And, PayPal provides credit loan services to Brazilian sellers; Google Pay’s “nearby store” feature is now available in 35 cities in India.

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Globalization of Chinese Enterprises

China ’s 5G development momentum is rapid, with the global share of the four major brands of 5G phones exceeding 60%. The US market research agency report shows that in the first quarter of this year, China accounted for four of the top five global 5G mobile phone shipments—the combined market share of these four brands exceeded 60%. The agency analyzed that the vast majority of 5G mobile phones of Chinese brands are sold in the domestic market, showing that the epidemic has not significantly affected the demand for 5G equipment in China. The investment plans announced by the three major operators earlier this year show that China Mobile, China Unicom and China Telecom will spend more than 180 billion yuan in 5G capital expenditure in 2020, and plan to build 500,000 5G base stations.

India

Microsoft entered, investing $ 2 billion in Jio Platforms. According to informed sources, Microsoft is negotiating with India ’s largest telecommunications operator Jio Platforms Ltd, hoping to acquire a 2.5% stake in the company at a cost of $ 2 billion. The source said that although Microsoft is consolidating its partnership with Jio by buying shares in the company, there is no guarantee that the investment will proceed smoothly. (Zhitong Finance)

Google is facing an investigation by the Indian antitrust agency. According to foreign media reports, five people familiar with the matter said that the Indian antitrust agency is investigating Alphabet ’s company Google for allegedly abusing its market dominance to unfairly promote its mobile payment application in India. The source said that the complaint against Google was filed in February, and the Indian Competition Commission (CCI) kept the identity of the complainant confidential. Neither Google nor CCI has responded to requests for comment. (Tencent Technology)

Visa and Mastercard sought the relaxation of restrictions on “pay as you go” payments by the Reserve Bank of India. According to ET Tech, Visa and Mastercard and the Indian Payments Council (PCI) have recommended that the Reserve Bank of India relax the restrictions on contactless transactions through debit and credit cards, from the current Rs 2000 to Rs 5000rupee. The companies said the relaxation of the proposed pay-as-you-go payment method would allow consumers and merchants to use credit cards more safely.

Google Pay ’s “Nearby Store” feature is now available in 35 cities in India. According to ET Tech, this feature enables companies to open mini digital storefronts and help users view nearby stores that provide essential items. It is reported that when this application is released, Reliance JioMart is beginning to use WhatsApp, enabling millions of local stores to carry out digital business. Google Pay will compete with PhonePe and Paytm.

Southeast Asia

Malaysia private equity firm Xeraya Capital spent US $ 120 million to acquire the US biopharmaceutical company Rapid Micro Biosystems. According to DealStreetAsia, this round of financing is led by the global healthcare investment group Ally Bridge Group, and the participating investors include Swiss venture capital company Endeavour Vision, Bain Capital, American venture capital company Longitude Capital and Asahi Kasei Medical. Rapid Micro will use the financing to support its next stage of business growth, including expansion in the United States, Europe and Asia.

Vietnam accelerator ThinkZone and the Cambodian government organization CJCC have signed a cross-border partnership agreement. According to DealStreetAsia, this cooperation will help well-known start-up companies in both countries to obtain financing support from regional investors and enter the Vietnam and Cambodia markets. Recently, ThinkZone is seeking to raise a $ 30 million venture capital fund to focus on investing in technology startups in Southeast Asia.

Bonza, an Indonesian big data analytics company, raised seed round funding from East Ventures, a Southeast Asian venture capital firm. According to DealStreetAsia, Bonza will use the funds to develop its technology and products, and expand its business operations. East Ventures co-founder Willson Cuaca said: “With this investment, Bonza is able to build a powerful data decision-making platform.”

Philippines fintech startup Advance has received seed round financing. According to DealStreetAsia, this round of financing was led by US venture capital firm Next Billion Ventures, and the participating investors included Singapore venture capital firms Dymon Asia Ventures and Accion Venture Lab. This round of financing will further advance Advance ’s on-demand pay platform, which allows employees to view their salaries at any time without having to wait until the payday. Over the past year, its platform has provided nearly three million dollars to thousands of Filipinos.

Hello Health, an Asian digital health company, officially launched its ninth medical platform in the Philippines: Hello Doctor. According to e27 report, in the Philippines, Hello Doctor aims to provide medically verified health information to more than 100 million Filipinos through its website and social channels. Hello Doctor works with a network of local and international health care professionals to ensure the accuracy of the content.

Latin America

PayPal provides credit loan services to Brazilian sellers. According to Labs, the service was developed in cooperation with independent fund company Captalys. The service has been tested since December last year and will allow loans ranging from 5,000 to 2.5 million reais, with interest rates starting at 1.5% per month and a maximum repayment period of 36 months. To qualify for a loan, the seller must have at least six relationships with PayPal. According to the company, a total of 350,000 sellers will be able to use Brazil’s credit line services.

Other

Samsung launched a physical debit card. On May 27, Samsung announced more details of Samsung Money ’s wealth management business on its official website. According to the official website, Samsung Money was launched by Samsung in cooperation with financial company SoFi. It is a mobile-first money management experience that can provide cash management services and debit cards for Galaxy users, and can be combined with existing Samsung Pay applications. (Global Network)

Text | Luo Linqi @ 出海

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