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IT distributors not fazed by latest rules
published : 10 Jul 2021 at 10:13
IT distributors have expressed confidence the fresh Covid-19 restrictions announced by the government will not have a drastic impact on their operations, saying their online sales are expected to help offset any loss of earnings from the closure of their shops.
Parcel delivery operators say they already prepared business plans for stricter rules so they expect a minimal impact.
Takon Niyomthai, head of IT business development at Com7, a SET-listed IT retail chain, said the company dealt with a lockdown in the second quarter last year. We relocated inventory that supports [offline] shops to online sales, Mr Takon said.
Racing for super app supremacy
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Corporates are exploring bundling multiple services to boost profits
published : 9 Jul 2021 at 06:00 Grab and Gojek have diversified their services.
A push by corporates to become super app operators like the case of Malaysian-based airline AirAsia casts light on their determination to create ecosystems that could drive down costs and expand customer bases through integrated services, say business pundits.
On Wednesday, AirAsia announced it would acquire Indonesian ride-hailing and payments firm Gojek s Thailand business, saying the deal is the right move to leverage the know-how of Gojek and integrate it with the stronger brand of AirAsia which is looking to expand into food deliveries and fintech services.
Thai delivery startup Flash says raises $150 mln, becomes unicorn Reuters 1 hr ago
BANGKOK, June 1 (Reuters) - Thai logistics startup Flash Group on Tuesday reported its latest round of fundraising had generated $150 million, which it said pushed its overall value beyond the $1 billion mark, reflecting a surge in e-commerce demand.
The new investment comes amid strong growth of online retail in Thailand at a time of prolonged coronavirus outbreaks and social restrictions.
Flash Group chief executive, Komsan Lee, said among the company s next moves would be to expand elsewhere in Southeast Asia.
Flash, founded in 2017, has not publicly disclosed a breakdown of investments in the company. Asked by Reuters about the valuation, Komsan said: Exceeded $1 billion, that s a unicorn .