And, Goldman Sachs invested $ 85 million in Gatgram-based real estate company Vatika Group; Thailand’s telecommunications regulator auctioned 5G licenses: a total of $ 3.2 billion.
Latest epidemic information
Toyota’s two plants in China resume production. According to Kyodo News, Japan’s Toyota Motor Corporation said on the 17th that the two factories in Changchun and Guangzhou, China, which had previously been closed due to the expansion of new coronavirus pneumonia, have resumed production.
Affected by the epidemic, Singapore lowered its GDP growth forecast for 2020. Singapore ’s Ministry of Trade and Industry said on the 17th that due to the new crown pneumonia epidemic, it has cut its GDP growth forecast for 2020 to -0.5 to 1.5% from the 0.5-2.5% announced in November last year. The ministry said Singapore’s industry would be affected as a result of forced outages or delays due to epidemic restrictions. In addition, the regional economy will also be affected by the reduction in demand from tourism and other China-related supply chains.
Vietnamese companies are seeking government help for fear that the new crown virus outbreak will cause greater losses. The Vietnam Tourism Advisory Board (TAB) said that due to the new crown pneumonia virus epidemic, the number of Chinese tourists has dropped sharply, and Vietnam ’s tourism industry is expected to cause US $ 7 billion in losses in the first quarter. At the same time, Vietnam Airlines, Vietnam Airlines and three other airlines in the country estimate that the suspension of flights between China and Vietnam could cause losses of more than VND 10 trillion (US $ 430.5 million). At present, many companies are proposing aid measures such as cancelling or reducing taxes and extending the debt repayment period to get government help.
India
OYO’s fiscal year 2019 net loss was US $ 335 million, a five-fold increase over the same period last year. According to foreign media reports, Indian hotel startup OYO released its fiscal 2019 results today. The financial report shows that for the entire fiscal year ending March 2019, OYO’s total revenue was $ 951 million, compared with $ 211 million in the same period last year. OYO’s fiscal year 2019 net loss was $ 335 million, which was more than five times larger than the net loss of $ 52 million in fiscal 2018. (Sina Technology)
Goldman Sachs invested $ 85 million in Gatgram-based real estate company Vatika Group. According to DealStreetAsia, Goldman Sachs has invested Rs 6.1 crore (about $ 85 million) in Vatika Group. It is reported that Vatika GroupRs.2.45 billion (approximately $ 34.32 million) will be used to accelerate the construction of the company’s first phase of commercial projects.
Blackstone Group, a US private equity giant, has acquired the Hydentaba Trident Hotel for $ 82 million. According to DealStreetAsia, Blackstone Group has been approved by the National Corporation Law Tribunal of India (NCLT) to acquire the debt-ridden Trident Hotel for $ 82 million. This is Blackstone’s first transaction in India under bankruptcy law. It is reported that Trident Hotel is a five-star hotel with 324 rooms located in Hyderabad. It was declared a bad asset in December 2015. ) Debt.
Yamaha intends to lead a $ 35 million Series C funding round for Drivezy, India ’s mobile travel sharing platform. According to ET, Yamaha Japan is discussing the investment. According to people familiar with the matter, Yamaha is an existing investor in Drivezy, which has invested in Drivezy through its Silicon Valley venture capital agency, Innovation and Mobility Fund. It is reported that Drivezy has now raised $ 28 million in funding.
WayCool, an Indian agricultural distributor, has completed a $ 32 million Series C financing. It is learned that, according to the foreign media The New Indian Express, India’s WayCool has raised $ 32 million in Series C financing, led by Lightbox, and FMO and other participants. This round of financing will be used by the company to build the data analysis system needed to improve the efficiency of the supply chain to achieve supply chain automation. At the same time, the company also plans to expand its business scope and develop more value-added products for corporate and retail customers. WayCool is an agricultural products distributor, which aims to source, process and distribute various agricultural products.
Onsitego, a Mumbai-based equipment repair and protection service provider, completed a $ 19 million Series B financing. According to Inc42, this round of financing was led by the Zodius Growth Fund, with existing investors Accel India and Accel US participating. Currently, Zodius has invested nearly $ 15 million in Onsitego, the company’s first investment through its newly formed $ 200 million fund. It is reported that Onsitego hopes to attract more investors for its Series B financing and plans to use thisFunding to develop marketing strategies and brand campaigns.
U.S. hedge fund Falcon Edge Capital has established a new US $ 300 million venture capital fund in India. According to ET, Falcon Edge Capital has set up a new venture capital fund of USD 300 million in India. According to people familiar with the matter, the fund’s main areas of focus will be e-commerce, fintech, and B2B startups. In addition to India, the fund will also be used to invest in startups in Southeast Asia. It is reported that the investment amount of the fund will be between US $ 50,000 and US $ 5 million, and a dedicated team will be established to manage it in the future.
