And, Xiaomi: More than 12 million products were sold during the Diwali festival in India; Foodpanda Singapore launched “on-demand” groceries, flowers and daily necessities.
Southeast Asia
Gojek Xcelerate’s second-choice list was announced. According to e27, Gojek Xcelerate is divided into four phases and lasts for half a year. Previously, the first issue focused on the vertical field of machine learning. In this issue, we focused on technology startups founded by women, and selected 10 start-ups from 86 applications. They will participate in a series of activities such as training camps, mentoring courses, presentation days, promotion activities and online courses.
Southeast E-commerce Shopee is stationed in Brazil to open an online store. According to Tech in Asia, Shopee’s business expansion in Brazil is its first foray into markets outside of Asia. It is reported that Shopee’s business covers markets including Singapore, Malaysia, the Philippines, Indonesia, Taiwan, Thailand and Vietnam. The data shows that compared to 2017, Brazil’s e-commerce market grew by 12% in 2018, with annual revenues of $15 billion. This year’s revenue is also expected to reach $16.8 billion. According to the report, if Shopee officially landed in Brazil, it will compete with Mercado Livre, the Argentine company Mercado Libre, and Amazon Brazil.
Foodpanda Singapore launches “on-demand” groceries, flowers and essentials delivery services. According to e27, Foodpanda, a German-based food distribution service platform, launched a new on-demand delivery service in Singapore. It is reported that by working with more than 1,000 retailers nationwide, customers can now order convenience products, groceries, beauty and baby care products and deliver them to their homes in 25 minutes.
India
Millet: More than 12 million products were sold during the Diwali festival in India. It was learned that Xiaomi, vice president of Xiaomi and general manager of Xiaomi India, said that Xiaomi sold more than 12 million products during the Diwali sales in India (September 28-October 29), an increase of over 40% year-on-year. Among them, mobile phone sales exceeded 8.5 million; TV sales exceeded 600,000, sales increased by 48% year-on-year; eco-chain products sold more than 3 million, and eco-chain products sold year-on-yearGrowth of 42%.
Indian logistics and distribution startup ElasticRun has completed $40 million in financing. According to ET Tech, this round of financing was led by Naspers’ venture capitalist Prosus Ventures (formerly Naspers Ventures), with existing investors Avataar Ventures and Kalaari Capital. ElasticRun was founded in 2016 by former Amazon India executives and has a light asset transportation network for the consumer goods, online retail, manufacturing, automotive and hospitality industries.
Indian online home design platform enters Brazil and injects $30 million. According to Yourstory, Singapore is the first stop for Livspace to expand its business in the Asia Pacific region. It is reported that Livspace is headquartered in Bangalore and is committed to providing users with a home design and decoration platform. The company’s automation platform provides end-to-end customer service. The startup works with 3,500 registered designers
British media: Apple launched the “India Assembly” iPhone XR. According to the reference news network, foreign media said that Apple has begun to sell the popular iPhone XR mobile phone assembled in India, the company hopes to expand its share of the world’s second largest smartphone market. According to the report, on October 29, the iPhone XR box with the “Assembled in India” label can be seen in many electronics retail stores in India, priced at 64GB INR 49,900.
Latin America
Colombia food technology startup MUY completed 15 million B rounds of financing. According to Techcrunch, the round of financing was led by the US-based ALLVP, and MUY’s existing investor, Seaya, voted. After completing this round of financing, the total amount of MUY fundraising reached $20.5 million. It is reported that MUY is a Mexican-style restaurant offering dine-in and take-away business. In addition, MUY has a virtual kitchen and smart chef system that uses AI to predict the demand for ordering. MUY will use the funds raised in this round for business expansion in the Brazilian and Mexican markets.
Other
Japan Media: Google is expanding its investment in Taiwan and plans to expand its data center. According to the reference news network report, Japanese media reported that the relevant institutions in Taiwan approved on October 28 the increase in the amount of NT$26 billion from the US local legal person in Taiwan.The program will be used in Taiwan to expand data centers and strengthen investment business. US IT companies have seen an increase in investment and procurement in Taiwan.
UnionPay Business shares in Smartro, Korea. According to the report of Chinanews.com, UnionPay International Holdings Co., Ltd., a subsidiary of UnionPay Business Co., Ltd., officially signed a contract to participate in Smartro, a subsidiary of Korea BC Card Company. The two parties will be in the fields of smart convenience supermarkets, intelligent terminals, marketing, etc. Carry out more in-depth cooperation. This is another overseas equity acquisition completed by UnionPay Business after acquiring the entire equity of Japan MerchantSupport Co., Ltd. and its subsidiaries in 2017.
文 | 云晞@出海;锅沉@出海
编 | Zhao Xiaochun@出海
Picture|Pexels
