e-procurement
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ARTICLES (294)
Wu received his bachelor's in Tourism Management from Nanjing University in 1995. His background is in e-commerce. Wu was one of the original founders of Luoji Siwei, but he left the company in 2013. His current business venture is Context Lab, a corporate services platform. Wu participated in Kuaipeilian's seed funding round.
Wu received his bachelor's in Tourism Management from Nanjing University in 1995. His background is in e-commerce. Wu was one of the original founders of Luoji Siwei, but he left the company in 2013. His current business venture is Context Lab, a corporate services platform. Wu participated in Kuaipeilian's seed funding round.
DFS168.com is a B2C e-commerce platform for agricultural materials. DFS168.com sells to major agricultural provinces in China such as Jiangxi, Heibei and Anhui. Upon noticing Chinese farmers' lack of agricultural expertise and technical knowledge, the team at DFS168.com came up with the idea of building an agricultural education platform. However, the company decided not to launch the business itself, worried farmers might misinterpret the platform as simply a means to sell more products. Instead, founder Yan Zitong co-founded Tiantian Xuenong, an independent company, with Zhao Guang, and DFS168.com assumed the role of angel investor.
DFS168.com is a B2C e-commerce platform for agricultural materials. DFS168.com sells to major agricultural provinces in China such as Jiangxi, Heibei and Anhui. Upon noticing Chinese farmers' lack of agricultural expertise and technical knowledge, the team at DFS168.com came up with the idea of building an agricultural education platform. However, the company decided not to launch the business itself, worried farmers might misinterpret the platform as simply a means to sell more products. Instead, founder Yan Zitong co-founded Tiantian Xuenong, an independent company, with Zhao Guang, and DFS168.com assumed the role of angel investor.
Startupbootcamp Commerce Amsterdam
Startupbootcamp Commerce Amsterdam is part of the Startupbootcamp accelerator global group that was originally founded in Denmark in 2010. The Commerce Amsterdam programs are dedicated to early-stage startups in the e-commerce and retail verticals. They help founders during the MVP development phase and provide mentoring support across logistics solutions, fraud security, AI, big data, advertising, marketing and sales.The programs are based in a co-working space in Amsterdam and founders receive €15,000 to cover their living expenses in the city during the three-month period of intense mentorship, masterclasses and pitching opportunities.
Startupbootcamp Commerce Amsterdam is part of the Startupbootcamp accelerator global group that was originally founded in Denmark in 2010. The Commerce Amsterdam programs are dedicated to early-stage startups in the e-commerce and retail verticals. They help founders during the MVP development phase and provide mentoring support across logistics solutions, fraud security, AI, big data, advertising, marketing and sales.The programs are based in a co-working space in Amsterdam and founders receive €15,000 to cover their living expenses in the city during the three-month period of intense mentorship, masterclasses and pitching opportunities.
Didac Lee is a Spanish entrepreneur and angel investor of Chinese descent. Lee focuses on investments in Spanish startups with recent participation in seed rounds of e-sports training program Gamestry and life management tool Eelp!Based in Barcelona, he has also established 15 companies including co-founding Galdana Ventures, a VC with interests in the US, Asia, Israel and Europe. Galdana has a portfolio of 30 companies with total investments worth US$1bn. Other companies include Tradeinn online sports stores and Inspirit business incubator. The serial entrepreneur is also a board member of Barcelona FC.
Didac Lee is a Spanish entrepreneur and angel investor of Chinese descent. Lee focuses on investments in Spanish startups with recent participation in seed rounds of e-sports training program Gamestry and life management tool Eelp!Based in Barcelona, he has also established 15 companies including co-founding Galdana Ventures, a VC with interests in the US, Asia, Israel and Europe. Galdana has a portfolio of 30 companies with total investments worth US$1bn. Other companies include Tradeinn online sports stores and Inspirit business incubator. The serial entrepreneur is also a board member of Barcelona FC.
The Mirae Asset Financial Group started in 1997 with Mirae Asset Global Investment and Mirae Asset Capital. The group's business interests focus on asset and wealth management, investments, and insurance. It has also invested in a range of companies, from logistics firm Shadowfax to AmazeVR. In 2018, it established a joint venture with Naver Corporation, one of South Korea's leading tech companies, and set up the Asia Growth Fund with $940m committed to VC investing in the region. The joint venture has backed Southeast Asian ride-hailing giant Grab, Indonesian e-commerce platform Bukalapak, and Singapore-based credit scoring firm FinAccel.
