Tuesday, November 30, 2010

Groupon expands to Asia, acquires Singapore and Hong Kong startup

Groupon today announced its expansion plans to Asia, acquiring daily deal sites in Singapore, Hong Kong, Philippines and Taiwan.

In a statement released to selected media organizations, Rob Solomon, COO of Groupon said, “We see enormous potential in the Asian marketplace, and the expansion of Groupon to Hong Kong, Singapore, the Philippines and Taiwan is an important next step. We’re excited to leverage an incredibly Internet-savvy customer base to generate increased sales for local merchants.”

Groupon has acquired deal sites Beeconomic in Singapore and uBuyibuy in Hong Kong, while in Taiwan, it acquired Atlastpost, a location-based social networking site that has about 1.2 million users. Terms of the deal weren’t disclosed.

With Groupon entering the SouthEast Asian market, it remains to be seen if Rebate Networks and other deal sites will be snapped up. Launched in 2008, Groupon now serves more than 250 markets and was recently rumored to be acquired by Google for US$2.5 billion to US$5 billion.


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HungryGoWhere lets you stuff yourself silly on a budget with HungryDeals

HungryGoWhere, the Singapore-centric food portal, today launched HungryDeals, a discount site for culinary indulgence. HungryDeals will feature new discounts from restaurants and bars in Singapore on a daily basis which will be activated if the deals are purchased by minimum number of customers.

HungryDeals is one more addition to the burgeoning list of Groupon-esque sites in Singapore. HungryDeals however has an advantage due to access to the huge user base in its main site, HungryGoWhere. In an interview with SGEntrepreneurs, HungryGoWhere co-founder, Dennis Goh mentions that, “While group buying sites are great by themselves, there is a need to link them up to an ecosystem.”

Founded in 2006 by  Dennis Goh, Wong Hoong An and Yung Yih, HungryGoWhere is a one stop food and beverages portal focused on Singapore, Kuala Lampur and Hong Kong market. It features restaurant reviews from users, provides food delivery services from restaurants and a search engine to find nearby restaurants or bars. Last year, HungryGoWhere announced a partnership with Microsoft to have its reviews featured on MSN Singapore. It recently expanded its hungry network to incude HungryDelivery and Hungry BBQ.


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Baidu Launched Open Platform for Mobile

Baidu’s open platform for mobile was launched early today. Currently the service it offers is not really interesting, but easy and useful. Basically, Baidu offers a gateway service with which your site can be automatically converted into a wap site. For example, if you are using mobile device to access our blog, you can just try http://gate.baidu.com/tc?from=opentc&src=mobniode.com and you can see the layout and some content will be adjusted to fit for your device. And you can also use a configuration file uploaded to your site to let Baidu understand where your wap site is linked to.

According to CNNIC’s report (June, 2010), by end of June, 2010, the number of Chinese mobile internet users has reached 277millions (65.9% of total internet users), among them there are 49.14million people use mobile phone ONLY to surf Internet. In an open letter, Baidu said its open platform for mobile is to help millions of traditional www sites to have their own wap sites with efficient and easy solution and low operating cost.

It’s a good news for many mobile internet users as they may access many more sites on the small phone screen. I am wondering how companies which are offering the similar wap-site auto-converting services are going to respond. Even for UCWeb the leading mobile browser, many users love it because it does a good job (adjust site layout, remove redundant content etc to meet the requirements on diverse handsets). If Baidu can offer this service for truly free, developing a simple version of UCWeb browser sounds not difficult anymore.

So what’s next for Baidu’s open platform for mobile, Baidu says its Frame Computing for Mobile, Open LBS service etc will be coming soon. That’s what we are more excited about!


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Admomo, the CIA of online advertising intelligence

Do you want to know how much McDonald was spending online for brand advertising and for what campaigns last year ??

Admomo, a Hong Kong based online advertising intelligence startup, offers the answer to questions like that. (Admomo.com) A few clicks on its self- developed tool and a complete report with all the details are ready in a few seconds. It shows which sites McDonald were using to show its ad, for how long, and for which product.

The cost details are also shown. Admomo CEO, Winston Law, said, discrepancy is roughly 20-30%. A friend who has tested the system using a company he knows of, said the error in cost estimation is down to 5%.

With such a report, you can easily second guess what McDonald’s online marketing strategies are. Who are they targeting, with what products, and using what promotion gimmick. This is a very powerful tool. Just imagine what will its competitor (such as KFC) can do with the information.

And it is not just for McDonald, Admomo can track every brands which has advertised in over 300 sites in Hong Kong and 700 sites in China. And, CEO, Winston Law, is thinking of expanding the service to cover leading sites in the whole world.

I wonder if the online retailers in China have known about Admomo yet.
But with such a deadly tool, all the marketing guys at Vancl, 350buy, Redbabay, Dangdang, Joyo, etc., should better beware, because how they position themselves online can be known by their competitors easily.


