Line TV plans to expand their viewership to the mass market in 2019 and solidify their first place position in online video platform through new content. This year, the company had grown their service base from Bangkok to the suburbs and, by next year, the provincial market. As of now, Line TV has more than 161 content partners, including TV stations, Line’s own original content team, and overseas content producers.
The media platform has seen tremendous growth this year. Content rerun on TV increased by 70%, music content increase by 135%, and Line TV original content increased by 67%. The advertising revenue for two quarters this year was also twice the industry’s ad revenue.
Hyundai Motor and Kia Motors have invested $250 million in Grab and partnered to launch electric vehicle (EV) programs in Southeast Asia. To boost awareness and adoption of EVs in the region, Hyundai Motor affiliates and Grab will be gathering stakeholders from the EV industry.
The EV pilot projects will take place starting next year in Singapore. Through these projects, not only will it aim to reduce costs for Grab’s diver-partners but also improve the EV infrastructure in Southeast Asia by collaborating with influential regional players like infrastructure companies and the government.
Under the new partnership, Park N Parcel’s 1,600 parkers, or retail stores and registered individuals that assist customers in receiving parcels, will join SingPost’s last-mile platform LaMP. Through the platform, all collection points by different delivery providers will be combined into a unified network, allowing seamless deliveries and more precise delivery control.
In other news, SingPost is also seeking to add other regional retail and logistics partners to its LaMP platform, including an Indonesian last-mile operator that has 1,500 collection points and operates in 58 cities.
Over the next five years, Alibaba will be importing $200 billion worth of goods from businesses of all sizes in over 120 countries worldwide. This initiative is in line with the company’s long-term commitment to globalization and its effort to satisfy the local consumer demand for high-quality international products.
China’s cross-border ecommerce market has grown immensely. For instance, the proportion of imports to total ecommerce sales has risen to 10.2% last year, from 1.6% in 2014. The number of shoppers on Tmall Global have also increased ten-fold over the span of three years.
Singapore’s fintech company Wallex Technologies will be entering the Indonesian market following the acceptance of the BI Money Transfer License from Indonesia and MAS Remittance License from Singapore. As such, Wallex Technologies will be one of the first fintech firms to offer these services in the two countries.
Wallex Indonesia will be serving SMEs from all sectors and aims to improve international payment experience by allowing SMEs to make and manage all payments online. This service will be available 24/7.
With the retailer expanding its online sales to 106 countries, Zara apparel will now be available in 202 countries. This means customers in Indonesia, Angola, Ivory Coast, and more will be able to order through Zara’s ecommerce platform and pay all purchases, shipping costs, and customs fee in euro.
Other than Zara, its parent company, Inditex, plans to make all its brands available globally online by 2020. Inditex currently owns numerous brands, including Bershka and Massimo Dutti.