Here’s what you need to know.

1. Rocket Internet is entering the temp recruitment industry

The latest startup to launch in Asia is Ushift, a marketplace for businesses to hire temporary staff. Ushift will officially launch on January 16 with Singapore as its first port of call.

The decision to launch this startup is due to Southeast Asia’s fragmented short-term recruitment system. There’s a lot of demand from event management firms and restaurants, but most of the last minute recruitment is done through word of mouth or Facebook groups.

Read the rest of the story here.


2. Must Watch: How Amazon arranges its ‘Prime’ warehouses



The reason it looks like such a mess is why an Amazon prime customer is able to place and order and get their items in an hour.


3. Indian fashion ecommerce firm Fynd targets southeast Asia 

“If you look at Middle East or Southeast Asia, they have very similar structures in terms of how retail organisations are—they’ll have a master franchisee and their own systems. We’ll start off with Southeast Asia first because delivery in-store infrastructure is much more well-developed there than in Middle East,” says Harsh Shah, Fynd’s co-founder.

Earlier this month, Fynd also deployed an omni-channel in-store product called Fynd Store that allows customers to browse through all products of a particular brand on screens placed inside the brand’s physical outlet.

Read the rest of the story here.

What is Foodpanda? 

Foodpanda is Rocket Internet’s global food delivery service, present in 22 countries, 500 cities with a strong footprint in Asia. The company has raised $318 million in funding since its inception and will now be sold to rival Delivery Hero.

The company had already shut down its Indonesian arm a few months ago and sold its branch Vietnam in 2015 after struggling to compete with local rivals.

What does Rocket Internet get for Foodpanda? 

Stock in Delivery Hero, which gives the German conglomerate a total of 37.7%. They previously paid $586 million for a 30% stock in February of last year.

If calculations are done backwards:

  1. $586 million for 30% = 19.5% million per 1%
  2. Foodpanda sold to Delivery Hero for 7.7% additional stake roughly equals $150 million
  3. The company was sold for half the price of its total $318 million funding

Rocket Internet SE said the combined business will process more than 20 million orders a month and operate in 47 countries.

What is Delivery Hero?

Delivery Hero Holding GmbH is an online food-delivery service based in Berlin, Germany. The company launched in 2011 and now operates in 33 countries internationally in Europe, Asia, Latin America and the Middle East and partners with 300,000 restaurants.

Why did they sell Foodpanda? 

According to TechCrunch source,

Foodpanda has slashed the asking price for its Indonesia operations to basically zero after more than a year of unsuccessfully trying to offload it.

The company is reevaluating its entire business across [Southeast Asia], and it has already made tentative efforts to sell in some countries. The company expanded in Asia via a series of acquisitions, which, in many cases, ironically leaves it without obvious suitors.

With more on-demand services like Go-Jek and LINE Man offering delivery services, how will the combined company fare? Tweet us with your answer @ecomIQ.

Here are today’s most news worthy ecommerce headlines.

1. Rocket Internet says it lost $682m so far this year

More financial earning reports from Rocket:

The earnings statement touts several achievements, such as improving profit margins and net revenue, bragging that selected companies have reached record revenue in the year so far.

Read the rest of the story here


2. Singapore becomes a test bed for Citi Pay e-wallet

Entering the already crowded e-wallet marketplace is Citi with the official launch of Citi Pay, a digital wallet developed by the bank. It says Singapore is the first country in the world to have Citi customers have access to its new e-wallet facilities.

Read the rest of the story here


3. New study encourages Amazon restrictions

Within the company, the report claims that Amazon is driving down wages of manufacturing and delivery jobs with a long-term goal of automating thousands of positions. And the company is doing this while taking millions in public subsidies to build warehouses around the country.

Read the rest of the story here

Wind down from a busy Wednesday with these headlines.

1. Rocket’s fashion stores are doing better, but still bleeding cash

German startup factory Rocket Internet today announced financial results for its fashion ecommerce stores in the months of July, August, and September. Overall profitability, however, remained elusive – a persistent trend that Rocket seems to be struggling to shake off. The emerging market incubator said it lost a little over US$34 million in the three months alone.

Read the rest of the story here


2. Amazon plans to launch ‘Brand Central’ to target counterfeits 

Details about Brand Central remain vague, but the people describing the project say Brand Central will help smaller sellers protect their trademarks and other intellectual property. Ensuring the source of products is also part of the project.

It’s unclear when, or if, Brand Central will roll out publicly or whether that name will be used.

Read the rest of the story here


3. DHL ecommerce invests in India to tap surging demand

Through its subsidiary Blue Dart Express, this investment will go into the expansion of its air hubs in Delhi and Mumbai, which are part of its network of 13 air hubs in India. The latest investment supports the growth of B2C e-commerce in India, and is part of the company’s broader plan to aggressively expand across Asia Pacific.

Read the rest of the story here

Here’s what you need to know for today.


1.Vietnam’s NextTech Group aims to be Rocket Internet of Southeast Asia

NextTech Group for Technopreneurs, the Vietnamese company that has invested in Indonesia’s first cross-border shopping platform WeShop – aims to build the Rocket Internet of Southeast Asia. This expansion is mutually beneficial for both his company and the regional ecosystem. The venture building model helps early stage startups grow with the builder’s existing resources and networks.

Read the rest  of the story here


2.The coming wave of ecommerce for consumer goods

Ecommerce is now a big and growing share of many FMCG product categories across the world. In many cases, these brands no longer need research-and-development departments, factories, salespeople or retail outlets. The combination of OEM suppliers, digital marketing platforms and ecommerce has disrupted the traditional barriers to entry and is reinventing the path to purchase. Read on how FMCG brands in Southeast Asia can welcome the digitalization of their industry.

Read the rest of the story here


3. Big C Vietnam closes Cdiscount

Big C Vietnam says it will close its eCommerce site Cdiscount by the end of December.

The closure appears to be part of a policy change from Thailand’s Central Group after it bought the supermarket chain in April in a $1.14 billion deal. The company will soon change the chain’s name and it has other eCommerce brands and established sites it could expand into Vietnam.

Read the rest of the story here

It’s Monday again, catch up with key headlines from the weekend here.


1. Wal-Mart boosts stake in

Wal-Mart Stores Inc. has reportedly increased its stake in Chinese eCommerce website, Inc., to 10.8% from 5.9%. The move comes nearly four months after Wal-Mart inked a deal with to sell its Chinese eCommerce business, Yihaodian to Read the rest of the story here.


2. Thailand considering third tier bourse for startups

The National Startup Committee and Stock Exchange of Thailand (SET) are working on setting up a new bourse to provide another fundraising option for Thai startups. Thailand currently has two bourses, which are the SET and the Market for Alternative Investments. However, the criteria of both exchanges are difficult for startups to meet, for example, the minimum of registered capital and the requirement of profit for three consecutive years. Read the rest of the story here.


3. Rocket Internet denies shutting down ecommerce startup Kaymu

“It is not correct we shut down Kaymu,” Klose said in her email reply. “We merged Kaymu and Daraz earlier this year. Under the umbrella of ‘Daraz Global’ Kaymu MM and have merged and sellers of Kaymu have been moved to platform successfully.”

Read the rest of the story here