In addition, Amazon has cooperated with more than 20,000 Indian community stores to store and distribute products; MNC Group has reached a strategic cooperation with Chinese overseas content platform Billboard Indonesia.
India
Samsung invested USD 500 million to build a smartphone screen factory in India to increase local component production capacity. According to foreign media reports, Samsung is re-focusing on India. The company is investing $ 500 million in India to build a factory to produce smartphone screens in the suburbs of New Delhi. In a document submitted to local regulators earlier this month, Samsung disclosed the investment and its plans. Samsung said the plant will produce screens for smartphones and a range of other electronic devices. (Tencent Technology)
Amazon has partnered with more than 20,000 Indian community stores to store and distribute products. According to TechCrunch, Amazon said recently that it has partnered with thousands of community stores (locally known as kirana stores) across India to use them to store and distribute products. Amazon said the company started the program called “I have Space” a few years ago, and has now collaborated with more than 20,000 kirana stores. (Pin play)
Xiaomi will launch more smartphones in the Indian market in 2020. Recently, Raghu Reddy, head of Xiaomi India’s online sales and category, said in an interview that Xiaomi and Redmi have a clear business division of labor in the Chinese market. The Xiaomi series represents high-end and innovation, but it is basically invisible in the Indian market. I hope to achieve this goal by 2020. Xiaomi will expand the high-end mobile phone product line in 2020, and the smart TV product line will also launch more products. (IT House)
Falcon Edge Capital raised $ 45.7 million for its first India-focused fund . According to yourstory, Falcon Edge Capital hopes to raise $ 100 million for this fund and has secured about $ 75 million in investment commitments last year. It is reported that Falcon Edge Capital was founded in 2012 and currently manages US $ 2 billion in assets globally. The hedge fund first entered India in 2014 and participated in a $ 90 million investment in Housing, a real estate platform led by SoftBank. The most recent investment occurred in October last year when the company sold DealShare, an Indian social e-commerce startup.
Former Flipkart CTO Ravi Garikipati founded microfinance company Davinta Finserv. According to DealStreetAsia, the company was co-founded by Ravi Garikipati, former Flipkart CTO, and multiple entrepreneurs, Raj Vattikuti, with seed round funding of approximately $ 20 million. It is reported that Davinta Finserv already holds a license of Indian Non-Bank Financial Corporation (NBFC).
Xiaomi’s leadership in India has changed. According to gizmochina, previously, Xiaomi India Managing Director Manu Kumar Jain was responsible for leading Xiaomi ’s offline physical store expansion in India. This role is currently taken over by the company’s Chief Operating Officer Muralikrishnan B, while Manu Kumar Jain will focus on business expansion in new areas such as smart TVs. It is reported that Manu Kumar Jain is also the only foreigner in Xiaomi’s CXO team.
Southeast Asia
Singapore fintech company Kristal.AI completes $ 6 million in Series A financing. According to Inc42, Chiratae Ventures and Desai Family Office participated in this round of financing. After this round of financing, the company’s total financing amount has reached 11 million US dollars. It is reported that Kristal.AI will use the funds to expand its business in India and the entire Asia Pacific region. At present, the platform has an asset management scale of more than $ 100 million and has 10,000 users.
Grab will launch a geographic mapping service in Indonesia this year. According to DealStreetAsia, Grab said during the PE-VC summit in Indonesia in 2020 that the company is developing high-definition maps for self-driving cars.
MNC Group has reached a strategic cooperation with Billboard Indonesia, a Chinese content platform. It is learned that the Indonesian media company MNC Group and Billboard Indonesia have announced a strategic partnership to jointly produce high-quality Indonesian entertainment content. The first project between the two parties is the Billboard Indonesia Music Awards (BIMA2020) to be held on February 26, 2020.
Others
Catalyst Fund from UK JP MorGan received $ 15 million in funding to support 30 emerging fintech startups. According to TechCrunch, the funding will be used to support 30 fintech startups in Africa, Asia and Latin America over the next three years. It is reported that the Catalyst Fund has previously supported the development of 25 startups through this program. Its portfolio companies, such as African cross-border payment startup ChipperCash and East African B2B e-commerce startup SokoWatch, have conducted seven rounds of financing. And has begun to expand into new markets.
文 | 杜俊 @ 出海
Edit | 赵小 纯 @ 出海
Picture | Pixabay
