Category Asia

China’s Hottest Internet Sector Is Food Delivery

Last week, we reported that Ele.me is in talks to merge with Baidu’s Waimai. This would create a giant in the space. Ele.me already has 28 million monthly active users as of May. Here is Bloomberg with the market context: The population of people who rang up meals from phones and computers surged 41.6 percent […]

Alibaba Leads $300M Round in Yiguo, China’s Largest B2C Food Marketplace

Alibaba is, again, investing in Yiguo. The newest $300 million round, led by Alibaba, is the fourth round Alibaba is investing with into Yiguo. From Alibaba’s Alizila Magazine: Alibaba Group said Thursday it led a $300 million, D-round investment in Yiguo.com, China’s largest B2C fresh produce online marketplace. Yiguo delivers perishable goods, such as fruits, […]

How This Fast-growing Vietnamese Marketplace Wants to Reach GMV of $1B by 2020

The Vietnamese marketplace Sendo seems to be on a roll. Sendo advertising itself in a paid post at Tech in Asia: “In 2016, we tripled our gross merchandise value (GMV) from 2015, crossing US$50 million quite early in Q4. With the current rate we are going, there’s no reason we would slow down,” says Tran […]

A Chinese Food Delivery Giant in the Making: Ele.Me in Talks to Merge With Baidu Waimai

Ele.me is China’s largest food delivery service, and the company is about to get significantly larger soon. China Money Network: As of last December Ele.me and Baidu Waimai were ranked as the first and third largest food delivery apps in China, with 36.5% and 17.3% market shares respectively. Meituan Waimai was ranked second with 33%, […]

Alibaba and JD.com Are Bidding Against Each Other to Invest in Indonesia’s Tokopedia

Wonder who would leak to Bloomberg that both JD.com and Alibaba want to invest in Tokopedia. It is almost like Tokopedia is trying to get the most out of it. Bloomberg on Alibaba wanting to invest in Tokopedia: The Chinese company is in negotiations to lead a funding round in Indonesia’s largest online marketplace of […]

Amazon Launches Prime Now in Singapore, Taking on Alibaba’s Lazada & LiveUp

It‘s the starting signal for Amazon‘s push into Southeast Asia. Amazon launches Prime Now in Singapore. Reuters: While Amazon already delivered to Singapore, higher-end services had not been available, including Prime subscriptions which provide access to the company’s video-streaming service. The Prime Now Singapore app promises to deliver everything from Tiger Balm ointment to eggs, […]

JD.com CEO Says AI Will Cut Staff by 1/3, Grow Revenue by 1,000% in 10 Years

That‘s quite the quote from JD.com‘s CEO via China Money Network: Chinese e-commerce leader JD.com Inc will see revenue expand by 1,000%, while its employee head count will fall by one third over the next ten years due to the use of artificial intelligence technology, says company founder and CEO Richard Liu. ​Those cuts will […]