Sailing Daily | China Cambodia Free Trade Agreement officially comes into force; Toyota overtook GM to become the largest car company in the United States

2022-11-21
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Author:36 krypton goes to sea
Source: 36kr

Globalization of Chinese companies

The China Cambodia Free Trade Agreement came into force.According to the Securities Times, the Free Trade Agreement between the Government of the People's Republic of China and the Royal Government of Cambodia has officially come into force on January 1, 2022. According to the arrangement of the Agreement, the proportion of tariff items of zero tariff products in goods trade between the two sides will reach more than 90%. The two sides will also strengthen cooperation in services trade, investment, the "the Belt and Road" initiative, e-commerce, economy and technology and other fields.

Tencent will reduce its 2.6% stake in Sea, a "small Tencent" in Southeast Asia, and its voting rights will be reduced to less than 10%.36 Krypton learned that Tencent Holdings announced a small reduction of 14492800 Class A shares of the US listed company Sea Limited ("Sea"), reducing Tencent's equity in Sea from 21.3% to 18.7%. Along with the proposed changes in voting rights of shares, Tencent's voting rights in Sea are expected to be reduced to less than 10%. Sea Limited, founded by Li Xiaodong in 2009, has three business segments: e-commerce platform Shopee, electronic game platform Garena, and digital financial business SeaMoney.

Xiaoniu Electric: 238000 electric scooters will be sold in the fourth quarter of 2021, with a year-on-year growth of 58.3%.36 Krypton learned that the sales volume of Xiaoniu Electric in the fourth quarter of 2021 was announced recently. In the fourth quarter of 2021, Xiaoniu Electric sold 238000 electric scooters, a year-on-year increase of 58.3%. Among them, the sales volume in the Chinese market was 205000, with a year-on-year growth of 49.2%; The sales volume in the international market was 32900, with a year-on-year growth of 155.8%.

Southeast Asia

Brankas, an Indonesian financial technology company, received a round B financing of US $20 million.According to e27, this round of financing is led by Insignia Ventures Partners, and participated by Visa, AFG Partners, Treasury International, etc. The new funds will expand its payment, data and BaaS API portfolio by expanding its teams in 17 countries. Founded in 2016, Brankas provides financial service providers and enterprises with API solutions, data and payment solutions.

Singapore ONE Championship Group announced the completion of a new round of financing of US $150 million.36 Krypton learned that the ONE Championships and the ONE Esports parent company, the ONE Championships Group, recently announced the completion of a new round of financing of $150 million, led by Guggenheim Global Asset Management and Qatar Investment Authority. The new funds will continue to support the global strategic expansion and product content diversification strategy of ONE, continue to make efforts in entertainment, sports live broadcast and other fields, and further expand the international business landscape with Asia as the core to improve the global audience rating and market coverage.

India

The Indian government requires Starlink to return all pre purchase orders until the commercial license is obtained.According to Reuters, a copy of the e-mail showed that Starlink, the Internet satellite project of SpaceX, told customers that the Indian government had asked the company to return all advance purchase orders until Starlink obtained the license to operate in the country. Starlink plans to apply for a commercial license in India before the end of January. Its head of the Indian market said last month that Starlink aims to have 200000 devices in India by December 2022.

Flipkart India achieved strong revenue growth.According to The Economic Times, according to the documents provided by the business intelligence platform Tofler, The business income of two key departments of Flipkart's Indian business, Flipkart India and Flipkart Internet, increased by 25% and 32% respectively in fiscal year 2021. Among them, Flipkart Internet's business income was 78.4 billion rupees (about US $1051 million), while its loss increased by 49% to 28.81 billion rupees (about US $386 million). Flipkart India's business income increased by 25% to 429.41 billion rupees (about US $5.758 billion), while its loss decreased by 22% to 24.45 billion rupees (about US $328 million). One of the main reasons for Flipkart's loss reduction is that the epidemic has prompted Indian consumers to turn to online shopping, and the strategy of Flipkart serving third tier cities also helps to seize a larger share of the market.

Europe and America

Toyota overtook GM to become the largest car manufacturer in the United States.According to the Wall Street Journal, Toyota overtook General Motors for the first time to become the largest auto manufacturer in the United States by sales. Toyota said that its total sales in the United States in 2021 will be 2.3 million vehicles, an increase of about 10% over 2020. In contrast, GM sold 2.2 million cars in 2021, down nearly 13%, because the shortage of chips had a great impact on its manufacturing business, resulting in a decrease in the number of cars that dealers could sell. Previously, General Motors had been the largest auto manufacturer in the United States by sales.

Google will buy Israel's Internet security company Siemplify for 500 million dollars.According to TechCrunch, Google will buy Israel's Internet security startup Siemplify for about 500 million dollars. This is also the first time Google has acquired an Israeli security company. Founded in 2015, Siemplify has offices in the United States and London. The company has about 200 employees who will join Google after the transaction is completed. Google will take Siemplify as the basis of its Internet security business in Israel, which is also part of Google's cloud business.

Wal Mart: This year, the InHome delivery service will be expanded to 30 million households, and an all electric delivery fleet will be established.According to Bloomberg, Wal Mart announced that it will expand its InHome delivery service in the United States from 6 million to 30 million by the end of the year. In addition, the company plans to recruit more than 3000 delivery drivers this year and establish an all electric delivery fleet.

Australia and New Zealand

KPMG: The serious labor shortage in Australia is not a short-term problem, and the shortage of digital talents will become a major challenge.According to ABC News, after interviewing 400 business leaders in Australia recently, KPMG found that nearly 70% of the respondents believed that under the circumstances of negative net migration and rising epidemic cases, Australian enterprises were most worried about being unable to acquire and retain talents. At the same time, when business leaders were worried about the staff shortage caused by the epidemic, they also pointed out that with the continuous acceleration of digital transformation, the global demand for digital talents will continue to increase, and how to attract and train such technical talents will also bring major challenges to Australian enterprises.

Vonex, an Australian telecom service provider, acquired Voiteck, a South Australian operator.According to 61 Financial, Vonex has completed the acquisition of Voiteck. Vonex, an Australian technology company, is committed to developing new technologies in the communications industry. Its network infrastructure provides services for most regions of the world. This acquisition enables it to enter a new geographical region, providing a brand entity for the merged group. Voiteck is a mature provider of voice and Internet services for small and medium-sized enterprises (SMEs) in South Australia. The company is the largest wholesale supplier of telephone and Internet services in South Australia, focusing on providing personalized telecommunications solutions for organizations across Australia.

other

Sony entered the electric vehicle market, emphasizing safety as the first priority.According to Bloomberg, Sony CEO Shinichiro Yoshida announced the establishment of Sony Mobility Inc. at the International Consumer Electronics Show (CES) on Tuesday, committed to commercializing Sony's electric vehicles. It is reported that Yoshida said at the press conference before CES: "We are exploring the commercialization of Sony's electric vehicle business." In addition, Sony also released a prototype SUV electric vehicle at the meeting. Yoshida stressed that this SUV adheres to the first priority of safety, and said that 40 detection sensors are installed inside and outside the vehicle to ensure the safety of passengers.

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Sailing News Sailing Daily | China Cambodia Free Trade Agreement officially comes into force; Toyota overtook GM to become the largest car company in the United States

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