As well, Gojek wants to enter the Philippines again; investors such as Wework and Accel lead the $16 million financing of the furniture leasing platform CasaOne.
Southeast Asia
Indonesia e-commerce giant Tokopedia announced a strategic partnership with online pharmacy GoApotik to launch online medicines and health products. According to Tech in Asia, the statement said that with this new service, Tokopedia users can purchase health care devices and a variety of drugs, including over-the-counter and prescription drugs, on their apps and platforms. In addition to working with GoApotik, Tokopedia also said it will work with the Indonesian National Drug and Food Control Authority to oversee the marketing, distribution and delivery of food and drug sales on its platform.
Gojek enters the Philippines again. According to Tech in Asia, Indonesian net car unicorn Gojek resubmitted an application for operation in the Philippines, which is currently dominated by rival Grab. It is reported that at the beginning of this month, Gojek revealed the upcoming plan and plans to expand to the Philippines and Malaysia next year. The company has already taken action in Malaysia and is preparing to start some operations in the country from January 2020.
Singapore’s artificial intelligence startup Quilt completed a $9 million Series A round of financing. According to Tech in Asia, this round of financing was led by Indian investment management company Nadathur Group. It is reported that Quilt was established at the beginning of last year, and its operating platform can index and classify human conversations and expressions in social, news, blog and institutional resources as well as search engine tracking to help companies understand human behavior patterns on a large scale. The funds raised will be used to develop more than 200 languages, build training models on more than 100 billion images, and improve its video recognition and classification engine.
Jingdong Indonesia will continue to expand the scale of its logistics infrastructure. It was learned that Jingdong Indonesia CEO Zhang Li said that Jingdong Indonesia will continue to expand the scale of logistics infrastructure. At present, Jingdong Indonesia operates at least 11 cities in Jakarta, Surabaya, Pontianak, Medan, Makassar and Semarang. The plans for new warehouses in the future will be adjusted according to customer needs. Geographically, it will continue to extend to large cities that do not currently have a warehouse in Jingdong Indonesia. He said that Jakarta is currently processingAbout 85% of the orders are delivered on the same day. The planned increase in the warehouse is expected to expand the range of service areas.
Indonesia considers bans on e-cigarettes for health reasons. According to Sina Finance, Indonesia, the world’s second largest tobacco market, is considering a total ban on e-cigarettes, which, like more and more countries, is hitting e-cigarettes because of concerns about health. Anung Sugihantono, Director of the Department of Disease Control and Prevention of the Ministry of Health of Indonesia, said that the Indonesian government is revising the existing e-cigarette regulations. “The position of the Ministry of Health is the same: we want to ban, not limit, e-cigarettes,” he said in a text message this week.
India
Venture Capital India India Quotient completed its third fundraising and raised a total of $100 million. According to KrASIA, participating in this round of fundraising included Flipkart co-founder Binny Bansal, Singapore-based Rajesh Bothra-RB Investments family office, funds from China and some investors who are unwilling to be announced. The company has invested in regional language social platforms such as ShareChat, financial technology startup Lendingkart and online fashion store FabAlley. It is reported that the newly raised funds will be invested by 30-35 companies.
Investors such as Wework and Accel are leading a $16 million financing for the furniture rental platform CasaOne. According to ET Tech, this round of financing was led by Accel, Quiet Capital, HNI Corporate and WeWork, and existing investors JLL Spark, Freestyle Capital, NextWorld and Array Ventures participated. The company is headquartered in San Francisco and Bangalore and currently raises a total of $27.5 million.
In order to reduce “burning money,” Swiggy is expanding more business beyond takeaway. According to Inc42, in the past year, the fierce competition with the local take-out platform Zomato caused the two companies to consume a lot of cash. According to reports, the two food technology giants spend about $30 million to $40 million a month on discounts and promotions. To improve this situation, Swiggy began to get involved in grocery distribution, concierge services and cloud kitchens. According to reports, the company plans to Swiggy other in the next few yearsThe business’s revenue will account for 30% of its total revenue.
Other
Report: The consumption of foreign tides in Tmall has risen more than 30 times a year. It was learned that Tmall Overseas Joint CBNData released the “2019 Sea Market Research White Paper”, showing that the consumption of foreign tides in Tmall increased over 30 times a year. Among them, the North American and Australian markets have shown a higher level of consumption power. North American Chinese love to buy warm clothing such as sweaters, cotton coats and cashmere sweaters. Bosideng has become the best-selling domestic down jacket brand in the United States. In addition, sales of Chinese folk instruments and square dance fans in overseas markets such as the United States, Malaysia, and Singapore have soared. During the Double 11 period, sales of square dance fans in Singapore increased by 165% year-on-year.
Amazon opens the Overseas Shopping Festival to highlight the “China Customization” element. According to the Xinhua News Agency report, Amazon announced the details of the 2019 “Black Friday” overseas shopping festival in Hangzhou on the 21st, and China became the only region that can simultaneously share Amazon’s four major site offers. Amazon said that the number of “customized” projects this year will double from the previous year, and China will become the longest market in the global shopping festival. In addition to the “Black Friday” overseas shopping festival, Amazon China also revealed that the “China Month” promotion for the Chinese market will be launched from December 4 to 31 this year.
Too many more announced that its global purchase will open the “Black Five” Haitao activities. It was learned that the company has announced that its “global purchase” business has set up “global purchase overseas stations” in the United States, Britain, Germany and Japan, and will pass the global direct mining, bonded area direct mail, package tax, 10 billion Comprehensive measures such as subsidies have entered the “Black Five” Haitao market. From the zero point on November 28th, the fight will be officially opened for a six-day Haitao peak feast. By then, there will be nearly 500 international brands and over 20,000 internationally popular imported goods.
文 | 云晞@出海
编 | Zhao Xiaochun@出海
Picture|Pexels
