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Australia’s Afterpay to expand into Asia with EmpatKali buy

EmpatKaliAustralian fintech firm Afterpay has announced its plans to expand into Asia with the acquisition of Indonesia-focused buy-now-pay-later service EmpatKali.

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Australian fintech firm Afterpay has announced its plans to expand its services to at least four continents, including Asia, to capitalize on the online shopping surge brought by Covid-19.

The plan would involve the acquisition of Singapore-based but Indonesia-focused buy-now-pay-later service EmpatKali, Reuters reported.

Founded in 2018, EmpatKali provides its users with installment-based payment solutions for both online and offline transactions. “They have got an established, albeit very early-stage position in Indonesia,” Afterpay CEO Anthony Eisen told the publication.

According to Bain, Google, and Temasek’s 2019 e-Conomy SEA report, Indonesia’s internet economy has more than quadrupled in size since 2015 and is estimated to reach US$130 billion by 2025.

For Southeast Asia overall, the report estimated the region’s internet economy to breach US$100 billion by the end of 2019. Ecommerce emerged as Southeast Asia’s biggest and fastest-growing sector last year, which was then valued at around US$38 billion.

In addition to Asia, Afterpay also announced its formal launch in Canada, as well as its plans to enter Spain, France, Italy, and possibly Portugal and Germany.

Source: https://australianfintech.com.au/australias-afterpay-to-expand-into-asia-with-empatkali-buy/

Venture Capital

The Not-Amazons: Wish, Poshmark and the Race for Retail’s Soul

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To say 2020 has thrown retail shopping into upheaval would be a gross understatement. HP Inc. provided the latest reminder this week when it disclosed an 18% jump in unit sales of its consumer printers, an almost retro device that, along with e-bikes, virtual reality headsets and food delivery, people have discovered they want to have while stuck at home during the pandemic.

More so than in years past, demand for Internet shopping has been so strong that it has propelled investor and consumer interest in nearly every related company—not just Amazon. These include once-lagging public companies like Etsy and eBay, already-hot fintech private and public companies like Stripe, Affirm, Shopify and BigCommerce, and a cluster of highly valued retail startups including ThredUp, Poshmark and Wish.

Source: https://www.theinformation.com/articles/the-not-amazons-wish-poshmark-and-the-race-for-retails-soul

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The Information’s Guide to 10 Must-Stream TV Shows

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The holiday season is a great time to curl up on the couch and immerse yourself in a streaming television show—and that is triply true when a pandemic has fouled up travel and most other opportunities for entertainment.

The Information’s editorial staff reflected on some of their favorite offerings on Netflix, Amazon and other services and came up with the following list of 10 must-stream shows for 2020. The list is heavy on entries from Europe, including two each from Scandinavia and France. While we couldn’t resist recommending big-budget shows like “The Crown” and “The Boys,” we also included a quirky show on YouTube that uses the game Dungeons & Dragons as a springboard for storytelling.

Source: https://www.theinformation.com/articles/the-informations-guide-to-10-must-stream-tv-shows

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The Information’s 411 — I Left My Startup in San Francisco

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Cory talks to Scott Wiener, a member of the California state senate, about housing, the pandemic and the future of the tech industry in San Francisco. We wrote this week about the CEOs of Dropbox, Brex and Splunk leaving the city permanently. Wiener isn’t sure the trend will last. “There have been a lot of speculative predictions that I’m not sure will play out,” he said.

Source: https://www.theinformation.com/articles/the-informations-411-i-left-my-startup-in-san-francisco

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