And, Tencent’s US$260 million investment in Bohemia Interactive, a Czech game developer; “Indian cottage version of Tiktok” Mitron was delisted by Google, with 5 million downloads in the first month.

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Globalization of Chinese Enterprises

In May, the global monthly active users of WeChat reached 1.2 billion. It is learned that today, the big data platform Aladdin released the “Small Program Internet Development Research Report” in May, saying that in May, WeChat’s global monthly active users reached 1.2 billion, 63% of the branded small programs have been launched, and the head brand The scale of applet users increased by 386% compared with January, and the number of times a single branded applet live broadcast was shared was up to 200,000. In addition, the scale of the WeChat code economy in 2019 reached 8.58 trillion. During the epidemic, the transaction volume of the code economy Q1 increased by 25.86% year-on-year.

Tencent invested US$260 million in Bohemia Interactive, a Czech game developer. According to The Information report, people familiar with the matter said that Tencent has invested US$260 million in Czech game developer Bohemia Interactive in exchange for 60%-70% of the shares. Bohemia Interactive is the developer of the military game “Armed Assault” and the sandbox game “Island”, which was announced by Tencent in the Chinese market. (Interface News)

India

India will provide $6.6 billion in incentives to attract global mobile phone manufacturers to build factories. According to foreign media reports, the Indian government will provide financial incentives and supporting facilities worth about 500 billion rupees (about 6.6 billion US dollars) to attract global smartphone and related parts manufacturers to invest in India. According to the Indian Ministry of Electronics and Information Technology, the Indian government will initially target five global suppliers and extend the fiscal incentives for five years. For manufacturers of electronic components, semiconductors and other components, the Indian government will provide 25% financial incentives for capital expenditures. In addition, India will also provide easy-to-use supporting facilities for electronic manufacturing companies. (Sina Technology)

“Indian cottage version of TikTok” Mitron was taken down by Google, and had been downloaded 5 million times in the first month. The “Indian version of TikTok” Mitron was removed from the Google App Store on June 2nd, the reason for the removal is unclear. According to previousThe Russian Satellite News Agency reported that a mobile application called “Mitron” similar to TikTok in India has recently become popular, and it has been downloaded 5 million times within a month after its launch. “Mitron” means friend in Hindi. TikTok has 119 million users in India, and the Indian market contributes 30% of TikTok’s total global downloads. (Interface News)

OYO plans to allocate an employee stock ownership plan (ESOP) worth $18 million to vacation employees. According to KrASIA, OYO founder and CEO Ritesh Agarwal said in an internal report on Monday that all employees on vacation will now become co-owners of the company and will be eligible for ESOP benefits. It is reported that in early April of this year, the company said that from May 4th, some employees of the global team will take four months of unpaid leave. However, the company did not disclose the actual number of employees who will be affected by this decision. Local media reported that the number of employees on vacation worldwide may reach thousands.

Facebook and the Indian record company reached a copyright license agreement. Indian record company Saregama India announced on Wednesday that it has reached a global licensing agreement with Facebook that will allow users to select music from its extensive Bollywood music catalog for their Facebook and Instagram posts, with a music library exceeding 10 Ten thousand songs with 25 languages. The financial terms of the transaction were not disclosed. (Sina Finance)

Southeast Asia

Facebook and PayPal invest in Gojek, the Southeast Asian car-hailing giant. Facebook and PayPal are investing in Gojek, an online car-hailing and take-out giant in Southeast Asia, to enter the Asian Internet space, and neither company disclosed the amount of investment. Facebook and PayPal participated in Gojek’s current round of financing, which was completed in March and raised a total of $1.2 billion. Gojek said that this round of financing will bring the company’s total financing to more than $3 billion. Currently, Gojek’s supporters include Google, Tencent and Temasek. (Zhitong Finance)

Agrocorp, a provider of agricultural products solutions in Singapore, has raised US$50 million in sustainable loans from the Dutch Development Bank FMO and Rabobank. According to DealStreetAsia, the loan is divided into two parts, FMO is responsible for prepayment and inventory, and Rabobank will receivablesProvide financing. Rabobank will also assume the role of facility agent. The company will also work with FMO to establish farmer training programs in markets such as Myanmar.

Grab launches digital payment card in the Philippines. According to Tech In Asia, Grab launched a digital payment card in the Philippines today based on its existing partnership with MasterCard credit cards. GrabPay digital payment cards are supervised by the Central Bank of the Philippines (BSP) and can be used for online purchases, payment of digital subscription services, and local and global transactions.

Latin America

Latin American financial technology company Belvo raised US$10 million from American venture capital company Founders Fund and Latin American venture capital company Kaszek Ventures. According to Latamlist, the new funds are used to recruit employees and expand the scope of its financial services, which connect mobile applications in Mexico and Colombia to customers’ bank information. Since its establishment in May 2019, the company has raised a total of $13 million in funding from Y Combinator (W20) and Latin American venture capital firms.

Middle East

American social gaming company Zynga acquired Turkish mobile gaming company Peak for $1.8 billion. According to MENAbytes, this transaction is composed of $900 million in cash and $900 million worth of Zynga stock, and is expected to be completed in the third quarter, Zynga’s largest acquisition to date. The acquisition will increase the company’s daily active user base by 60%. Zynga has an average daily active user of 21 million and is known for its farm simulation game FarmVille, which has been publishing popular franchise-themed games through acquisitions and licensing agreements with media agencies.

Africa

Sparkle, a Nigerian digital bank startup, has obtained a banking license from the Central Bank of Nigeria (CBN). According to Disrupt Africa, the digital bank startup Sparkle was founded in Nigeria by former Diamond Bank CEO Uzoma Dozie. It aims to provide Nigerian individuals, SMEs and retailers with financial solutions, including flexible payment, savings and analysis. It is reported that Sparkle is working with Visa, Microsoft and PwC toParkle’s customers provide industry-leading expertise in APIs, cloud computing, data science, machine learning, taxation, and financial consulting services.

Other

Second-hand trading platform Danggeun Market in South Korea received $33 million in Series C financing. We learned that this round of financing was led by US venture capital firms Goodwater Capital and Altos Ventures, with Kakao Ventures, Strong Ventures, SoftBank Ventures and Capstone Partners participating. The company will use part of the new round of financing to expand the scale of the international market. To date, the company’s total funding has reached 40.5 million US dollars. It is reported that the company behind Karrot, the largest community market application in South Korea, is Danggeun Market.

Text| Luo Linqi@出海

Picture| Unsplash