India’s Affle Takes Over Shoffr to Grow Online-to-Offline Business

Written by: admin on March 11, 2019

Singapore-based O2O Platform Shoffr Gets Acquired by Microsoft-backed Consumer Intelligence Firm from India

Shoffr is a platform that helps convert online engagements of consumers into in-store walk-ins and transactions founded in Singapore. The purchase made by Affle provides the Indian-based company access to Shoffr’s business, brand name, intellectual property rights, business relationships, assets, and employees.

This is Affle’s third acquisition in the past 12 months, and it comes in the form of a cash-and-stock deal. The deal is effective in February, and no financial terms are available. It is speculated that the consumer intelligence company is testing the water of the O2O business given its latest take-over was ‘Markt’ to expand its O2O commerce business.

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Alibaba Teams Up with Chinese Carmaker Chery to Make Cars Available on Aliexpress in Russia

Consumers in Russia will have an online ordering option for cars from Aliexpress. Although the platform has only onboard one brand — Chery — Russian car buyers can make an advance payment online and complete the transaction and pick up their purchases at one of 100 offline Chery dealerships across Russia.

The automobile category is becoming the Alibaba’s rising star. During last year’s 11.11, the sales of automobile products surged to 20 times daily. Also, Alibaba has been expanding its presence in Russia for some time, including a $2 billion joint venture deal in September with local internet company

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Despite Being a New Entrant, GrabFood's Popularity Surges in Vietnam

A survey by Kantar TNS reveals that GrabFood is the most often used food delivery service in Hanoi and Ho Chi Minh City, as cited by 68% of respondents. In addition to that, 98% of the 600 polled population in Hanoi and Ho Chi Minh were satisfied with GrabFood’s service. Driver-partners also saw a 20 percent increase in income from delivering food and parcels, according to latest statistics from Grab.

This considers a success for GrabFood, given that it is a new entrant in the Vietnamese market and the local food delivery scene is highly competitive with the likes of, Now, and Vietnammm all in the fray.

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Singapore-based Sea Raises $1.5 Billion in Secondary IPO in the US

About a week after raising $1.35 billion in a share sale, Tencent-backed Sea today confirms additional funding of $1.5 million in its upsized offering of American Depositary Shares (ADSs).  In this round, the company has sold a total of 69 million shares at $22.50 each.

Sea expects to invest the net proceeds for business expansion and other general corporate purposes. Together with its previous round, Sea founder and CEO Forrest Li says that the sales put the company in a very strong cash position to fuel its growth plan.

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Airbnb Confirms the Acquisition of the $463 Million Worth of Hotel-Booking Platform - HotelTonight

HotelTonight, the developer of a hotel-booking application that lets travelers arrange last-minute accommodations, will be purchased by Airbnb for an undisclosed amount. When the deal completes, the HotelTonight app and website will continue to operate independently, with co-founder and CEO Sam Shank reporting to Airbnb’s president of homes, Greg Greeley.

According to TechCrunch, the deal was previously reported by The Wall Street Journal, which wrote in January that negotiations for the transaction had “gone cold.”

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