Nguyen The Tan, CEO of VCCorp In the last three years, three Vietnam’s social networks started with funding commitments from investors. In June 2019, Hahalolo, a social network believed to be the first developed by Vietnamese, integrates social network, online tourism services and e-commerce. Like other big social networks, Hahalolo has functions allowing users to make friends, and chat online without limitations in space and time. Hahalolo users can interact through the features of posting, commenting, sharing and expressing emotions. Hahalolo also integrates online travel and e-commerce service models, which helps it be a bridge which links travel enthusiasts, and link with travel service providers, retailers with customers. In July, another social network, Gapo, made its debut. At a press conference to introduce Gapo, Gap Technology, the developer, received commitment from G-Capital to invest VND500 billion. The amount of money would be used in the first phase of … [Read more...] about How will Vietnam’s social networks compete?
Whether could entering the race of e-wallet make Lazada better? Lazada has announced entering the e-wallet market several days ago, which will be released at one of the e-commerce platform's biggest shopping campaigns next month. Lazada’s representative said that e-wallet would be a new experience in online shopping aided by technology, logistics, as well as collaboration with banks and card issuers to promote non-cash payment, improve security, and simplify the payment process. Lazada expects to raise the number of non-cash payment orders. However, its e-wallet is absolutely separate from the Alipay application which has already been deployed in Vietnam by Alibaba, Lazada's major shareholder. As a key market in the region, the scale of e-commerce in Vietnam is expected to reach $15 billion by 2025 and Lazada is building a comprehensive strategy with numerous touchpoints to bring new experiences to customers, a company representative said. However, last year, Lazada kept … [Read more...] about Lazada e-wallet call: out of the frying pan and into the fire