·Large company·
Huawei plans to divest the Honor mobile phone for 100 billion yuan. The acquirers include Digital China, etc.
. On the 10th, the media learned from a number of people familiar with the matter that Huawei plans to package and sell the Honor mobile phone business as a whole. Holding shares in a new company. One of the people familiar with the matter said that the transaction price was based on last year's Glory 6 billion profit and 16 times the PE, which was about 100 billion yuan. The acquirers included Digital China, three state-owned institutions, and a small shareholder camp composed of companies such as TCL. But another person familiar with the matter said that compared with the market value of Xiaomi, the sale price of Honor may be set at 200 billion yuan. (36 krypton)
OPPO launched the Reno4 Salah customized mobile phone and released the news on the 10th of
for the Egyptian market. OPPO is grateful to its brand ambassador, the Egyptian player Mohamed Salah of the Premier League Liverpool Football Club, in the Middle East and The African region promoted the company's various mobile phone products and decided to launch a customized version of OPPO Reno4 Mo Salah in his country.
Previously, OPPO launched the Reno4 Pro special edition in the Indian market. The phone uses the new "Galactic Blue" color scheme, and the back of the phone is printed with the signature of the cricketer MS Dhoni. (CNMO)
SoftBank bet a huge loss of US$1.3 billion in technology stocks
News on the 10th, SoftBank’s earnings report announced on Monday showed that the company’s “investments in listed stocks and other tools” caused 1,317 in the second fiscal quarter ending in September. Billion yen (approximately 1.3 billion US dollars) loss. In addition, the SoftBank Group announced that four current directors, including the company’s chief operating officer, will leave the board of directors. This move is aimed at increasing the proportion of outside directors and improving the corporate governance structure. (Information on Wall Street)
Xiaomi wins a lawsuit against Sisvel in the Netherlands
News on the 10th, on November 4, the Hague court in the Netherlands made a judgment that Xiaomi does not infringe Sisvel's previously claimed wireless communication patent technology. In addition, the court also ruled that Sisvel should compensate Xiaomi for all the attorney fees spent in this case. This is another victory for Xiaomi in the European Court of Justice. In July 2019, Sisvel filed an accelerated infringement lawsuit against Xiaomi in the Netherlands, claiming that Xiaomi had infringed one of its 4G communication standard technology patent EP2329272 B1, and requested the court to determine that Xiaomi infringed, and banned the sale and recall of Xiaomi mobile phones in the Netherlands. (36 krypton)
·Southeast Asia·
Shopee digital payment company Visa and Singapore United Overseas Bank cooperate to promote the development of Southeast Asia's digital economy
News on the 10th, Visa recently released a survey showing that 75% of Southeast Asian consumers are catalyzed by the epidemic more than two years ago Contactless payment is often used, and 70% of Southeast Asian consumers expect to use cashless payment more often in the next 12 months.
Southeast Asian e-commerce platform Shopee announced on October 30 that it will cooperate with digital payment company Visa and Singapore United Overseas Bank (UOB) to promote the development of Southeast Asia's digital economy. At the same time, Shopee's own integrated payment tool, ShopeePay, has leapt to number one in the Indonesian market in terms of growth rate and market share. (The Passage)
Indonesian telemedicine platform Halodoc is negotiating to raise US$200 million in Series C financing
On the 10th, Indonesian telemedicine and health technology platform Halodoc is in advanced negotiations to raise US$200 million in Series C financing. The target of this round of financing will be closed at the end of this year or early next year. Affected by the new crown epidemic, the number of patients using telemedicine services in Indonesia has surged. Since March, 7.2 million users have visited the topic of COVID-19 on telemedicine platforms such as Halodoc, and its mobile App downloads have increased by 300%. (DealstreetAsia)
AMTD Singapore Solidarity Fund invests US$6.4 million in 5 fintech start-ups
News on the 10th, Singapore Solidarity Fund led by AMTD ASEAN Solidarity announced that it has completed the first batch of investments in fintech companies , Totaling more than 6.4 million US dollars. (Tech inAsia)
Nektar.ai, a Singapore-based B2B sales company, received US$2.15 million in seed round financing
On the 10th, Singapore-based B2B sales company Nektar.ai received a US$2.15 million seed round of financing led by Nexus Venture Partners. Other investors participating in this round of financing include individuals such as Insignia Ventures Partners and Five9's executive vice president Anand Chandrasekaran. The AI startup
plans to use the money to further build its platform and expand its engineering and product teams. Nektar.ai addresses this opportunity by connecting unstructured data in email, calendar, and Zoom to a customer relationship management (CRM) system. In addition, it combines these platforms with the organization's sales methods. This allows the team to work together to achieve more sales. (E27)
·India·
logistics startup Xpressbee received 110 million US dollars in new financing , Gaja Capital's US$110 million financing led in the E round of financing. Xpressbees closed its D round of financing three years ago and has raised $175.8 million so far. The new round of financing valued the startup company at more than $350 million. (Tech in Asia)
The Competition Commission of India initiates an antitrust lawsuit against Google Pay
On the 9th, the Competition Commission of India (CCI) has initiated another antitrust lawsuit against Google, but this time it is against its digital payment Google Pay. The case accused Google of "unfairly promoting its payment application" in a prominent position in the Google Play store. It also accused Google of "imposing unfair terms" on users by requiring users to use payment applications. CCI pointed out that these terms do not comply with the data localization directive issued by the Reserve Bank of India (RBI) and the guidelines issued by the National Payment Corporation of India (NPCI).
Google refuted the allegations, saying that Android has faced huge competition in the feature phone operating system. As early as May, Google Pay was caught in a legal dispute for violating UPI interoperability rules. This is one of three antitrust cases against Google, which was fined 136 million Indian rupees in 2018. (Inc42)
