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Posen recently launched GapStudio, a higher end sub brandwhich doubles a soft marketing strategy of elevating overall brand perception. It aligns with the company’s approach to fashion entertainment concepted by Gap Inc CEO Richard Dixon , says Meena Anvary, Banana Republics head of marketing.
The amount of the investment is not being disclosed, but Aldagram said it will use the funds to sharpen its focus on India, Thailand, the Philippines, Malaysia and other countries in the region. The global construction management software market is expected to reach $23.9 billion in 2031, up from $9.3 billion in 2031, up from $9.3
Food Market Hub co-founders Anthony See and Shayna Teh. Malaysia-based Food Market Hub is a cloud-based platform that connects food and beverage (F&B) outlets directly to suppliers, making it easier to communicate and manage orders. This brings Food Market Hub’s total funding to $4.7 million so far.
Coherent Connect is a social media marketing campaign manager; Coherent Explainer is a sales tool for breaking down quotes; and Coherent Flow allows agents to sell policies to customers remotely with features like video chat and electronic signatures. Coherent will focus on China and emerging markets in Asia.
During that time, Chen says they realized that the marketing, sales and design process have stayed the same, despite new technology and tools being introduced to the market, and is often riddled with bottlenecks. Chen says most have large sales and marketing teams, but a shortage of designers.
LG has announced an updated version of its high-tech, air-purifying face mask, the terribly-named LG PuriCare Wearable Air Purifier. The company hasn’t announced pricing or widespread availability, but says the PuriCare will launch in Thailand next month “with other markets to follow once approved by local regulators.”
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. The startup has secured $4.2 million in seed funding led by Headline Ventures. Wholesale marketplace Abound raises $22.9M.
It expanded into five markets before shutting down its operations in Taiwan and the Philippines in 2016. It continues to operate in Indonesia, Malaysia and Thailand. learned from China’s tech giants. Founded in 2014, HappyFresh was the first Instacart-style grocery delivery service to launch in Southeast Asia.
The tech boom in Southeast Asia isn’t just seeding a wave of new entrepreneurs building the next generation of unicorns, it’s also ushering young talent into the roles of first-time managers. Currently, its content looks more general, serving the emerging manager in tech, not the first-time manager handling a fintech startup during a pivot.
Thomas Clayton has started and run numerous high-tech startups in Silicon Valley. 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. Nothing gets done otherwise. You also need true local expertise.
With Grab’s announcement of its imminent Nasdaq listing and GoJek merging with Tokopedia to form tech giant GoTo , casual international observers could be forgiven for believing that Southeast Asia’s tech universe only comprises similar companies. Unsurprisingly, tech startup growth is booming as well.
The way we see the market is that number one, the inefficiency in trucking and cargo shipping has driven up costs materially. And if you buy the same Nike shoes in Indonesia, Thailand or the Philippines, the answer is going to be much closer to 25%, maybe upwards of 30%.”. The answer is very well-documented. It’s about 8%.
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.
Doowa was previously co-founder and CEO of Frank Insurance, an online digital broker in Thailand that was acquired by Bolttech in 2021. Many insurance companies in Thailand manage their agents using a combination of Excel, Line chats and phone calls. Eazy Digital was founded last year by Haprem Doowa and Maethavee Sukul.
As part of the deal, Proterra, which focuses on agri-tech, will invest up to $100 million in the facility, while Eat Just will invest $20 million. Eat Just , the plant-based food startup, is launching a new Asian subsidiary through a partnership with Proterra Investment Partners Asia.
Jamil Wyne is a co-author of the World Bank report “The Evolution and State of Singapore’s Start-up Ecosystem: Lessons for Emerging Market Economies.” As of 2019, Singapore had over $19 billion in PE and VC assets under management, more than twice that of neighboring Indonesia, Philippines, Vietnam, Malaysia, and Thailand combined.
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. million users.
ZenyumClear is currently available in Singapore, Malaysia, Indonesia, Hong Kong, Macau, Vietnam, Thailand and Taiwan, with more markets planned. Sequoia India principal Pieter Kemps told TechCrunch, “There are 300M customers in Zenyum’s core markets—Southeast Asia, Hong Kong, Taiwan—who have increased disposable income for beauty.
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.
Launched in South Korea five years ago, content discovery platform Dable now serves a total of six markets in Asia. Now it plans to speed up the pace of its expansion, with six new markets in the region planned for this year, before entering European countries and the United States. Taboola and Outbrain call off their $850M merger.
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.
