And, Thailand approved a draft bill to tax foreign Internet companies; SoftBank reportedly expanded the scale of layoffs to the Vision Fund and plans to cut 80 employees.
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Globalization of Chinese Enterprises
Didi’s online car 99 will launch delivery services in Brazil. According to LABS, Didi’s Brazilian ride-hailing company 99 will launch delivery services in the country. The delivery service, called 99 Entrega, will be the first to be launched in Goiânia in central Brazil, and will then be extended to cities such as Sao Paulo and Miracle.
Huawei’s theme of “Thrive Digitally in a Mobile Future” (mobile first, leading the future in the future), held a global online special overseas Huawei Global Financial Summit. Huawei proposes that mobile capabilities are the key to future banks. To support mobile-centric business, it will be necessary to restructure IT architecture around the key capabilities of cloud, AI and 5G. Huawei, as a leader in these technologies, joins hands with the world Partners, to provide competitive ICT products and solutions to global financial customers, and joint innovation with leading global customers. (Finance Association)
India
According to JioMart’s shortage of manpower, it has suspended the grocery delivery service jointly launched with WhatsApp. According to Inc42, due to labor shortages, JioMart’s plan to deliver via WhatsApp was temporarily put on hold. It is reported that JioMart has already distributed groceries in 200 cities across India.
WeWork intends to call WeLive, a joint rental business. An insider who asked not to be named said that WeWork is working with a consultant to negotiate the handover of its WeLive shared house in Crystal City, near Washington, DC. People familiar with the matter said that the company is also considering handing over the second WeLive shared house on Wall Street in New York. The WeLive shared house business provides users with fully equipped apartments. The two shared houses are Crystal City and Wall Street in New York. (NetEase Technology)
As online orders increase, Swiggy and Zomato shift their focus to cloud kitchens. According to DealStreetAsia reported that the two companies are currently working with restaurants to help them resume operations by providing cloud kitchen facilities. Zomato said that the company is also evaluating the targeted investment in kitchen space around the supply gap, while seeking to optimize the current cloud kitchen space to adapt to changing customer needs. It is reported that in February of this year, Swiggy launched the “BrandWorks” service, using the existing kitchen space in the restaurant to work with restaurant partners to create a brand that only provides takeaway.
Southeast Asia
Propzy, a Vietnamese real estate technology company, announced that it has completed a $25 million Series A round of financing. According to DealStreetAsia, this round of financing was led by Chinese real estate private equity firms Gaw Capital and SoftBank Ventures Asia. Participants include US venture capital firms Next Billion Ventures, RHL Ventures, Breeze, Singapore venture capital firms FEBE Ventures, RSquare and Insignia Ventures Partners. The company said in a statement that it will continue to use the online to offline functions of its platform to expand its leasing services. Propzy was established in 2016 as a financial, insurance and real estate technology company (FIRE-tech).
Thailand approved a draft bill to tax foreign Internet companies. According to DealStreetAsia, Thailand passed a draft bill requiring foreign Internet companies to pay value-added tax (VAT) on Tuesday, making it another Southeast Asian country seeking to increase the taxation of international technology companies. Last month, Indonesia passed a law requiring large Internet companies to pay value-added tax for the sale of digital products and services from July. In the Philippines, a member of parliament introduced a similar bill in Parliament to tax digital services. Thanawat Malabuppha, chairman of the Thai Electronic Commerce Association, said he welcomed the move because it would help create a level playing field for Thai companies.
Indonesia allows Gojek and Grab to start the passenger service again. According to KrASIA, the Ministry of Transport of Indonesia lifted the ban on passengers in Mozambique on Tuesday. This means that Gojek and Grab can now operate their car-hailing service through a health agreement. Health agreements require drivers and customers to wear masks.
GOjek’s digital wallet platform GoPay and Pluang have launched a digital investment platform GoInvestasi. According to e27, this allows consumers to invest in digital gold using the GoPay application. Through GoInvestasi, users can purchase digital gold in three steps: select the quantity, confirm the transaction, and pay through GoPay.
Latin America
Brazilian financial services company XP announced the acquisition of a majority stake in the automated investment platform Fliper. According to LABS, the acquisition is part of XP’s growth strategy and complements XP’s own investment platform. The founder of Fliper remains a shareholder of the company and will manage the business with XP’s security, technology, back office and marketing support. Founded in 2017, Fliper provides users with a single view of multiple financial institution investments, allowing automatic integration, comparison of portfolio performance and monitoring of asset evolution.
Africa
KiaKia, a Nigerian fintech startup, launched its first P2P lending investment application. According to Disrupt Africa, Nigerian fintech startup KiaKia has launched the first loan investment mobile app that allows users to invest in secured personal and business loans initiated, underwritten and registered by the startup And earn interest income. KiaKia was established in 2016 to provide P2P loan services to Nigerian consumers without bank accounts through its online proprietary credit score and risk assessment algorithm.
Other
The Israeli innovative medical imaging technology company “Nano-X Imaging” received $20 million in financing. It is learned that recently, the Israeli innovative medical imaging technology company “Nano-X Imaging” has obtained equity financing of USD 20 million. The investors in this round of financing are existing shareholders SK Telecom. The company plans to use the funds from the new round of financing to deploy imaging systems on a large scale to promote the development of early preventive health care. Nano-X Imaging works with governments and medical institutions to provide medical imaging to local residents. The company plans to deploy approximately 15,000 systems globally in the near future.
Softbank is reported to expand the size of its Vision Fund layoffs and plans to cut 80 employees. The source revealed that after recording a record loss in the last fiscal year, the SoftBank Group’s Vision Fund is preparing to cut about 15% of its employees. One person, who asked not to be named, said that Rajeev Misra, the head of the Vision Fund with about 500 employees, plans to increase the number of layoffs to 80. Bloomberg News previously reported that as of last month, the Vision Fund plans to lay off about 10%. Another person familiar with the matter said that SoftBank International, operated by Marcelo Claure, will cut about 26 employees, and Softbank International currently has about 230 employees. Bloomberg News reported last month that the subsidiary’s layoffs are expected to be about 10%. (Sina Technology)
Text| Luo Linqi@出海
Picture| Unsplash
On the 23rd of this month, at 14 o’clock in the afternoon, the first phase of the [Globiz-Overseas Southeast Asia] online salon event will be held. At that time, we will invite the vice president of Microsoft Greater China, Qiming Venture Partners, Alpha JWC Twelve seniors, including partners and President of Bukalapak, brought a truly valuable industry exchange. Scan the code to pay attention to the public account of “Going Out”, and the “interaction” of the private assistant to win the opportunity to interact with the guests and ask questions. After the meeting, you can get the guest PPT.
