Posts

Before you get started on your Tuesday, here is what you need to know.

1. Grab is now hiring government insiders to grow its business

In a move that mirrors ex-Obama advisor David Plouffe’s position at Uber, Grab’s latest hire is Badrodin Haiti, the former chief of Indonesia’s national police. Haiti will be taking on the role of President Commissioner, managing corporate governance.

This is interesting because: The Indonesian government laid out regulations for ride-hailing services last year, which place restrictions on the types of cars in service and a ban on so-called independent drivers. Grab is currently looking to expand further into the country, and would most likely benefit with an insider on board.

Read the rest of the story here.

 

2. Recommended Reading: Online resale startups enter an international growth race

Although VCs and fashion startups tend not to see eye-to-eye, with fashion founders often having to defend their company against male investors who don’t shop online.

However, investors are seeing an opportunity in the online resale marketplace. According to data from fashion investment community FashInvest, investors funneled more than $175 million into the online reselling industry in 2016. The question of when the inevitable bubble will burst has been raised, but it hasn’t happened yet.

For investors, the marketplace makes sense: it’s steadily aligned consumer behavior, as shoppers aren’t going to simply stop buying Birkin bags or vintage Chanel.

Read the rest of the story here.

 

3. Thailand’s PromptPay launches C2C segment

The launch of C2C PromptPay service is expected to increase the traffic of electronic money transfers, especially through mobile banking channels.

The government has also set the date to roll out the business-to-business (B2B) stage on March 1. The pre-registration for corporate clients was launched at commercial banks last Friday.

There are 20 million accounts registered for PromptPay services, with commercial banks expected to see 30 million accounts registered, with the addition of B2B clients.

Read the rest of the story here.

Here’s some headlines you should know for today.

 

1. T-Hub, Uber launch T-Bridge startup platform

Indian startup incubator T-Hub has joined hands with ride sharing pioneer Uber and TiE Silicon Valley to launch a program that will connect Indian startups with global market opportunities and help bring global new-age companies to the country. Read the rest of the story here.

 

2. Alibaba to Raise Around $1 Billion for Koubei Local-Services Platform

Chinese internet giant Alibaba Group Holding Ltd. is planning to raise about $1 billion to fund the expansion of its local-services platform, Koubei.  The startup works in the areas of online orders for offline services such as food delivery, and has thus far been funded largely by Alibaba and its financial affiliate Ant Financial Services Group. Read the rest of the story here.

 

3. Lazada Malasysia won’t copy Amazon, plans to be strictly online

Its chief executive officer (CEO) Hans-Peter Ressel said Lazada Malaysia will concentrate on strengthening its online shopping business, rather than building physical stores to complement its online services. Read the rest of the story here.

Here’s a quick recap of ecommerce news for today.

 

1. Thailand’s price comparison Priceza raises Series B to double down on Southeast Asia

The company claims a combined 13 million visits per month across its markets and says that Thailand and Indonesia are its biggest ones. In Thailand, it has 7.5 million monthly active users across its website and mobile app. Read the rest of the story here.

 

2. Youtube tackles slow internet in emerging markets

Although not directly ecommerce related, Youtube is launching ‘YouTube Go’ to serve those with slow internet connections in emerging markets, starting with India. This follows a string of similar initiatives rolled out by Google to improve connectivity. The platform will aim at being ‘offline first’. Read the rest of the story here.

 

3. HSBC’s new “Future of Consumer Demand” report highlights how millennials use tech 

According to the report, consumers no longer want to buy things, but focus on ‘sharing economy’ instead. This may result in how ecommerce will have to change and adapt to evolving consumer trends. Read the rest of the story here.

 

4.  Uber-owned Otto to offer freight hauling services using autonomous trucks in 2017

The technology remains under development, but with Uber’s considerable resources now on board, Lior and his team aim to begin working with warehouses and stores to partially automate the driving process and generally improve efficiency. Read the rest of the story here.

 

5. Indian ecommerce war hotting up: Walmart in talks to invest up to $1B in Flipkart

Wal-Mart Stores Inc. is in advanced discussions to invest as much as $1 billion into India’s Flipkart Online Services Pvt, as the two companies battle Amazon.com Inc. in ecommerce, according to a person familiar with the matter. Read the rest of the story here.

