Southeast Asia E-commerce Business Intelligence
January 21, 2018
JD.COM LEADS INVESTMENT IN VIETNAM-BASED E-COMMERCE SERVICE TIKI
Chinese online retailer JD.com Inc has made an investment in Vietnamese e-commerce firm Tiki.vn, expanding its Southeast Asia business amid growing competition in the region from Alibaba Group Holding Ltd and Amazon.com Inc.
JD.com co-led the financing with Vietnamese entertainment and social media firm VNG Corp, which is an existing investor. The firm did not disclose the size of the funding but said that JD.com will become one of Tiki’s largest shareholders alongside VNG following the deal. Vietnamese media had reported in November that the round was worth roughly $44.04 million.
“With JD’s expertise in leveraging social media for e-commerce, Tiki.vn’s partnership with VNG in social network and mobile payments is a natural fit,” Winston Cheng, president of JD.com’s international business, said. [Read more]
January 16, 2018
March 2017 - Present
Creation of an European Procurement Share Service Center for 1000 Points of Sales of a big Car repair Network.
France & Belgium
April 2017 - Present
Design the 5 years IT orientations which will support a agricultural company's international strategy.
Strategic review for the financial SSC of an agricultural company.
April 2016 - Present
Strategic plan and new Information Systems outlines for the Tunisian postal operator.
Analysis of the market and its players for the Vietnamese mobile business.
January 17, 2018
UNION BANK OF THE PHILIPPINES LAUNCHES NCR-POWERED DIGITAL BRANCH
NCR Corporation, a global leader in omni-channel solutions, announced that Union Bank of the Philippines will unveil its prototype branch under the bank’s digital transformation strategy.
The branch features NCR’s Interactive Teller solution and has been called “The ARK” – as it will be where banking embarks on a voyage into the future. Interactive Teller will allow UBP’s team of video tellers to remotely deliver 90% of the services expected at a traditional branch.
Accompanying this is the NCR SelfServ 83 ATM, which dispenses cash, accepts deposits and offers a broad range of other services, including bill payment, funds transfer, mobile phone top-up and mini-statements. [Read more]
January 18, 2018
GOOGLE, TEMASEK INVESTING IN INDONESIA'S GO-JEK
Google, Singapore investor Temasek and China's Meituan-Dianping are investing in Go-Jek as part of a US$1.2 billion fundraising round, bolstering the Indonesian ride-hailing firm in its battle with rivals Grab and Uber.
The investments by Alphabet's Google - its first in a ride-hailing firm in Asia - and the other prominent investors underscore both the potential of the business in Southeast Asia, a region of 640 million people, and the insatiable appetite for funds at ride-hailing businesses.
These businesses have been spending heavily to attract both riders and drivers, with discounts and promotions that have drained their cash. They have frequently courted deep-pocketed investors for funds. [Read more]
January 17, 2018
NEW E-HAILING SERVICE DACSEE USES BLOCKCHAIN TECHNOLOGY
The e-hailing services industry in Malaysia has welcomed a new player, with the launch of the Decentralised Alternative Cabs Serving and Empowering Everyone (DACSEE) application/service.
The brand-new ride-sharing service uses an e-wallet system powered by blockchain technology and it looks to grow its driver base by paying out commissions in cryptocurrency. A soft launch was held last Tuesday and the app for the ride-sharing service is to be officially rolled out in April.
Unlike its competitors like Uber and Grab, DACSEE will allow its drivers to form their own “fleets” much like the multi-tier marketing model to earn commissions. The decentralised system will not earn money from the drivers’ commission fees, nor receive extra fees from passenger bookings. DACSEE CEO Alexander Von Kaldenberg is confident the e-hailing service has the potential to succeed due to its unique multi-tier marketing system. [Read more]
January 16, 2018
ALIBABA LAUNCHES ENGLISH VERSION OF DINGTALK IN MALAYSIA
Alibaba Group launched an English version of DingTalk, an enterprise communication and collaboration platform, to boost communications and redefine collaborations for businesses and small and medium-sized enterprises (SME).
Malaysia is the first market to have access to the English version of the platform, which aims to build a more secure, efficient business environment for Malaysian SMEs. DingTalk will focus on building a local service network and an operational support team to ensure there is necessary support for Malaysian enterprises.
The platform currently serves businesses across sectors such as e-commerce, manufacturing, education and finance. It provides functions such as unified communications, office automation, as well as internal and external collaboration. DingTalk’s goal is to create a secure and effective platform which is mobile-optimised, while providing cloud-based office automation solutions and freeing companies from the costs of building or buying software and maintaining their own servers. [Read more]
January 19, 2018
RETAIL CONGLOMERATE LAUNCHES ONLINE MALL ACCEPTING ONLY CRYPTOCURRENCY
MegaX Mall, which will feature items from over 10,000 brands, won’t just be adding Bitcoin and other cryptocurrencies as a mode of payment. Instead, it will make digital currencies the only way to buy items from the platform.
The online mall is an offshoot of MegaX, a Singapore-based cryptocurrency startup targeting the millennial crowd. It has its own cryptocurrency, MGX, which is the preferred payment method on the e-commerce site. The store also accepts Bitcoin Cash.
The e-commerce platform is just one of the many plans the startup has to lure in a young audience. Also slated are events where only cryptocurrency will be accepted and a hardware device for merchants that accepts both cryptocurrency and credit cards. [Read more]
January 16, 2018
NEW SUBSCRIPTION SERVICE TO BE LAUNCHED BY GRAB AND NTUC FAIRPRICE
Consumers will soon be able to enjoy savings and rebates as well as access to grocery and transport services, under a new subscription service jointly offered by homegrown supermarket chain NTUC FairPrice and ride-hailing operator Grab.
NTUC FairPrice and Grab signed a Memorandum of Understanding for the tie-up, which is targeted to be launched in the first quarter of this year. The strategic partnership is designed to complement consumers’ online-to-offline lifestyle, while offering better value, convenience and access on essential goods and services in Singapore
Grab’s group chief executive officer (CEO) and co-founder Anthony Tan said that the launch of the partnership will allow “customers to benefit from additional discounts and perks from FairPrice.” He added: “With both supermarket and transport services as part of this initiative, we are thrilled to provide greater cost-savings and convenience for time-strapped Singaporeans.” [Read more]
January 17, 2018
LAZADA INDONESIA TO IMPLEMENT E-PAYMENT GATEWAY SYSTEM THIS YEAR
E-commerce platform Lazada Indonesia plans to implement an electronic payment gateway system this year, said Lazada Indonesia chief marketing officer Achmad Alkatiri in Jakarta.
The infrastructure of the electronic gateway system will be ready for use in the third or fourth quarter – during the annual National Online Shopping Day (Harbolnas).
“I can't disclose the details of the system yet, but we are in the process of migrating from Lazada’s technology to Alibaba’s at the moment,” said Achmad, adding that the migration was expected to finish in March. [Read more]