With special attention to women and rural entrepreneurs. Flipkart claims that there are about 100,000 MSME sellers on its platform.
Latin America
Softtek, a Mexican digital solutions developer, acquires Spanish IT services company Vector ITC. According to Contxto, Softtek announced the purchase of 75% of the shares of Madrid technology company Vector ITC. It is reported that Softtek and Vector ITC officially launched a partnership in April 2019 to create digital solutions for banks, consumer industries and industrial sectors.
Counterpoint: Samsung, Xiaomi, Apple, Huawei, and Realme ranked the top five smartphone market share in Spain in November. It is learned that the report released by Counterpoint shows that Samsung, Xiaomi, Apple, Huawei, and Realme ranked the top five Spanish smartphone market shares in November. Realme, one of the fastest growing brands in the market, was among the top 5 in the market after a month of listing in Spain.
Middle East
Jollychic, a cross-border e-commerce company in the Middle East, announced that its online payment platform JollyPay has recently obtained a Saudi local payment license, thus becoming the only member of the Gulf Cooperation Council (GCC) country to hold the license Overseas companies. Going abroad learned that JollyPay’s payment license this time is the second one obtained this year after its UAE payment license. According to reports, the acquisition of a payment license can ensure that JollyPay engages in license issuing countries and cross-border Internet payments, merchant payments, foreign exchange settlement and sales, and foreign exchange. It is reported that JollyPay was officially launched in 2017. In addition to being applicable to all payment scenarios on the Jollychic platform, the platform can also provide Internet payment services to other platforms. In addition, it is reported that Jollypay will launch an e-wallet business in the future.
Others
Mitsubishi UFJ Financial Group lost $ 2 billion. According to Nikkei Asian Review, Tokyo-Mitsubishi UFJ Financial Group said on Monday that the company’s stock price has plummeted since the April transaction due to the acquisition of an Indonesian bank and will record 2074 this quarter Billion yen ($ 1.89 billion) in impairment losses.
VIE-structured companies’ overseas investments must be reported to the competent authority. For the overseas investment of large Chinese companies in recent yearsRelevant departments are considering strengthening management in this area. It is learned from those close to the regulatory authorities that companies with VIE structure need to report to the competent authority if they invest overseas. Under the current legal framework, the supervision of overseas investment of VIE structured companies is in a gray area. (China Business News)
文 | 云 晞 @ 出海
Edit | 小 纯 @ 出海
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