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Globalization of Chinese companies
From January to November 2021, 388000 new energy vehicles were exported by the top ten countries.36 Krypton learned that, according to the customs auto commodity export data compiled by the China Automobile Industry Association, from January to November 2021, the top ten countries in China's new energy auto exports were Belgium, Bangladesh, Britain, India, Thailand, Germany, Slovenia, France, Australia and Norway in turn. From January to November 2021, 388000 new energy vehicles will be exported by the above ten countries, accounting for 78% of the total export of new energy vehicles.
China's cross-border payment platform XTransfer announced that it will cooperate with Deutsche Bank.36 Krypton Sailing learned that XTransfer recently announced that it would cooperate with Deutsche Bank to provide SMEs with global and local collection account services and foreign exchange transactions, so as to achieve seamless cross-border collection and reduce transaction costs. With the help of Deutsche Bank's global branch network, XTransfer will start to provide local collection accounts to SME customers in the United States, Europe, the United Kingdom, Singapore and Japan this year. XTransfer will also cooperate with Deutsche Bank to provide SMEs with more competitive foreign exchange rates, greatly reducing their currency conversion costs.
"Hot Star Selection" completed 100 million yuan round A+financing.36 Krypton learned that the leading SaaS service provider of Tiktok E-commerce, "Hot Star Selection", recently received a hundred million yuan level A+round financing led by Meihua Venture Capital and followed by Zhiming Capital. It is reported that this round of financing will be mainly used for the R&D and promotion of SaaS products, the incubation of its own brands and TikTok's overseas market layout.
Shopee is recruiting in Korea.According to Tech in Asia, Shopee is expected to recruit about 40 employees in South Korea and will expand in the Korean market. South Korea is the sixth largest e-commerce market in the world. By 2020, its e-commerce revenue will be 80 billion dollars. It is reported that Shopee has been developing new markets recently. Last August, the company launched services in India, while expanding to Brazil and other Latin American countries.
Bukalapak appointed Willix Halim as the new CEO and President.According to e27, Bukalapak announced on Wednesday that Willix Halim had been nominated by the board of directors of the company as the new CEO and president. It is reported that Halim has been serving as the interim CEO of the company since Rachmar Kaimuddin resigned on December 30, 2021. Halim joined Bukalapak as COO in 2016. Bukalapak called him one of the key players in ensuring his unicorn status.
ID Fresh Food, an Indian food technology startup, received US $68 million in financing.According to The Economic Times, the investors in this round of financing are NewQuest Capital Partners and Premji Invest. Established in 2005, iD Fresh Food serves 30000 retail stores in 45 cities in India, the United Arab Emirates and the United States. Its product lines include jam and Dosa batter, Malabar Parota, Wheat Parota, Paneer, thick curd, instant filtered coffee liquid, sandwich white bread and wheat slice bread. At present, the company has manufacturing plants in Bangalore, Hyderabad, Mumbai and the United Arab Emirates, and its manufacturing plants in the United States are also under preparation.
Pine Labs, an Indian financial technology startup, received financing of US $20 million.According to The Economic Times, the investor of this round of financing is India's largest commercial bank, the National Bank of India. Pine Labs is a payment service solution provider that provides cloud based POS payment solutions. Its POS terminals for merchants can cover almost all existing payment methods in the market, including debit card and credit card payment, e-wallet payment, QR code scanning, and the unified payment interface (UPI) in India. It is reported that the company plans to be listed in the United States in the first half of 2022.
Europe and America
Liquid Death, a Los Angeles beverage startup, completed round C financing of $75 million.According to TechCrunch, this round of financing is led by Science, a start-up studio, and co invested by Live Nation Entertainment, Powerplant Partners, Access Capital and Nomad Ventures. Liquid Death was founded in 2018, mainly selling canned mineral water from the Alps. Liquid Death is currently sold in more than 29000 stores across the United States, including Whole Foods, Target Department Store, Safeway Chain Supermarket and 7-11 stores. Last year's revenue was close to 45 million dollars, while in 2019, the company's revenue was 3 million dollars.
