And, affected by the epidemic, Brazilian regulators approved the extension of the IPO; Latin American takeaway unicorn Rappi launched the Rappi Mall service delivered within one hour.
India
YES Bank shares are up 58%. According to ET, the share price of YES Bank rose by 58% on Monday. The bank, which had been hit by the crisis, allocated 10 billion rupees (approximately 135 million) to 7 private banks, Indian state banks and National Bank of India US dollar). Analysts are said to be surprised by the rise in share prices and expect the stock to fall on Monday.
Entropik Technologies, an Indian “emotional intelligence” technology company, plans to raise $ 10 million. According to ET Tech, Entropik Technologies is in discussions with investors including U.S. hedge fund Falcon Edge Capital. It is reported that so far, the company has raised a total of about 1.4 million US dollars. In addition, Entropik Technologies, established in 2016, is the only artificial intelligence technology company in India that specializes in “emotional intelligence”. The company uses its proprietary AI models and emotion recognition technology to help brands and advertisers conduct consumer behavior research.
OYO Hotels: The company’s financial situation is good, and layoffs are a strategic adjustment. Recently, OYO Hotel, a Chinese brand of Indian hotel chain OYO, has attracted much attention due to layoffs and salary turmoil. Regarding the current cash flow of OYO hotels, OYO Hotels responded that the current financial situation of OYO Hotels is good, and they will focus more on core business and focus on core cities. Earlier, OYO Hotel confirmed that OYO is currently laying off staff. From OYO’s point of view, however, this is a “strategic adjustment.” OYO Hotel pointed out that in the pace of adjustment, it has a clearer strategic goal for 2020, which is to optimize the business model. (Surging)
Affected by the new crown virus, Apple India will close 4 sales offices and development centers. According to ET Tech, according to people familiar with the matter, Apple India will close its four sales offices in India and the Map Development Center in Hyderabad, and will require 5,000 employees in India to work remotely. This is part of the company’s global initiative to prevent the spread of the coronavirus.
Southeast Asia
Amazon is growing fast in Singapore, catching up with leading e-commerce Lazada. According to KrASIA, the latest report released by iPrice Group shows that Lazada remained firmly in Singapore’s most popular e-commerce platform in the fourth quarter of 2019, followed by Qoo10 and Shopee. Benefiting from the company’s localization strategy, new player Amazon has grown rapidly in the last three months, ranking fourth.
PEs focusing on Vietnam say the outbreak has delayed financing. According to DealStreetAsia, Denmark’s PE PENM Partners, which focuses on investing in Vietnam, said that due to the impact of the Southeast Asian epidemic, the end of its fifth fund financing will be postponed.
Indonesia technology companies have implemented a policy of working from home. According to e27, in order to curb the spread of the epidemic, a number of major Indonesian companies have policies for working from home, including unicorn companies Tokopedia and Traveloka.
Middle East
The UAE Central Bank injected 100 billion dirhams (about 27.2 billion U.S. dollars) to stimulate the economy and offset the impact of the new crown epidemic. On the 14th local time, the Gulf News of the UAE quoted a report from the central bank that the UAE ’s central bank will launch a plan to inject 100 billion dirhams (about 27.2 billion U.S. dollars) to stimulate the economy. According to reports, 50 billion dirhams (about 13.6 billion U.S. dollars) of funds were allocated from the central bank’s own funds and provided to local banks at zero interest rates. These will be provided as collateral to the borrowing bank. An additional 50 billion dirhams (approximately $ 13.6 billion) will be released by adjusting the capital buffers of local banks. (Surging)
Africa
KYC startup Youverify in Nigeria raised $ 1.5 million in seed funding. According to Disrupt Africa, Nigeria ’s KYC startup Youverify has completed a $ 1.5 million seed round. The company said the funds will be used to improve technology and expand domestic and foreign operations. Youverify is designed to help financial services companies and mobile operators automate the verification process for different types of data, such as information such as identity, credit history and facial recognition.
Latin America
Affected by the outbreak, Brazilian regulators approved the extension of the IPO. According to LABS, the Brazilian securities industry regulator CVM announced on Friday that the company will have 30 days to request an extension and that it can delay the IPO by 90 days after obtaining authorization. In the last three monthsBrazil’s benchmark stock index, Ibovespa, fell nearly 30%. The companies that make up the index reportedly lost 500 billion reais ($ 5.5 billion) in a week.
The Latin American takeaway unicorn Rappi launches the Rappi Mall service delivered within one hour. According to LABS, the service will be launched in São Paulo first and will be expanded to 60 other Brazilian cities it operates in the future. Currently, Rappi has 50 offline shopping mall partners, including Fast Shop, L’Occitane and Decathlon.
TrueHome, a Mexican real estate agency, has completed a $ 8.8 million Series A financing round. According to LatamList, Mexican real estate agency TrueHome has raised $ 8.8 million in Series A funding. The company said it will use the current round of funds to expand its market share by 20%. TrueHome is one of the top five real estate agents in Mexico. It is committed to using financial technology to make the process of housing purchases transparent and save transaction costs.
Brazilian VC Canary Ventures will launch a $ 75 million startup plan. According to LABS, the VC will launch a new program “JetPack” designed to support first-time entrepreneurs outside Brazil, valued at $ 75 million, to invest in 50 early-stage startups.
Others
Mastercard will partner with Samsung to launch pay-as-you-go services in the Middle East and Africa. According to LABS, Mastercard will work with Samsung Knox team to launch a new service in the Middle East and Africa, and consumers will access the device on a pay-as-you-go basis. The partnership aims to promote digital inclusion of consumers and small businesses in emerging markets and expand to other markets in the second half of the year.
Japanese display company JDI will receive up to 10 billion yen in reinforcements from investment companies. According to foreign media reports, semiconductor display technology company and Japanese display company JDI said recently that they have reached an agreement with Ichigo Asset, an independent investment advisory company, to accept up to 10 billion yen (about 660 million yuan) in additional financial support. protocol. In total, JDI will receive support funds up to 110.8 billion yen from Ichigo Asset. (TechWeb)
MiraeAsset led a $ 500 million Series F round of Impossible Foods. According to DealStreetAsia, plant-based meat company Impossible Foods said Monday that it has raised about $ 500 million in its latest Series F round, led by new investor Korea Mirae Asset Global Investments. The company’s chief financial officer, David Lee, said Impossible Foods was able to withstand the short-term impact of the outbreak.
文 | Qiu Zehui @ 出海
Picture | Pixabay
