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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.
Chinas Zeekr and Xpeng Motors will begin delivering their electric vehicles to Thailand later this year while eyeing expansion to other Southeast Asian countries, as they seek further overseas growth amid slowing opportunities at home. The EV giant captured 4% of the countrys auto market with sales in 2023 of about 30,000 EVs.
Ascend Money , the Thailand-based fintech startup behind TrueMoney, an e-wallet service, announced today it has raised a $150 million Series C round at a valuation of $1.5 About 70% came from Thailand while 30% came from the international market, the co-President Thamavaranukupt said.
Changan Auto has completed the registration of its subsidiary in Thailand, as required by the countrys Department of Business Development. This factory will have an annual capacity of 100,000 electric vehicles, as announced by Thailands Board of Investment on April 20. million cars in the overseas markets by 2030.
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.
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.
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.
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 ]
Beam, which currently operates e-scooters and e-bikes in 35 cities across Malaysia, Thailand, South Korea, Australia and New Zealand, aims to spread into markets like Japan, Indonesia, the Philippines, Vietnam and Turkey. . Advanced rider assistance systems: Tech spawned by the politics of micromobility.
AnyMind acquired ENGAWA, a Japan-based cross-border marketing company, in January last year with its Series C proceeds. Moindy’s founder became the company’s country manager in Thailand and POKKT’s co-founders are now the company’s COO and managing director in India and the Middle East, respectively, Sogo added.
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 platform brings both emerging and traditional brands to the world of local retail in Asia.
He mentors young startups at Singapore Management University and True Incube Thailand , a 500 Startups Partner. Startups are a special breed of companies when it comes to marketing. Rely on cheaper forms of marketing : Blogging, email, viral tactics etc. Most startups however, don’t have the kind of money required to do that.
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.
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 social commerce market is already worth more than $13 billion in Southeast Asia, but the checkout process is filled with friction. The Thailand-based startup created a one-click payment solution for social commerce sellers and has raised $2.5 Beam is currently focused on Thailand, with plans to expand into Southeast Asia.
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. Founded in 2014, HappyFresh was the first Instacart-style grocery delivery service to launch in Southeast Asia.
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.” LG has announced an updated version of its high-tech, air-purifying face mask, the terribly-named LG PuriCare Wearable Air Purifier.
Konvy had the advantage of starting in Thailand when there were no really significant e-commerce players there at the time,” Huang told TechCrunch. We’ve since leveraged our first mover advantage in Thailand to become a leading e-commerce player in the market.”. This has spawned as well a thriving local industry.
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.
Indonesia-based insurtech startup Fuse announced today it has secured $25 million of Series B extension round as it plans to enter more countries including Thailand and Vietnam in Southeast Asia. Fuse claims it currently has more than 60,000 marketers or agent partners using the Fuse Pro mobile app.
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%.
Insurance penetration is still relatively low in many Southeast Asian markets , including Indonesia, but the industry is gaining traction thanks to increasing consumer awareness. The new funding will be used to expand in Indonesia and develop new distribution channels, including insurance agents and SMEs.
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.
It also plans to expand retail services in its main markets: Indonesia, Thailand, Malaysia and Singapore. Carro’s prices are typically in the middle of the market’s range. Carro is also expanding its after-sale services, including Carro Care, in all four of its markets. Where do cars go to die in Thailand?
He added that expanding into Indonesia and the Philippines will “round off our SEA footprint,” which already includes Singapore, Thailand and Vietnam. Meanwhile in the Philippines, there are more than 43 million active gamers, a number which has grown by 12.9% yearly since 2017 thanks to the growing accessibility of smartphones.
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
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. The Y Combinator alum announced today that it has raised $15.75 Then it will integrate the most popular payment methods.
It is a portfolio of loans to hundreds of small businesses in Singapore, which is the target market Validus serves, Goel added. . Citigroup also has agreed to sell its Southeast Asia retail operations in Indonesia, Malaysia, Thailand, and Vietnam to Singapore-based United Overseas Bank for about $3.7billion in January. .
Eat Just’s current distribution partners in Asia include SPC Samlip in South Korea, Betagro in Thailand and an as-of-yet undisclosed new partner in China, where Just Egg is already available on Alibaba’s Tmall and JD.com.
The global market of conversational commerce, also known as chat commerce or conversational marketing, is expected to increase to $290 billion by 2025, up from $41 billion in 2021, representing a 590% rise for the next four years, according to a report by Juniper Research. Shimizu added.
For brands, it gives them a way to conduct market research and collect first-party data, which is important as marketers prepare for a post-cookie world. Supermom currently has a presence in Indonesia, Malaysia, Singapore, Vietnam and Thailand, and plans to expand into more markets.
Other strategic investors in the company include JD.com and SCB 10X, which has helped build Mama’s Choice presence in Indonesia and Thailand. The new capital will be used to expand theAsianparent and Mama’s Choice into three new markets before the end of 2022, including Vietnam and a U.S. launch by the end of this year.
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.
Part of the funding will be used to expand into new markets, like Thailand, Malaysia and Vietnam. HBO thought that in markets where cards don’t exist, the way to go was to pay through your telco provider. When and how to hire your startup’s first growth marketer. In the U.S.,
It operates in Singapore, Malaysia, Cambodia, Indonesia, Myanmar, Philippines, Thailand and Vietnam. It expects to see the total addressable market jump from $52 billion to $180 billion by 2025. According to Crunchbase , the company has raised over $10 billion, including from SoftBank’s Vision Fund. The merger would value Grab at $39.6
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.
Founded in 2016 by Cheong Jin Xi, Poladrone now operates in Malaysia and Thailand and plans to expand into Indonesia, the world’s largest oil palm producer. million hectares around the world, and Poladrone sees a serviceable addressable market of 4.2 He added that oil palm farms cover 18.7 billion per year.
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.” .
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.
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.
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.
We saw an opportunity to use technology to help level the playing field in Thailand and Southeast Asia.”. Rakhra said that by addressing the financial needs of their workers, companies are able to improve employee satisfaction and reduce turnover in a competitive labor market.
This makes it faster for it to brings the policies it distributes to market more quickly, and significantly reduce the operational cost of claims. 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.
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