And Grab said it will be profitable through take-out; Indonesian state-owned telecommunications company Telkom Indonesia’s venture capital firm MDI Ventures will raise $100 million; Russia’s largest supermarket chain launches online retail business on Ali’s platform
Southeast Asia
Heineken and Grab reached a strategic partnership in Southeast Asia. It was learned that Grab announced a partnership with Heineken to expand its online business and expand its business landscape. Heineken will use Grab’s cross-platform mobile, food, distribution and payment services to better meet its last mile of logistics needs, meet the needs of dealers and end consumers in the supply chain, and promote Heineken and cider The growth of business in Southeast Asia, while expanding sales and distribution channels.
Grab says it will make a profit by taking out. According to the report of Tencent Technology, foreign media said that Lin Kejie, the regional head of Grab’s food and beverage delivery business “Grabfood”, said: “We have seen tremendous growth in the food and beverage delivery business, we have all of them in Southeast Asia. Dispersed food and beverage take-away business, but has not completely covered the entire region.” Grab said that in June 2019, its GMV of the food and beverage take-out business increased by 900% year-on-year, and the number of take-away orders increased by seven times. The take-away business currently accounts for about 20% of Grab’s total transaction volume, compared to less than 5% in 2018.
MDI Ventures, a venture capital firm of Telkom Indonesia, a state-owned telecommunications company in Indonesia, will raise $100 million. According to the English website KrASIA, MDI Ventures said that it is not yet certain whether Telkom will raise funds for this fund. It is reported that Kookmin Bank, one of the largest banks in South Korea, is one of the latest investors of MDI Ventures. This will be the first time the fund has opened its doors to foreign investors.
India
Apple will invest $1 billion in India to expand the scale of iPhone manufacturing. According to the Phoenix Technology report, the Times of India quoted official sources as saying that Apple will invest $1 billion in India through its partners, and the capacity will be used to meet the global market demand for its products. Foxconn will be the investment partner of Apple’s latest initiative, and its Chennai plant will be used to manufacture products that Apple supplies to the global market. In addition, a range of Apple component suppliers will also invest in India to promote manufacturing in India. In this regard, Apple has not commented.
OYO Founder Ritesh AgarWal’s $1.5 billion stock repurchase program has been approved by the Indian Competition Commission (CCI). According to ET Tech, Agarwal will buy back shares from existing investors. It is reported that through the plan, Agarwal’s stake in the company will increase to the expected 30%. In addition, Ritesh Agarwal will invest another $500 million in the headquarters in Gurgaon.
The third fund of the Indian venture capital firm Lightbox Ventures completed $209 million in fundraising. According to DealStreetAsia, the funds raised have exceeded the $200 million target set by the fund in September 2018. It is reported that Lightbox Ventures was established in 2014, mainly for technology-related companies related to consumer investment.
Middle East
British online education company Teacherly raised $1.5 million to enter the UAE. According to Menaybytes, Atly Mahmood, co-founder and CEO of Teacherly, said the company is currently focusing on the UAE market in the Middle East and plans to expand its operations to Saudi Arabia and North Africa in the next two years. market. It is reported that Teacherly was established in 2016 as a collaborative curriculum planning and peer-to-peer education platform designed for teachers. The platform helps teachers plan and communicate online.
Other
The Pakistani network car and distribution company Bykea plans to raise $15 million by the beginning of 2020. According to DealStreetAsia, Bykea ended its $5.7 million Series A round of financing in April this year. It is reported that Bykea was established in 2017, aiming to provide customers with services such as internet, parcel delivery and errands through its APP. In the coming months, the company will also launch new services such as B2B logistics, cash and digital payments, and takeaway distribution.
Russia’s largest supermarket chain launched its online retail business on its platform. According to the Russian satellite news agency, the news office of the Russian Auchan Group, the Auchan Group of France, said that Auchan, the largest supermarket chain in Russia, is stationed in the Tmall e-commerce platform, targeting the Russian consumers. Tmall will open the sales business of non-food products in Auchan supermarkets from September 16. About 71,000 retail items to choose from, including electronics, household chemicals, cosmetics, pet supplies and more. Auchan is the first large Russian retailer to establish cooperation with Tmall. It plans to expand its delivery business throughout Russia in early 2020.
LG Display Inc. announced layoffs and does not involve Chinese factories. According to a report from Tencent Technology, foreign media said that South Korea’s LG Display Company implemented a voluntary layoff plan. Although the company also has business in the Chinese market, foreign media reported that layoffs are only for Korean factories. The background of the layoffs of LG Display is that the company is in a loss and needs to increase revenue and reduce expenditure. At the South Korean factory, LG monitors employ a total of 23,000 people. It is not known how many employees will be accepted by the company.
文 | 云晞@出海
编 | Zhao Xiaochun@出海
图 | Oriental IC