The Mirae Asset Financial Group started in 1997 with Mirae Asset Global Investment and Mirae Asset Capital. The group's business interests focus on asset and wealth management, investments, and insurance. It has also invested in a range of companies, from logistics firm Shadowfax to AmazeVR. In 2018, it established a joint venture with Naver Corporation, one of South Korea's leading tech companies, and set up the Asia Growth Fund with $940m committed to VC investing in the region. The joint venture has backed Southeast Asian ride-hailing giant Grab, Indonesian e-commerce platform Bukalapak, and Singapore-based credit scoring firm FinAccel.
China Literature was founded in March 2015 by merging Tencent Literature and Shanda Literature. It went public on the Stock Exchange of Hong Kong in November 2017. It owns online reading brand Qidian.com and acquired film and television production company New Classic Media in August 2018. It focuses on building a premium e-reading platform at home and abroad while seeking business opportunities in the adaptation of its copyrighted literary works into film and television productions, comics and animation and video games. As at late June 2019, there are over 11.7m pieces of literary works in its online library.
China Literature was founded in March 2015 by merging Tencent Literature and Shanda Literature. It went public on the Stock Exchange of Hong Kong in November 2017. It owns online reading brand Qidian.com and acquired film and television production company New Classic Media in August 2018. It focuses on building a premium e-reading platform at home and abroad while seeking business opportunities in the adaptation of its copyrighted literary works into film and television productions, comics and animation and video games. As at late June 2019, there are over 11.7m pieces of literary works in its online library.
Everbright New Economy USD Fund
Launched in 2018, Everbright New Economy USD Fund (New Economy Fund) is under the umbrella of China Everbright, a Hong Kong-listed financial conglomerate. The New Economy Fund started from an inaugural fund of US$483m, with US$150m from Bahrain-based asset manager Investcorp. It invests mainly in the e-commerce, smart retail and artificial intelligence sectors. In November 2019, China Everbright and Investcorp announced they will co-manage Investcorp New Economy Fund I and explore the opportunity to establish a successor private equity fund, jointly managed by the two parties, that will target China’s tech sector.
Launched in 2018, Everbright New Economy USD Fund (New Economy Fund) is under the umbrella of China Everbright, a Hong Kong-listed financial conglomerate. The New Economy Fund started from an inaugural fund of US$483m, with US$150m from Bahrain-based asset manager Investcorp. It invests mainly in the e-commerce, smart retail and artificial intelligence sectors. In November 2019, China Everbright and Investcorp announced they will co-manage Investcorp New Economy Fund I and explore the opportunity to establish a successor private equity fund, jointly managed by the two parties, that will target China’s tech sector.
Verlinvest is the investment diversification vehicle of the de Spoelberch family, the Belgian noble house, which founded the AB InBev beverage conglomerate. Founded in 1995, it currently manages over €1.6bn in assets across multiple geographies, including Europe, India, Southeast Asia and Latin America. Aside from investing in various F&B brands like Vita Coco (coconut water), F&B Asia (which operates various restaurant franchise brands in Southeast Asia) and Glaceau Vitamin Water, it has also backed e-commerce businesses like Global Fashion Group and Lazada, as well as Indian edtech platform Byju’s.
Verlinvest is the investment diversification vehicle of the de Spoelberch family, the Belgian noble house, which founded the AB InBev beverage conglomerate. Founded in 1995, it currently manages over €1.6bn in assets across multiple geographies, including Europe, India, Southeast Asia and Latin America. Aside from investing in various F&B brands like Vita Coco (coconut water), F&B Asia (which operates various restaurant franchise brands in Southeast Asia) and Glaceau Vitamin Water, it has also backed e-commerce businesses like Global Fashion Group and Lazada, as well as Indian edtech platform Byju’s.
With a special interest in enterprise tech, Silicon Valley-based Omega Venture Partners has 25 startups in its portfolio and, to date, has invested from pre-seed to Series E stages. It has managed eight exits to date. Its most recent investments were in the 2020 $55m Series B round of US-based small business management platform ZenBusiness and in the February 2021 $50m Series B round of US voice transcription software Otter.ai. The investor boasts an extensive network of major corporations as advisors and partners including Google, Microsoft, Amazon, IBM, SAP and CitiGroup.
With a special interest in enterprise tech, Silicon Valley-based Omega Venture Partners has 25 startups in its portfolio and, to date, has invested from pre-seed to Series E stages. It has managed eight exits to date. Its most recent investments were in the 2020 $55m Series B round of US-based small business management platform ZenBusiness and in the February 2021 $50m Series B round of US voice transcription software Otter.ai. The investor boasts an extensive network of major corporations as advisors and partners including Google, Microsoft, Amazon, IBM, SAP and CitiGroup.
