As well, YY’s overseas video social platform BIGO Technology provides content review services in overseas markets; the third (flagship) fund Fund-III of DSG Consumer Partners, an early venture capital firm, completed a $65 million fundraising; Didi denied that it will enter South Korea
Southeast Asia
Grab announced that it will invest $500 million in Vietnam to promote the development of the local digital economy. It is learned that Grab Holdings International announced today that it will invest 500 million U.S. dollars in Vietnam in the next five years to promote financial technology, new forms of transportation services and logistics innovation to promote the development of the local digital economy and bring local numbers to Vietnam. Millions of new jobs. According to the official report, Grab announced that the $500 million investment will be used to launch the company’s new business in Vietnam to expand its service network in transportation, take-out and payment, while Grab will actively explore its mobile solutions and financial services. And new opportunities in the pan-logistics industry.
YY’s overseas video social platform BIGO Technology provides content review services in overseas markets. According to KrASIA, BIGO provides the Indonesian government with a review technology that can filter illegal Internet content. At the same time, the company is also exploring cooperation with authorities in Vietnam, Egypt, India and the Middle East. It is reported that BIGO is a Singapore-based social media company. In March of this year, China’s live social networking company YY (Happy Times) announced the completion of its wholly-owned acquisition, the total transaction amount is about 1.45 billion US dollars. In addition, BIGO’s AI content review system analyzes images and has 99% accuracy in identifying illegal content such as violence and terrorism.
Singapore granted Alibaba AI patent for approval for only three months. According to Bloomberg reports, the Intellectual Property Office of Singapore said in a statement that Singapore granted an AI patent to Alibaba Group within three months, compared to an average approval period of two. In four years.
C88 Financial Technologies, a Singapore-based financial technology company, acquired Indonesian data analysis company IDX Optus. According to KrASIA, IDX Optus is an Indonesian company providing information management, credit decision making and data analysis. It has been providing data analysis services to the Indonesian financial, telecommunications and retail industries. It is reported that the acquisition of IDX Optus marks that C88’s focus in the next five years will be on data, analysis and machine learning. In addition, IDX Optus’ operations and employee teamsIt will be merged with C88’s operations and staff teams and will operate in the Philippines in early 2020.
India
The third (flagship) fund Fund-III of DSG Consumer Partners, an early venture capital firm, completed $65 million in fundraising. According to ET Tech, DSG is an investment company focused on consumer startups and brands in India and Southeast Asia, with assets under management of approximately $200 million. It is reported that Fund-III will seek investment opportunities in personal care, infants, pets, alcohol, snacks, vitamin supplements, tourism and hotels, financial services, health, women’s technology and sexual health.
Paytm focuses on healthcare payments to expand its user base. According to Livemint, Paytm aims to create a first payment mechanism for doctors to help them use Paytm to collect consulting fees and pay for the purchase of medical supplies. Paytm founder Vijay Shekhar Sharma said Paytm offers a QR code that can be reused in different places because doctors need to go to different hospitals to pay for doctors. It is reported that there are about 14 million merchants using Paytm service, and the company plans to increase the number of merchants to 24 million in this fiscal year.
Tiger Global may invest in Indian security management company MyGate, B2B business platform Infra.Market and SaaS company UrbanPiper. According to DealStreetAsia, Mint reported that as of last month, Tiger Global had invested about $300 million in 13 startups in India. It is reported that Tiger Global has made 8 investments in 2018 and 6 investments in 2017.
Africa
Standard Bank, South Africa’s largest commercial bank, led a $4 million financing from South African financial technology startup Nomanini and partnered with the latter. According to Disrupt Africa, Nomanini was founded in 2010 to provide a payment platform for African informal merchants and micro-business owners. Nomanini meterExpand its financial services to provide remittances, insurance and other products in the future. It is reported that Standard Bank will use Nomanini’s payment platform to collect informal retail economic data that was previously unavailable. According to Standard Bank, about 86% of merchants in sub-Saharan Africa are informal.
Other
Drip denied will enter Korea: There is no relevant intention at present. According to the media reports of titanium, in response to the report that Didi will enter Korea, Didi responded that the report is not accurate, and there is no relevant intention at the moment. Earlier, it was reported that Didi travel plans to enter the Korean market next year and launch a taxi platform. South Korea’s future five-star group said that the company is planning to set up a Korean subsidiary next year with Didi.
Adyen, a Dutch payment technology company, announced a global payment agreement with Alipay. According to Bloomberg reports, Dutch payment technology company Adyen announced a global payment agreement with Alipay. Through this cooperation, Adyen will facilitate payment for AliExpress, Taobao, Tmall and Alibaba.com networks outside mainland China.
文 | 云晞@出海
编 | Zhao Xiaochun@出海
图 | Photos
