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Chinese enterprise globalization
App Annie: The global application download list in May TikTok ranked first. 6 On June 12, App Annie announced the App Annie monthly index rankings for May 2020. Data shows that in the global application download list in May, TikTok still ranks first, Facebook's social communication products ranked third-6th, and two cloud video conferencing software Zoom and Hangouts Meet are still ranks in the top ten. (DoNews)
App Annie: Tencent ranks first in the ranking of Chinese manufacturers and applications overseas revenue in May. 36Kr learned that App Annie announced the top 30 mobile apps and publishers in May's overseas revenue rankings. PUBG MOBILE ranked first in the U.S. revenue list on May 13. Tencent's ranking among the top 30 overseas also rose by 2 places to rank 1.
Tencent Group Vice President Li Zhaohui : China CVC has embarked on a different path from the United States. Tencent Investment Management Partner and Vice President of Tencent Group Li Zhaohui said that China's CVC (enterprise venture capital) has embarked on a different path from the United States, such as creating a completely different ecological environment through minority equity investment and industrial chain construction. CVC also cooperates with traditional VCs and PEs to expand the market, rather than competing for each other for limited resources and playing zero-sum games. (Pengpai)
India
Indian SaaS startup Postman completed a US$150 million Series C financing. According to DealStreetAsia, Insight Partners, an American venture capital organization, led the round of financing, and the participants include US venture capital CRV and Nexus Venture Partners. Postman plans to use funds to recruit technical talents and double the team size next year. Currently, the company's API development platform is used by 11 million developers from 500,000 companies around the world.
Indian software development company JIFFY.ai completed a US$18 million Series A funding led by Indian venture capital firm Nexus Venture Partners. According to Inc42, JIFFY.ai plans to use the funding for product development, team and customer base expansion. JIFFY.ai has built a team of 150 employees and serves dozens of businesses.
Indian Student Accommodation Portal Oxfordcaps announced the establishment of a joint venture with Indian private equity firm Cerestra Advisors. According to DealStreetAsia, the joint venture will operate under the CUIB brand and will invest $125 million to buy beds across India. According to a statement, CUIB aims to obtain 25,000 beds in six to eight months. It is reported that the company raised $8 million in Series A funding in March last year from Indian Internet company Times Internet, Indian venture capital firm Kalaari Capital and 500 Startups.
Southeast Asia
Singapore Fintech company Fincy raised US$11 million from Singapore venture capital firm GBCI Ventures. According to Tech in Asia, through the latest funding injection, Fincy plans to establish branches in Singapore and accelerate its development throughout Southeast Asia. Currently, the company has about 500 employees in Asia. About $1 million of that will be used to add about 50 new employees to support the team's work in Singapore. The CTO of
Gojek resigned for personal reasons and has been in office for five years. Ajey Gore resigned from Gojek, the news was announced by the company's joint CEO Kevin Aluvi. Aluvi said that Aji Geer's resignation was a personal reason. Founded in 2010, Gojek's services include rides, meal delivery, digital payments and live streaming. A week ago, the Jakarta-based startup raised an undisclosed Series F funding from Facebook, PayPal, Google and Tencent. (Bloomberg)
Thailand Energy Group PTT Exploration and Production (PTTEP) has issued bonds worth $500 million to foreign investors. According to a statement, the bonds have a maturity of 7 years, with a fixed interest rate of nearly 2.6% per year, and will be listed on Singapore Stock Exchange , according to a statement. The new bonds are part of the company's $3 billion global medium-term bond plan.PTTEP will use the proceeds for general corporate purposes.
Latin American
Argentina Free shipping application Wabi Extended to Brazil . According to LABS, the Wabi platform supported by Coca-Cola Argentina has expanded to Brazil to support local small businesses. The app provides free sales channels to merchants and delivers free of charge to consumers within 15 minutes of purchase. The app is available in seven Latin American countries and currently operates in major cities in Sao Paulo and Rio de Janeiro.
Other
SoftBank Vision Fund lay off 15% of its employees, the first time since its establishment. According to Japanese media reports, the 500 employees of the SoftBank Vision Fund operating team in the UK will lay off about 15%, the first time the fund has cut staff since its establishment in 2017, and the layoffs are higher than 10% previously reported by the media. Vision Fund lost as much as US$18 billion in the last fiscal year. This time, the sharp layoffs may be because Masayoshi Son is paying for his previous investment mistakes. Some Japanese media commented that this was a turning point for Masayoshi Son from offense to defense in the investment field. (China Economic Weekly)
text | Luo Linqi @36Kr went overseas
picture | Tuchuang
