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VinFast, Vietnam’s electric vehicle manufacturer, plans to initially invest $500 million to set up an integrated facility in India and break into the world’s third-largest automobile market.
Chinese e-commerce giant JD.com has started quietly piloting its cross-border platform Joybuy in the UK, marking its push into the European market. The move signals JDs ambitions to capture a slice of the UKs 127 billion ($163 billion) retail e-commerce market in 2024 the third-largest globally.
The company says this will make it easier for active community members to "better adapt to local market conditions and maximize earnings." " Prior to this move, users in a country like Vietnam would pay the exact same price as folks here in the US.
There’s a large education gap in Vietnam between urban centers, which have access to more resources, and the smaller cities and rural areas where 80% of students live. Before founding Edupia, Hung spent 10 years as director of digital services at Viettel, the largest telco in Vietnam.
Based in Vietnam, Anfin wants to turn more people into stock investors with features like fractional trading and in-app communities. Like other investment apps aimed at Gen Z and millennial users (90% of Anfin’s users are 18 to 35 years old), Anfin has educational content about stock market fundamentals.
Retail investment apps in Southeast Asia attracted a lot of funding last year , and the trend looks set to continue with Vietnam-focused Infina announcing that it has added $4 million to its seed funding. Infina was part of Y Combinator’s Summer 2021 cohort and aspires to become the “Robinhood of Vietnam.” It launched in January 2021.
CoderSchool, a Ho Chi Minh City, Vietnam-based online coding school startup, announced today $2.6 In Vietnam, the demand for IT talent is dramatically increasing by 47% a year, while supply is only increasing by 8% year-on-year. Vietnam after-school learning startup Marathon raises $1.5M “Coding is the future.
Launched in limited markets like Canada, Australia, and Vietnam last year, the photo-sharing app let users post images with captionssimple enough, but apparently not compelling enough. TikTok Notes, the platforms short-lived attempt to take on Instagram (just as Instagram Reels was built to mimic TikTok), is officially being retired.
Vietnam has one of the fastest-growing e-commerce markets in Southeast Asia, but many major platforms still focus on large cities. Rajaram, Aatrey and Barnwal will become advisors to Mio co-founder and chief executive officer Trung Huynh, former investment associate at IDG Ventures Vietnam. billion in new $300 million fundraise.
The home ownership rate in Vietnam is about 90% , but many millennials are struggling to join that number. Part of Y Combinator’s latest batch, Homebase was founded in 2019 to give prospective buyers in Vietnam an alternative to traditional financing. Homebase co-founders Phillip An and Junyuan Tan.
Lopez said advance doctor bookings aren’t the norm in Vietnam. Lopez said another benefit is reducing the number of marketing and administrative tasks doctors have to do, allowing them to spend more time with patients. Providers are vetted before being added to the platform and have on average 18 years of clinical experience.
Vietnam is revising its energy plans to focus more on large solar farms and less on reliance on coal and natural gas. But Vietnam also is emphasizing expansion of large solar farms to meet soaring demand for power generation. But while it’s building clean power capacity, Vietnam is also ramping up use of coal.
Cross-border e-commerce platform Temu, a sister app to Chinas Pinduoduo, has been ordered to halt its operations in Vietnam, sources close to the company revealed on Thursday, according to a report from Chinese media outlet Yicai. Temu launched its Vietnam site in October. trillion ($1 billion). Yicai, in Chinese ]
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.
Philippines-based Plentina , a buy now, pay later startup focused on emerging markets, announced today it has raised $2.2 The new capital will be used to speed-track Plentina’s growth in the Philippines, expand its product and start exploring launches in other countries, including Vietnam.
This might not seem like enough to move significant amounts of product, but in many Southeast Asian markets, social commerce sellers are making up an increasingly large portion of e-commerce. In fact, according to a recent Bain report , social commerce accounted for 65% of Vietnam’s $22 billion online retail economy last year.
Now Infina , which calls itself the “Robinhood of Vietnam,” is announcing an oversubscribed $2 million seed round. of people in Vietnam have invested in stocks. But according to the Vietnams Securities Depository , about 500,000 trading accounts were opened during the first five months of 2021, a 20% increase from all of 2020.
Kilo , a Vietnam-based B2B e-commerce platform that connects wholesalers with micro, small and medium enterprises (MSMEs), wants to digitize the local retail value chain via technology. “In The startup retained thousands of MSMEs in 24 provinces across Vietnam, Ryan Wilber, Kilo’s head of product and engineering said.
A Manila-headquartered startup called CloudEats , which operates cloud kitchens across the Philippines and Vietnam, just raised a $7 million Series A extension led by Nordstar to accelerate the digitization of food service in Southeast Asia. . We are taking the best practices along with key learnings to our next market launch.” .
We proudly welcome NGO partners Vietnet-ICT and the Lin Centre in Vietnam, as well as ASEAN Foundation , Kopernik Marketplace , and YCAB Foundation in Indonesia to the TechSoup Global family. They are all part of TechSoup Asia , which serves charities in the Philippines, Malaysia, Singapore, Thailand — and now Vietnam and Indonesia.
