Lazada Netflix Uber

Here’s what you should know today.

1. Paytm is in talk for a $1.5 billion investment from SoftBank

Paytm is reportedly in talks with Japan’s SoftBank Group to raise $1.2-1.5 billion in cash which will place the valuation of the India-based company up to 9 billion.

Getting SoftBank on board as a large shareholder will help Paytm reduce the control of Alibaba and anticipate possible government concerns about a Chinese firm having a strong hold in Paytm.

Alibaba currently owns a controlling stake of 60% in Paytm’s ecommerce business – which was separated from its payment service last year. SoftBank is an early investor of Alibaba.

The investment in Paytm means an opening for SoftBank to the India’s big financial services market.

Read the rest of the story here.

2. Malaysian government-backed agency launches digital hub and entrepreneur initiatives

Malaysian Digital Economy Corporation (MDEC) has announced two new initiatives that will help boost the country’s digitalisation efforts.

First is Malaysia Digital Hub – a program that will provide the necessary resources for startups to scale globally, including funding opportunities, mentorship and other aspects of a conducive business environment such as corporate tax exemptions.

The first three digital hubs are APW, The Co. and Common Ground. They are all located in the Klang valley.

The second is Malaysia Tech Entrepreneur Programme (MTEP), aimed to attract global talents to expand or build startups in Malaysia. The agency will enlist the expertise of Microsoft, Next Academy, Maybank, and Y Academy with Kejora to run the initiatives.

Read the rest of the story here.

3. Lazada teams up with Netflix and Uber ahead of Amazon’s entry into Southeast Asia

In anticipation of Amazon’s expected entry into the region this year, Lazada teaming up with Netflix and Uber to offer Amazon Prime-like membership program called LiveUp.

For a fixed yearly fee of $20 or SG$28, the subscribers will gain access a range of deals across services from these companies.

That includes free/faster delivery service from Lazada and Taobao, promotions for Redmart, free six-month subscriptions for Netflix, and discounts for rides and meal deliveries on Uber.

Lazada is not the only one benefitted from the partnership. It will give Netflix an open it’s needed in the region where people are reluctant to pay for content and Uber will have support in its competition with Grab.

Read the rest of the story here.

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