Facebook invests in Gojek
Facebook has invested in Gojek, the social media company has just announced.
Gojek this morning indicated that Paypal also joined in with a new funding round (size unknown), with prior backers Google and Tencent also contributing.
Facebook’s unspecified stake in Southeast Asia’s ride-hailing, payments, food-delivery, and local services app is about “serving small businesses and…
Vietnam’s online spending to triple to $35b by 2025
Vietnam’s government has some bold new predictions for its already fast-growing ecommerce sector, reports Reuters. The nation predicts that, by 2025:
Online spending to hit $35 billion—that’s nearly triple 2019’s expenditure
Half of Vietnam’s 96 million people will be online shoppers
Average of $600 spent per person
Ecommerce will rise to 10% of total retail sales
In 2019, Vietnam’s…
Ex-Lazada exec admits defeat with Vietnam fashion store
Despite raising $12 million and being run by a former Lazada executive, one of Southeast Asia’s most audacious new online shopping startups has filed for bankruptcy.
Leflair aimed itself at Vietnam’s growing middle class with mid-range and luxury fashion items—clothes, jewelry, cosmetics, accessories—sold at discounts in flash sales. It curated items sourced directly from a wide range of…
Ninja Van just got its biggest ever funding round amid online shopping surge
With ecommerce booming during the virus outbreak, Ninja Van has secured $280 million in funding to grow its reach across Southeast Asia, where’s it’s used by businesses of all sizes to ship parcels. The startup’s major clients include Lazada, Shopee, Tokopedia, Watsons, and L’Oreal.
This new investment, its series D, included Grab and Facebook co-founder Eduardo Saverin’s B Capital,…
ORIGIN Indonesia 2019
ARTIFICIAL INTELLIGENCE FOOD INNOVATION CHUHAI 出海 ASEAN-CHINA VC INVESTMENTS CHINA'S TECH TRENDS EDUCATION TECH SMART CITY Speakers (Indonesia Edition) What is ORIGIN? TechNode's premier international content track about the latest developments in ASEAN-China's tech and startup scene. For a fast-growing ASIA, ORIGIN aims to facilitate more…
Origin Indonesia | Why Chinese entrepreneurs are going abroad
Left to right: TR Harrington, program director accelerator at MOX and SOSV; Johnny Li, co-founder at SuperAtom; Devin He, investment director at Grand View Capital; Andy Li, CEO at Silot; and Dimitra Taslim, investor at GGV Capital, speak at Origin Indonesia 2019 on the chuhai phenomenon. (Image credit: TechNode)
The chuhai phenomenon
From Chinese technology giants to PE & VC firms, Chinese…
ORIGIN Indonesia | Going abroad, food and agritech, China’s innovation
The global digital economy is moving into its next phase as we observe a growing number of Chinese tech companies targeting overseas markets, bringing along their capital, expertise, and technology. As China’s domestic market reaches saturation and experiences a slowdown, Chinese VCs, tech titans, and startups are now eyeing emerging markets to drive sustainable growth.
Huge amounts of money…
ORIGIN Indonesia | 4th edition of ORIGIN by TechNode is coming up in Jakarta
Southeast Asia’s internet economy is expected to cross the $100 billion mark by the end of 2019 before tripling by 2025. Indonesia, the world’s fourth most-populous country and also the largest country in Southeast Asia, with 264 million people, is a promising market given its large, youthful population who is contributing to the high smartphone penetration rate. It is undoubtedly a hotbed for…
ORIGIN Malaysia 2019
SHORT VIDEOS HALAL TOURISM E-COMMERCE VC INVESTMENTS ARTIFICIAL INTELLIGENCE CHINA'S TECH TRENDS MOBILE PAYMENTS Past Speakers (Malaysia Edition) What is ORIGIN? TechNode's premier international content track about the latest developments in ASEAN-China's tech and startup scene. For a fast-growing ASIA, ORIGIN aims to facilitate more interaction…
Origin Thailand | Building Thailand as the next digital hub in Southeast Asia
From left to right: Mr, Thanasorn Jaidee, the president of True Digital Park; Ms. Oranuch Lerdsuwankij, the CEO and co-founder at TechSauce; Mr, Poompong Tancharonephol, investment manager at AddVentures by SCG; and Mr. Nattapat Thanesvorakul, the head of strategy and new ventures of RISE speaks on building Thailand as the next digital hub in SEA at Origin Thailand on September 19, 2019.…