ClassPass Grows e-Fitness Footprint in Asia with the Purchase of GuavaPass

Written by: admin on January 7, 2019

New York-Based Fitness Marketplace Classpass Acquires Its Asian Competitor GuavaPass

ClassPass, a fitness marketplace startup that provides users access to wellness classes and health clubs, takes over its Asia-based competitor GuavaPass. The deal comes as part of ClassPass’ expansion sprint and plans to grow its footprint in the region.

The deal will grant ClassPass the operations in 11 Asian cities and 75 studio partners which were originally formed by GauvaPass. ClassPass will be bringing on about half of the GuavaPass team as part of the acquisition.

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Apple Shifts Strategy as It Lists iTunes Content on Samsung's Newest Smart TVs

Beginning this spring, iTunes movies, shows, and Apple’s AirPlay 2 will appear on Samsung 2019-model smart TVs. There appears to be a change in Apple’s strategy after the plummet in its stocks over the past quarter over slowing iPhone sales.

Samsung is the first TV maker to have direct access to iTunes content through this new “iTunes Movies and TV” app, but this is not the first time that iTunes content has been accessible outside of Apple’s own ecosystem. Elsewhere, iTunes content is already accessible through any third-movies applications like Prime Video and Google Play.

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Genesia Ventures and VVV Inject $500,000 into Vietnamese B2B Platform for Restaurants Kamereo

A B2B purchasing and sourcing platform for restaurants in Vietnam, Kamereo has received a total investment of $500,000 in a seed round. The fund was from Japan’s Genesia Ventures and homegrown VC firm Velocity Ventures Vietnam (VVV).

The Ho Chi Minh-based startup will use the funding raised in the development of more product features and strengthening its customer success team.

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Tokopedia's Performance Ups Four Times in 2018, Reaches 93% of Sub-Districts in Indonesia

The Indonesian e-marketplace reports that its total transactions, GMV-based, for 2018 has increased four times. Additionally, as many as 25% of their orders were fulfilled within the same day through services such as Go-Jek and Grab Express.

Tokopedia also claims that its services have reached up to 93% of the sub-districts in Indonesia, with the transactions outside Java rising to 66% compared to 2017.

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FitFlop Launches New Flagship Store in the Philippines with the Brand's Local Exclusive Distributor The Primer Group

FitFlop Launches New Flagship Store in the Philippines with the Brand’s Local Exclusive Distributor The Primer Group

The London footwear brand is opening the largest FitFlop flagship store in SM Mall of Asia, the Philippines. It is operated by The Primer Group of Companies, the brand’s exclusive distributor in the country.

FitFlop Galleon is currently offering its Spring/Summer 2019 line, inspired by exotic destinations and bustling bazaars, as well as athleisure fashion that features its proprietary Anatomicush sole.

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Grab's Gets Capital Injection from Tokyo Century, Taking Its Cumulative Investment to $175 Million

Japanese financial services firm Tokyo Century enters a strategic partnership with Grab through an undisclosed investment. The new funding takes Grab’s cumulative investment to $175 million. This comes as Tokyo Century’s objective to expand the automobile businesses overseas.

In 2016, Tokyo Century and Grab have collaborated to run new leasing and car rental option. Grab Rentals will also tap data and advanced fleet management solutions to improve safety standards and reliability.

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