According to Tech In Asia, even if Shopee reports profit, its gross margin will be tiny compared to Garena's. In other words, Shopee is burning money earned by Garena. Specifically, the e-commerce platform splurged $765 million out on sales and marketing to get $942 million in revenue and lose $1 billion last year. Garena's sales and marketing expenses were $109 million but the turnover and the pre-tax profits were $1.8 billion and $1 billion, respectively. … [Read more...] about Should SEA Group stop pouring capital in Shopee?
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It’s perhaps a difficult task to assist consumers to understand the value of better sleep. There is an education process to selling sleep but we can say we have achieved success and great consumer feedback on the LMG experience. Consumers appreciate the chance to understand the products they are investing in. Remember we spend ⅓ of our life in bed, sleep products -mattresses, pillows and sleep accessories - are an investment not just monetarily but also in maintaining our health and wellness. LMG offers a wide range of product options and price ranges to meet our customer’s preference. LMG is the first to offer a VND1.0 billion mattress set in Viet Nam. … [Read more...] about US mattress company eyes Viet Nam’s enormous potential
Jakarta (VNA) – The project to move the Indonesian capital from Jakarta to North Penajam Paser in East Kalimantan might be delayed by COVID-19 as the government shifted some of its budget to pandemic relief efforts, according a government official.COVID-19.capital development is expected to come from private investors, the government has also allocated around 6.3 billion USD from the state budget for the project over the next five years. … [Read more...] about COVID-19 affects relocation of Indonesian capital
Vietnam’s government has reacted to the pandemic early and fiercely. Schools were closed, events were cancelled, the population was reminded to be careful, and now, borders were closed and entry to the country has been restricted. Nevertheless, nowhere in Vietnam was any sign of a similar panic to what can be seen now in the increasingly hectic European Union. After the danger had initially seemed to be ignored in the West, headlessness is now apparent. Moreover, thanks to the starving European Central Bank’s (ECB) policy of recent years, essential monetary policy instruments are now missing in the EU. This is different in Vietnam, as we shall see. … [Read more...] about Coping with the outbreak in the Vietnamese way – a role model?
DHL – The logistics company for the worldDHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With about 380,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as "The logistics company for the world". … [Read more...] about DHL Express ranked as Best Workplace in Asia by Great Place to Work® for second year