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Here’s what you should know today:

1. Google Indonesia: 81 million out of 100 million internet users in Indonesia shop online

Google Indonesia revealed the number of people in the country who shop through online marketplaces has reached about 81 million.

The numbers are quite high, especially compared to Indonesia’s internet population of 100 million users. The country’s population is some 250 million people.

The market will continues to grow as mobile devices play more important role in the way of Indonesian shop in the future.

Read the full story here.

2. Ecommerce is one of the top five activities for Thai mobile users 

Latest survey by the Electronic Transactions Development Agency (ETDA) found ecommerce has replaced e-learning as one of the top five most popular activities in Thailand.

This is the first time ecommerce cracked to the top five. For years, the five most popular activities on mobile devices were communications, entertainment, gaming, online news and information searches, and e-learning.

60% of ecommerce transactions in the country are made on the mobile platform.

Read the full story here.

3. Uber is lining up investors including Softbank and Didi Chuxing

Uber is in exclusive talks for an estimated $12 billion funding round from four investors including Softbank and Didi Chuxing.

US equity firms Dragoneer Investment Group and General Atlantic are said to be the other two investors. Tencent is reportedly also exploring the opportunity to contribute.

The deal, if happened, would allow the company to retain its valuation of about $70 billion on paper.

Read the full story here.

Here’s what you should know today:

1. Facebook launches Watch, a tab dedicated for video content 

Facebook redesigned its video platform and renamed it ‘Watch’ to replace the current video tab. Over time the, tab will become personalised to users’ interest.

At the moment, Facebook is financing creators to make some shows appear in the Watch tab as to seed the app with original content.

But in the future, the company plans to make money by taking 45% of revenues generated by ads in this platform.

Read the full story here.

2. Softbank backs Flipkart in a record investment for India tech company

Flipkart confirmed that Softbank has invested in its business through Softbank’s $100 billion Vision Fund,

The deal will be part of an extension to Flipkart’s $1.4 billion financing round last April which counts Microsoft, Tencent and eBay among the backers.

Both companies didn’t disclose the details of the deal but hint that it’s the largest investment in India tech company and also put Softbank as one of the largest shareholders.

Read the full story here.

3. Co-working space marketplace FlySpaces secured $2.1 million pre-series A

Manila-based Flyspaces has secured $2.1million in pre-series A round led by angel investor Raymond Rufino, co-president of commercial property manager Net Group.

The company is planning to use the money to further develop its technology and fund its expansion in the region, especially Indonesia.

FlySpaces calls itself an “Airbnb for office and retail spaces”. It plays the role of middlemen between the property owner and the renter and take a cut of the booking fees.

Read the full story here

Here’s what you should know today:

1.  MOBY’s Petshop raises fund to expand in Singapore

Singapore-based pet supplies ecommerce MOBY’s Petshop has raised $220,500 (S$300,000) from angel investors.

The company is planning to put the new fund to expand its operations and marketing team, product portfolios, and improving its site and app.

MOBY’s Petshop specialises in private-label pet goods, such as toys, bed and clothes. It offers free delivery and real-time support chat. The company is planning a regional expansion in 2018.

Read the full story here.

2. Softbank mulls over Uber or Lyft investment 

Having backed Grab in the past, Softbank has announced its interest to invest in more ride-hailing companies in the future.

The firm is mulling its option between Uber or Lyft. Last month, a media report said Uber is considering a stock sale to Softbank and other investors.

In its last quarterly report, Softbank revealed the increase of its operating profit to 50% from a year ago.

Read the full story here.

3. Indonesia’s Telkom eyes 10 potential M&A leads in digital companies

Indonesian state-owned telco company Telkom is reviewing 10 potential merger and acquisitions involving fintech, ecommerce, and ICT startups.

The company is also setting aside up to $2 billion for capital expenditure, or almost 25% of its $8.7 billion revenues last year.

Through its VC firm MDI Ventures that’s set up in 2014, the company committed $100 million to invest in global and domestics startups within the span of four years.

Read the full story here.

Here’s what you should know today:

1. Softbank confirms in talks with Flipkart after the failed buyout

After Snapdeal walked out on the buyout deal from Flipkart, Snapdeal’s biggest investor Softbank confirms that it’s in talks with Flipkart for a possible investment.

Rumour is Softbank will be investing $1.5 billion to $2 billion to Flipkart from its Vision Fund. Flipkart recently wrapped up a funding round of $1.4 billion in April led by China’s Tencent.

