And Southeast Asia Internet giants, e-commerce platform Shopee parent company Sea Group announced plans to issue $1 billion in convertible notes; during the Diwali promotion season, Amazon sales increased by 80%.
Southeast Asia
Indonesian travel rental website Travelio completed $18 million in Series B financing. According to TechCrunch, this round of financing was led by Temasek’s Pavilion Capital and Gobi Partners, and some existing investors also participated in this round of financing. It is reported that Travelio was established in 2015 and is a platform for Indonesia to focus on short-term and medium-term housing leasing. Christina Suriadjaja, the company’s chief strategy officer, said that Travelio’s competitors are not focused on short-term rentals of RedDoorz, Airbnb or OYO, but rather real estate dealers.
Southeast Asia Internet giant, e-commerce platform Shopee parent company Sea Group announced plans to issue $1 billion in convertible notes. According to Tech in Asia, the bill maturity date is December 1, 2024. Sea Group plans to use the funds raised for business expansion and potential strategic investments and acquisitions. According to the company’s recently announced third-quarter earnings, the company’s net loss was $206 million. Performance has improved compared to the net loss of $218 million in the same period last year. Shopee continues to drag on revenue, and the growth in the digital entertainment business, including games and e-sports, offset some of the losses.
India
Softbank will continue to invest in Paytm’s new round of financing, provided that Paytm will be available within five years. According to KrASIA, informed sources said that Softbank has signed a document that will lead a new round of investment of Paytm’s parent company One97 Communications for $1 billion, but hopes the company will be able to conduct an IPO within five years, otherwise it will Sell the shares to their competitors. Currently, Softbank’s shareholding ratio is 19%.
Brand Investment Bank O3 Capital wants to raise $300 million to establish a credit fund to enter the Indian loan sector. According to DealStreetAsia, O3 Capital is negotiating with sovereign funds and family offices in Europe and America. It is expected that the credit fund will be completed by March 2020.Financing. Each loan amount is about 1-10 billion rupees (about 0.14-202 million US dollars).
In the Diwali promotion season, Amazon sales increased by 80%. According to ET, nearly 40% of sales come from outside the city. According to the company, the acceptance of Alexa Hindi voice service is getting higher and higher.
Africa
African mobile payment company “Transfer Easy Money” completed $40 million in financing . It was learned that the African mobile payment company “Chong Yi Jin Service” completed 40 million US dollars of financing, and Zhiyin Holdings and NetEase were its strategic shareholders. The funds raised in this round will be used to spread the business of PalmPay, an electronic payment platform of Yijinfu, in existing markets such as Nigeria and Ghana, and to enter other African countries.
Egypt’s e-health startup Yodawy has completed a $1 million Series A round of financing. According to Disrupt Africa, the round of financing was led by the early Egyptian fund Algebra Ventures and Egyptian venture capital CVentures . It is reported that Yodaw is an online medical platform that allows customers to order medicines through their mobile applications and deliver drugs through a network of more than 500 pharmacies across Egypt.
Latin America
Alibaba increased its “11.11 Singles Day” promotion, and Brazil’s “Double Eleven” sales increased by 50%. According to LABS, in addition to regular media campaigns, Alibaba has also partnered with local companies such as Brazil’s financial technology start-up EBANX and launched a special section produced by Brazilian TV presenter Sabrina Sato in the Brazilian market. Stir-fry “double eleven” concept. It is reported that the order volume per minute reached 150 orders, an increase of 50% compared with the same period last year.
Latin “Universal errands” unicorn Rappi announced his entry into Ecuador. According to Contxto, Rappi had landed in Ecuador two months ago, but it was not released until November 7. According to Rappi Ecuador National Manager Alejandro Freund, Ecuador is Rappi’s layout after Colombia, Mexico, Brazil, Argentina, Chile, Uruguay and Peru.Eight Latin American countries.
Other
Yahoo Japan and LINE announced that the merger was true. According to the report of Kyodo News, Z Holdings and LINE, which operate Yahoo Japan, announced on the 14th that the “business negotiations are being negotiated”. Z Holdings’ parent company, Softbank, also posted the same news.
文 | 郭沈@出海;云晞@出海
编 | Zhao Xiaochun@出海
图 | Oriental IC
