- #Ecommerce Shopee strikes 5-year partnership with Visa to help SMEs digitalise (marketing-interactive.com)
Shopee and Visa has tied up a 5-year regional partnership.
- Shopee users could enjoy additional promotions and rewards by using Visa
- Visa could reach to Shopee’s extensive customer base to expand its presence to SEA online businesses and customers
2. #Ecommerce Flipkart buys parent Walmart’s Indian wholesale business (Reuters)
In July, Flipkart has bought its parent (Walmart) cash and carry operator: Best Price. This is one of its steps to empower the wholesale sector in India, which links directly to mom-and-pop stores
3. #tech China’s Closed. So Google Invests $10 Billion In India, Following Facebook, Amazon, Apple (Forbes)
Google (or its parent company, Alphabet) investing $10 billion in 4 areas:
- Localization: “enabling affordable access and information for every Indian in their own language.” (India has no fewer than 23 constitutionally recognized languages.)
- Google and Alphabet products and services specifically built for India
- Digital transformation: helping businesses in India go digital first
- Social good: “leveraging technology and AI for social good, in areas like health, education, and agriculture
India is becoming a more fertile land for tech giants than China:
- India’s population is 1.36B, catching up with China’s 1.4B
- India is relatively open for business, under certain conditions. China has long banned foreign companies that could compete with its domestic companies. The country is a totalitarian regime that oppresses many minorities and uses sophisticated technology to spy on its people — and, of course, censors many topics internally
4. #tech buys start-up to turn iPhones into payment terminals (Bloomberg)
Apple has acquired Mobeewave Inc., a start-up with technology that could transform iPhones into mobile payment terminals. Mobeewave’s technology let’s shopeers tap their credit card or smartphone on another phone to process payment
Huy Luu's business blog 