Live commerce
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Highly successful in the Middle East, Jolly Information Technology is a Chinese cross-border e-commerce company that sells products to over 175 territories with over 20 million registered users. It currently has branches or local operating teams in Hangzhou, Shenzhen, Guangzhou, Hong Kong, the Silicon Valley, Jordan, Saudi Arabia and Dubai. Its online shopping app Jolly is the best-known app in the Middle East.
Highly successful in the Middle East, Jolly Information Technology is a Chinese cross-border e-commerce company that sells products to over 175 territories with over 20 million registered users. It currently has branches or local operating teams in Hangzhou, Shenzhen, Guangzhou, Hong Kong, the Silicon Valley, Jordan, Saudi Arabia and Dubai. Its online shopping app Jolly is the best-known app in the Middle East.
Taihecap (formerly TH Capital)
Taihecap is an investment bank established in 2012. As a financial advisor, it has served over 200 startups, including 40 unicorns, to raise more than $25bn in the primary market. Taihecap's long-term clients include the social commerce platform Pinduoduo, China’s largest used-car transaction platform Guazi.com, and the online K12 education platform Zuoyebang. Since 2019, Taihecap has started its overseas expansion into markets such as Southeast Asia and India.
Taihecap is an investment bank established in 2012. As a financial advisor, it has served over 200 startups, including 40 unicorns, to raise more than $25bn in the primary market. Taihecap's long-term clients include the social commerce platform Pinduoduo, China’s largest used-car transaction platform Guazi.com, and the online K12 education platform Zuoyebang. Since 2019, Taihecap has started its overseas expansion into markets such as Southeast Asia and India.
Co-Founder and CEO of iGrow
University of Indonesia (UI) graduate Andreas Senjaya holds a bachelor’s degree in Computer Science. He won the Most Outstanding Student of Computer Science competition and was the vice-chairman of the university’s Computer Science Student Association. Upon graduation, he became a co-founder and CEO of Badr Interactive, a web and mobile applications development company which developed the iGrow platform. He also founded the Nalacity foundation, a social enterprise and Hijab e-commerce store which aims to empower marginalized women and family members of leprosy patients.
University of Indonesia (UI) graduate Andreas Senjaya holds a bachelor’s degree in Computer Science. He won the Most Outstanding Student of Computer Science competition and was the vice-chairman of the university’s Computer Science Student Association. Upon graduation, he became a co-founder and CEO of Badr Interactive, a web and mobile applications development company which developed the iGrow platform. He also founded the Nalacity foundation, a social enterprise and Hijab e-commerce store which aims to empower marginalized women and family members of leprosy patients.
Co-founder and CMO of Kata.ai
Reynir Fauzan is a co-founder of virtual assistant app YesBoss, which pivoted into chatbot builder Kata.ai in late 2016. He remains with the company as CMO. Prior to establishing Kata.ai, he was the co-founder of STYYLI, a fashion e-commerce website based in Germany.Reynir graduated from a double degree program offered by Binus International, Indonesia. He earned a bachelor's degree in Marketing from Binus International, as well as a Bachelor of Arts in International Trade from Cologne Business School, Germany.
Reynir Fauzan is a co-founder of virtual assistant app YesBoss, which pivoted into chatbot builder Kata.ai in late 2016. He remains with the company as CMO. Prior to establishing Kata.ai, he was the co-founder of STYYLI, a fashion e-commerce website based in Germany.Reynir graduated from a double degree program offered by Binus International, Indonesia. He earned a bachelor's degree in Marketing from Binus International, as well as a Bachelor of Arts in International Trade from Cologne Business School, Germany.
Sandeep Aggarwal is a serial entrepreneur with an MBA from Washington University at St. Louis, USA. He worked at Microsoft and Citibank before returning to India in 2011 to establish ShopClues, India’s first online managed marketplace and the country’s fifth unicorn in the consumer internet sector . In 2014, he also founded an automotive e-commerce site Droom, where he currently serves as CEO. He recently became an angel investor and plans to invest US$3 million in 2017.
