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The Malaysia-based company said today it has raised $7 million in Series A funding led by Headline, with participation from AltaIR Capital, Smart Partnership Capital, Sterling Oak Group and Calendula Ventures. For example, it recently localized Respond.io Malaysia-based Respond.io Its product-first strategy means Respond.io
Chinas Great Wall Motor is poised for its big entry into Southeast Asia, as the automaker said on Monday it would begin manufacturing its cars in Malaysia and Indonesia as early as July, in addition to its planned entry into Vietnam, local media reported.
Una, one of the largest e-commerce aggregators in Asia, has already established its presence across Asia, including Singapore, Australia, India, China, Indonesia, Malaysia and Taiwan, since its launch in 2021. . The e-commerce market of South Korea is expected to increase up to $250 billion by 2025.
Peeba says the lack of B2B-focused online wholesale solutions and tech infrastructure hampered Asia’s antiquated B2B retail, wholesale market in business growth and new market entries during the pandemic. Lai said its localization effort isn’t just focused on supporting multiple languages.
Indonesias trade officials said Temus business model conflicts with local government regulations, which require a distributor or intermediary to be present in the product’s journey from factory to consumer.
The app also has an AI-based nutritionist called Ria that is trained for cuisines in different markets through a combination of user-tracked data, guidance from local nutritionists and databases from sources like the United States Department of Agriculture. We begin by building a food database with local foods. Today in the U.S.,
Oyo is ready to explore the public markets. The eight-year-old Indian budget hotel giant has filed the paperwork (PDF) with the localmarket regulator for an initial public offering, in which it is seeking to raise about $1.16 to name a few markets. Oyo’s offerings.
The three guests individually presented insights into their localmarkets and the varied challenges involved in developing the digital economy. Empowering women to build their own businesses in Malaysia Fintech, short for financial technology, refers to the use of technology and innovation to provide financial services and solutions.
Despite dealing with the pandemic’s impact in all of its markets, including Hong Kong and Malaysia, the company began to see business improve during the second quarter of this year. Taiwan startup FunNow gets $5M Series A to help locals in Asian cities find last-minute things to do.
The company fits into a theme I’ve noticed amongst startups, namely a focus on taking proven software genre approaches to specific parts of the world, localizing them and building in-region winners. BrioHR competes with local companies that are more focused on providing single solutions, like payroll management.
Founded in Sydney in 2014, the company is now expanding into Southeast Asian and Western European markets. Employment Hero began entering new markets in October 2020, launching localized versions of the platform in New Zealand, the United Kingdom, Malaysia and Singapore.
Luckin Coffee plans to bring its beverage brand to the Malaysian market with a local partner as the Chinese coffee chain expands beyond Singapore, its first foreign location. Malaysias media outlet The Edge cited sources familiar with the matter in a report on Thursday.
Mental health startup Intellect ’s ambitious goal is to be available across the Asia-Pacific, but ensure localized, culturally-competent care in each of the many markets it serves. For example, Singapore, Hong Kong, Japan, Australia and New Zealand are all core markets. The first half of Series A was announced in January 2022.
Glorang will use the Series A to expand its service to Japan and Malaysia by the fourth quarter of this year and Taiwan, Thailand and Vietnam in the following years, Hwang said. It also plans to increase its headcount. . The company claims Gguge has more than 100,000 users in South Korea. .
It is currently used by over 10,000 merchants in Singapore and Malaysia, with plans to expand into more Southeast Asian markets, including Thailand, Indonesia and the Philippines. But in each country we launch in, that will look very different, so we will look at local payment methods in every country.
The capital will be used for expansion and growth in markets including New Zealand, Southeast Asia and the United Kingdom. Employment Hero doubled the number of its full-time employees to 200 last year, and launched versions in New Zealand, the UK, Malaysia and Singapore. Virtual HQs race to win over a remote-work-fatigued market.
More than 80% of households in Indonesia, Malaysia, Thailand and Vietnam own two-wheeled vehicles, but the majority are fueled by gas. kW) and 2 times the range (100 km versus 50 km) of most electric motorbikes in the market, at the same price point. In 2018, he moved back to Vietnam and launched Dat Bike.
Glints’ platform currently has three million professionals in five markets (Indonesia, Vietnam, Singapore, Malaysia and Taiwan), and 50,000 companies that are seeking workers, including AIA, IKEA, GetGo, KKday and Gameloft. Glints’ team. Despite layoffs, there’s still a talent crunch in Southeast Asia.
Teams that have been hit hardest include operations, financial and human resource departments, plus some sales and marketing teams. ” In Malaysia, regional companies still hire cross-border, but local companies have shifted back to local hiring.
ThoughtFull’s main operating markets are Singapore and Malaysia, but it now has users in 43 countries. Its app, which launched in 2020, is available in five languages: English, Bahasa Malaysia, Bahasa Indonesia, Mandarin and Cantonese, along with coaches who are also fluent in Tamil, Thai, Vietnamese and Tagalog.
Suddenly the malls are closed, so we’ve been able to sign some of the bigger retail outlet groups in the market as well.”. Digital payments in most Southeast Asian markets are extremely fragmented, with consumers using everything from digital wallets, buy-now-pay-later services and virtual accounts to traditional debit and credit cards. “For
London-based Kodland , which started out back in 2018 offering in-person courses for children to learn digital skills like computer programming before switching focus to online learning from early 2020, has closed a $9 million Series A funding round to scale into more markets. Ireland, the U.S., Ireland, the U.S.,
oDesk claims that it dominates the market of online freelance marketplaces with $360 million spent by its clients in 2012; this number for the five closest competitors combined – Elance, Freelancer, Guru, People Per Hour, and 99Designs – reaches only $310 million. According to the last stats provided by oDesk itself, the company has 4.5
The new funding will be used to grow its customer base in Singapore, Vietnam and Indonesia, and expand into new markets in Southeast Asia, like Malaysia, the Philippines and Thailand. This lets Jenfi continuously monitor its borrowers’ business activity, including revenue growth and marketing return on investment.