Founder and CEO of Valuklik, Founder and CEO of PasarPolis
Cleosent Randing began his entrepreneurship journey after his graduation from Simon Fraser University in Canada. He read degrees in Business Administration and Economics in 2009.Besides Valuklik and Pinnacle, Cleosent also owns and runs two other ventures. He is a director of NuGlobe Solutions, a call center outsourcing company that he founded in 2010. He is also operating an e-commerce website for insurance products named PasarPolis.com that he recently set up in October 2015.Since April 2016, Cleosent has been an active member and director of the Indonesia Canada Chamber of Commerce (ICCC). He is also a director of the Canadian Alumni in Indonesia (Calindo).
Cleosent Randing began his entrepreneurship journey after his graduation from Simon Fraser University in Canada. He read degrees in Business Administration and Economics in 2009.Besides Valuklik and Pinnacle, Cleosent also owns and runs two other ventures. He is a director of NuGlobe Solutions, a call center outsourcing company that he founded in 2010. He is also operating an e-commerce website for insurance products named PasarPolis.com that he recently set up in October 2015.Since April 2016, Cleosent has been an active member and director of the Indonesia Canada Chamber of Commerce (ICCC). He is also a director of the Canadian Alumni in Indonesia (Calindo).
CEO and Co-founder of Glovo
Oscar Pierre (b.1992) trained as an aerospace engineer at the Polytechnic University of Barcelona (UPC) in Spain and later at the Georgia Institute of Technology in Atlanta, USA. He interned at Airbus, before starting his entrepreneurial career in 2014 by founding startups like Zikkomo and FUO Concept. Zikkomo is a platform that drives education in Malawi through multiple Active Africa ONG projects. FUO Concept was an e-commerce marketplace for local handicrafts.Pierre is now the CEO and co-founder of Glovo, an on-demand delivery platform with operations in 22 markets worldwide.
Oscar Pierre (b.1992) trained as an aerospace engineer at the Polytechnic University of Barcelona (UPC) in Spain and later at the Georgia Institute of Technology in Atlanta, USA. He interned at Airbus, before starting his entrepreneurial career in 2014 by founding startups like Zikkomo and FUO Concept. Zikkomo is a platform that drives education in Malawi through multiple Active Africa ONG projects. FUO Concept was an e-commerce marketplace for local handicrafts.Pierre is now the CEO and co-founder of Glovo, an on-demand delivery platform with operations in 22 markets worldwide.
Co-founder and COO of Kopi Kenangan
Before he became the COO of grab-and-go coffee chain Kopi Kenangan, James Prananto had built a career as an executive in Media Nusantara Citra (MNC), one of Indonesia's biggest media conglomerates. Prananto, who holds an MBA from the Loyola Marymount University, USA, started his career at Bakrie Brothers as an investment analyst. The stint only lasted for a few months before he joined MNC. Between 2013 and 2015, he worked his way up to become assistant head of investor relations and corporate finance. In 2015, he became the head of marketing for MNC's e-commerce branch, Mister Aladin, and held the role until 2018, a year after he established Kopi Kenangan with Edward Tirtanata.
Before he became the COO of grab-and-go coffee chain Kopi Kenangan, James Prananto had built a career as an executive in Media Nusantara Citra (MNC), one of Indonesia's biggest media conglomerates. Prananto, who holds an MBA from the Loyola Marymount University, USA, started his career at Bakrie Brothers as an investment analyst. The stint only lasted for a few months before he joined MNC. Between 2013 and 2015, he worked his way up to become assistant head of investor relations and corporate finance. In 2015, he became the head of marketing for MNC's e-commerce branch, Mister Aladin, and held the role until 2018, a year after he established Kopi Kenangan with Edward Tirtanata.
Modulous’s automated generative design technology and ready kit of parts pioneers the rapid scaling of affordable, locally built housing projects to meet sustainability goals.
Modulous’s automated generative design technology and ready kit of parts pioneers the rapid scaling of affordable, locally built housing projects to meet sustainability goals.
Charles Xue Biqun (b. 1953), alias Xue Manzi, is a popular Chinese-American billionaire venture capitalist and angel investor with over 10 million followers on Weibo. He studied foreign relations at the University of California, Berkeley. His most famous deal to date is his US$250,000 investment in Unitech in the early 1990s, which later became UTStarcom. The company went public in 2000, reaching a post-IPO value of over US$5 billion. He was also chairman of 8848.com (the earliest Chinese e-commerce network). Xue has invested in many internet startups in China, including PCPOP, Autohome, Xueqiu, CreatyChina, Community001 and 265.com (bought by Google).
