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It surpassed the United States for the first time and India became the world's second largest 5G mobile phone market; Meituan went to Saudi Arabia to start international expansion 丨 Going Global

 2024-10-26  Read 88  Comment 0

Abstract: The "Going Global Weekly" is a series of out -of -sea series launched by Entrepreneurship. It aims to select the overseas event, overseas companies, investment and financing news for entrepreneurs and investors in the sea. This article

It surpassed the United States for the first time and India became the world's second largest 5G mobile phone market; Meituan went to Saudi Arabia to start international expansion 丨 Going Global

The "Going Global Weekly" is a series of out -of -sea series launched by Entrepreneurship. It aims to select the overseas event, overseas companies, investment and financing news for entrepreneurs and investors in the sea. This article is reported by the column.

Sort out 丨 Zhao Xiaoxiao

This week (2024.09.09-09.14) The major incident in the sea includes: the United States has determined to increase the tariffs of Indian product significantly, and take effect on September 27;%; Shein uses Balana as a new strategic expansion area; Haidilao will open more stores in New York and Los Angeles next year; India is the first to supermarket in the world, becoming the world's second largest 5G mobile phone market;Early next year's next year; Carrefour and Dubai Clothing Group cooperate to enter the Indian market; Turndyol, a Turkish e -commerce company under Ali, plans to enter the European market; Norwa Coffee has completed hundreds of millions of yuan B ++ financing and will enter the Southeast Asian market.

The United States has determined a significant increase in Indian product tariffs.

The US government determined on September 13 to increase the import tariffs on Indian products significantly, including increasing the tariffs of electric vehicles by 100%to strengthen the protection of the domestic strategic industry.Some tariffs will take effect on September 27.

In addition to imposing 100%tariffs on Indian electric vehicles, the United States will also impose 50%tariffs on India's solar cells, and impose 25%tariffs on Indian steel, aluminum, electric vehicle batteries and key minerals.

At the same time, the United States increases the import tariffs of Indian semiconductors by 50%. This new tax rate will take effect in January 2025. In this semiconductor, the polysilicon and silicon wafer used in solar panels are added.

Meituan takeaway overseas version of KEETA is launched in Saudi Arabia, opening the first international expansion outside India

On September 9, Meituan takeaway overseas version of Keeta was launched in Saudi Arabia. It has launched food ordering and distribution services in Alkagigi, Saudi Arabia.This is the first international expansion of Keeta outside India.

Meituan launched a new takeaway brand Keeta in Hong Kong last May. On October 25 of the same year, Keeta's service scope was covered in Hong Kong.According to the data released by the market research agency MeaSurable AI in May, according to the number of orders in March 2024, Meituan Hong Kong business KEETA's single -volume market share has reached 44%, which has jumped to the largest takeaway platform in Hong Kong.

In Saudi Arabia, Meituan will face fierce competition from local companies such as Jahez, TALABAT, and HUNGERSTATATATION.Data platform Statista predicts that the online food distribution market in Saudi Arabia is expected to reach $ 11.74 billion in 2024, and the market size will increase to $ 15.13 billion by 2029.

TEMU becomes the second e -commerce website with the second global visits

According to Similarweb data, Temu, a subsidiary of Pinduoduo's overseas e -commerce platform, visited nearly 700 million times, becoming the world's second largest e -commerce website, surpassing eBay.

Similarweb data shows that Temu's 700 million monthly visits.Only a quarter comes from the United States, and TEMU's business spreads in 79 countries.In contrast, Amazon's visits were 2.7 billion times, almost all from American users.

According to BSM data, TEMU's sales in the United States increased year -on -year to 37%year -on -year, lower than 45%in July.Bank of America analysts will slow down their growth due to the huge differences with the surge in last year and sales stable.

It is understood that in the first seven months of 2024, TEMU's share in the US market was stable at about 3%, and in August, it rose slightly by 40 basis points to 3.4%.This month, TEMU once again won the download champion of non -tourism applications in Latin America with more than 12.25 million downloads.