Sandeep Aggarwal is a serial entrepreneur with an MBA from Washington University at St. Louis, USA. He worked at Microsoft and Citibank before returning to India in 2011 to establish ShopClues, India’s first online managed marketplace and the country’s fifth unicorn in the consumer internet sector . In 2014, he also founded an automotive e-commerce site Droom, where he currently serves as CEO. He recently became an angel investor and plans to invest US$3 million in 2017.
Yonghua is a specialized investment company under Yongjin Group. With more than 20 years investment experience, it has invested in more than 100 companies, more than 50 of which are listed. Yonghua focuses on the most competitive companies in industries such as finance, e-commerce, education, healthcare, corporation service, new material and artificial intelligence.
Yonghua is a specialized investment company under Yongjin Group. With more than 20 years investment experience, it has invested in more than 100 companies, more than 50 of which are listed. Yonghua focuses on the most competitive companies in industries such as finance, e-commerce, education, healthcare, corporation service, new material and artificial intelligence.
Eduardo Saverin is a Brazilian tech entrepreneur and angel investor who is most famous for co-founding Facebook. A skilled investor, he reportedly made US$300,000 from trading while he was a Harvard undergraduate. He was also a co-founder and partner at B Capital Group that invested in logistics startup Ninja Van. In 2015, he invested in Indonesian e-commerce site Bilna and joined another funding round when Bilna merged with Moxy to form Orami.
Eduardo Saverin is a Brazilian tech entrepreneur and angel investor who is most famous for co-founding Facebook. A skilled investor, he reportedly made US$300,000 from trading while he was a Harvard undergraduate. He was also a co-founder and partner at B Capital Group that invested in logistics startup Ninja Van. In 2015, he invested in Indonesian e-commerce site Bilna and joined another funding round when Bilna merged with Moxy to form Orami.
All Iron Ventures, inspired by the “alliron” cry of the Biscay province in Spain, is a venture capital firm based in Bilbao. The VC was established by Ander Michelena and Jon Uriarte, the co-founders of Ticketbis who sold the business to eBay in 2016 for €165 million. The VC invests in capital-efficient and fast-growing e-commerce and marketplaces in Europe and the US.
All Iron Ventures, inspired by the “alliron” cry of the Biscay province in Spain, is a venture capital firm based in Bilbao. The VC was established by Ander Michelena and Jon Uriarte, the co-founders of Ticketbis who sold the business to eBay in 2016 for €165 million. The VC invests in capital-efficient and fast-growing e-commerce and marketplaces in Europe and the US.
Founded in 1972, Kleiner Perkins, formerly Kleiner Perkins Caufield & Byers (KPCB) is one of the world’s largest venture capital firms.The firm has raised $10bn through 20 venture funds and four growth funds and has invested in over 850 companies worldwide. Its China advisory team was founded in 2007 with a fund of $360m. It has invested in many of China’s star enterprises, including one of the country’s largest e-commerce platform JD.com.
Founded in 1972, Kleiner Perkins, formerly Kleiner Perkins Caufield & Byers (KPCB) is one of the world’s largest venture capital firms.The firm has raised $10bn through 20 venture funds and four growth funds and has invested in over 850 companies worldwide. Its China advisory team was founded in 2007 with a fund of $360m. It has invested in many of China’s star enterprises, including one of the country’s largest e-commerce platform JD.com.
Launched in 2013, Japan’s Rakuten Capital is the corporate venture capital arm of conglomerate Rakuten. It manages a range of funds, such as the early-stage Rakuten Ventures, Rakuten Fintech Fund, and Rakuten Mobility Investments. Its portfolio covers a broad range of companies, including C2C e-commerce platform Carousell, ride-hailing unicorn Gojek, and video game vouchers platform CodaPay. Notable exits include the IPOs of US-based ride hailing company Lyft and image sharing site Pinterest.
