'India version of the drop' Ola plans to achieve profit at the end of the year
The Economic Times, India's largest car application software, Ola, is nearing profitability and the company plans to go public in the next few years. The current competition between Ola and Uber in the Indian market continues.
According to sources, after removing driver incentives and user discounts, Ola is now profitable every time he gets out of the car. Although future wages and technology spending will increase, Ola is not far from the company's overall profit, and is expected to be at the end of the year. achieve.
Industry executives said that during the white-hot period of the 2015-2016 Indian taxi platform war, Ola and Uber lost 100-200 rupees per trip. Ola CEO Bhavish Aggarwal said in an internal mail last month that the company Achieving milestone progress, every time the car has turned around, the company will continue to focus on sustainable growth in profitability.
It is understood that in fiscal 2017, Ola's operating loss increased by 32% to Rs. 373.1 billion, while operating income increased by over 100% to Rs. 117.8 billion. Since the beginning of this year, Ola has significantly reduced variable costs, including advertising and promotion fees, and increased Fixed costs such as salary costs. In addition, Ola drastically cuts discounts on consumers and actively promotes its subscription services, including Select and Share Pass, to earn extra income.
Xiaomi goes to the United States as the largest shared scooter supplier
According to the US technology media Quartz, Xiaomi China has become the leading electric scooter foundry company in the United States. The unicorn Bird, which shares the electric scooter field, has put a lot of scooters supplied by Xiaomi. It is speculated that the company has been in May. Xiaomi signed a purchase agreement and ordered an electric scooter worth tens of millions of dollars. In addition, Bird's competitor Spin also began to purchase electric scooters produced by Xiaomi.
Another large-scale electric scooter manufacturer in the United States is Segway/Ninebot, which supplies Lime, another shared scooter brand in the United States. There is a close relationship between the company and Xiaomi, and Xiaomi may be one of its shareholders. Its true connection, Xiaomi official has not yet commented.
Terminal shipments changed three days into three days: Huawei will build the first African dedicated warehouse in South Africa
C114, following the continued success in South Africa, Huawei will complete the construction of its first African dedicated warehouse, which will be located in the free trade zone of Johannesburg International Airport as an important milestone for its long-term plan in South Africa.
Huawei said its South African smartphone market share continues to grow rapidly, currently approaching 10%. Huawei said that completing warehouse construction will increase customer satisfaction and help meet the growing demand for Huawei terminals in South Africa. Huawei is currently directly from China. The warehouse delivers smartphones and other terminals to customers. This process can take several weeks, and in some cases can lead to serious local inventory shortages. With the completion of the new warehouse, it is only three to send inventory from the local warehouse to the retail store. day.
Wal-Mart sells Japanese supermarket business Seiyu
Reuters news, US retail giant Wal-Mart decided to sell its Japanese supermarket giant Seiyu (Seiyu). According to analysis, in the competition with the US e-commerce Amazon, Wal-Mart concentrated large investments in the digital field, decided to withdraw from the development of the Japanese market At present, Wal-Mart hopes that its overseas business will focus on emerging markets such as China and India.
Wal-Mart has now begun to ask domestic counterparts and other companies to acquire Seiyu's intentions, with an estimated sales of US$2.7-4.5 billion. However, Seiyu stores are mostly aging buildings. The current comprehensive supermarket industry is generally in a downturn, and the overall acquisition is for other companies in the same industry. Little charm, negotiation or progress is difficult.
In addition to competition from online retailers such as Amazon.com, Japanese supermarkets are also squeezed by chain stores such as convenience stores and discount stores in a low-consumption environment. In the recent industry consolidation, the convenience store type of the whole family Shangchao is increasingly becoming a retailer's priority as a growth driver. It turns out that foreign retail giants have entered the Japanese supermarket industry with difficulties. In 2005, Carrefour and 2011 Tesco have all withdrawn from the Japanese supermarket industry. .
Trend & Policy
In the first half of 2018, India's PE investment decreased by 29%, and the transaction of more than 10 million US dollars was halved.
According to Bain & Co, data on private equity investment in India fell by 29% in the first half of 2018. The slowdown was mainly due to a drop in the number of transactions worth less than $10 million, from about 50%. In the previous year, the number of transactions dropped to 108. The total transaction volume in the first half of the year also dropped 22% from US$11.7 billion to US$9.2 billion. In addition, large investment institutions such as sovereign wealth funds and pension funds were in the first half of 2018. Investment activity has slowed down, with an average of one or two transactions per transaction. It is also an adjustment after the capital market is extremely active in 2017. In 2017, the value of PE of Indian private equity investment companies increased by more than 60% to US$15.7 billion. PE completes the investment exit for the most years.
Bain & Co said that investors' interest in emerging consumer technology leaders such as Flipkart, Paytm and Ola has driven large-scale trading in 2017. Currently, investors are mainly concerned with banking and financial services, energy and consumer/retail. Currently, the government's supportive policies have spurred a strong interest in renewable energy. The Canadian pension fund CPPIB and the Abu Dhabi Investment Group-led consortium have provided huge investments (more than $250 million) to companies such as ReNew Power and Greenko. And even in the case of a slowdown in trading activity, exports have risen significantly in the first six months of 2018.
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To develop an overseas market strategy for small and medium-sized enterprises, "Avat" won tens of millions of A rounds of financing
36氪 was informed that Internet big data marketing and solution provider 'Awate' recently completed tens of millions of A round of financing, led by Qifu Guolong Capital. This round of financing will be used for market expansion, talent introduction, team Construction, and upgrading of the product supply chain and R&D system. Avat has previously received a 10 million yuan Pre-A round of financing from Shenzhen Ventures.
Founded in 2015, Awat is a big data-based marketing monitoring service provider. Previously, it mainly provided digital marketing custody services, and its customer base was concentrated in large and medium-sized enterprises. Now a commercial data decision engine called 'Watt' is launched. It is used to meet the marketing monitoring needs of SMEs, including marketing insights, three-dimensional market data analysis, and advertising intelligent management platform.
Singapore robot consultant Bambu completes A round of $3 million financing
Bambu announced the completion of Series A financing, led by existing investor Franklin Templeton Investment. Bambu said it plans to use this new funding to accelerate its global expansion plans, strengthen its artificial intelligence research projects, and recruit more talent.
Launched in 2016 by Ned Phillips and Aki Ranin, Bambu focuses on R&D specifically for financial advisors in the financial sector. It uses B2B's business model and provides automation and technology-enhanced investment services tailored to each company's specific needs. Bambu can now Three different service offerings are available: Savings, Investment and Private Banking. The company is headquartered in Singapore and currently has offices in Hong Kong, Malaysia and the UK. As of now, Bambu has developed new in Asia, North and South America. Customers, and opened new offices in London and Kuala Lumpur.