And, Reliance Retail is valued at $ 34 billion in the new share swap plan; the shares of US-listed Sea Ltd tripled.
India
Swiggy, an Indian takeaway platform supported by Tencent, launched Swiggy Money, an electronic wallet. According to Inc42, after rival Zomato launched the wallet Zomato Credits, Swiggy also recently launched Swiggy Money’s e-wallet service. This time Swiggy’s Swiggy Money was launched in cooperation with the Industrial Credit Investment Bank of India (ICICI Bank). It is reported that the function of the wallet is not fully enabled at present, and the payment function is not yet included in the Swiggy application. Swiggy Money can only be used for refunds at this stage.
Xpressbees, an Indian logistics startup, has raised $ 10 million in funding. It is learned that recently, the logistics startup Xpressbees has received $ 10 million in financing, led by Alibaba. This financing is part of the Xpressbees Series D financing. Xpressbees, headquartered in Pune, India, is an end-to-end e-commerce logistics services company with the parent company Busybees Logistics Solutions Pvt. Ltd.
Reliance Retail, a retail company owned by Reliance Industries of India, is valued at $ 34 billion in the new share swap plan. According to ET Tech, Reliance Industrial Group indirectly holds Reliance Retail through its Reliance Retail Venture. Under Reliance Retail’s proposed shareholder exchange plan, every four shares held by its shareholders can be exchanged for one share in its listed parent company, Reliance Industrial Group, which is valued at $ 34 billion in this plan.
Southeast Asia
Central Retail Corporation, Thailand’s largest retailer, plans to raise $ 2.7 billion or become Thailand’s largest IPO to date. According to DealStreetAsia, Central Retail Corporation plans to raise 81.1 billion baht ($ 2.7 billion) in the IPO, which will be Thailand’s largest IPO. Central Retail Corporation sets IPO price at 40 to 48 Thai shares per shareBetween baht, 22.1% or 1.69 billion shares of the company’s shares will be sold and 169 million shares will be placed. It is reported that the subscription for investors will begin on February 6 next year.
US-listed Sea Ltd shares tripled. According to e27, despite a net loss of $ 1.18 billion for the nine months ended September 30, 2019, driven by e-commerce revenue, as of December 23, Shopee’s parent company, headquartered in Singapore, Sea Ltd, shares rose 244.61%. This makes the company (operating the gaming division Garena and e-commerce platform Shopee) expected to become the best performing foreign stock on the American Stock Exchange by the end of this year, surpassing Ali and JD.com.
It is said that two Apple suppliers are seeking funding to increase production of AirPods in Vietnam. According to foreign media reports, according to people familiar with the matter, Apple suppliers GoerTek and Luxshare are seeking hundreds of millions of dollars in funding to expand production of AirPods and AirPods Pro in Vietnam. The move is partly to diversify Apple’s supply chain, but it will also prompt Apple’s manufacturing operations to move abroad. (Netease Technology)
Others
Cainiao Global Transport Annual Report: Made in China is sent to over 200 countries and regions worldwide. It is learned that the annual report on global shipments released by Cainiao shows that in the past year, Chinese-made products have been delivered to more than 200 countries and regions, and nearly 80 countries and regions have shipped goods to China. The rookie number intelligence technology also makes the day of import and the day of export reach reality. The report shows that Russia, Malaysia, France, Spain, Singapore, the Netherlands, Poland, Israel, the United States and Australia are the top ten countries that most like Chinese manufacturing.
ATU Partners, a South Korean private equity firm, set up a $ 17 million growth fund. According to DealStreetAsia, the fund will invest in the field of e-sports, becoming Asia’s first fund dedicated to investing in e-sports-related companies. It is reported that the fund is supported by Kakao Games, E & M, Woori Technology Investments and SB Partners.
Sharp: Considering the acquisition of a Japanese display company factory. In response to the news that Japanese display companies are in talks with Apple and Sharp to sell Hakusan, Sharp said that it is considering the acquisition of JDI’s factory; the company is not the source of reports of JDI’s sale of factories. (Sina Technology)
Byton Motors received a multi-million dollar investment from the Japanese trading company Marubeni, which is expected to be added in the future. According to a recent report from the Nihon Keizai Shimbun, the Japanese trading company Marubeni has entered into a capital partnership with Chinese electric car company Byton, aiming to recycle used batteries of Byton Motors to provide energy for homes and other applications Storage device. Marubeni is expected to invest millions of dollars in Byton, and may continue to invest more in the future. (Future Car Daily)
文 | 云 晞 @ 出海
Edit | 赵小 纯 @ 出海
Picture | Pixabay