Launched in 2013, Japan’s Rakuten Capital is the corporate venture capital arm of conglomerate Rakuten. It manages a range of funds, such as the early-stage Rakuten Ventures, Rakuten Fintech Fund, and Rakuten Mobility Investments. Its portfolio covers a broad range of companies, including C2C e-commerce platform Carousell, ride-hailing unicorn Gojek, and video game vouchers platform CodaPay. Notable exits include the IPOs of US-based ride hailing company Lyft and image sharing site Pinterest.
Co-founder and CTO of Dekoruma
Despite his young age, Aruna Harsa has dabbled in developing various apps while still at Nanyang Technological University in Singapore. He exited a SaaS apps building solutions startup Dashell after two years in 2014.The Mathematics and Economics graduate then went on to develop an on-demand beauty services app Vanitee, but left the startup after only eight months when its Series A funding closed in 2015. Based in Singapore, the serial techpreneur is now co-founder and CTO of home decor and furniture e-commerce site Dekoruma.
Despite his young age, Aruna Harsa has dabbled in developing various apps while still at Nanyang Technological University in Singapore. He exited a SaaS apps building solutions startup Dashell after two years in 2014.The Mathematics and Economics graduate then went on to develop an on-demand beauty services app Vanitee, but left the startup after only eight months when its Series A funding closed in 2015. Based in Singapore, the serial techpreneur is now co-founder and CTO of home decor and furniture e-commerce site Dekoruma.
Co-founder and Chief Communication Officer of Tiket.com
Mikhael Geary Undarsa is armed with both IT skills and business administration experience. He graduated in 2007 with a bachelor’s in Computer Science and Business Administration from Simon Fraser University in Canada.He then worked as a business analyst at HSBC Canada for almost a year before moving on to join IBM Canada as an IT specialist. After three years working on web-based commerce projects, Mikhael returned to Indonesia to join PT Phase Solusindo and Tiket.com. He left PT Phase to become Tiket.com’s Chief Communication Officer.
Mikhael Geary Undarsa is armed with both IT skills and business administration experience. He graduated in 2007 with a bachelor’s in Computer Science and Business Administration from Simon Fraser University in Canada.He then worked as a business analyst at HSBC Canada for almost a year before moving on to join IBM Canada as an IT specialist. After three years working on web-based commerce projects, Mikhael returned to Indonesia to join PT Phase Solusindo and Tiket.com. He left PT Phase to become Tiket.com’s Chief Communication Officer.
Co-founder and CEO of Kioson
Jasin Halim read a master’s in Marketing and Finance at Monash University in 1990, while working as a lecturer in Computer Science. He returned to Indonesia in 1992 to establish a mail order company that was shut down due to the 1998 Asian financial crisis. Undaunted, he went on to establish a TV shopping company and a VOIP company. He also founded PT Mitra Cipta Teknologi, the company behind e-commerce HargaHot in 2012. However, Jasin later decided to quit HargaHot to co-found Kioson in 2015.
Jasin Halim read a master’s in Marketing and Finance at Monash University in 1990, while working as a lecturer in Computer Science. He returned to Indonesia in 1992 to establish a mail order company that was shut down due to the 1998 Asian financial crisis. Undaunted, he went on to establish a TV shopping company and a VOIP company. He also founded PT Mitra Cipta Teknologi, the company behind e-commerce HargaHot in 2012. However, Jasin later decided to quit HargaHot to co-found Kioson in 2015.
Co-founder and CTO of HelloBeauty
After graduating in 2014 with a bachelor’s in Political Science from Indonesia’s Universitas Katolik Parahyangan, Pradana Dyaksa joined PT IDS Medical Systems Indonesia as a management trainee. He later became the e-commerce manager of Bhuwana Ubud Hotel before working in business development at Rocket Internet’s Zen Rooms until he was promoted to become Head of Community in 2016.While still at Zen Rooms, he teamed up with colleague and fellow Parahyangan alumnus Dennish Tjandra to establish HelloBeauty, Indonesia’s leading platform for beauty services.