Now it’s set a goal of investing in 100 more startups with the launch of its second emerging market seed-stage fund, called Seedstars International Ventures II (SIV), with a first close of $20 million. We’re really looking to diversify holdings, leveraging learnings from one market to another,” said Sosrodjojo.
To get more data for its latest Southeast Asia Tech Talent Compensation report, which covers startup hiring in Singapore, Indonesia and Vietnam, Monk’s Hill Ventures teamed up with Glints , one of its portfolio companies. Commercially in Southeast Asia, you can’t stay in a single market unless it’s maybe Indonesia,” said Yeo. “If
Made in Vietnam with mostly domestic parts, Dat Bike’s selling point is its ability to compete with gas motorbikes in terms of pricing and performance. In 2018, he moved back to Vietnam and launched Dat Bike. kW) and 2 times the range (100 km versus 50 km) of most electric motorbikes in the market, at the same price point.
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.
Spotify is launching a new real-time lyrics feature in 26 markets today, including India and countries in Southeast Asia and Latin America, TechCrunch reports. Of these, TechCrunch notes that Thailand, Vietnam, Indonesia, and Mexico previously included some lyrics support from other providers, as does Japan.
Before starting Rino, Nguyen was part of the founding team and chief operating officer of Baemin Vietnam, one of the country’s largest food delivery apps. Before that, he served as Grab Vietnam’s head of GrabBike and GrabExpress. Four years ago, food delivery in Vietnam was slow. Rino’s grocery delivery app.
Taptap Send believes that its unique place in the market is that it has built not just the easiest, but the most reliable system to initiate, manage and receive those transfers. Taptap Send has been steadily growing and adding more countries to its list of served markets.
It will also use the funding to continue its expansion in overseas markets, including Vietnam, where Toss launched last year. I think Toss Bank is really well-positioned to disrupt the whole loan market.”. Toss is planning to enter other Southeast Asian markets, too. million users. As an Asian company, reaching a $7.4
The startup, which launched its app in Vietnam last year, announced today it has raised $1 million, led by the Estonian Business Angels Network (EstBAN). Jeff currently claims more than 300,000 users in Vietnam. ” Payfazz invests $30M in Xfers as the two Southeast Asian fintechs form Fazz Financial Group.
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.
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.
In Vietnam, a startup called Azota wants to help with an online software platform that not only helps educators develop and proctor tests, but also automatically grades them using information from Vietnamese teaching materials. Before co-founding the startup, Au Nguyen, its CEO, worked for Viettel, one of the largest telecoms in Vietnam.
Ancient8 , Vietnam’s blockchain gaming guild, develops a community and software platform to enable everyone to play P2E (play-to-earn) games and build the metaverse while earning rewards. “We Vietnam is one of the most exciting and fast-growing markets in the world today for blockchain adoption.
YC-backed Homebase is an alternative to traditional mortgages for home buyers in Vietnam. Contracts range from one to 10 years and An says people who buy homes to live in often chose 10 year contracts, while investors usually go for about three years, so they can see how the market appreciates before selling the property.
By leveraging this investment, we will capture broader Japanese market opportunities. This acquisition is the first step in an inorganic strategy to ultimately apply Riiid’s AI technology to the global market and help more learners around the world.” . The company expects to address local remote learning and education in the market.
Mio, a social commerce startup focused on smaller cities and rural areas in Vietnam, raises $1M seed. We strategically enter into new and relatively untouched markets like lower-tier cities, grow the customer base and then take things forward from there.” . to connect farmers and F&B businesses in Vietnam.
Founded in 2019, the startup is operational in Vietnam and has applied for a license to launch in Indonesia. One of the reasons Jeff enjoyed strong growth during the first half of this year was by honing its user acquisition strategy in Vietnam. The hottest fintech market you aren’t paying attention to.
Ampverse CEO Ferdinand Gutierrez said that the company’s revenue has grown 125% over the last 12 months, during which it expanded into Vietnam and India. . He added that expanding into Indonesia and the Philippines will “round off our SEA footprint,” which already includes Singapore, Thailand and Vietnam.
The global data collection and labeling market size was valued at $1.6 billion in 2028, according to a market analysis report by Grand View Research. . Japan and Vietnam. and Deepen AI when it expands further to the global market. ScreenShot | AIMMO website. billion in 2021 and is projected to reach $8.2
If you’re in India, the Philippines, Russia or Vietnam, Amazon Prime and Gorillas are probably not that much use to you. In a statement, Mike Alexandrovski, founder of Borzo, said: “With the new round closed we continue to move toward our goal of becoming one of the top courier delivery companies in every market we operate in.
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.
In the first real test of the potentially transformative power of its food-preserving technology, Santa Barbara, California-based Apeel Sciences is bringing its innovative food treatment and supply chain management services to distribution centers in select markets in Asia, Africa and Latin America.
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.” It is a young country as well — having gained independence in 1963 — and resides in a neighborhood with far larger economies, including China, Indonesia, and Vietnam.
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