Amazon reached an agreement with Stellantis to order a large number of electric delivery vehicles.According to Reuters, Amazon announced on Wednesday another agreement to purchase electric delivery vehicles, this time with Stellantis, which was merged by Fiat Chrysler and Peugeot Citroen last year. According to this agreement, Amazon will become the first commercial customer of Stellantis's Ram ProMaster electric vehicle. The electric truck is expected to start production in 2023. The statement did not provide specific figures about the transaction, but said that the transaction would "put thousands of Promasters on the road every year".
Australia and New Zealand
Latitude, an Australian loan company, plans to acquire a number of businesses owned by Humm, an Australian "buy first, pay later" service provider.According to 61 Financial, Humm announced on Thursday that it had received an offer from the loan company Latitude to buy first and pay later, installment payment and credit card businesses under Humm, as well as Humm's consumer finance sector valued at A $335 million (about US $242 million). According to the proposal, Latitude's acquisition fund will consist of 300 million Australian dollars (about 216 million US dollars) of shares and 35 million Australian dollars (about 25.24 million US dollars) of cash. Both parties have reached a non binding agreement to facilitate reciprocal due diligence and negotiation of a final agreement. Latitude expects that after the acquisition, its annual synergy effect in 2023 will reach 100 million Australian dollars (about 72 million US dollars).
Lyre's, an Australian liquor brand, plans to sell non-alcoholic beverages worldwide.According to the Financial Review, the non-alcoholic beverage business of Lyre's, an Australian liquor brand, has grown strongly. The company has now cooperated with the independent media organization Audience Precision to promote the promotion of non-alcoholic beverage substitutes around the world. The first product of the brand was launched in 2019 after three years of research and development, and more than ten flavors were subsequently launched. Lyre's products are designed to enable people to enjoy fine wine freely while keeping social.
Vesper Marine, a New Zealand marine communications technology company, was acquired by Garmin.According to The National Business Review, Vesper Marine, a marine communications technology company based in Auckland, was acquired by Garmin, a global electronics company. The transaction amount has not been disclosed, but Vesper Marine team will join Garmin's existing team and the factory in Auckland. Vesper Marine, founded in 2007, has been committed to the safety of water navigation, power and work boats. With nearly 15 years of experience, Vesper Marine has developed a set of communication products and solutions for power, sails and workboats, including the award-winning Cortex system, which will complement Garmin's extensive portfolio of integrated marine communication products and services.
Alice, a Brazilian healthcare startup, completed the round C financing of US $127 million.According to Contxto, this round of financing is led by Softbank Latin America Fund, with Kaszek Ventures, ThornTree Capital Partners, Allen&Company, etc. The new funds will be used to invest in technology research and development and expand the scale of services. Alice defines herself as a "personal health manager", provides online and offline medical insurance services, connects health experts with patients through applications, and provides consultation and user health status detection.
Mexican network security startup Meti received a round B financing of 70 million US dollars and was renamed MetaMap.According to Contxto, this round of financing is led by Alameda Research, Tribe Capital and Craft Capital. With this round of financing, Meti announced to change its name to MetaMap. Meti was founded in 2016 to help customers avoid fraud when using financial services. To this end, Meti uses AI to verify user identities and relies on government databases for background checks. At present, Meti has started to adopt a new set of standards, namely compliance, financial and employment data dimensions for verification and evaluation to prevent financial fraud.
The chip shortage will continue in 2022.According to the Economic Information Daily, the crisis of global core shortage will intensify in 2021. Deloitte released a report a few days ago that it is estimated that the chip shortage will continue in 2022, and the chip delivery date will be delayed by about 10 to 20 weeks, and the situation will not be alleviated until early 2023. In 2021, the COVID-19 will severely impact the production capacity of the United States, Southeast Asia, South Korea and Japan, which are concentrated in the chip manufacturing industry. The reason for the long-term shortage of all types of chips is not only that the epidemic restriction measures have hit manufacturers' capacity and logistics, but also that the rapid promotion of enterprise digital transformation and the surge in demand for consumer electronic equipment have affected.
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