And the cross-border e-commerce self-built platform “Shoptago” received 8 million strategic investments; Flipkart added more than 50,000 jobs; Ola raised $5 million in J round financing
Southeast Asia
Malaysia C2B used car online trading platform Carsome plans to enter the Philippines next year. According to DealStreetAsia, Carsome currently operates in four markets: Indonesia, Singapore, Thailand and Malaysia. It is reported that Carsome may find a partner in the Philippines to enter the Philippines market. In addition, the Philippines handles 400,000-500,000 used car orders per year, similar to the Malaysian domestic market.
Singapore Rental Platform Cove raised more than $2 million in seed rounds. According to DealStreetAsia, the financing was led by Venturra Capital, Investigate and Yuj Ventures. It is reported that Cove aims to provide residents with apartments, as well as platforms for surrounding facilities and services, such as Wifi, weekly cleaning services and more.
India
Tencent Investment invested US$150 million and received a 10% stake in PolicyBazaar. According to a report from Zhitong Financial Network, informed sources revealed that Tencent has invested US$1.3-150 million in Etechaces Marketing and Consulting, the parent company of PolicyBazar, an Indian financial technology startup. Tencent is expected to receive a 7% to 10% stake in PolicyBazaar, which has a valuation of $1.5 billion in this round of financing.
Ola raised $5 million in J-round financing from the ARK Ola Pre-IPO Private Investment Trust. According to ET Tech, Ola’s valuation is about $6.3 billion. It is reported that the ARK Ola Pre-IPO Private Investment Trust fund is supported by ARK Impact, a wealth management company based in Seoul. The report said that Ola is preparing for the listing.
India IT Consulting and IT Service Management Company Wipro will work with Brazilian financial services agency FebrabanCooperative development of online platforms. According to Livemint, Wipro said it will develop an online platform for the financial services industry in Brazil, Noomis. It is reported that the platform aims to change the way of cooperation and information sharing between enterprises through digital cloud technology. In addition, Wipro has offices in Argentina, Brazil, Chile, Colombia and Mexico.
Haptik, a chat robot company owned by Reliance Industries of India, acquired the Indian AI online dialogue platform Buzzo.ai. According to Yourstory, Buzzo.ai was founded in 2016 as an intelligent customer service company that provides AI customer service to e-commerce and retail customers. It is reported that through the acquisition of Buzzo.ai, Haptik can improve its AI solution.
Flipkart prepares for the Big Billion Shopping Festival and the sales season, adding more than 50,000 jobs. According to ET, Flipkart has added more than 50,000 jobs to the supply, customer support and logistics departments.
Other
Ant Jinfu CEO Jing Xiandong: Alipay has more than 1.2 billion users worldwide. It was learned that at the Alibaba Investors Conference, Ants Jinfu Chairman and CEO Jing Xiandong announced that as of June 2019, Alipay and its local wallet partners have served more than 1.2 billion users worldwide. In just half a year, Alipay, together with local wallet partners, achieved a strong growth of 20% of the global number of users thanks to continuous innovation, focus on technology and open platform strategy.
Alibaba has entered into a strategic partnership with JR West Japan. It was learned that Alibaba and West Japan Railway Company (JR West Japan) reached a strategic cooperation, JR West Japan will deeply interact with Alibaba Eco-flying pig, Alipay, Tmall International and other brands, covering tourists before and during travel, After the trip, the tourism resources such as sightseeing trains, hot springs, food, and attractions in West Japan will be brought to Chinese consumers.
Shoptago, a cross-border e-commerce self-built platform, received a strategic investment of 8 million. It is learned that “Shoptago” has completed 8 million financing recently, and this round of investors comes from the cross-border e-commerce website platform Ueeshop, this round of financing will be used to accelerate the optimization of user experience and the development and marketing of the App management platform. Shoptago is a cross-border e-commerce based on SaaS architecture. The self-built platform helps Chinese sellers to quickly set up an e-commerce independent station. It is also known as “Creating a Store” in the internal testing stage. It has completed the internal testing and has been officially launched.
Report: Mobile payment utilization is 2.7 times higher in Korea. According to the report of Zhongxin Jingwei, a report released by the Korea Representative Office of the Korea Trade Association on the 23rd shows that China’s smartphone penetration rate (69%) is lower than that of South Korea (94.1%), but mobile payment utilization is high. 71.4% is 2.7 times that of South Korea (26.1%). According to the report, the amount of mobile payment transactions in China increased from 6 trillion yuan in 2014 to 190.5 trillion yuan last year, a sharp increase of about 31 times in four years. Compared with this, China’s last year’s credit card, debit card and other credit card transactions were much lower than the mobile payment transaction amount, only 38.2 trillion yuan.
Samsung Electronics and China Unicom signed a strategic cooperation agreement in Seoul. According to the World Wide Web report, Samsung Electronics and China Unicom recently signed a strategic cooperation agreement at Samsung Electronics Headquarters in Seoul, South Korea. The two sides will carry out multi-level and multi-field strategic cooperation on the basis of existing cooperation. Co-constructed a 5G terminal innovation joint R&D center to contribute to the success of the 2022 Beijing Winter Olympics.
文 | 云晞@出海
编 | Zhao Xiaochun@出海
图 | Oriental IC
