Thailand’s super app, LINE MAN shares its success from 2018 that it has seen a 300% increase in its services and secured up to 1.5 million users per month. Offering delivery for food, groceries, and ride-hailing, LINE MAN says that it has observed the strongest growth in food delivery while, being its new unit, its ride-hailing business also gaining higher tractions.
Despite realizing that the competition will be intensified this year, considering Grab and Get in Thailand, LINE MAN is positive that the success will continue. Given a strong presence in Thailand, its 2019 target remains a three-digit growth.
In 2014, Temasek purchased the stake in Watsons from Hong Kong tycoon Victor Li for $5.6 billion. At that time, the retailer planned to list in the next two to three years in Singapore and Hong Kong. Now that its IPO future is fading, Temasek is working with an adviser to consider possibilities for its 25% holding in Watson.
There is no certainty at this stage but according to people with knowledge of the matter, Watson has received some preliminary interest. The options for Temasek also include a partial sale.
Philips Leads in a $6 Million Investment in a Monitoring and Information Platform for Expecting Mothers
BabyScripts, the pregnancy-focused app developer and device manufacturer, has secured a $6 million early-stage investment, led by Philips. Through this investment, Babyscripts will partner with Philips’ mother and baby unit to build more virtual care obstetric and pediatric services.
With stakes in BabyScripts, Philips is expected to access the pool of information to better target the postpartum mothers and early stage pediatrics. The funding is reported to help BabyScripts with acquiring market share while building even more products for patients in pregnancy.
The platforms will connect content creators and users in a virtual bazaar, with Bilibili creatives registering for Taobao accounts while promoting merchandise through interactive content.
The focus will be on products and services related to lifestyle, fashion, as well as anime, comics, and games (ACG) movies and novels. This deal comes as the video streaming site Bilibili is trying to sell more Japanese anime-style skirts to its young viewers.
In its Series C funding round, Indonesian multi-platform media company receives funding led by EV Growth, with participants including Thailand’s True Digital & Media Platform and LINE corporation.
Through the new investment, IDN Media aims to accelerate readership growth through the nationwide hyperlocal strategy by expanding its product offerings and technology and exploring strategic partnerships and acquisitions.
The US-listed digital payment and ecommerce platform KinerjaPay receives total funding of $200 million from Indonesian project construction firm Investa Wahana Group. As part of its expansion plans, KinerjaPay will use the proceeds to fund its peer-to-peer lending operations, potential acquisitions, and strategic investments.
the total investment by Wahana Group consists of a subscription of $100 million worth of shares in KinerjaPay’s Series F round and an additional $100 million in shares of the company’s Series G Convertible Preferred Stock.