And, OnePlus plans to invest 13 million U.S. dollars to expand the offline sales network in the Indian market; the Indonesian beauty e-commerce platform Social Bella plans to expand its business to Vietnam.
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Globalization of Chinese Enterprises
OnePlus plans to invest US$13 million to expand its offline sales network in the Indian market. According to The Economic Times, China OnePlus plans to invest 1 billion rupees (approximately US$13 million) in India to build more than 3,000 stores, add 14 large-scale experience stores, and accelerate its penetration into lower-tier cities , To improve its offline sales network.
Minchuang Youpin IPO tonight, confirmed the price is 20 US dollars / ADS. Every AI newsletter, China Concept Stock MINISO (NYSE: MNSO) will officially land on the NYSE this evening, Beijing time, and the company has confirmed that the IPO price is US$20/ADS. The underwriters of MINISO’s IPO are Goldman Sachs and Bank of America Securities. According to MINISO’s prospectus, the company’s proposed financing amount is between US$576 million and US$647 million, with the stock code “MNSO”, and is listed on the New York Stock Exchange.
Southeast Asia
Indonesian cosmetics e-commerce platform Social Bella plans to expand its business to Vietnam. According to e27 reports, Social Bella completed a US$58 million Series E financing in July this year. Recently, the platform announced that it would use this funding to enter the Vietnamese market. Founded in 2015, Social Bella has gradually formed a complete ecosystem for the beauty and personal care market from the original beauty e-commerce platform.
Malaysia’s Top Glove plans to be listed in Hong Kong. According to DealStreetAsia, one of the world’s largest rubber glove manufacturers, Malaysia Top Glove plans to go public in Hong Kong and is expected to raise US$1 billion through this IPO. It is expected that the preparations for listing will be completed within 6-9 months. Affected by this year’s epidemic, Top Gloves, which produces medical gloves, has seen a high performance this year, which is generally favored by investors.
India
Zomato platform received a US$52 million investment from Kora Investments. According to Entrackr, Zomato recently received a capital injection of US$52 million from Zomato. This is the company’s third inflow of funds since the company opened its J round of financing in September. Zomato said that this round of financing will be its last round of financing before going public in 2021. According to Entrackr estimates, Zomato is valued at US$350 million.
India’s Tata plans to merge multiple e-commerce companies. According to ET Tech reports, Tata Group is actively considering merging with a number of Indian e-commerce platforms to enhance its combined strength in the retail industry, especially in the new retail sector. Currently, Tata Group is already working with Snapdeal and IndiaMart And Bigbasket three e-commerce start-ups are discussing merger matters. In recent years, the Indian e-commerce field has been fiercely competitive. As an established giant, Tata clearly feels the pressure from Reliance and Flipkart.
Latin America
Latin American e-commerce service platform Nuvemshop raised US$30 million. According to Contxto reports, the Argentine e-commerce service support platform recently received US$30 million in financing to expand its SME website construction services. Nuvemshop was established in Argentina in 2010 Buenos Aires has operations in Brazil and Mexico, And plan in 2021Expanded to Colombia in the year. The company’s CEO said: “The biggest difference between us and Amazon is that we pay more attention to retailers and are committed to reducing retail costs. This is conducive to us forming a unique electronic business model, thereby avoiding competition with giants.
Mexico’s smart upscale hotel Casai completed US$48 million in Series A financing. According to Contxto reports, Casai has recently completed a $48 million Series A financing. The company is building 200 new residences in Mexico City, covering projects such as apartments and villas. It hopes to establish a new type of living mode in Latin America that integrates luxurious living facilities, exquisite design and smart homes.
Other
Australian insurtech company Cover Genius received a US$11 million capital injection. According to Tech in Asia reports, Cover Genius, an Australian insurtech company, has completed a US$11 million Series A financing led by King River Capital with participation from Leap Capital. The company previously worked with Thai e-commerce platform Shopee to promote insurance products.
文｜Pei Yixin@出海
