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Lazada is betting on logistics to win Southeast Asia

Last November, Lazada bought Singapore online grocer Redmart, with the hope that it will help to crack cold storage and expand groceries into the rest of the region.

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Grab participated in the latest $15 million financing round of Drive.ai, an autonomous-car tech startup from SV, and will assist it in bringing autonomous vehicles in Singapore.

1. Grab invests in Silicon Valley’s Drive.ai with plans to expand into Singapore 

 

Drive.ai has raised the total of $77 million since it was founded, it recently announced the plan to supply self-driving vehicles for Lyft’s ride-hailing network.

Drive.ai isn’t the first autonomous tech developer to take an interest in Singapore. Grab already has a pilot program there with nuTonomy.

Read the full story here

2. Lazada is betting on logistics to win Southeast Asia

Delivery and partnerships will go on to become Lazada’s competitive advantage to ace the logistics side of the growing ecommerce demand in Southeast Asia.

The marketplace has partnered with numerous companies like Ninjavan and Go-Jek for delivery. It currently has 130 distribution centers and 14 warehouses across the region, with plans to open 6 more.

Lazada claims to be the only one to have an open-network approach combining infrastructure and partners.

Last November, Lazada bought Singapore online grocer Redmart, with the hope that it will help to crack cold storage and expand groceries into the rest of the region.

Read the full story here

3. Following China, South Korea announced the ban on ICO 

South Korea becomes the second nation in Asia after China to prohibit Initial Coin Offerings (ICOs) in the country due to the potential for financial scams.

Regulations imposed in China have led to Korea representing an increasing portion of global cryptocurrency trading. The value of bitcoin went down 3% within 24 hours after Korea’s announcement.

Regulators across the world, including the US, Singapore, Hong Kong and the UK, have warned companies contemplating an ICO that they may violate securities laws; and the investors to lose money.

Read the full story here

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Original content by ecommerceIQ

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Cross-border e-commerce: How Thai SMEs can win over Chinese hearts?

It is expected that by 2020, China’s CBEC import value will reach CNY 3 trillion, representing a compound average annual growth rate (CAGR) of 30%, a growth rate highest among all types of trade.

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Navigating thru China’s cross-border e-commerce: How Thai SMEs collaboration can win over Chinese hearts?

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Thailand to fight counterfeit product sales online

Any buyers who want to report pirated or counterfeit products being sold online can contact the Department of Intellectual Property hotline on 1368.

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MBK fake watches

Thailand’s Department of Intellectual Property is cooperating with a famous online shopping website owner to resolve and prevent counterfeit product sales online.

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The State of eCommerce in Southeast Asia

Mobile apps are playing a vital role in the development of e-commerce. According to a report by Google and Temasek, there are more than 350 million internet users in the six largest markets in Southeast Asia

Boris Sullivan

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The Map of E-Commerce ranks Thailand’s top e-commerce players based on their average quarterly traffic, mobile application ranking, social media followers and number of staff. Data was collected in April 2019.

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