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Chinese Online Retailers Ready to Take off – StarWatch Report Nov Edition Released

[This article is extracted from our StarWatch report (November Edition). To read the full article, please download the report English version and Chinese version for free. The English edition of this report will also cover other hot topics such as mobile internet industry in China, and startup profile including Sky-Mobi, D.cn etc.]

On October 26, the first Chinese online retailer, Mecox Lane, was listed in the U.S. Its share gained as much as 68% in its Nasdaq debut, as investors grabbed a piece of the online clothing and accessories shop.

Online retailing is red-hot in China. Total transaction volume of Chinese online retailers more than doubled to RMB 252.77 billion (US$38 billion) last year, according to Beijing-based market research firm Analysys International. The trend continued in the first half of this year, when total transactions surged 103% to RMB 213.31 billion from the same period in 2009. Nevertheless, the country’s online retail market is still at an early stage and has lots of potential. Where about 4% of consumer goods in the United States were sold online as of the end of last year, only 1.98% were sold via the Internet in China, a figure that could more than double to 5% by 2014, estimates Shanghai-based iResearch. The overall business-to-consumer (B2C) market will be worth RMB 1.27 trillion in 2013, or up over 380% from the 2009 level, the research says. After Mecox Lane, Dangdang, the largest online bookshop in China, will be the next to go – probably list in Nasdaq this month. IPO of Vancl, another leading online clothing and accessories shop, and 360Buy, the largest online electronic store, are also in the pipeline. They are expected to be listed next year in the U.S.

Founded in 1999 by ex-investment banker Peggy Yu and her husband, Li Guoqing, vies to be the leading online bookstore in China with Joyo, Amazon’s subsidiary in the country. After selling book for over 10 years, Dangdang has about 10% of China’s overall book market (excluding academic books). But growth in its core business is slowing down. Last year, its revenue from selling book grew only 60%, while other online retailers grew over 100%, on average. To boost sales, Dangdang introduced a new business line in 2008, which sells a wide range of products from electronics to linens, slippers, home decor and milk powder. The new line grew about 230% last year, although it is still only a small portion of Dangdang’s overall business.

Vancl was founded by Chen Nian in 2007. It started from selling men’s shirts under its own brand, and then expanded to women’s and children’s clothing, shoes and other accessories. Recently, apart from products of its own brand, it also sells other manufacturers’ merchandise. Chen Nian was also a founding member of Joyo. He has a deep understanding of how e-commerce works in China. Selling clothes can be more profitable than selling books as the margin is much higher. On average, books has only 5-10% gross margin, while gross margin for clothes can be 20-50%. Vancl, however, has not yet broke even as it is still expanding its scale and infrastructure. Its market share in overall B2C sector is 5.3%, while Dangdang has 8.9%, iResearch estimates.

>>>Continue your reading, please download the report English version and Chinese version for free.


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More Employees, More Games: CyberAgent To Expand US Presence

Japanese Internet behemoth CyberAgent (listed with a $1.2 billion market cap) is ready to expand its activities in the US. The company today announced it will establish a development base in San Francisco this Wednesday (December 1) with the goal of creating smartphone apps for international markets.

CyberAgent has been active in the US since February 2008 when the company established its subsidiary CyberAgent America. The plan is to boost the number of employees from the current 30 to 100 by September 2012, mainly by hiring American and Japanese engineers.

CyberAgent wants to start rolling out the first smartphone apps in March next year and expects to have a total of eight titles in its portfolio by September 2011.

CyberAgent is one of the few Japanese web companies that successfully launched services outside the country. Their biggest international hit is Ameba Pico, a virtual world that’s reportedly on track to hit the 3 million user mark by year-end. A similar platform, TinierMe, currently counts about 1.4 million members worldwide.

In September this year, CyberAgent America announced a marketing and distribution deal with Silicon Valley-based Mochi Media.


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Indian Hackers Did What Politicians Failed to DO [Response to 26/11 Terrorist Attack]

The Indian government has failed to live up to the citizen’s expectation in dealing with 26/11 terrorist attack issue. While government spends crores in keeping the Pakistani gunman Ajmal Kasab safe and sound (he now claims that he was not at all involved in 26/11 attack controversy), a few Indian hackers carried a mass defacement operation against many public and official websites belonging to Pakistan on 26/11/2010.

Tagged as Indian Cyber Army (ICA) (powered by indishell.in), these hackers have added a web page + patriotic music to more than 50 official Pakistani websites in order to pay their homage to the martyr of the terrorist incident [via].

indian_hackers

Indian Hackers

While some of the hacked sites have been restored, you can still see the hack in action on few sites (CONTROLLER GENERAL OF ACCOUNTS OF MINISTRY OF PAKISTAN, NATIONAL ASSEMBLY OF GOVERNMENT OF PAKISTAN).

