In the race to wire all these homes Jasmine is mostly vying with True, backed by the deep pockets of Thailand’s richest clan, the Chearavanont family.
* Pete Bodharamik Goes Big on Broadband—Forbes Asia
* Rocket’s Lazada And Zalora Lost $235.3 Million In 2014 But Are Inching Toward Profitability—Forbes
Lazada's websites started out three years ago as inventory-based direct retailers--thus,"the Amazon of Southeast Asia" moniker. In the past year, though, the switch to a primarily "marketplace" business model was the most significant driver of revenue growth, accounting for about 70% of Lazada's monthly sales as of November last year.
* Rocket Internet – First Mover In Asia?—Forbes
So back to the "market leader" thing. The prospectus reiterates that many Rocket sites are market leaders but never defines the term. Jabong is pulling impressive user traffic in India—almost 2 million visits per day, as the data above from SimilarWeb show. But that number is nowhere near Flipkart's daily average of 2.45 million.
* Malaysia’s Patrick Grove Aims To Go Global With Iflix Video-On-Demand—Forbes Asia
By Susan Cunningham Forbes Asia (This profile appeared in the March 2017 issue of Forbes Asia. Within ten days of its March 1 publication, Richard Quest conducted an in-person interview on CNN with the subject. Just a coincidence?) Patrick Y-Kin Grove is leaning against the pool table in Catcha Group's headquarters in the Mid Valley... Continue Reading →
* Malaysia’s Anthony Tan Leads GrabTaxi in Regional App Race—Forbes Asia
GrabTaxi may have won the first rounds. At the end of 2014 Easy Taxi pulled out of Indonesia and was laying off staff in Malaysia, while GrabTaxi Holdings had raised almost $340 million in venture capital and loans; Japan’s SoftBank is its biggest investor.
Susan J Cunningham 