And Vulcan Capital, the venture capital firm founded by Microsoft’s late founder Paul Allen, will enter Southeast Asia and invest $100 million in local startups; PayU, an online payment service provider under Naspers, will acquire Indian credit company PaySense; Lala overseas version of lalamove has entered South America
Southeast Asia
Tiki, Vietnam’s second-largest e-commerce platform, acquired the online ticketing startup Ticketbox to create an “integrated” e-commerce ecosystem. According to KrASIA, Tiki’s CEO said the acquisition will enable Tiki to use Ticketbox’s results and technology, including a social network developed by Ticketbox for viewers to share, discuss, comment on movies and events, and Previous research in the field of big data and machine learning. Founded in 2010, Tiki is currently the second largest e-commerce platform in Vietnam. Previously, Jingdong and Vietnam’s unicorn VNG invested in Tiki. It is reported that Tiki plans to raise more than 100 million US dollars in the next round of financing.
Vulcan Capital, a venture capital firm founded by Microsoft’s late founder Paul Allen, has entered Southeast Asia and will invest $100 million in local startups. According to e27, the funds will be mainly invested in Southeast Asia, especially Indonesia, Vietnam and Singapore, seed round, A round and B round of financing startups. It is reported that Vulcan Capital and Ping An Capital participated in Grab’s $1 billion financing in August 2018, and Vulcan Capital also invested $60 million in the third fund of Waveman Partners, an early venture capital firm in Southeast Asia. In addition, Vulcan Capital will set up an office in Xinjiapo.
Vietnamese Internet company VCCorp is investing $30 million to build a new social media network, Lotus, or it will become a Facebook competitor. According to KrASIA, VCCorp hopes to raise about 20 million US dollars after the product goes online. It is reported that Lotus plans to debut in mid-September. The platform is designed to support content authors and provide features such as content authors interacting with users.
India
Pass U.S. online payment service provider PayU will acquire Indian credit company PaySense. According to ET Tech, PayU, worth $2.5 billion, is working on the main gameThe paid company has developed into a financial technology platform. It is reported that PayU bought the US financial technology company Wibmo for $70 million in April this year. According to people familiar with the matter, PaySense has been raising funds for its Series C financing. Currently, PayU has invested $11.5 million and holds approximately 20% of PaySense. If PayU completes the acquisition of PaySense, the latter will be valued at $60-70 million.
Mahindra & Mahindra Finance acquired a 58.2% stake in Sri Lanka Ideal Finance for (approximately $11 million) to expand overseas markets. According to DealStreetAsia, the deal is expected to be completed in March 2021. Ma Hengda said that Sri Lanka and India have similar cultural and geographical environments, and the country’s financial services market has great potential. The acquisition of Ideal Finance will help Ma Hengda expand its market in Sri Lanka. Mahindra & Mahindra Finance is a non-bank financial and financial institution (NBFC) that specializes in rural areas, providing customers with services such as tractor and car loans, small and micro enterprise loans and time deposits.
One plus announced that it will launch OnePlus TV in India in September. According to reports from IT House, OnePlus has announced that it will launch OnePlus TV in September, and the company also said it will start in India first. One plus founder and CEO Liu Zuohu said that OnePlus TV was first released in India because the company has a good relationship with the country’s content providers. As for other markets, Liu Zuohu mentioned that they will bring OnePlus TV to North America, Europe and China, provided they have strong content partners in these regions.
Latin America
The cargo puller overseas version lalamove has entered South America. It was learned that the cargo lala overseas version of lalamove has entered South America and completed the first order in South America on August 1. In mid-June 2019, the cargo pull-up plan to expand Brazil, and in early July the Kaesong team arrived in Sao Paulo, Brazil. Jeffrey, head of overseas business development at Lara, said that the development phase of the local freight market in Brazil is similar to the mainland China market before the arrival of the mobile Internet wave. The local Internet penetration rate is wider, but the penetration rate is lower.This is a market full of imagination and growth potential for cargo zippers.
Other
Samsung said it is confident that it will account for 65% of India’s high-end smartphone market. According to Tencent’s technology report, Samsung Electronics said on Tuesday that it will have a 65% market share in high-end smartphones (about RMB 3,000) by launching its flagship Galaxy Note 10 and Galaxy Note 10+ in India. Share. Ranjivjit Singh, senior vice president and head of mobile business marketing at Samsung India, said: “High-end smartphone sales are growing at a rate of 9% to 10%. We are growing at a strong double-digit rate and are expected to grow by more than 20%. ”
Korea plans to invest 4.7 trillion won in next year to promote the innovation and development of the four major industries such as the future automobile. According to Sina Financial News, South Korean Deputy Prime Minister and Minister of Planning and Finance Minister Hong Nanji said on Wednesday that the South Korean government plans to invest 1.7 trillion won in digital, network (5G) and artificial intelligence next year, on system semiconductors, bio-health, Future car investment is 3 trillion won. Specifically, the first phase will increase investment in data, networks, and artificial intelligence. In the second phase, we will invest in three new industries, system semiconductors, bio-health, and future vehicles, and strive for innovation in all industries.
Japan Aerospace Industry Robotics GITAI has received $4.1 million in funding from Spiral Ventures. According to DealStreetAsia, GITAI said they hope to raise $10 million in this round of financing. GITAI also said that the funds raised will be used to support the further development of GITAI mission-alternative robots, and they plan to provide demonstration models to the International Space Station (ISS) by the end of 2020. Spiral Ventures is an investment company focused on Japan and Southeast Asia.
Alibaba AliExpress landed on VKontakte, Russia’s largest social network. According to a report by Bloomberg, according to a statement released on Wednesday, VKontakte, Russia’s largest social network of Mail.ru Group, began to access Alibaba’s AliExpress in its mobile app. Users can search for merchandise, place orders, and complete payments without leaving the VK app. In the future, VK plans to build new social e-commerce products with AliExpress, including the user shopping experience, and to add Russian sellers and manufacturers to the e-commerce platform.
文 | 云晞@Going to the sea
编 | Zhao Xiaochun@出海
图 | Photos