Charles Xue Biqun (b. 1953), alias Xue Manzi, is a popular Chinese-American billionaire venture capitalist and angel investor with over 10 million followers on Weibo. He studied foreign relations at the University of California, Berkeley. His most famous deal to date is his US$250,000 investment in Unitech in the early 1990s, which later became UTStarcom. The company went public in 2000, reaching a post-IPO value of over US$5 billion. He was also chairman of 8848.com (the earliest Chinese e-commerce network). Xue has invested in many internet startups in China, including PCPOP, Autohome, Xueqiu, CreatyChina, Community001 and 265.com (bought by Google).
Established in San Francisco in 1998, global VC firm e.ventures now has offices and teams in the US, Brazil, Germany, China and Japan. The company invests from seed stage to later stages in sums ranging from US$500,000 to US$30m. It has invested in over 275 companies to date, as lead investor in 70, and has managed 42 exits, including Groupon and Farfetch. Recent investments include cloud-based contract management company Icertis's US$115m Series E round and workforce app Staffbase's Series C round. The VC has six investment funds, totaling US$1.1bn, including a US$125m European-dedicated fund established in June 2019.
Established in San Francisco in 1998, global VC firm e.ventures now has offices and teams in the US, Brazil, Germany, China and Japan. The company invests from seed stage to later stages in sums ranging from US$500,000 to US$30m. It has invested in over 275 companies to date, as lead investor in 70, and has managed 42 exits, including Groupon and Farfetch. Recent investments include cloud-based contract management company Icertis's US$115m Series E round and workforce app Staffbase's Series C round. The VC has six investment funds, totaling US$1.1bn, including a US$125m European-dedicated fund established in June 2019.
Indonesian B2B e-procurement platforms: Disrupting long-standing practices
Indonesia’s B2B e-commerce players are winning over corporate clients with education and government support, growing a market forecast to be worth $13.4bn by 2023
MBiz: Working toward the "tipping point" of e-procurement mainstreaming
Trusted by multinationals and conglomerates, Mbiz wants to take e-procurement mainstream by also working with municipal governments
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
GoWithFlow: Scaling ERP platform for sustainable mobility in global transportation markets
Portugal’s CEiiA spin-off leads the way to manage smart transportation systems of cities and corporations to boost fleet performance by reducing CO2 emissions and maintenance costs
Innovate big or go home: logistics unicorn YH Global eyes “Belt and Road” gold
The world’s first logistics firm to become a unicorn at Series A is a model of innovation in China. More overseas growth is next
Indonesia 2021 outlook: VCs "cautiously optimistic" on Southeast Asia's largest country
Investors expect Indonesian startups to regain their growth opportunities when the economy reopens with the Covid-19 vaccine rollout, even as some online living and working habits have stuck
China reverses ban on street vendors to boost economy, sparking new demand for digital solutions
Alibaba, Tencent, Meituan and other tech giants give roadside vendors digital makeover, so they can compete with fast-food chains like McDonald’s, KFC and Pizza Hut
Some Chinese startups spot new market opportunities amid Covid-19 gloom
Crises create opportunities for startups to pivot and innovate, as Covid-19 is showing
China's Yuanfudao now the world's most valuable edtech with $2.2bn new funding
Yuanfudao’s second tranche of its Series G funding follows the $1bn it raised in March, bringing its valuation to $15.5bn
Haoqipei: Connecting China's vast B2B auto parts market
Haoqipei not only connects buyers and sellers with a B2B trading platform, it also uses big data to build trust and relationships in a highly fragmented market
P2P financing platform Investree raises Series C, with $23.5m in first tranche
Indonesia's Investree closes key funding amid Covid-19 crisis; is applying for licenses in Thailand and the Philippines in regional expansion
Rainier: Decade-long dedication to VR research bears fruit in edtech market
Beijing-based Rainier is using VR technology to improve safety in lab experiments at universities and high schools, even primary schools
Rheaply: Pioneering B2B asset reuse through technology
Through its SaaS platform, this Chicago-based startup finds success in the under-served corporate second-hand market, essential to any successful circular economy, recently landing $8m Series A
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
Amartha CEO and founder apologizes for Covid-19 letter that mixed government work with his business
Andi Taufan retracted the letter, saying haste to support Covid-19 prevention program led to administrative errors, after public uproar and allegations of conflict of interest
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