Igloo provides the tech stack for its products across Southeast Asia, which Mehta says means the entire insurance value chain, from product discovery to claims, is available on one platform. This makes it faster for it to brings the policies it distributes to market more quickly, and significantly reduce the operational cost of claims.
million capital market investors in the country, or less than 1% of its population (in comparison, about 55% of Americans own stocks , according to Gallup data). The round will also be spent on expanding Ajaib’s tech infrastructure and products, and to hire more engineers.
Since its seed funding, Tinvio says its client base has increased four times to over 5,000 businesses in Singapore, Indonesia, Thailand and other Asian markets. This sets us up in a fantastic position to go-to-market even sooner with our financial technology stack that we’ve been building.”. million seed round.
The company is headquartered in Japan, with operations in Malaysia, and plans to expand into Singapore, Thailand and Indonesia. The capital will be used to expand its fulfillment infrastructure, including a network of warehouses and cold chain logistics, hire more people for its engineering team, and sales and marketing.
Co-founders Kevin Lee and Kevin Chanthasiriphan both grew up in food families from Taiwan and Thailand, respectively, and met a decade ago while working at the same tech company. Meanwhile, the new funding will be split between R&D, hiring and marketing, Lee said. The second is marketing and distribution.
Businesses, and the tech platforms that support their operations, had to adapt quickly to the pandemic. The capital will be used for expansion and growth in markets including New Zealand, Southeast Asia and the United Kingdom. Virtual HQs race to win over a remote-work-fatigued market. million USD).
The Series E was led by Insight Partners , the venture capital firm known for its ScaleUp program to help tech companies accelerate their growth. Founded in Sydney in 2014, the company is now expanding into Southeast Asian and Western European markets.
discount compared to the stock market’s closing price of HK$363.60 The fundraising comes amid a hectic pace of hiring and expanding to other markets for BYD. Chinese electric vehicle maker BYD has launched a sale of its Hong Kong shares to raise up to $5.2 The offering is expected to be priced on Monday, the term sheet said.
But being in Taiwan puts the company closer to many important markets, including Japan, where 30% of its current business comes from, and gives TMYTEK a good foundation to expand into the U.S. and European market, he said. First, having its own solutions will allow TMYTEK to test base stations and bring them to market faster.
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. Africa to Asia is a large trading corridor overlooked and underserved by tech today.
Thomas Clayton has started and run numerous high-tech startups in Silicon Valley. The region’s other strong VC presence resides in Japan, which has the typical Japanese model of a few large firms dominating the market. Thailand, Indonesia, Korea, and Vietnam each have a couple of very good VC firms.
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.
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.
Chinese battery maker Gotion High Tech will target an annual shipment of 100 gigawatt-hours (GWh) worth of batteries in 2027 for overseas markets, including the Americas, the Asia Pacific region, Europe, and Africa, said Cheng Qian, president of Gotions Asia-Pacific business unit, on Dec. Gotion announcement, in Chinese ]
Thomas Clayton has started and run numerous high-tech startups in Silicon Valley. While Asia has long been known for its cheap engineering resources and the off-shoring tech phenomenon that took place over a decade ago, the cost gap has narrowed — and even more significantly, so has the quality gap. My simple answer is: absolutely.
Details: ByteDance is expanding its AI development efforts both in China and internationally, aiming to boost its capabilities in a highly competitive market. ByteDance has also invested in AI and data center facilities in the Southeast Asian market: BytePlus, a ByteDance subsidiary, is planning to build a data center in Thailand by 2025.
Is Southeast Asia about to hit an inflection point for tech startups? 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.
The startup’s goal is to create “small Silicon Valleys” across Vietnam, with educational centers that help prepare students of all ages for careers in tech. For students in longer courses, MindX hosts an entrepreneurial program with classes on marketing, fundraising and other business skills.
The startup’s goal is to create “small Silicon Valleys” across Vietnam, with educational centers that help prepare students of all ages for careers in tech. For students in longer courses, MindX hosts an entrepreneurial program with classes on marketing, fundraising and other business skills.
The funding will be used to grow Docquity in its existing markets, like Indonesia and the Philippines, and enter new ones, including Japan, the United Arab Emirates, Saudi Arabia and Egypt. It says it is the largest community of healthcare professionals in Southeast Asia, with more than 350,000 doctors on board.
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.
million in a pre-Series A round, to tap the opportunities in emerging markets, where digital lending apps have recently sprung up in droves. Bfree is now on a massive recruitment drive for the 16 new markets in which it is setting up operations, including Ghana, India, Uganda, Brazil, Colombia, Mexico, Russia, Poland, Pakistan and Indonesia.
million) to Chinas Hozon Auto, which could alleviate the financial pressure on the electric vehicle startup and facilitate its expansion in overseas markets. Hong Kong will provide a subsidy of up to HK$ 200 million ($25.6
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