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Chinas Chery Automobile, which has a manufacturing partnership with luxury carmaker Jaguar Land Rover (JLR), will enter Thailand with an all-electric model in the first half of 2024, Vice President Xu Qingsong said at the China-ASEAN Expo in the southern city of Nanning on Monday. Caixin, in Chinese ]
Chinas Changan Automobile on Tuesday signed an agreement with Thailands Board of Investment in Beijing to build a $241.7 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.
Foxconns EV platform unit, Mobility in Harmony (MIH), is eyeing India or Thailand as a potential location for producing a small battery-powered car currently under development, according to Jack Cheng, the CEO of MIH. Reuters ]
Founded in 2018, Coherent’s platform, called Product Factory, allows insurance providers to digitize their backend operations by uploading Excel pricing models, which means their IT departments don’t need to write new code or re-haul their IT infrastructure. Coherent will focus on China and emerging markets in Asia.
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. That allows retailers to quickly adjust to post-pandemic realities with greater confidence.” .
My first post in this series described how businesses should start when considering expansion into Asia, which is home to some of the largest and fastest growing markets in the world. For example, should they hire in-market consultants, an expatriate based in a hub city, or partner with a local player? Nothing gets done otherwise.
The company uses AI and machine learning-based technology underwrite its motor insurance and employee health benefits products, and says its data models also allow it to automate pricing and scale its underwriting process for complex risks. Sunday also offers subscription-based smartphone plans through partners. million customers.
The Hozon-owned company presented three EV models at the Gaikindo Indonesia International Auto Show on August 10 and has initiated pre-orders for the popular Neta V crossover in Indonesia, with a price tag of 379 million rupiah ($24,967). Neta statement, in Chinese ]
The company’s latest funding will be used to fund acquisitions, expand its financial services portfolio and develop its AI capabilities, which Carro uses to showcase cars online, develop pricing models and determine how much to charge insurance policyholders. Carro’s prices are typically in the middle of the market’s range.
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. Though it has a consumer app, the company primarily takes a B2B2C model, with companies offering it as an employee benefit.
T his might not seem spectacular from a global perspective because it took the startup a year and two months to achieve but it’s a noteworthy feat in African markets. The company, which first launched in Uganda, is disrupting the offline market of local motorcycles referred to as boda-bodas in Uganda and okadas in Nigeria.
Most of its users are in Vietnam, but Edupia is also expanding into other Southeast Asian markets like Indonesia, Thailand and Myanmar, and adding more subjects, including math and coding. Before founding Edupia, Hung spent 10 years as director of digital services at Viettel, the largest telco in Vietnam.
On the back of its successful launch in Vietnam earlier this year, the startup plans to penetrate farther into Southeast Asian countries such as Thailand, Malaysia and Indonesia in 2023, co-founder and CEO Kimberly Yao said in an interview. . We are taking the best practices along with key learnings to our next market launch.” .
In a press statement, Sasidharan said, “Zenyum’s differentiated business model gives it a strong competitive advantage, and we are excited to partner with the founder management team to help them realize their growth ambitions.” This brings Zenyum’s total raised so far to $56 million, including a $13.6
The company plans to expand further in major cities and tourist destinations, including Mexico, Spain, Thailand, Dominican Republic, the U.S. Talixo , Holiday Taxis , Transferz ‘s Taxi2Airport and Huangbaoche are its global peers, with a market size valued at about $10 billion, Kimura said.
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.
It is available in Singapore, Malaysia, Thailand, Vietnam and the Philippines, and recently established tech hubs in Bangalore and Ho Chi Minh City. . The funding will be used to deepen Doctor Anywhere’s presence in its current markets and expand into new ones.
Then sellers chose what they want to add to their stores, which they market to potential buyers through their social media networks. Pinduoduo’s group buying model leverages users’ existing social networks, especially on WeChat, to pull together buyers for products at discounted prices, and has done well in smaller cities and rural areas.
29,990 (~$400) for a model with 8GB of RAM and 128GB of storage, or Rs. The phones are also launching in countries including Malaysia, Indonesia, and Thailand, and will come to other markets in APAC, the Middle East, and Europe “over the next few months.”. In India, the V23 will sell for Rs. 34,990 (~$470) for 12GB/256GB.
Hwang said that its business model is similar to Outschool, the San Francisco-based after-school marketplace for children. 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.
million to scale across existing markets and improve its technology. My co-founder, Amy, was hospitalized in Thailand after taking counterfeit medicine. The machine learning model reads the sample spectra and send test results indicating the identity and the quality versus the reference. Today, the U.S. A part of the RxAll team.
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. These transactions are inherently complex in nature, given their compliance requirements.
The region’s other strong VC presence resides in Japan, which has the typical Japanese model of a few large firms dominating the market. Singapore is by far the most developed behind those big three markets with government schemes attracting over a dozen early stage firms to set up shop here (e.g. Thus, VCs have the upper hand.
billion overseas, using NVIDIA chips to enhance its foundational model training capabilities. Details: ByteDance is expanding its AI development efforts both in China and internationally, aiming to boost its capabilities in a highly competitive market. Additionally, the company plans to invest approximately $6.8
Founded in Sydney in 2014, the company is now expanding into Southeast Asian and Western European markets. Over the past year, Employment Hero grew its headcount by 65% to 325 full-time employees and now has a permanent remote-first work model. Employment Hero is an automated human resources, payroll and benefits platform for SMEs.
