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Go-Jek enters Vietnam, Thailand, Singapore and Philippines in next few months

Go-Jek announced to enter the market in Vietnam, Thailand, Singapore and the Philippines in the next few months. Indonesian ride-hailing and online payment firm on Thursday said it would have invested US$500 million to boost international services covering Southeast Asia.

"People in Vietnam, Thailand, Singapore, and the Philippines do not feel that they get enough choice when it comes to ride-hailing," said Go-Jek founder and CEO Nadiem Makarim.

This official announcement came after Uber Technologies Inc. sold their operations in Southeast Asia to Grab as a local competitor. Go-Jek's move will begin with ride-hailing before expanding into other sectors in areas previously occupied by Uber and Grab.

Go-Jek says it will work with regulators and other stakeholders across the region to prepare for new operations as best as possible. This expansion follows Go-Jek's last fundraising that brings investment from companies including Astra International, JD.COM, Tencent, and T…
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Foxconn unit to raise $4.2 billion IPO in Shanghai

Foxconn unit to collect US$4.2 billion in an IPO on the Shanghai stock exchange. Taiwan's Foxconn Industrial Internet as one of Foxconn's electronics manufacturing giant units that makes cloud services and industrial robot equipment will float 10% of total shares in an initial public offering in China on Thursday aiming to raise 27.1 billion yuan as China's biggest mainland debut for three year.

Taipei-based Foxconn, also known as Hon Hai Precision Industry Co. is the world's largest electronics contract manufacturer, a major supplier of components and assembler products by international brands including Apple and Sony. Foxconn Industrial Internet will launch 1.97 billion new shares at 13.77 yuan per share to raise 27.1 billion yuan (US$4.2 billion).

The IPO will be the largest in mainland China since 2015. Foxconn said it will use the funds raised to improve smart manufacturing, build an internet platform to connect factories, invest in cloud computing and fifth gener…

Ather Energy builds EV charging points ahead of S340 scooter

Ather Energy Pvt. Ltd. rolled out the charging points for EV called AtherGrid in Bengaluru. Electric scooter makers startup powered by Hero MotoCorp Ltd. and Tiger Global Management on Monday announced to build 60 charging points to be installed in cafes, malls, fitness centers and others ahead of the launch of the S340 electric scooters by the end of the year.

"Infrastructure and charging networks are the biggest part here. If you want to launch an electric vehicle, you need a charging network at the beginning and that's why the charging infrastructure will live first," said Ather Energy founder and CEO Tarun Mehta.

The company is targeting the first 30 points of charging by the end of this month. The charging point is designed for two-wheeled vehicles but can be used to charge all EVs including four-wheeled vehicles. The company will double the benefits for a 12 month free charging for S340 scooter buyers. Customers will also have the option to install an AtherGrid cha…

YouTube has 48% market share in Indonesia, television stations has 52%

YouTube has a share of 43% to 53% of the spectacle media or has matched the position of television in Indonesia. Google LLC and market research firm Kantar TNS announced the results of research that says YouTube has started to rival television as the most accessible medium of media in Indonesia.

The research investigates YouTube's use of increased popularity, urban and rural market differentials, to the kind of content that Indonesians are interested in. The role of YouTube in Indonesia as a means of publishing video content continues to increase where the number of hours of content uploaded from Indonesia has more than doubled year by year.

According to research results, 92 percent of users in Indonesia say YouTube is their first goal to look for video content. Users think YouTube makes it easier for them to find interesting content on various topics. The research involved 1,500 respondents where 53 percent said they access YouTube every day and 57 percent said they watched telev…

PayPal acquired Sweden's for $2.2 billion

PayPal Holdings Inc. said on Thursday it had agreed to acquire Sweden's for US$2.2 billion. Startup headquartered in Stockholm is one of the most renowned financial technology companies in Europe where the deal will allow PayPal to expand the market globally and will mark the largest acquisitions ever made by a company based in San Jose, California.

iZettle offers a mini credit card device for small businesses that can turn smartphones and tablets into payment registers. The company has been present in 11 countries and offers other services for small businesses including loans. iZettle also has plans to go public.

The deal will also help PayPal provide a more comprehensive suite of services to its merchants, while PayPal that operates in the next 200 countries allows iZettle to accelerate its international expansion including the US. Similar services and major competitors in the US are Square Inc founded by Twitter CEO Jack Dorsey.

Since separating from eBay in 2015, P…