Southeast Asia E-commerce Business Intelligence
May 31, 2017
May 30, 2017
VNG CORPORATION TO LIST ON NASDAQ, IS THE FIRST VIETNAMESE FIRM TO HAVE OVERSEAS IPO
Vietnamese internet group VNG Corporation has signed a memorandum to list on the world’s second largest stock exchange, Nasdaq. The proposed IPO would make VNG the first firm from Vietnam to list overseas.
The timing and size of the IPO was not disclosed, though VNG Corporation CEO and Co-Founder Le Hong Minh expects the process to take 18 to 24 months.
“It’s a very good sign that a Vietnamese company can become a global company by going to a global capital market,” Minh said. “It will help attract a lot of attention and investment to Vietnam.” [Read more]
Strategic review for the financial SSC of an agricultural company.
Strategic plan and new Information Systems outlines for the Tunisian postal operator.
Analysis of the market and its players for the Vietnamese mobile business.
Creation of an internal headhunting company for a big agricultural company (US$ 6 billions).
Launch of the weekly ASEAN e-commerce Business Intelligence report. <See more>
May 25, 2017
LAZADA AND SAMSUNG SIGN FIRST REGIONAL DEAL
Alibaba-backed Lazada Group, which owns dominant regional e-commerce player Lazada, has expanded the strategic partnership with its brand partner Samsung Electronics Southeast Asia and Oceania.
The expanded partnership marks the first ever regional contract between both parties spanning six countries: Malaysia, Singapore, Indonesia, Thailand, Vietnam and the Philippines. The two will be working on strategic initiatives to make the full suite of Samsung’s products more accessible to consumers.
As part of the deal, Lazada, through its data science, will help Samsung in reaching out to specific shopper segments more accurately based on browsing and buying patterns. With better insights on the shoppers, Lazada said it will be able to implement targeted outreach for Samsung’s products to help Samsung win more customers in Southeast Asia. [Read more]
May 30, 2017
GLOBAL FORUM URGES STRONGER E-COMMERCE SECURITY
The Payment Card Industry Security Standards Council recommends strong security standards in the payment system in order to foster the e-commerce industry in Thailand.
The country is experiencing tremendous growth and drawing interest as a hub for e-commerce. However, the high volume of money is also attracting fraud and cyberattacks, and deterring customers from utilising the online channel, according to Jeremy King, international director of the PCI Security Standards Council.
He said one of the biggest challenges facing the industry in Southeast Asia is the weakness of passwords and usernames. He also said e-commerce merchants should also make sure that the devices they use have been tested and passed security standards. [Read more]
May 26, 2017
FINGERPRINTING FOR SIMS MADE MANDATORY
The Thai government through the National Broadcasting and Telecommunications Commission (NBTC) announced today that it will oblige mobile phone users to register their fingerprints online by January 1, 2018.
Valid for both pre-paid and post-paid SIM cards, failure to register within the deadline will result in the mobile phone users being unable to use the service. The fingerprint ID system is aimed at creating greater security and benefits for mobile users, especially mobile banking service.
The number of fingerprint registration machines will be delivered to mobile operators nationwide, with 30,000 machines targeted by year-end. Through a fingerprint enrolment process, mobile operators will scan each person's fingerprints, which will stored on the national ID card database and the NBTC's secure database. [Read more]
May 28, 2017
MINISTRY OF COMMERCE LAUNCHES ONLINE FRUIT SHOP
Thai Ministry of Commerce has been prepared to launch fruit sales online, expecting it to become a direct medium between consumers and farmers.
According to Deputy Commerce Minister Sonthirat Sonthikirawong, the “Offline 2 Online @ Chanthaburi” project should increase product distribution, and make the buying and selling of fruits even more convenient for entrepreneurs with the use of technology on www.eastfruit.org.
Chanthaburi province has been chosen for the pilot project because it is well-known among foreigners and recognized globally and the province is adjacent to Cambodia.
The website will provide consumers with information on the middle price of each kind of fruit to prevent confusion. [Read more]
May 30, 2017
MAKATI LAUNCHES DIGITAL PAYMENTS CARD FOR GOVERNMENT TRANSACTIONS AND PURCHASES
Philippines Makati city government, along with Ayala-led Globe Telecom and iBayad Online Ventures Incorporated, have launched an all-in-one card for Makati City residents and government employees.
Dubbed the Makatizen Card, it allows the city's estimated 500,000 residents to access city government services, pay fees and taxes, as well as receive cash allowances, stipends, and other monetary benefits.
City government employees, meanwhile, can use their Makatizen Card to receive salaries and allowances. Beyond that, the card also functions as an automated teller machine (ATM) card and carries with it all the features of Globe's GCash digital payments platform. [Read more]
May 26, 2017
INDONESIAN TELCO INDOSAT OOREDOO SHUTS DOWN ECOMMERCE ARM – CIPIKA
Indosat Ooredoo, Indonesia’s second largest telcom by revenue, says it’s shutting down its ecommerce site Cipika. The website has posted a thank you note to customers, saying that it will cease operations by June 1st. It has already stopped taking orders by May 22.
The shutdown was part of the company’s shift in strategy away from launching new business units in-house. Indosat said aspects of its e-commerce business had performed adequately, but were not scalable. It now plans to collaborate with experienced partners and focus on core businesses. [Read more]
May 30, 2017
OCBC ROLLS OUT STANDALONE MOBILE PAYMENTS APP
Singapore’s OCBC Bank has launched its first standalone mobile app for QR code cashless payments at nearly 2,500 NETS terminals.
The new OCBC Pay Anyone app brings together all its Pay Anyone services – peer-to-peer e-payments, QR code payments, and integration with Siri and iMessage – into one place.
Pranav Seth, OCBC Bank’s head of e-business, business transformation and fintech and innovation group, calls it “a war on cash!” as its customers have “embraced the movement away from cash and increasingly adopted paying other individuals using just phone numbers”. [Read more]