Southeast Asia
Thai telecommunications regulator auctions 5G licenses: $ 3.2 billion in total. The total amount of 5G spectrum auctions conducted by Thai telecommunications regulators on Sunday reached 100.52 billion baht (3.2 billion U.S. dollars). Operators purchased a total of 48 licenses and are expected to be officially commercialized later this year. Thailand’s largest mobile operator Advanced Info Service became the biggest winner, taking 23 licenses in all three frequency bands, becoming the biggest winner. The National Radio and Television Commission of Thailand said that the data speed of 5G technology is 100 times faster than 4G network, which will help promote the country’s digital economy. (Sina Technology)
Asia provides US $ 170 million in loans for Bangladesh’s capital market reform. According to DealStreetAsia, ADB approved a US $ 250 million loan for the plan in November 2015 to promote private investment and drive the development of the capital market, and issued the first US $ 80 million loan that year. The $ 170 million loan is the last part of it. It is reported that ADB will also provide $ 700,000 in free assistance to the project for technical support and supporting reforms in the early stage of the project, such as the introduction of an information management system.
“Wow coffee” has raised 35 million in financing. It is learned that the coffee brand “Wow Coffee” has recently completed a 35 million yuan financing. This round of financing came from a family fund in Singapore. In addition to financial investment, Wou Coffee also strategically merged Malaysia’s UR Coffee factory. At present, the sales of Woou coffee are mainly online, and some self-service coffee vending machines have been piloted offline in schools, hospitals and other public places. In addition to e-commerce, the company will also expand some new 2B channels this year, such as some homestays, business hotels, supermarkets around schools, etc., and will continue to lay more remote province channels.
Great Wall Motors and General Motors signed an agreement on the acquisition of a factory in Rayong, Thailand. It is reported that on February 17, Great Wall Motors and General Motors jointly announced that Great Wall Motors will acquire General Motors ’manufacturing plant in Rayong, Thailand. According to the binding terms signed by both parties, General Motors Thailand, including Rayong ’s auto plant and powertrain plant, will be transferred to Great Wall Motors, and the two parties plan to complete the transaction and final transfer by the end of 2020. The agreement is still subject to government and regulatory approval.
Latin America
SoftBank plans to invest 1 billion U.S. dollars in Latin America this year. According to foreign media reports, Softbank plans to invest 1 billion U.S. dollars in Latin America this year, focusing on e-commerce, healthcare and Internet financial technology industries, and has locked 650 promising companies. As part of the $ 5 billion Latin American technology investment fund launched in the first quarter of 2019, Softbank plans to invest a total of $ 1 billion in 2020, compared to $ 1.6 billion last year. So far, SoftBank Group has invested $ 100 million in 17 Latin American companies and $ 150 million in two venture capital firms. (Tencent Technology)
Mexican online lending platform Konfío partners with Visa to provide credit cards to small and medium businesses. According to Contxto, Konfío has partnered with Visa to provide credit cards to SMEs. It is reported that companies can order digital versions of credit cards through Konfío’s website. After passing the review, they will receive credit lines within six minutes. After a few days, businesses can get physical credit cards.
Carrefour will acquire 30 Brazilian stores from rival Makron. The Brazilian subsidiary of French retailer Carrefour SA said in a statement Sunday that it had agreed to acquire 30 stores from rival Makron Brazil. After the transaction, Makro will continue to operate in Brazil, but will only open 24 stores in the country’s wealthiest state, São Paulo. Makro’s Latin American store is owned by Dutch-based SHV Holdings, which did not disclose the transaction price. (Sina Finance)
Africa
Alipay cooperates with African bank Ecobank in cross-border remittances. In order to bring more inclusive financial services to users across West Africa, the Ecobank Group signed a cross-border remittance agreement with Alipay. It is reported that this cooperative relationship will provide a quick, safe, affordable and convenient way for migrant workers / expatriates to send funds back to their home countries. (Good Hope Observation)
Middle East
Noon requires all overseas sellers to apply for a tax ID. In 2019, the Middle East e-commerce platform Noon made a changeThe reform requires that all overseas sellers (as overseas companies) must apply for a tax ID (TRN) themselves. This move has had a series of effects on Middle Eastern sellers, and many sellers have not yet resumed their normal business in Noon. (EPanda goes to the Middle East)
文 | 杜俊 @ 出海
Figure | Visual China