SHEIN uses Barana as a new strategic expansion area

SHEIN is accelerating the layout of the Brazilian market and recently announced that Balana is used as a new strategic expansion area, and the goal of attracting 1,500 local sellers to settle in before the end of November.

Since entering Brazil in April 2023, SHEIN has developed rapidly, and the number of sellers has increased by 150%to 25,000 in 9 months.The expansion company aims to achieve the goal of 85%of Brazil's local sales by combining local production and international markets.

Because of its superior geographical location and the development of the textile industry, Parana has become a preferred place for Shein's expansion. The four major cities in the state will become the focus of development.Shein Brazil's state manager said that the move will further promote the company's localization process and help local miniature, small, and medium -sized enterprises to expand the market.

TIKTOK has confirmed that it will not launch e -commerce services in Australia this year

Tiktok has reportedly confirmed that it will not launch its e -commerce services in Australia this year.A Tiktok spokesman said that he did not launch a Tiktok Shop in Australia in 2024.Earlier this year, Tiktok Shop announced that it would be launched in Australia.

The suspension of Tiktok's e -commerce plan in Australia may mean that brands and businesses need to find other channels to enter the Australian market, including other social media platforms, e -commerce platforms or traditional retail channels.

Haidilao will open more stores in New York and Los Angeles next year

Haidilao said that in the next few years, it will focus on further expanding to mature overseas markets, especially the United States.Yang Lijuan, CEO of Teahai, said that more stores will be opened in New York and Los Angeles as soon as next year, and the US market will "have the greatest potential" globally.

Yang Lijuan said that the overseas market is large enough, "we can cultivate the market little by little"; in order to cultivate a wider customer base, the company plans to change the supply of some overseas branches, including the halal food currently in the trial operation in Southeast Asian countries.

It is understood that the Tshahai International plans to set their sights on a farther overseas market and are considering the potential markets such as Switzerland, Germany, Spain, and France.

India is the first in the United States, becoming the world's second largest 5G mobile phone market

The latest report of Countpoint shows that the global 5G mobile phone shipments increased by 20%year -on -year in the first half of 2024.India has surpassed the United States for the first time to become the world's second largest 5G mobile phone market, second only to India.

Apple is leading the world's 5G mobile phone shipments, accounting for more than 25%. It mainly benefits from the iPhone 15 series and 14 series, followed by Samsung, thanks to the strong shipments of the Galaxy A series and the S24 series.21%, Xiaomi ranks third, India is its main driving force.

As 5G penetrates into a lower price segment, 5G mobile phones account for more than 50%of the overall shipments.Among the top five countries in the world, India has grown the fastest.Analysts predict that the 5G share will exceed 57%in 2024 and reach 65%in 2025.

American Home Furnishing Store BED BATH & Beyond plans to regain offline next year

Since BED BATH & Beyond (hereinafter referred to as Beyond) applied for bankruptcy last year, the company has only e -commerce channels. The parent company Beyond.INC has recently stated that the company is planning BED BATH & Beyond to return to physical store channels. Customers are expected to be ones.In February and March next year, buy home products at the BED BATH & Beyond physical stores.

Beyond plans to return to the authorized model to transform the existing stores of the partner into Beyond stores, and push the BBB brand into the wholesale market at a low cost.The company's CEO Marcus Lemonis said that this cooperation model has no lease responsibility, labor responsibilities, and inventory responsibilities.It is understood that the Beyond physical store has begun preparations. Bed Bath & Beyond has used branches in the United States, Canada, and Mexico.The company's sales have declined sharply since 2022, and a serious operating capital gap has occurred. It applied for bankruptcy protection in March last year.

Carrefour and Dubai Clothing Group cooperate to enter the Indian market

Carrefour has recently announced that it has reached a partnership with the APPAREL Group headquarters in Dubai's clothing group to strengthen its business layout in India.The cooperation will first be launched in northern India, and it is planned to gradually expand to the whole country. The first store is expected to open in 2025.

