In addition, iQiyi appointed You Daren as Vice President of Overseas Business and General Manager of Thailand Station; Indian takeaway platform Swiggy, which is supported by Tencent, will charge higher commissions to restaurants in certain regions.
Southeast Asia
Facebook founder, Sweetgreen CEO and Northstar Group co-founder invest in Kopi Kenangan, an Indonesian coffee brand. According to KrASIA, in addition to funding from Jay Z’s funds, Arrive and Serena Ventures, Kopi Kenangan has also received investments from several well-known angel investors, including Facebook co-founder Eduardo Saverin, Patrick Waluyo, co-founder and managing partner of Northstar Group, and Jonathan Leman, CEO of Sweetgreen. It is reported that the company raised US $ 20 million from Sequoia India in June 2019.
Iqiyi has appointed You Daren as Vice President of Overseas Business and General Manager of Thailand Station. It is learned that on January 2nd, iQiyi announced the appointment of Kelvin Yau as Vice President of iQiyi Overseas Business Unit and General Manager of Thailand. The appointment will take effect in early 2020, when you will be responsible for iQi Art’s strategic growth, operations and overall development in the Thai market. You Daren previously served as senior vice president and general manager of BBC Studios Greater China, responsible for the content production and distribution, model development, brand marketing and other services of BBC International’s channels and content in mainland China, Hong Kong, and Taiwan.
Philippine listed company and operator PLDT sells 50 million US dollars of Rocket Internet shares, and exits. According to DealStreetAsia, PLDT invested approximately $ 372 million in Rocket Internet through PLDT Online in 2014. However, in 2016, PLDT Chairman Manuel V. Pangilinan described the investment as “disappointing.” In 2017, PLDT first hinted at the divestiture of its stake in Rocket Internet. In 2018, the company reduced its shareholding to 2%.
India
IndiaOYO was exposed to mismanagement and bribery in disguise. According to foreign media, OYO CEO Agarwal and current and former employees said the company exaggerated the number of rooms on its website by including unavailable hotel rooms. Many of these rooms come from unlicensed hotels and guesthouses. To prevent authorities from bothering them for such improper practices, the company sometimes provides free accommodation to local police and other officials. In addition, based on interviews with hotel owners and employees, as well as emails, legal complaints, and other documents, OYO also refused to pay the hotels all the amounts they owed. (Sina Finance)
Swiggy, an Indian takeaway platform supported by Tencent, will charge higher commissions to restaurants in certain regions. According to ET Tech, Swiggy is gradually increasing commissions for restaurants in areas where its business is relatively mature, while actively promoting partners to advertise on its platform. In addition, according to a person familiar with the matter, Swiggy has also increased the delivery fee charged to customers.
As Indian smartphone growth slows, Xiaomi will invest heavily in AI, 5G and IoT. According to Inc42, Xiaomi announced that it will invest more than USD 7.18 billion in artificial intelligence (AI), 5G and AIoT (Internet of Things) in the next five years. It is reported that Lei Jun stated in an open letter on the company’s website that 2020 will be a year for its 5G business to make a breakthrough, and also a crucial year for the “Smartphone + AIoT” strategy.
Africa
Trove, a Nigerian fintech startup, has received an undisclosed equity fund from asset management company ARM. According to Disrupt.Africa, Trove has a simple micro and micro investment application that allows users to invest in financial securities such as stocks and government bonds in international markets such as Nigeria and the United States (US). The startup hopes to be a platform for Nigerians and all Africans to invest in securities and promote local participation in the global economy.
Amazon enters West Africa. According to ET Tech, the company claims that Amazon ships goods to Senegal and 128 other countries. Like its US business model, Amazon bears the risks and responsibilities of delivery. But not all shipping companies that Amazon works with provide door-to-door delivery.
Others
Cao Cao started a public test in Paris. It is learned that on January 2nd, Cao Cao started a public test in Paris and adopted the new TX of Geely Holdings’ London electric vehicle.Vehicles are used as operating vehicles. According to the introduction of Cao Cao’s travel, Paris is a pilot for launching overseas markets. “In the future, Cao Cao hopes to reach cooperation with more international partners to further study the international market, study the layout of charging piles and urban policies in various countries, and use the new energy travel platform And customized travel services to more countries. “
文 | 云 晞 @ 出海 ； 郭 沉 @ 出海
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