And, IDC: India’s smartphone market Q3 shipments were 46.6 million, Xiaomi, Samsung, and vivo ranked in the top three; electronic payment company Interswitch or Nigeria’s first technology unicorn company.
India
Yes Bank completed 415 million Unified Payments Interface (UPI) transactions in October this year. According to Inc42, in October 2019, India’s UPI transactions broke the 1 billion mark, and 80% of transactions were completed by five Indian commercial banks, including National Bank of India, HDFC Bank, Axis Bank, ICICI Bank. And Yes Bank. Paytm Payments Bank followed closely with 200 million UPI transactions.
Paytm, which has been invested by Softbank and Ali, plans to invest $70 million in technology startups. According to DealStreetAsia, the company said on Monday that the move aims to integrate the technology of the invested company into the Paytm digital ecosystem, helping it become an AI technology leader.
Singapore Qoo10 After the acquisition of ShopClues, Paytm Mall and Snapdeal are competing for the third spot in the Indian e-commerce market. According to DealStreetAsia, experts said that the business models of the two companies are very similar, and they are also the market for sellers. The focus of the business is to integrate small and medium-sized sellers into the platform and cut into the market with low profits.
IDC: India’s smartphone market Q3 shipments were 46.6 million units, and Xiaomi, Samsung and vivo ranked in the top three. It is reported that IDC data shows that in the third quarter of 2019, India’s smartphone shipments were 46.6 million units, up 9.3% year-on-year, including Xiaomi (12.6 million), Samsung (8.8 million), and vivo (710). 10,000 units, realme (6.7 million units), and OPPO (5.5 million units) ranked the top five in terms of shipments.
B2B E-Commerce Unicorn Udaan launched Udaan Pay, joining the Indian Unified Payments Interface (UPI) to pay for the war. Inc42 was informed that Udaan has been testing its mobile payments for the past six months and will be in the Delhi-NCR region and other cities in the coming months. Udaan Pay also uses QR code and has been approved to work with YesBank for UPI payments.
SnapdeAl is negotiating with investors and plans to raise $100 million. According to ET, the round will be Snapdeal’s first large-scale financing in three years, with Merrill as a consultant. According to sources, the current round of Snapdeal valuation is between 800 million and 1.2 billion, the company’s current net income is about 140 million US dollars. Snapdeal announced to new investors that Softbank has joined the round and plans to invest about $50 million. Snapdeal’s last round of financing was completed in February 2016, when the company was valued at 6.5 billion.
Indian Diwali promotion “rekindled” the weak auto industry. According to ET, the retail sales of passenger cars increased by 13.9% in October compared with the same period of the previous year. The overall sales of the industry increased by 7.9%. However, the sales of commercial vehicles decreased by 23.5%, including trucks and buses. Sales of medium and heavy commercial vehicles were reduced by half compared to October last year.
Southeast Asia
Mastercard announces the launch of the Fintech Express project in the Asia Pacific region. According to YourStory, Fintech Express plans to provide a team of partners to cross-functional experts to provide support in products, certificates and laws.
Singapore venture capital company Beenext plans to raise $100 million for its new fund. According to Tech in Asia, Beenext received $8 million in investment from an investor in October. Beenext’s investment business covers India, Southeast Asia, Japan and the United States. Previous investments include Singapore’s fashion e-commerce Zilingo, Indonesia’s B2B e-commerce platform Ralali, Indian agricultural technology company Cropin, Vietnam e-commerce Sendo and Japanese human resources service provider SmartHR .
Singapore Recruitment Platform Workmate completed $5.2 million in Series A financing. According to DealStreetAsia, this round was led by Atlas Ventures, followed by Gobi Parnters and Beacon Venture Capital. Since its launch in January 2016, Workmate has raised $10 million in financing and currently covers offices in Bangkok, Jakarta and Bali.
Latin America
Google established a second Latin American data center in Uruguay. According to ContXto reports that Google currently has 14 data centers worldwide, another Latin American data center in Chile, six in the US, three in Europe and Asia. Currently, Uruguay is one of the largest software exporters in Latin America.
Middle East
The UAE cargo platform Trukker will complete the $23 million Series A financing and will enter the Egyptian market. According to MenaBytes, this round was led by Saudi Technology Ventures, including International Finance Corporation (IFC), Endeavor Catalyst, and Middle East Venture Partners. It is reported that this round is the largest A round of financing in the freight industry in the Middle East and North Africa. According to the company, the platform has more than 15,000 trucks on the line.
Youbi Technology has signed a 2.5 billion AI education project cooperation agreement in the international market. It was learned that on November 11th, in Abu Dhabi, the capital of the United Arab Emirates, Ubunt Technology signed with the Royal Strategic Partners LLC (RSP) affiliated with Abu Dhabi Capital Group. AI Education Project Cooperation Agreement. The amount of this cooperation project reached US$362.4 million and will be implemented in four years. It will build an artificial intelligence teaching laboratory for 1310 primary and secondary schools in 7 emirates in the United Arab Emirates.
Africa
Electronic payment company Interswitch or the first technology unicorn company in Nigeria. According to Techpoint, Visa wants to buy a 20% stake in Interswitch for $200 million. The deal will make the company value more than $1 billion, and the two sides are currently in the middle of negotiations and may announce the deal this week
文 | 郭沈@出海
编 | Zhao Xiaochun@出海
Figure | Unsplash