According to the report, Carrefour will flexibly adjust its operating model according to different geographical and social environment, attract customers from traditional trade and e -commerce channels.The entry plan marked that before 2026, Carrefour's market scope expanded to an important step in more than 10 new countries.

At the end of 2010, Carrefour opened the first self -transportation store in the East East of New Delhi, India. Three years later, it opened to 5 stores. Due to India's protection policy for the retail industry, Carrefour withdrew from India's wholesale business in 2014.In recent years, Carrefour has withdrawn from many markets, including Greece, Colombia, Singapore, and Malaysia.

Treaty e -commerce Trendyol under Ali plans to enter the European market

According to reports, Trendyol, a Turkish e -commerce giant, has gradually extended its platform to the European market, especially Eastern Europe.Trendyol Group CEO said that because of seeing the continuous interest of Turkish products in the Eastern European market, Trendyol decided to take strategic expansion measures this year to expand the European market.

Trendyol accelerated the process of overseas expansion in the second half of last year.In May last year, Trendyol established a subsidiary in Azerbaijan.In January of this year, Trendyol launched the Czech site. According to the plan at the time, after successfully entering the Czech market, Trendyol will also be launched on many Eastern European sites such as Greece, Hungary, Romania.

Trendyol was founded in 2010 and is the largest e -commerce company in Turkey. In 2018, Ali acquired most of Trendyol's equity with at least $ 750 million.

Augmented real immersive exhibition of Alternative Master of Paris opened in the National Museum

On September 11, L'Oreal Group joined hands with the National Museum of India and the Paris Virgin Public Repairing Agency.A "Digital Twin" Paris Virgin.

In April 2019, the spires of the Virgin collapsed in the light. The Balugu family of L'Oreal Group and the L'Oreal Group donated 200 million euros to the cathedral for the first time.The company's Histovery jointly developed and promoted the global tour exhibition of "Augmented Real Real Platform immersed exhibition in Paris".

It is reported that this exhibition is one of the official cultural exchange projects of China -France's 60 years of establishment diplomatic relations. It is unique in the global tour exhibitionIndore Stock. Four of them came to China for the first time in China.

At present, the "Enlightenment of the Paris Master's House" has traveled all over 14 major cities around the world.In addition to Beijing, L'Oreal also supports the exhibition in Mumbai, Seoul, Tokyo, and Hong Kong in the company's North Asian region.

Norva Coffee has completed hundreds of millions of yuan B ++ round of financing, and will enter the Southeast Asian market

The chain coffee brand Nowwa Norva Coffee has recently announced the completion of B ++ rounds of financing, with a amount of hundreds of millions of yuan.Yushan Tianzhang, Shengjing Jiacheng Mother Fund, and Yuanxing Capital participated in this round of financing.Prior to this, NOWWA Norva Coffee has completed five rounds of financing. Investors include Jinshajiang Venture Capital, SIG Hainan Asia, Sanqi Investment, Consumer Investment, Belle Group Consumer Fund, Yuanxing Capital, Gurryshark Capital, Shengjing ShengjingJiacheng, Boopen Venture Capital and many angel investors.

NOWWA Nova Coffee was established in June 2019. Since its first store in Mumbai, Norva has covered more than 160 cities. In 2023, GMV increased by nearly 100%. It is currently planning to land in the Southeast Asian markets such as Thailand and Singapore.

Domestic lyrics speaker brand Morror Art completes nearly 100 million yuan B round of financing

The domestic lyrics speaker brand Morror Art recently announced the completion of nearly a round B financing of nearly 100 million yuan. This round was led by the Maritime Sky Fund, Zero 1 Investment and Investment, and Sadfare Consumption as an exclusive financial adviser.The funds will be mainly used for product development and international market expansion.

