In addition, Softbank has invested another US$4 billion to US$5 billion to directly control WeWork; Grab has partnered with Ping An Doctor to launch “Grab Health” to capture the Indonesian health market.
Southeast Asia
Grab partnered with Ping An Good Doctor to launch “Grab Health” to capture the Indonesian healthcare market. According to the English website KrASIA, Grab said that the cooperation with Ping An Doctor began in August 2018 and entered the health field through a joint venture with the latter. It is reported that Grab Health provides online health consultation, drug delivery and other health related services. Grab Health is currently in beta and is only available to 10% of Grab users. This feature will be released to all users gradually and will be officially launched at the end of this year (possibly in November).
Cambodia OBOR Capital invests in Delishop.Asia, the country’s largest grocery e-commerce platform, with no specific disclosure. According to the English website KrASIA, Delishop.Asia was established in 2015 and is the first online supermarket in Phnom Penh, Cambodia. The platform offers more than 8,000 consumer products such as food, beverages, cosmetics and more. In addition, OBOR Capital is a venture capital and project management company also from Phnom Penh. The company invests primarily in small and medium-sized businesses and start-ups in Cambodia and other emerging markets.
India
India digital payment company MobiKwik declined to negotiate a deal with Naspers’ PayU and hopes to receive new capital injections. According to DealStreetAsia, there have been reports that PayU, a digital payment company owned by Naspers, intends to acquire MobiKwik’s payment business “Zaakpay” for US$50-60 million. It is reported that MobiKwik was established in 2009 and has raised nearly $120 million from investors including Sequoia Capital, American Express and Net1.
YouTube India claims that 60% of users are from smaller towns. According to the English website KrASIA, YouTube India said that 60% of its users are from small towns in India, and more than 95% of the content is in the local language. It is reported that there are nearly 460 million Internet users in India and about 230 million native language viewers. According to the YouTube side, there are more than 60 local language channels with between 500,000 and 1 million users.
Blackstone Group LP has invested more than $12.6 billion in private equity and real estate in India and plans to exceed $13 billion by the end of the year. According to DealStreetAsia, people familiar with the matter said that as of the end of September, Blackstone had invested $3.6 billion in India this year.
Latin America
Colombia on-demand errand Unicorn Rappi announced his entry into Costa Rica and has injected $2 million. According to Contxto, Rappi’s business covers Argentina, Brazil, Chile, Colombia, Mexico, Peru and Uruguay, and has 13 million users. This move into Costa Rica is the first time Rappi has expanded its business to Central America. It is reported that in order to ensure the improvement of its grocery delivery capabilities, Rappi also cooperates with Costa Rican startup Moovin, which will provide vehicles and drivers. The current meal delivery will be Rappi’s main business. So far, there are about 450 Costa Rican restaurants working with them.
Middle East
Arab Alipay WPay has received Softbank China investment. According to the hunted cloud network report, WPay (Arab Payment) received Soft Capital China Capital Investment. WPay supports the full range of online and offline mobile payment, and launches a new “cash” service in the Arab region, allowing users to recharge in cash at their nearest service point to solve local no-card (bank card, credit card). The user’s mobile payment is bothersome. At present, the number of WPay offline recharge merchants has reached nearly 10,000, covering the six countries of the Gulf (Saudi Arabia, United Arab Emirates, Kuwait, Qatar, Bahrain, Oman) and Arab countries such as Iraq.
The United Arab Emirates HR solutions and insurance service provider Bayzat completed $16 million in Series B financing. According to Menabytes, the round of financing was led by Mubadala’s new MENA fund and US-based Point72 Ventures. Saudi Arabia’s Elm and Tech Invest Com, the US’s Endeavor Catalyst and London’s Greyhound Capital also participated in the round of financing. It is reported that Bayzat raised a total of $31 million. This makes it one of the most funded start-ups in the region. Founded in 2013, Bayzat aims to provide human resources and insurance solutions for small and medium-sized businesses and start-ups.
Other
Softbank will invest another $4 billion to $5 billion to directly control WeWork. According to Sina Financial News, sources said that Softbank, led by Sun Justice, plans to invest between $4 billion and $5 billion in new financing and existing stocks. The transaction is valued at $7-8 billion in WeWork’s prefinancing and may be announced as soon as possible on Tuesday. After this financing, Softbank will own up to 70% of WeWork, and Softbank will directly control the company. Some of the new financing will involve debt financing for the option card.
WeWork founder Neumann will abandon the board of directors. According to Tencent Technology, foreign media said that Japan’s Softbank Group is preparing to take over WeWork directly through large-scale investment, while Softbank Group plans to pay $200 million to Neumann to resign as a director. According to sources, Neumann will give up its seat and voting rights on the WeWork board as part of the Softbank Group’s aid investment agreement. In addition, another condition of the agreement is that Neumann supports Softbank Group to take over WeWork.
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 recruit people
文 | 云晞@出海;沉锅@出海
编 | Zhao Xiaochun@出海
图 | Photos