Its model is similar to Divvy Homes and ZeroDown in the United States and, in fact, leaders from both startups have invested in Homebase (Divvy Homes co-founder Brian Ma and ZeroDown’s former COO Troy Steckenrider). . “If you look at the whole of Southeast Asia, compared to Europe or the U.S.,
So you’ve got companies like Bolt Threads and Spiber that have big market capitalizations and are much closer to the commercial end. Graves said New Zealand isn’t the best place for manufacturing biotech because of some “old school” genetic engineering laws, so it looks to countries like Thailand, the U.S.,
With supply chains in the automotive industry continuing to be disrupted due to Covid-19, demand has surged in the used-car market. Cars24 claims to have a 90% share of India’s used-car market, and it’s gotten there by way of technology. It plans to add to that list with its next markets in Southeast Asia, Jangid confirmed.
Chinese electric vehicle brand Zeekr is planning to sell two premium EV models in Japan in 2025 and hopes to open showrooms in Tokyo and the Osaka area ahead of the launch later this year, according to vice president Chen Yu, Nikkei has reported.
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. The startup is currently focused on the primary housing marketing, but plans to expand to secondary housing and mortgage refinancing/takeover products.
On August 29, Guangzhou Automobile Group (GAC Group) announced a new goal of selling 500,000 vehicles annually in its overseas market by 2030. In the coming years, GAC will introduce its electric vehicle models to Europe, with a focus on Western European markets.
Why it matters: The news comes as Malaysia surpassed Thailand to become the second biggest car market in the region after Indonesia in the first three months of this year, according to sales figures released by industry groups and compiled by Nikkei.
There’s a lot of workforce training tools on the market right now: Udemy, BetterUp, Skillshare, Udacity; but NewCampus is confident that it can win by selling to a market it believes is underserved: Southeast Asia. NewCampus offers live classes for first-time managers. Image Credits: NewCampus.
Since TechCrunch covered MindX’s Series A funding in November 2021 , it’s tripled its geographical coverage to 32 campuses across Vietnam, graduated 35,000 students so far and connected students to employers in countries like Australia, Thailand, the United Kingdom and, soon, the United States.
.” Xendit was originally launched as a P2P payments platform before evolving into its current model. The market opportunity is there. ” It is also eyeing other markets. We’ll cover every aspect of company-building: Fundraising, recruiting, sales, legal, PR, marketing and brand building.
Since TechCrunch covered MindX’s seed funding in November 2021 , it’s tripled its geographical coverage to 32 campuses across Vietnam, graduated 35,000 students so far and connected students to employers in countries like Australia, Thailand, the United Kingdom and, soon, the United States. It was an entirely different learning experience.”
Details: Lazada will continue to increase investment in the Southeast Asian market under a sustainable operating model, Dong said on the meeting, according to the attendee. Lazada operates in Thailand, Singapore, Vietnam, Malaysia, Indonesia, and the Philippines, with its Thai business the first to achieve profitability in 2022.
The company’s business model is similar to Divvy Homes and ZeroDown in the United States and, in fact, Divvy Homes co-founder and former CEO Brian Ma and Zerodown chief operating officer Troy Steckenrider III are investors in Homebase. It is also exploring other Southeast Asian countries like Thailand and the Philippines.
Top Chinese automakers BYD and Geely on Monday reported record sales of electric vehicles in 2023 on the back of year-end momentum from their home turf and strong shipments to overseas markets, as Chinas booming industry ramped up its push for global expansion. Huaweis manufacturing partner said overseas shipments grew 35.4%
Chinese manufacturer Changan Automobile said on Tuesday it had opened a new European office in Germany, facilitating the companys entry into the worlds third largest regional market where peers such as BYD and Chery are also forging ahead. More Chinese automakers are making forays into the European market. Its vehicle exports grew 67.6%
About a decade ago, Donghwan Kim helped his cousin, a ceramist, look for sales channels, like flea markets, to sell his ceramics. The market size of Asia’s handmade products is projected to reach $307.8 Other countries like Japan and the U.S. are on its radar for the following destinations, according to Kim.
In 2016, Ant Group initiated efforts to develop Alipay+, a suite of cross-border digital payment and marketing solutions. According to Yang, today Alipay+ connects over 20 payment apps from Thailand to Italy, allowing consumers to use their familiar e-wallets wherever they go. This article was supported by Ant Group. Read more here.
But founder Matthew Joseph Martin soon realized that the startup, backed by investors like Boost VC and Tim Draper, was serving a relatively niche market in the States. So he started researching markets with large populations of Muslim people. Indonesia emerged as the best choice. After initially soft-launching in the U.S.,
retail market. So, that is the big market trend that we see, but really World of Good was started, as a company, to figure out how to harness that trend to do the most good for women around the world. The way that World of Good has really gone about this is, we have done it in a two-part model. We should have fair trade.
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