Tech in Asia - Will Shopee get India in the bag?

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Hello there ,

All Of Us Are Dead, the latest Korean zombie series on Netflix, was terrible.

There, I said it. If I had to take a shot every time characters did something stupid or stood around doing nothing while someone was getting attacked, I wouldn’t be alive to write this. I think part of the disappointment stems from my first experience with Korean zombie media, which was Train To Busan. Now that was a great film. I couldn’t help making comparisons between the two, especially when it came to aspects such as writing and character development.

While my prior enjoyment of Train To Busan might have led to some failed expectations with All Of Us Are Dead, let’s hope the same fate doesn’t befall Shopee with its recent foray into India. Going up against entrenched incumbents such as Meesho, Amazon, and Flipkart, the ecommerce giant has its work cut out. In today’s story, we break down Shopee’s performance so far and what it needs to do to win in its new market.

-- Jonathan
 
 

THE BIG STORY

Can Shopee win in India?
Regulatory hurdles, counterfeit items, and “China-related” issues are not stopping Shopee from snapping up millions of followers in India.
 
 

EVENT


With global inflation rates being the highest they have been in decades, keeping profit margins healthy will be a challenge for startups.
Join us on February 24 as Billy Naveed, the chief strategy officer at Smile Group, explains how startups should approach runway, burn, valuation, and fundraising in these times.
Click here to reserve your seat.



 

TRENDING NEWS

AC Ventures leads $4m round of IDN crypto app
Nobi currently manages over one trillion rupiah (around US$70.1 million) worth of crypto assets.
ShopBack in talks for $150m fundraise
If successful, the funding will boost ShopBack’s valuation and push it towards unicorn status, sources told Bloomberg.
Employment Hero nets $130m, buys Australian HR tech firm
With the latest fundraise, the HR tech startup’s valuation has nearly reached unicorn status at US$901 million.
Shein shifts parent firm to Singapore
Shein is on a hiring spree in the city-state and Chris Xu, the firm’s founder and CEO, has become a permanent resident of Singapore, sources told Reuters.
South Korean crypto exchanges Upbit, Bithumb turn unicorns
Other unicorns in the country include Zigbang, Kurly, Bucket Place, Daangn Market, and Ridi, Forkast.News reported.
This deck helped make a $1.2m gain for VN trading app
Anfin enables users to buy and sell stocks listed on Vietnam’s largest stock exchanges.


EVENTS HAPPENING


You can also check out a curated list of trending tech events over here.
  • *Event* [Workshop] How to protect your business from inflation on February 24th
    With global inflation rates being the highest they have been in decades, keeping profit margins healthy will be a challenge for startups.
    Join us on February 24 as Billy Naveed, the chief strategy officer at Smile Group, explains how startups should approach runway, burn, valuation, and fundraising in these times. Click here to reserve your seat.
  • Transforming the Customer Journey: Virtual Summit on February 24th
    Join the insurtech industry's leading players as they discuss how technology is transforming the customer experience for the digital generation and how insurers can create intelligent workflows for their agents and policyholders.
  • AWS SaaS Forum on March 8th
    Join the AWS SaaS Forum on March 8 to uncover opportunities and insights on SaaS trends, outlook for 2022 and how to build your business playbook. Attendance is complimentary.



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