China’s Ecommerce Firm for Smart TVs Eyes Southeast Asia, Starting with Thailand

Written by: admin on April 12, 2019

China's Smart TV Ecommerce Platform Establishes Partnership with Lazada Thailand

Coocaa, a Chinese ecommerce platform that provides smart TVs, announces a strategic partnership with Lazada Thailand to bring its smart TVs and after-sales services to Thailand. The company aims to eliminate middle-man and providing consumers with the best deal.

The company already had its debut on Lazada Thailand four months ago. It is gearing up to be the trend-setter and leader in Southeast Asia’s TV industry, especially in Thailand.

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Singapore's NTUC Income Partners China's ZhongAn to Introduce Online Insurance for the Tourism Sector

NTUC Income, a local insurance service provider, forges a partnership with Chinese Internet-based insurer ZhongAn Online P&C Insurance to roll out a lifestyle insurance product for the tourism sector by Q2.

The product has an aim to protect both residents and tourists in Singapore against contingent events when they visit specific tourists attractions. NTUC Income is currently testing digital innovation via ZhongAn’s technology platform.

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On-Demand Coffee Startup Nabs Additional $1 Million, Brings Series A Round to $9.5 Million

Indonesia’s Fore Coffee announces that it has secured $1 million in additional funding to increase its Series A round total to $9.5 million. Fore Coffee allows customers to order coffee through a mobile app. They can then pick it up themselves at one of its outlets or get it delivered.

The round was led by East Ventures. The startup has SMDV, Pavilion Capital, Agaeti Venture Capital, and several angel investors as its investors in the Series A funding.

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US's Via Transportation Debutes Bus-Sharing Service in Jakarta's Suburb amid Domination of Grab and Go-Jek

Via Transportation, US-based ride-hailing service, makes its first foray in Southeast Asia with the launch of TRON, an on-demand public transportation provider. TRON offers minibus ride shares in Bekasi, an eastern suburb of Jakarta.

Jakarta is among the cities that traffic congestion plaques the city. This is why ride-hailing players such as Grab and Go-Jek gained their dominance. To have minibusses and vans another option for the commuters in Jakarta makes it an exciting time for the ride-hailing industry.

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Shopee Thailand to Start Increasing Fees Starting May 8th to Potentially Achieve Profitability

Shopee Thailand may be looking for ways to escape being in the red as the ecommerce platform announces to increase fees. In the second quarter of 2018, Shopee reported a total loss of $188.3 million.

We sum up  the new fees announced by Shopee that will be effective May 8th as follow:

  • Commission fee will only be charged to the brands under Shopee Mall. All categories will be charged 3% while the electronic category will be changed 1%;
  • Credit or debit card fee will be increased to 2% from 1.5%;
  • Credit card transaction fee for installed payment will be increased from 4.5% to 5%;
  • Fee for COD orders will be 2%.

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