As well, Gojek was invested by AIA Indonesia, the amount was not disclosed; Lazada Philippines cooperated with Singapore-based online consumer lending platform AsiaKredit to launch the loan business of installment payment; the implementation of the 2019 platform seller’s sea plan, platform launch strategy upgrade
Southeast Asia
Lazada Philippines and Singapore’s online consumer lending platform, AsiaKredit, launched a loan business with installments. According to the English website KrASIA, the partnership will allow Filipino users who shop on the Lazada platform to purchase products through monthly installments. The payment method uses eShopaLoan, one of AsiaKredit’s three payment methods. Under the cooperation agreement, AsiaKredit will provide a $76-382 loan to Lazada Filipino users for a repayment period of six months. It is reported that AsiaKredit is an online consumer lending platform that provides users with small, short-term unsecured loans through its APP pera247.
OVO is valued at more than $2.9 billion and is the fifth unicorn in Indonesia. According to e27, it is reported that OVO has reached a value of $2.9 billion through the latest round of financing. Earlier this year, OVO’s former director Johnny Widodo said in an interview with CNBC Indonesia that the company’s valuation has exceeded $1 billion and can be called a unicorn. There are currently four unicorn companies in Indonesia: Gojek, Tokopedia, Traveloka and Bukalapak.
Indonesia’s state-owned e-wallet platform LinkAja enters the “Muslim economy.” According to the English website KrASIA, LinkAja has been officially certified by the Indonesian Islamic Law Commission at the Islamic Electronics Day Conference held in Jakarta last Monday and is expected to be launched in September this year. The new line of business LinkAja Sharia, LinkAja said the platform has 30 million users and aims to get at least 1 million LinkAja Sharia users by the end of 2020.
Gojek was invested by AIA Indonesia and the amount was not disclosed. According to DealStreetAsia, in addition to investing in Gojek, AIA Indonesia has also partnered with Gojek’s financial services division to provide insurance services to Gojek’s users, drivers and merchants.
India
A number of consumer Internet sector heads such as Ola, Lenskart and PolicyBazaar hope that the Securities and Exchange Commission of India (Sebi) will cancel the listing rules that the founder holds at least 20% of the company’s shares. According to ET Tech, Sebi holds at least 20% of founders (original stockholders) who typically hold between 6% and 9% or less. The requirements for equity are very strict. It is reported that the founders of Lenskart, Ola and PolicyBazaar hold 4-15% of the shares in their respective companies. After several rounds of financing, their stocks are also diluted. In addition, an industry representative said that in other markets such as the US or China, there is no requirement for the founder to hold at least 20% of the shares, so it is hoped that Sebi will consider the listing rules within the holdings of the founders.
OYO raised $200 million to expand its luxury hotel business in the United States. According to Livemint reported, OYO has been determined to focus on the development of the luxury hotel business in markets outside India. It is reported that the company purchased the Hooters Casino Hotel in Las Vegas last month and purchased 64 suites in Ahmedabad earlier this month and plans to redesign it into a four-star hotel. Hotel.
India’s focus on education lending company Varthana plans to raise $50 million in a new round of financing. It DealStreetAsia reports, informed sources said, Varthana May this year had raised an undisclosed sum of money amounts. It is reported that Varthana was established in 2013 to provide loans to private schools in India so that they can provide higher quality education for children in low-income and middle-class families. According to reports, Varthana has provided secured and unsecured loans to more than 3,500 schools.
Chiratae Ventures (formerly IDG Ventures India) set up $35 million in seedsfund. According to ET, Chiratae has set up a separate $35 million seed fund to invest in high-growth start-ups with a single investment between $5 million and $1 million. It is reported that India’s seed round and early investment field competition, Accel Parnter established an accelerator for entrepreneurs of the second venture ReBound, Sequoia Capital launched the accelerator Surge to help India and Southeast Asia start expansion business map. In addition to local funds, global funds such as GGV, Akatsuki Entertainment Technology, and Korean Investment Partners have become more active in India.
Latin America
Softbank led the Brazilian home furnishings e-commerce MadeiraMadeira’s $110 million D round of financing. According to DealStreetAsia, Softbank’s new funding for the company comes from its $5 billion Latin American fund launched in March, which is aimed at banks, real estate, household items and Delivery services and other industries. It is reported that the company said it will use the proceeds to improve technology, logistics and customer service.
Middle East
Responsible release of the 2019 platform sellers to go to sea plan, platform launch strategy upgrade. It was learned that the launch of the open platform sellers’ conference will be held. Wan Guoping, senior vice president of the company, said that the platform upgrade strategy is upgraded. From the self-operated platform to the open platform, the focus is on the domestic market, and the domestic shipments are upgraded to overseas orders. On the model, overseas stocking; in the mode, from the distribution of goods, the sale of goods to a boutique, create a brand. In addition, Chen Haichun, director of the Open Platform, also said that the test showed that the average GMV of the open platform increased by more than 50%, and the peak of the fourth quarter increased by 100%.
Other
Ant Bank (Macau) announced the official launch of Alipay Macau’s e-wallet service. It was learned that Ant Bank (Macau) announced the official launch of Alipay Macao’s e-wallet service. From now on, Macao residents can use their mobile phone number in Macao to register their account with Alipay App, open their own Alipay account, and pay MOP. . In addition, in the “Taobao” shopping through Alipay payment, using MOP billing, can also be free of charge. Previously, Macao consumers needed real-name certified mainland mobile phone numbers and bank accounts to use Alipay.
文 | 云晞@出海;郭辰@出海
编 | Zhao Xiaochun@出Sea
图 | Oriental IC
