Daily News | Xiaomi launches Mi Credit loan solution in India; Vingroup will build Vietnam’s largest consumer platform


Xiaomi India launches Mi Credit loan solution in India.According to ET Tech, Xiaomi has officially launched its online lending solution Mi Credit in the Indian market.This is the second financial solution launched by Xiaomi in India after Mi Pay.Xiaomi has partnered with non-bank financial institutions or financial technology companies to provide this service.It is reported that Xiaomi Finance’s business started four years ago.Xiaomi said: “Today, we have more than 300 million Mi Fans in the global community and understand their consumer behavior-this is one of the advantages of our stronger Mi Finance business globally.” Silicon Valley Venture CapitalAccel Partners raised $ 550 million for its sixth Indian fund.According to KrASIA, the 35-year-old American venture capital firm established its first fund in India in 2005.According to the company, in the past 15 years, its team in India has expanded to more than 50 people, managed assets of $ 1.6 billion, invested in 100+ early Indian startups, and its well-known portfolio companies include takeaway platform Swiggy and India’s Saas Independent.Horny Freshworks, fitness startup, freight platform BlackBuck, ticketing platform BookMyShow, and bike and scooter rental platform Bounce.Tiger Global led a $ 20 million funding round for B2B building materials e-commerce platform Infra.Market.According to ET Tech, Nexus Venture Partners and existing investor Accel Partners also participated in the round.Earlier in August, the company had also completed a $ 3.5 million seed round.FinAccel, the parent company of Kredivo, a digital credit card platform in Southeast Asia, has raised $ 90 million in Series C funding to expand its business.According to TechCrunch, according to the company, Kredivo currently has more than 1 million users in the Indonesian market and is growing at a 300% growth rate.Users can get a credit line of US $ 100-2200 through this platform, and no fees will be charged for repayment on time, and overdue fees will be charged at an interest rate of 2.95%.Kredivo’s e-payments are currently connected to multiple home appliances providers, including Lazada and Shopee.Vingroup merges VinCommerce, its retail division, and VinEco, its agricultural product division, with Masan Group, the country’s fast-moving consumer group, to create Vietnam’s largest consumer platform.According to DealStreetAsia, the transaction will take place as a share swap. According to company registration documents, Vingroup holds a 64.3% stake in VinCommerce.According to Vingroup, the transaction helps the group consolidate resources and focus on its high-tech company’s automated manufacturing startup VinFast and consumer technology developer VinSmart.Latin American Brazilian real estate technology company Housi raises $ 11 million.According to Contxto, the investor is Redpoint.It is reported that Housi was independent from Brazilian real estate company Vitacon in January this year. As of October, the company has managed 75% of Vitacon’s properties.Report: The number of closed companies in Peru in the third quarter of 2019 increased by 50% year-on-year.According to 36 氪 quoted by China News Network, according to the South American Overseas Chinese Daily News website, recently, the Peruvian National Bureau of Statistics and Information (INEI) recently released the “Business Demographics Report” shows that in the third quarter of 2019, the number of closed companies in Peru was34,529 companies, an increase of 50.3% compared with 22,974 companies in the same period in 2018, and an increase of 10.8% compared with 31,165 companies in the second quarter of 2019.African Nigerian credit startup Migo completes $ 20 million in Series B financing to enter the Brazilian market.According to Disrupt Africa, this round of financing was led by Valor Capital Group, a venture capital firm focused on the Brazilian market. Existing investors Rise Fund and Velocity Capital also joined the round.It is reported that the company raised $ 13 million in last year’s Series A financing.Migo was founded in 2014 to provide a digital platform for credit services, enabling banks, telecommunications, and retailers in emerging markets to provide credit products to customers without the need for a smartphone.Other Ctrip Group reached strategic cooperation with Dentsu.According to 36 氪 quoted by Tencent Technology, on December 2nd, Ctrip’s CMO Sun Bo and Japan Dentsu’s director Yamagishi formally signed a strategic cooperation agreement in Tokyo.The two sides will use the industry’s resource development, travel product research and development and a series of marketing activities to further promote Japan’s tourist destinations to international tourists including China, so as to better attract and serve global visitors to Japan.Digital media company Collab Asia completes $ 7.5 million in Series B financing.According to DealStreetAsia, the round was led by South Korean investment company Gorilla Private Equity.Previously, the company had completed a $ 3 million Series A funding round in 2017.The company currently manages more than 1,800 YouTube channels worldwide and currently has offices in Seoul, Tokyo, Jakarta, Hong Kong, Manila and Singapore.The Singapore office will serve as its headquarters in Southeast Asia.Wen | Guo Shen @ 36 氪 出海; Yun 晞 @ 36 氪 出海 编 | 赵小 纯 @ 36 氪 出海 图 | Oriental IC.