Before you get excited about the weekend, check out our ecommerce news roundup.

1. Lazada To Join Tmall.com For 2017 Asean Expansion

Lazada, a leading e-commerce platform in Southeast Asia owned by Alibaba Group, is gearing up to tap into the burgeoning cross-border e-commerce market next year, in a move set to create greater opportunities for small and medium-sized enterprises in Asean and China. Read the rest of story here.

 

2. Unilever said to be the early frontrunner to acquire The Honest Company

The Honest Company sells a number of consumer products like diapers, baby formula, bath and body care, and even laundry detergent. It’s also known for its high-profile co-founder, actress Jessica Alba. Read the rest of the story here.

 

3. Flipkart is still leading India’s ecommerce scene

Amazon India is still second to Flipkart (and is likely to stay so) despite a fast-growing market share, a recent Bank of America, Merrill Lynch report said. Read the rest of the story here.

 

4. Adyen, a payment platform that works with both Uber and Grab might outlast them

Adyen is huge. It processed US$56 billion in payments in 2015, doubled its revenue to US$371 million, and made US$45 million in profit. Read the rest of the story here.

 

5. Image recognition startup ViSenze gets $10M to power ecommerce in Singapore

Oliver Tan, ViSenze co-founder and CEO points out how rare it is these days to raise series B, as not a lot of players in Singapore writes these checks. Read the rest of the story here.

 

Here are the key headlines for today:

1. Apple Pay and Android Pay purchases may hit $8 billion by 2018

In-app purchases and website retail payments are projected to drive annual spend via Apple Pay and Android Pay up to $8 billion in 2018, up from $540 million this year. Read the rest of the story here.

 

2. Frost & Sullivan: Southeast Asia’s ecommerce market to surpass $25 billion by 2020 

Despite the region’s market challenges, Frost & Sullivan has forecasted that Southeast Asia will continue on the path of rapid growth, with B2C ecommerce to lead the way. Read the rest of the story here.

 

3. Indonesia’s Fintech investments to reach $8 billion in two years

According to The Indonesian Chambers of Commerce and Industry (KADIN), transactions through fintech in have escalated along with the number of people going online. Read the rest of the story here.

 

4. Google takes on Uber with the launch of its new ride-sharing service

Google is moving onto Uber’s turf with a ride-sharing service to help San Francisco commuters join carpools through Alphabet, at a cheaper rate. Read the rest of the story here.

 

5. Southeast Asia’s VCs join forces to boost startups

The new group was started by Indonesian venture capital association Amvesindo and its pendant in Singapore, SVCA. Read the rest of the story here.

1. Ant Financial and Tencent receives license to operate digital wallets in Hong Kong

This is considered a big and significant step in the two internet giants’ overseas expansion beyond their bases in China. Read the rest of the story here.

 

2. Amazon launches new platform for car lovers, Vehicles

Vehicles is an extension of Automotive, Amazon’s marketplace for buying actual cars parts like tires or air filters. Similarly, Vehicles is an offshoot of Amazon Garage, which lets you store information about cars you already own. Read the rest of the story here.

3. Google: Indonesia will dominate Southeast Asian ecommerce

The US search giant and Singapore’s tech investment vehicle Temasek presented new, Indonesia-specific material (but not much from the report they released in May). Find the data here

4. Catcha Group is making big bets in online classifieds 

Another Catcha enterprise, Frontier Digital Ventures (FDV), is quietly making moves. Most recently, it raised an oversubscribed $23 million round on the Australian Securities Exchange (ASX). Read the rest of the story here.

 

5. WhatsApp to share its user data with parent company, Facebook

Facebook-owned messaging giant WhatsApp has announced a big change to its privacy policy which, once a user accepts its new T&Cs, will see it start to share some user data with its parent company. Read the rest of the story here

 

6. Uber is making a big leap towards autonomous vehicles

In addition to its headline-grabbing tie-up with Volvo to develop a new base for driverless cars, Uber has also bought the technology start-up Otto. Read the rest of the story here.

 

7. Snapdeal is losing its place in India’s ecommerce landscape

Once the second biggest after Flipkart in India’s ecommerce race, it lost that place to Amazon gradually, and is now broadly considered a distant third in the running. Read the rest of the story here.