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Here’s what you should know today:

1. Tokopedia in talks with Alibaba, JD’s deal fall through?

After rumoured for months about possible investment from JD.com, Bloomberg reported that Tokopedia is in talks with another Chinese ecommerce giant, Alibaba.

The company is in negotiations to lead a funding round up to $500 million, joining Tokopedia’s existing investors Sequoia Capital and Softbank – which is also Alibaba’s backer.

An alliance with Alibaba would likely to preclude a deal with JD.com, Alibaba’s biggest rival in China. The deal potentially be the second major investment Alibaba made in Southeast Asia after acquiring 83% of Lazada’s stakes.

Read the full story here

2. Rakuten TV rebrands to take on Netflix and Amazon 

Rakuten’s on-demand video service Wuaki rebranded as Rakuten TV and seek to challenge the likes of Netflix and Amazon.

To promote the new brand, the company also kicked off a four-year global sponsorship with Spanish soccer club, FC Barcelona, which will feature the company name on its players’ jersey, among other things.

The service is currently available in a dozen European countries and Japan.

Read the full story here.

3. Blue Apron shares surge after Amazon scare

Shares of Blue Apron, US-based meal-kit service company, jumped as much as 20% after heavy losses last week caused by the concern about the latest move from Amazon would mean to the industry.

Amazon filed for a trademark for a possible rival service last week, causing frenzy among the analysts.

Blue Apron shares were last up 12% at $7.35, but still well below their $10 initial public offering price. The shares hit a low of $6.23 last week.

Read the full story here

Indonesian ecommerce site Tokopedia is not planning to go public anytime soon. The company believes is still has enough funding to support expansion. Indeed, Tokopedia has recently raised $147.7 million funding, bringing the total funding of $247.7 million which sets the company as the best-funded startup in Indonesia.

Tokopedia operates in an increasingly tight competition in the Indonesian ecommerce market, with rivals like Lippo Group-backed Mataharimall.com, Bukalapak, or Djarum’s Blibli and Alibaba’s Lazada also vying to dominate a market worth an estimated $130 billion by 2020.

Meanwhile, Bhinneka.com, one of the country’s oldest ecommerce companies, has set a plan to sell shares to the public in 2018 to raise more capital. But Tokopedia remains confident that the fund that they got from various investors like Softbank, Sequoia Capital and other undisclosed investors is enough to support growth in the next few years.

“A startup’s target is not just fundraising or IPO. It’s just one of many ways to raise capital. The most important thing is how we can bring value to the community,” said Leontinus Alpha Edison, Tokopedia’s co-founder.

Leontinus admitted that an IPO can boost capital and offer early investors in the company to cash in their gain but he insisted that Tokopedia’s current investors are in no rush to do so.

“An IPO is still very far away for us. It will need a lot of consideration and is not going to happen anytime soon,” Leontinus said.

A version of this appeared in Jakarta Globe on July 31. Read the full article here