These include preventing overfishing, protecting coastal ecosystems and giving small-scale fisheries access to more resources and markets. The first one was market access and getting fair prices for seafood. But Aruna’s founding team saw two major problems while analyzing coastal communities. The second was access to working capital.
We feel like there is a clear gap in the market, namely conventional, productive and larger ticket size consumer lending products offered on a user-friendly digital platform,” he said. Indonesia’s mortgage penetration rate is also just 3% of the local GDP, one of the lowest in Southeast Asia.
The startup plans to monetize by reserving 20 percent of the impressions for Cost Per Action-based pure performance marketing. Toy Cloud aims to offer tools and apps to make use of existing toys on the market. They’re running a test in Malaysia and are gearing up to launch in Beijing soon.
Tiger Global’s latest investment in India is Vecmocon , a startup building solutions to bring safety and reliability alongside intelligence and health monitoring to light electric vehicles (EVs), addressing concerns that are curtailing the sales of electric scooters in the South Asian market. Some have even caught fire in the recent past.
South Asia, for instance, has the lowest average remittance costs across all regions at 4.95% (these percentages are reported on a standard $200 transfer); therefore, it makes sense to tap into the opportunities the market presents. The company claims to be growing at 396% year-on-year since 2019 and has hopes to continue in that fashion.
The platform will look to follow in the footsteps of the likes of Temu with an initial move to cover Asian territories including Hong Kong, Singapore, Malaysia, and South Korea. Why it matters: The move illustrates Taobaos efforts to tap into a broader global market while also engaging in competition with Pinduoduo at home.
The company offers a complete spectrum of e-commerce support services for direct-to-consumer (D2C) brands, from making a website, setting up a payment system, and managing marketing to handling shipping, warehousing, and logistics. In other words, Plugo enables D2C merchants to focus on their products and supports other processes.
Xu declared that Thailand is one of Cherys strategic markets, along with Malaysia and Indonesia, after the Chinese manufacturer revealed plans in July to establish manufacturing facilities in the three countries as part of its expansion into Southeast Asia. Caixin, in Chinese ]
Waze will also close several of its offices in the Asia-Pacific and Latin America regions as it seeks to refocus its business on certain markets. Of the 30 people receiving pink slips, most are from the company’s sales, marketing, and partnerships divisions. Waze will “rethink priorities,” CEO Noam Bardin said in the email.
The market opportunity is there. ” It is also eyeing other markets. Xendit recently expanded into the Philippines and also is considering other countries in Southeast Asia, such as Thailand, Vietnam, Malaysia and Singapore, according to Wijaya.
This marks Netas debut in Indonesia, having previously expanded to Thailand, Malaysia, and other ASEAN countries. Additionally, Neta has signed an agreement with Indonesias PT Handal Indonesia Motor to start localized assembly and production in the country from the second quarter of 2024, according to the firms statement.
Level Infinite, the overseas gaming distribution arm of Tencent Games, announced on Thursday that it has launched a global version of its hit mobile game Honor of Kings in a swathe of new international markets including Japan, South Korea, North America, and Europe. billion ($1.88 billion ($4.77 In 2023, Honor of Kings reached nearly $1.48
Xfers says it has access to more than 10 million underbanked consumers in Indonesia through its work with agent banking services, and also plans to expand into Thailand, the Philippines, Malaysia and Vietnam. We’ll cover every aspect of company building: Fundraising, recruiting, sales, legal, PR, marketing and brand building.
Una currently has teams in Singapore, Malaysia and Australia and plans to expand in Southeast Asia before entering Taiwan, Japan and South Korea. To scale up, the company is currently building technology to automate its valuation process and will also have local teams in each of its markets.
Kikoff is hiring for 10 roles (a mix of hybrid and remote), including senior product manager, associate product manager, senior product designers, engineers and a growth marketing manager. Sellers who opt to sell their home on the market will be paired with a local Zillow Premier Agent partner. For those of you in the U.S.,
Why it matters: The news comes after Chinese car brands combined market share reportedly swelled by six points to 11% in Thailand in 2023, thanks to growing demand driven by favorable subsidies and tax breaks for EV purchases. The EV giant captured 4% of the countrys auto market with sales in 2023 of about 30,000 EVs. Credit: Zeekr
Four hundred million people in the region already use the internet, but by year’s end, one estimate suggests that 80% of the population over the age of 15 in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam will be digital consumers. Since Big Tech came to Denver, investors can’t buy enough local startups.
million electric vehicle factory in the countrys coastal Rayong province, the latest development by Chinese automakers to expand their reach in the global car market. million vehicles annually in overseas markets by 2030, which would represent a fivefold increase from last years 250,000 units.
They are all part of TechSoup Asia , which serves charities in the Philippines, Malaysia, Singapore, Thailand — and now Vietnam and Indonesia. TechSoup Asia Asia is a nonprofit collaborative venture between TechSoup Global and its local nonprofit organization partners, Connecting Up Australia and the Hong Kong Council of Social Service.
The company has bucked an industry-wide weakening market this year, posting an 89.3% The journey usually starts in developing countries in Latin America, Africa, and the Pacific region, and ends in Europe and the US, despite geopolitical uncertainties still the most competitive auto markets in the world.
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