After graduating in 2014 with a bachelor’s in Political Science from Indonesia’s Universitas Katolik Parahyangan, Pradana Dyaksa joined PT IDS Medical Systems Indonesia as a management trainee. He later became the e-commerce manager of Bhuwana Ubud Hotel before working in business development at Rocket Internet’s Zen Rooms until he was promoted to become Head of Community in 2016.While still at Zen Rooms, he teamed up with colleague and fellow Parahyangan alumnus Dennish Tjandra to establish HelloBeauty, Indonesia’s leading platform for beauty services.
CTO and Co-founder of Tuvalum
Originally from Guatemala, Ariel Corzantes is a full-stack developer based in Valencia, Spain. In October 2014, he joined the co-founding team to build an e-commerce platform for trading pre-loved bikes and accessories. However, he left Tuvalum in January 2015, just before its official launch. Corzantes was the CTO for four months, making significant contributions to the technological development of Tuvalum’s platform. He went on to work for another company K2A Soft and is now studying industrial product design at EASD in Valencia.
Originally from Guatemala, Ariel Corzantes is a full-stack developer based in Valencia, Spain. In October 2014, he joined the co-founding team to build an e-commerce platform for trading pre-loved bikes and accessories. However, he left Tuvalum in January 2015, just before its official launch. Corzantes was the CTO for four months, making significant contributions to the technological development of Tuvalum’s platform. He went on to work for another company K2A Soft and is now studying industrial product design at EASD in Valencia.
In China, e-commerce platforms and brands bet big on live commerce
Retailers embrace shopping via livestreaming, where social media influencers hawk products and get rapid sales
Kuaishou: Grabbing a share of China's near-trillion-RMB livestreaming e-commerce market
With 300m daily users, the short video app for the grassroots has partnered JD.com to offer discounts to convert users into online shoppers
Unicorn Xiaohongshu refines social commerce model after stumble, as bigger players jostle in
Once the epitome of China's O2O social commerce success, Xiaohongshu (RED) tries to reinvent itself amid challenges from internet giants, influencers and short videos
300 million users in 3 years: Cracking e-commerce the Pinduoduo way
The dark horse of online retail is our key to understanding China's new consumer growth story
"Spot" your friends, live chat and share music with this social mapping app
Spot, a new challenger to China's WeChat, is using pop-up song lyrics to entice youths to live chat and play games
Haoyiku makes it possible to offer genuine products at lower prices
When e-commerce is combined with social media, everybody wins
Yimutian: China agriculture e-commerce's comeback kid
As the world’s most populous country faces potential food supply shortages, Yimutian, China’s No. 1 agro trading marketplace, is seeing more opportunities
Luo Yonghao: Maverick founder who gave Smartisan its allure, but couldn't build a winner
The Smartisan founder and internet celebrity is making a comeback with live commerce, after failing to sell enough smartphones at his own company
Thousands of Farmers: Creative subscription model to help farms sell seasonal produce
Just a few months old, Thousands of Farmers plans to add more entertaining features to its farm-to-table social commerce, attracting young consumers
Automated marketing platform Frizbit reaches over 1bn end-users; seeks European, LatAm expansion
Using AI and proprietary technology, Frizbit aims to help clients retain customers with personalized and automated push notification campaigns
Future Food Asia: Covid-19 sparked dramatic shifts in agriculture in China and India
Key Chinese players from e-commerce giant Pinduoduo and and agritech VC Omnivore share their insights at last week’s agrifood conference by ID Capital
Indonesia finance ministry cans e-commerce tax compliance law
The ministry says the law was misunderstood, but industry players had long questioned the need for such regulation
This e-retailer uses influencers to sell niche brand cosmetics in high-growth markets
Huajuan Mall is a popular makeup e-mall for young women in smaller Chinese cities, turning little-known local brands into big hits
BukaPengadaan: The B2B procurement service from e-commerce giant Bukalapak
Bukalapak’s e-procurement arm taps a growing market while helping vendors get online and access a broader range of clients
Meituan-Dianping’s Wang Xing: From struggling copycat to IPO billionaire
As the internet startup sets to list in Hong Kong this week, we take a look back at the journey of its founder Wang Xing, once dubbed “the unluckiest serial entrepreneur”
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