Here’s what you should know.

1. Groupon Malaysia officially rebrands as O2O platform Fave

KFit, which acquired Groupon Malaysia in November last year is now known as Fave.

This move will see Fave integrate all of Groupon Malaysia’s customers as well as deals from businesses such as restaurants, spas, fitness centres, hotels and more; essentially transforming Fave into a holistic lifestyle O2O platform.

Read the rest of the story here.


2. Temasek unit Heliconia launches $422m international partnership fund

This is aimed at helping Singaporean enterprises expand abroad and internationalise their business operations.

With its focus on Asian markets, its policy of joint investment means that local firms can partner with other Asian companies to engage in extending product lines, brands or value chains, or otherwise gaining access to markets, channels and technologies.

Read the rest of the story here.


3. Recommended Reading: Why marketplaces are essential to a retailer’s international strategy

According to a report from Accenture and AliResearch, global cross-border ecommerce is set to reach as much as $1 trillion in 2020. In addition, data has shown that globally 63% of frequent cross-border buyers shop internationally at least once a month.

Online marketplaces have fully integrated IT, stock management and reporting systems that retailers can leverage when selling in a new market. This data can be used to further develop local propositions and manage the allocation of stock.

Read the rest of the story here


4. Community Chatter: KFit founder Joel Neoh shares his thoughts on Fave

Source: Joel Neoh’s Facebook

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