bloomberg, Singapore will strengthen supervision of ride operators such as Grab and Gojek, and introduce relevant safety regulations to better protect commuters and drivers. Singapore’s Senior Transport Minister Janil Puthucheary said that a carrier with at least 800 cars will be licensed and that the taxi will receive another license. According to a joint statement by the Land Transport Authority and the Public Transport Commission, unlicensed operators face a fine of up to $7,200.
Vietnamese taxi software Be launches courier service. Be joined the taxi market in November 2018 and currently provides taxi services in seven Vietnamese cities and provinces. Be said that there are 30,000 drivers and 200,000 rides a day. Currently, the company is offering two new delivery services.: BeExpress for e-commerce and beDelivery for individual users and SMEs. Be and FastGo are two of the most noteworthy taxi applications in Vietnam and can challenge the dominance of Grab and Gojek.
India
Gurgaon Home Economics Company UrbanClap The latest valuation of 933 million US dollars, will soon rank among the unicorns. UrbanClap recently completed a $75 million E round of financing, a step closer to becoming a unicorn. At present, the company has received some E rounds of funds.
Softbank or investment India shares travel areas. It is reported that Softbank has discussed with the Indian sharing motorcycle company Bounce, Vogo and India car rental platform Drivezy, but has not indicated the investment intention. Bounce previously raised approximately $1.45 million in debt from BAC Acquisitions, Flipkart co-founder Sachin Bansal. In June, Vogo continued to raise two rounds of investors, including Myntra CEO Ananth Narayanan, Alteria Capital and others. Before, Softbank has invested more than $10 billion in India’s start-up ecosystem.
Indian Telecom executives: India will take 12 to 18 months to launch 5G . According to foreign media reports, an executive of India’s Badi Group said that it will take at least a year for India to launch a 5G high-speed mobile Internet. The Badi Group is the parent company of Bharti Airtel, India’s leading telecommunications operator. The executive said that the launch of India’s 5G “should still have 12 to 18 months,Even longer. It is expected that India will conduct installation trials for the next generation 5G mobile network in the coming months.
Latin America
Drips are officially launched in the Chilean capital. Drip entered the Valparaiso region of central Chile in early June this year, and has recruited more than 16,000 drivers. In addition, the recruitment of Didi drivers in San Diego is still in progress. 90% of the employees of the Chilean team are locals, and the team works with Didi Beijing headquarters and the American Academy to create localized security and experience functions.
Other
Sensor Tower July China Mobile Games Publishers Overseas Revenue Ranking: Tencent, Netease Top 2. It was learned that the Sensor Tower store intelligence platform showed that in July 2019, Chinese mobile game publishers in the global App Store and Google Play revenue rankings list of 30 mobile game publishers in July, the global absorption of more than 1.42 billion US dollars, It won 27% of the total global mobile game revenue in the current period, among which Tencent, Netease, FunPlus, Lilith, and Sanqi were ranked in the top five.
Pakistani transportation startup Airlift completed $2.2 million seed round financing. This round of financing was jointly led by Pakistan’s largest conglomerate, Fatima and Gobi Ventures. According to relevant data, this is the largest seed round ever acquired by Pakistani startups. It is reported that Airlift is established for 8 months, users can choose the pick-up location, browse the route to book seats through their application, and track the bus route in real time.
Swedish financial technology company Klarna completed $450 million in financing, with a post-mortem valuation of $5.5 billion. After the completion of this round of financing, Klarna became Europe’s most valuable financial technology startup. Founded in 2005, Klarna is a payment system developer that provides payment solutions for e-commerce platforms. The company’s payment system can run on third parties. Websites and apps, users can use the company system to pay for purchases or apply for consumer loan installment services. According to Crunchbase data, the company has raised a total of 775 million US dollars before the current round of financing.