Since its establishment in Wuxi, Jiangsu in 2020, Morror Art has been committed to combining auditory art with visual art, and by incorporating display technology into speaker products to create lyrics and speakers coordinated with home aesthetics.The brand has now launched six products including transparent lyrics speakers, mural lyrics speakers, and record lyrics speakers.

Singapore Digital Bank and Credit Payment Service Provider FINTURE completed a $ 30 million round B financing

Recently, Finture, a Singapore Digital Bank and Credit Payment Service Provider, announced that it has raised a round B financing of $ 30 million for its credit payment platform YUP.This round of financing was led by the Hong Kong venture capital institution Mindworks Capital, and participated in XVC, SWC Global, Richen Pioneer and Antao Capital.This round of financing will be used to support the expansion of YUP in the Southeast Asian market and the preparations for obtaining bank licenses in Indonesia.

FINTURE was founded in 2021 and operated digital banks and credit payment business in Southeast Asia.The main product YUP mainly serves Indonesian salaries.According to reports, YUP has cooperated with more than 40 million merchants across Indonesia, and the number of transactions has reached 10 million. By the end of this year, the platform's transaction volume is expected to reach US $ 1 billion.The company plans to be in the United States IPO in the next 3 to 5 years.

Egyptian digital payment solution provider Paymob announced the completion of B+round of financing

Recently, Paymob, the Egyptian digital payment solution provider, has announced the completion of B+round of financing. Investors include EBRD Venture Capital, Endeavor Catalyst, Helios Investment Partners, Nclude, PayPals, and British International Investment Corporation and the Netherlands. Name investment institutions.

Founded on March 1, 2015, Paymob is a digital payment solution provider including payment, insurance and acceptance.The company's business covers bank card payment, mobile wallets, retail store payment, consumer financial services, and OTC services.Guoabong Investment

This round of financing will be used to further expand the scope of Paymob's business, enhance payment processing capabilities, and promote the company's growth in the Egyptian and other African markets.

Malaysian coffee brand Zus Coffee received $ 57 million investment

On September 10, the Malaysian coffee brand Zus Coffee received $ 57 million in financing, investing in investment consortiums consisting of KV Asia Capital, KWAP, and Kapal API Group.Since its launch in 2019, Zus Coffee has become Malaysia's largest coffee chain brand.

Zus Coffee was established in 2019 and opened its first store in Kuala Lumpur. The starting prices of its American and latte products were $ 1.47 and $ 2.33 (about 10.5 and 16.6 yuan).In addition to coffee, Zus Coffee is also committed to exploring fast -selling products such as coffee drinks.At present, Zus Coffee has 550 in Malaysia, surpassing Starbucks, becoming the second largest brand coffee chain brand after Tealive.

Singapore's electric vehicle charging operator Charge+obtains $ 8 million in Series A investment

On September 9, Singapore's electric vehicle charging operator Charge+received $ 8 million in Series A financing, led by Trive Venture Capital.The funds will be used to accelerate the expansion of Charge+electric vehicle charging infrastructure across Southeast Asia.

CHARGE+was established in 2018. By 2030, Charge +'s goal is to deploy 30,000 electric vehicle charging points around the world, and make meaningful contributions to the promotion of electric vehicles in the region.CHARGE+operates more than 2,000 electric vehicle charging stations and install charging stations in public housing, apartments, shopping centers, commercial buildings and industrial facilities.

Amazon plans to increase the investment of over 2.1 billion US dollars to the delivery service partner

Amazon announced on Thursday that the delivery service partner (DSP) plans to increase more than $ 2.1 billion in investment for security plans, DSP price lists, training, value -added services, incentive measures, etc.In the past six years, the Group's total investment in the plan has reached $ 12.3 billion.

Amazon said that it will invest 660 million US dollars next year to increase compensation for its delivery service partners (DSP). It is expected that the expenditure will increase the average salary of the driver to $ 22 per hour, an annual increase of 7%.

About Going Global


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