What’s your take on this issue? Do you think Indian government should work closely with these hackers (the way Chinese do), in order to safeguard government’s official websites (if not for attacking others)?

What’s your take on the cyberwar between India and Pakistan?

Recommended Read : Cyber war between Indian and Pakistani Hackers


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MySmartPrice Introduces Mobile Price comparison – Why Pay More?

Vertical comparison engine and aggregation is a hot favorite amongst startups. This is amongst the few things where you make transaction based revenue without actually selling anything yourself. You will do wonders as long as you can offer a good technology and intuitive UI. Truly a techie’s dream.

MySmartPrice, that launched as a book price comparison engine few months back, has launched its price comparison engine for mobile phones. MySmartPrice fetches data from 5 major stores like infibeam, IndiaPlaza, FlipKart etc. Data is refreshed everyday and the team claims to cover 90% of the products available at these online stores. From the last time, the team has worked on the speed front and also the UI.

The engine has to initially bank a lot upon Google for generating traffic and efforts for that are clearly visible.

While MSP lets you choose a store when the product is decided, another vertical engine, PhoneCurry is a great tool to decide which phone to buy. Do you think a marriage is needed? Or are these 2 different decision points.

Do give MySmartPrice a try and let us know who sells it cheaper?


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BubbleIdeas aims to be the ‘online customer care’ for enterprise

In this age of social media where brands are flocking to Twitter and Facebook to engage with the customers and make their presence felt, is there really a need for an enterprise tool for online customer care?

BubbleIdeas, a Singapore-based startup, believes so. It’s a web-based enterprise communication terminal, or an “online customer care” as they call it, where consumers can provide direct feedback and receive customer support from companies.

One of the 50 startups at echelon 2010, BubbleIdeas was started by former PluggdIn writer Arvind Nigam as CEO, and Praveen Kumar Sinha, who was one of the early employees at SlideShare, as CTO.

In our interview with Nigam, he shared about product features, how BubbleIdeas will help companies to reduce its cost, and more importantly how BubbleIdeas compares itself to social media sites.

Q: What’s the main pain point you are addressing for your customers?

We simplify communication between customers & organizations.

Communication between customers & organizations has largely been in form of emails till date. One-to-one. Organizations would undertake cold calling, carry out expensive surveys and also deploy significant investment to receive phone calls at a call center to handle volumes. Traditionally this engagement with the masses has been expensive, inefficient and the processes always worked in hindsight.

We provide a clean & lean platform for communication between masses and the organizations.

On BubbleIdeas we manage different forms of messages that come into a company and segregate them into specific verticals. These messages are converted into prioritized insights such as powerful ideas, disagreeable ideas, heated debates, inconclusive mentions etc. etc. where people who are potential customers can share their 2 cents with the company and other customers. The social & intelligent way.

Q: A lot of enterprise companies are wary about using Social Media due to the fear of negative feedback, how do you plan to counter that for BubbleIdeas?

We assist at three levels over here:

1. We provide several forms of controls to the company with which it can keep the hygiene on, without compromising on relationship with customer. The application is designed to handle profanity automatically and also lets companies and customers exchange their messages privately.

Now here is the bet. If you look at the web today, you’ll find that it is full of negative rants against some companies and that too on web properties which are totally out of control of the company itself. By deploying BubbleIdeas, the enterprise clients can ensure that their customers talk to them directly rather than go on to other websites which are out of their control. This helps them prevent an irrepairable damage.

2. We search & index the social web to collect data around a company or brand which brings out the sentiment around the web. This helps the companies in understanding the core issues and guides them into taking decisions in favor of themselves.

3. We also recommend social media consultants & web experts, especially to large enterprise/Government, who consult the companies to leverage the best of BubbleIdeas and the social web by helping them tide over negativity or PR issues which might crop up during the course of the deployment. These experts guide them on managing the web equation smoothly.

Q: Why did you choose to go for an enterprise-centric approach rather than consumer-centric approach like UserVoice?

Well honestly BubbleIdeas is a much larger software solution and its real use-case is enterprise or Governments only. Our solution is meant for situations like when you have a million customers but cannot listen to what the masses are trying to say. You utilize BubbleIdeas to figure out the sentiment of the crowd by enabling them with social tools & semantics to bring out the voice of the people.

That said, it is not out of place to mention that BubbleIdeas is not a purely enterprise solution. Our front-end UI/UX is completely consumer-web oriented while the back-end is more serious and business like. We sit in between consumer-web & enterprise-web.

Q: Does BubbleIdeas have any integration with Twitter or Facebook – a place where a lot of online chatter happens?

Yes. We do integrate in terms of sharing with friends & tweeting. But then if you have something to write to a company, you don’t go to Facebook  do you? You’ll still go to the corporate website of the company and try to find “contact us” page.

BubbleIdeas will be releasing the beta version of the product on Dec 1.


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