This investment would further strengthen Flipkart’s effort to gain market share and beat Amazon in India.

Read the full story here.

2. UangTeman’s Series A marks Tim Draper’s first investment in Indonesia

Jakarta-based P2P lending platform UangTeam announced its $12 million Series A led by K2 Venture Capital.

Various investors including STI Financial Group, Draper Associates, and existing investors Alpha JWC Ventures and Teong Chee Hooi also participated in the round.

The financial round also marks the first investment by Tim Draper in the country after visited in June, during which his venture network Wavemaker Partners closed its $50 million fund for the market.

Read the full story here.

3. Iflix raises $133M to expand in emerging markets

Asia-based streaming services Iflix has raised $133 million in fresh funding led by US media conglomerate Hearst, which also back BuzzFeed, Vice, and Roku.

Founded in 2015 in selected Asian countries, Iflix is now available in 19 countries including Middle East and Africa. The company has raised $300 million to date.

Iflix registered five million users in March and claimed to have its revenue up 230% year-on-year.

Read the full story here.

Here’s what you should know today:

1. Following the US, Singapore may regulate some ICOs

The US Security and Exchange Commission (SEC) announced last week that it may regulate certain crypto token sales after deemed it to be securities, Singapore is the first country that has followed suit.

Singapore has developed into an ‘ICO Haven’, especially after Singapore’s central bank’s move to tokenized its currency. However, the Monetary Authority of Singapore (MAS) inform that it will regulate some ICOs.

MAS previously issued advice on cryptocurrencies like bitcoin and ether, which is used for ICOs, but it released this new note in response to the way crypto has evolved into a mechanism for raising funding.

Read the full story here

2. Flipkart is raising $2 billion from SoftBank

Despite the unsuccessful merger with Snapdeal, Softbank is reportedly still in talks to invest in Flipkart.

SoftBank is originally planned to put $1 billion into Flipkart as part of the merger. But on Monday, Snapdeal called off the deal and decided to pursue independent path.

According to reports, SoftBank is looking to invest up to $2 billion in Flipkart. The Japanese firm is also the largest investor in Snapdeal.

Flipkart has also completed its merger with eBay India after first announced the deal in April.

Read the full story here

3. Alibaba to invests in Korean ecommerce Coupang

Alibaba is rumoured to invest more than 1 trillion won or $890 million in Coupang, ecommerce platform based in South Korea.

Although Coupang’s sales are increasing, the company has a cumulative deficit of 1 trillion won or $890 million, caused by logistics investment, and CEO Kim Beom-seok has been trying to raise money in the US.

If Alibaba made the investment in Coupang, it will once again joining forces with Softbank as the Japanese is the current investor in Coupang and it’s expected to completely changed the domestic distribution industry landscape.

Read the full story here

Here’s what you should know today:

1. Amazon’s launch in Southeast Asia could happen this week

The news about Amazon’s expansion to Southeast Asia has been circulating for the past year. Latest report from TechCrunch said the launch to Southeast Asia via Singapore could finally happen as soon as this week.

The plan for Singapore launch was first revealed last November with original window in Q1 2017, but it got pushed back following complications.

Amazon might already begun its promotional activity through online influencers as some high-profile Instagram users in Singapore have posted sponsored teasers with Amazon’s distinctive tick on the packaging.

Read the full story here

2. Softbank might go after Uber after freshly investing in its Southeast Asian rival

Not a week after the news of its $2 billion investment in Grab alongside Didi Chuxing was out, Softbank is reported to have also approached Uber about taking a multi-billion dollar stake in the company.

However, the talks are said to be preliminary and nothing is expected to happen until Uber names a CEO to replaced Travis Kalanick.

SoftBank already commands a pretty significant share of the ride-hailing market in Asia. In addition to its most recent investment in Grab, it also owns stakes in ride-sharing companies Ola and Didi Chuxing.

Read the full story here

3. Grab can now spots unsafe drivers

Ride-hailing app Grab incorporated telematics into its app to automatically spot drivers behaving unsafely. It also now has emergency 191 button for passengers in Thailand.

The feature can spots behavior such as speeding, swerving and hard braking and accelerating, and “educate” the driver about safer ways to drive.

The company ran the successful trial in Singapore last June where it helped reduce driver speeding by 15%, instances of hard braking by 11% and instances of sudden hard acceleration by 18%.

Read the full story here