And Tiger Global will lead the round A financing of Vietnam’s B2B e-commerce startup Telio; Temasek bids $3 billion to bid for Singapore’s Keppel Corporation
Southeast Asia
“Singapore Little Red Book” Zilingo plans to invest $100 million to enter the US market. According to DealStreetAsia, Zilingo opened offices in New York and Los Angeles this summer and will consider expanding its sales and product teams in the region. Zilingo raised $226 million in the April round of funding. Existing investors such as Sequoia Capital, as well as new investors such as Temasek and EDBI, have participated in the round of financing. It is reported that the company’s valuation at that time was close to 1 billion US dollars. Founded in 2015, Zilingo addresses the “upstream” issues of the fashion supply chain industry, including procurement, software, data and financing. Its technology-driven solutions address five key areas: software, data science, financial services, sustainability and compliance.
Tiger Global will lead the round A financing of Vietnam’s B2B e-commerce startup Telio, the amount of which has not been disclosed. According to DealStreetAsia, Telio’s existing investor Sequoia Capital, as well as new supporters including GGV Capital, DST Global and Indian e-commerce unicorn Udaan, will join the round of financing. It is reported that Telio is one of the first startups to receive $1.5 million in financing from Sequoia accelerator Surge. Founded in 2018, the company aims to connect small traditional retailers with brands and wholesalers through its centralized platform.
Temasek is bidding $3 billion to bid for Keppel Corp. to gain control of the latter. According to DealStreetAsia’s Reuters report, Refinitiv’s data shows that as of March, Temasek has more than 21% of Keppel’s shares. Keppel said in a statement that a subsidiary of Temasek will acquire Keppel’s shares at a price of S$7.35 (approximately US$5.39) per share, a premium of approximately S$5.84 (approximately US$4.29). %.
Yummy cloud kitchen startup Yummy confirmed raising $7.75 million in funding. According to DealStreetAsia, this round of financing was led by Indonesian VCs SMDV and Intudo Ventures, East Ventures, Agaeti VeNtures and so on. Founded in 2017, Yummy is a subsidiary of Indonesian food and entertainment giant Ismaya. The company offers two main services: catering solutions and cloud kitchens.
Vietnamese asset management company VinaCapital is evaluating 21 private equity transactions with a total value of $626 million. According to DealStreetAsia, VinaCapital’s Vietnam Opportunity Fund recently released that 43% of transactions involve non-essential consumer goods, but also in the fields of healthcare, consumer staples, materials, industry and IT. Make an investment. Since its inception in 2003, VinaCapital’s private equity portfolio has exceeded its VN index by 10.5%.
India
OYO has opened the OTA platform SuperAgent for travel agencies. According to DealStreetAsia, SuperAgent will help OYO organize a list of pre-registered and verified offline travel agencies. Through this platform, customers can find the room with the best price. OYO Chief Operating Officer Gaurav Ajmera said that in the past four years, the company has established partnerships with about 12,000 travel agencies in India.
Latin America
Brazil SaaS Big Data Sales Platform Exact Sales received a $5 million real (over $3.6 million) cash investment from Astella Investimentos to enhance its platform services. According to Contxto, the company is the third Brazilian SaaS company invested by Astella Investimentos following the investment in Resultados Digitais and Omie. Currently, more than 2,000 companies have used their software platforms.
Other
Informed sources revealed that Softbank’s “rescue” financing plan would value WeWork below $8 billion. According to ET Tech, in January of this year, WeWork’s valuation was as high as $47 billion. Since the IPO lost, WeWork has been considering different financing plans from Softbank and JPMorgan Chase, and liquidity problems may occur as early as next month. Softbank and its subsidiariesWeWork currently accounts for just under a third.
Hurun Research Institute released “2019 Hurun Global Unicorn List”. It was learned that Hurun Research Institute released the first “2019 Hurun Global Unicorn List” today, with 494 companies on the list, with an average valuation of 23.9 billion yuan, of which China and the United States have more than 80% of the world’s unique angle. Beast company. Ant Gold, Byte Beat, Didi Travel, Info r, JUUL Labs, Lu Jin, Airbnb, SpaceX, WeWork, and Stripe are among the top ten global unicorns. There are also Chinese companies such as Weizhong Bank, Rookie Network, Jingdong Digital, Fast Hand, Dajiang, Jingdong Logistics, and Water Drop.
Aiqiyi Gongyu talks about the contents of the sea: exporting Chinese cultural products and services with a dowry. According to Sina Technology Report, during the 6th World Internet Conference, Yiqiyi founder and CEO Gong Yu said that the content is actually a difficult thing now, and the way of iQiyi is “band The dowry exports Chinese cultural products and services.” For example, if a movie is released overseas, the theater may not be worthwhile, the audience is few, and the TV series is the same, but with the Internet, the global economy is Unicom. The current problem is that for a small and medium-sized media, a country with a small population, technology may be a big threshold, so the content will be accompanied by technology.
Going to the sea
With China’s leading new business media, we are constantly looking at emerging markets in India, Southeast Asian countries, Latin America and Africa. From the perspective of the media, we put together the new global business landscape and presented it to the Internet people who are eager to “far away” in China, and escort them to the distant side.
We expect friends who like and pay attention to overseas markets to join us. Currently open positions include full-time journalists and operations.
* For details, see: is time to look at Going to the new global business map! I recruiting
文 | 云晞@出海;沉锅@出海
编 | Zhao Xiaochun@出海
图 | Oriental IC
