In Thailand, TV Shopping is Not Dead, Expected to Grow 45%

Written by: admin on March 15, 2019

TV Shopping is Not Dead: Market Value Grow 45% in Thailand and Virtual Shopping is still Trending

Thailand’s credit card company, Krungthai Card, held a seminar to equip online merchants with knowledge on data analytics and artificial intelligence to fuel their online businesses. The workshop was joined by the CEO of TV Direct who unveils that TV shopping is not dead and the market value is expected to grow 35%-40% from 2018.

Songpol Shanmatkit, chief executive of TV Direct, said consumer behavior has been moving towards virtual shopping in the past decade, beginning with the advent of 3G wireless services.

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Tourism Malaysia Joins ShopBack to Boost Domestic Travel with Cashback Program During ShopBack's Online Travel Fair

In collaboration with Tourism Malaysia, ShopBack hosts ShopBack’s Online Travel Fair which enables all the online travel sites, travelers can get up to 8% cashback on each travel booking. This has been ShopBack and Tourism Malaysia’s third partnership in such an event. The past ShopBack Online Travel Fair achieved 100% year-on-year growth.

Partners who participate in the fair include leading online travel platforms with the likes of Agoda, Booking.com, Expedia, Malaysia Airlines, BusOnlineTicket, KLOOK, Traveloka, Trip.com, and many more.

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Land Transport Authority (LTA) Grants More Time for ofo to Bicycles while ofo Negotiates for Partnerships

The suspension of ofo’s license to operate in Singapore had the Chinese bike-sharing company removed all of its bicycles from the city-state. But ofo is requesting for more time with the reason reported to be the implementation of QR code system.

Ofo headquarters has informed LTA that it is in “advanced stages of negotiations” to partner Ofo Singapore with another party. However, LTA warns ofo that if ofo eventually does not fully comply with the license requirements, LTA will cancel ofo’s bicycle-sharing license and require them to remove all bicycles from public places.

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Digital Wallet Ovo Acquires Online P2P Lending to Speed Up Its Online Lending Push in Indonesia

Taralite, one of the first fintech startups in Indonesia, has been acquired by Ovo with undisclosed terms. By adding Taralite’s online lending features, Ovo can extend loans and credits to shoppers and merchants in its ecosystem.

The two companies have worked together previously. For example, Ovo’s “Pay-later” option for shoppers on Tokopedia was made possible by Taralite. The two firms have been collaborating since last year.

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Singapore-based Budget Hotel Online Aggregator RedDoorz to Raise $50 Million in Series B

RedDoorz plans to allocate this investment towards growth, particularly in Singapore where it is headquartered and the Philippines where it has established a presence. According to the statement, the fundraising will be led by Chinese venture capital firm Qiming Venture Partners.

Last year, the budget hotel booking platform bagged $20 million fresh off a pre-series B fundraising round led by members of its previously unannounced 2015 seed and 2016 Series A rounds.

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