Tuesday, July 31, 2012

Now offload price bargaining to DiscountPandit’s AskthePundit feature

DiscountPandit has launched a new feature, AskthePandit that curates pricing information and bargains on behalf of the customer. Simply put, AskthePandit processes user queries for best prices and then negotiate with vendors/ search for the best combinations of vendors and coupons.ask-the-pandit

As far as pricing is concerned, the company charges Rs. 11 for lowest price information on mobiles, Rs. 21 for lowest price information on home appliance/TVs and Rs. 31 for hotel reservation/air ticket information. Important to note that the standard price comparison service is free, but if you want to offload bargaining and ‘deeper’ price hunting – give the service a try.

As far as DiscountPandit is concerned, the founder Alan DSouza shares that the site traffic has quadrupled over the last 2 months  and the site now serves about 200,000 unique visitors a month.

Aside, do you think that a curation service needs to offer a minimum assurance for consumers to even try out/trust the service?


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China Groupon and FTuan Merge to Form New Company, GroupNet

Following the announcement of a business merger between China deals sites, Gaopeng, Groupon’s service in China, and FTuan, the new holding company will be rebranded with a new logo (pictured right) and name. GroupNet will essentially merge the two platforms and be run by top management from both FTuan and Gaopeng.

Tencent will also take up 30 percent of the new company’s shares, with FTuan’s CEO, Lin Ning, overseeing the new company’s operations. Both Gaopeng and FTuan websites and branding will remain as they are.

The post China Groupon and FTuan Merge to Form New Company, GroupNet appeared first on Tech in Asia.



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NCsoft’s ‘Lineage’ to be Distributed by GREE in Japan

Japanese social game maker GREE (TYO:3632) is announcing today a business partnership with Korea’s NCsoft (KRX:036570) to distribute its popular ‘Lineage’ title in Japan for mobile devices, with the intentions of reaching new fans as well as longtime fans of the game. Lets see if this leads to more cooperation between the two companies in the future.

GREE has a subsidiary in Korea (GREE Korea Inc.) and has already made numerous partnerships there.

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Assam-based Serial Innovator Uddhab Bharali Nominated for NASA Award

In a recent debate at Fortune Brainstorm Tech at Aspen, Colorado, between Eric Schmidt, chairman of Google, and Peter Thiel, technology investor and entrepreneur, the latter had said:

Technology is critical.  It is the only way that things get better in the developed world.  And I think we should distinguish the developed and emerging markets very sharply.  In places like China, India, Africa, Latin America, there’s zero need for innovation.  All they need to do is copy things that work.

Even as Thiel was arguing against the need for innovation in India, Assam-born Uddhab Bharali was being shortlisted for NASA Technology Award 2012 for his desktop pomegranate de-seeding machine. He has also been nominated for the World Technology Award 2012 given by World Technology Network, for a mini CTC tea plant that aims to help smalltime tea pluckers and farmers.Uddhab Bharali, 45 lives in Lakhimpur District, Assam, and is a mechanical engineer, and has a whopping 39 patents, and 98 innovations to his name, in 24 years. His first innovation was a polythene-making machine in 1988.The pomegranate deseeding machine, invented in 2006 by Bharali, is one of the 26 qualifiers for the NASA award, out of which 10 finalists would be chosen by an online voting.

The deseeder, already being exported to the US and Turkey, separates the outer cover and thin inner membrane without damaging the seeds. It has a capacity of deseeding 50-55 kg of pomegranate fruits per hour.Nominee for the World Technology Award, the mini tea plant was built in a low budget of 6 lakhs, and follows all established procedures of a full-scale tea plant. This tea plant can produce up to 100 kg of tea every day with a power requirement of 2KW and a space of 14 feet by 20 feet.

A Denmark based agency working for rural employment has assured BHarali of logistical support to develop the plant.Among his numerous innovations are an areca nut peeler which has found customers in Indonesia and Ethiopia, cassava peeler which has been bought in Kenya, garlic-peeling machine, tobacco-leaf cutter, paddy thresher, cane-stripping machine, brass utensil polishing machine, safed musli-peeling machine, jatropha de-seeder, mechanised weeding machine, passion fruit juice extractor, trench digger and a chopper for cattle and fisheries feed. He also designed a stevia pulveriser, multipurpose herbal dyer which retains the colours of objects put in them like tea, king chilli powder, turmeric or ginger and passion fruit gel extractor.

Uddhab Bharali and his Pomegranate Deseeder

Uddhab Bharali and his Pomegranate Deseeder

The serial innovator has been developing machinery that benefits the poorer sections of the society. Though it seems like from his most popular innovations, It’s not only about agriculture based machinery but anything that makes life easier for those in need.Uddhab himself comes from very difficult circumstances.

He used to skip meals and sleep on an empty stomach at times or borrow food to eat. When he was recognized for his first innovation he couldn’t even afford a hotel and had to sleep on a railway platform. Other than these recent international nominations, Bharali is also the winner of various national prestigious awards including the ‘President’s award for innovation in 2009’ , ‘Shristi Samman – master innovator award’ by NIF-India on 2007 and is also the recipient of the ‘Meritorious Invention award 2010’,  from the Department of Science and Technology, Government of India. National Innovation Foundation has been helping him out innovate, facilitating licensing, and providing other technical support.Not only innovating and designing, Uddhab Bharali also manufactures some of the machines, usually built at UKB Agrotech machine designing research center.

Depending on the specific, some of the machine parts may be outsourced, but only to people in his home district. These parts are then sent to UKB Agrotech where the parts are assembled to build the final product. UKB Agrotech has trained staff under Bharali himself who work exclusively for UKB Agrotech. Currently there are nine people on the team.Bharali is associated with the IIT RUTAG (Rural Technological Action Group) , Guwahati and has developed two machines, a cocoon opener and a cotton lap cutting device for use by common people. A third machine, a manual areca nut bisector is under the works. Other than this, Uddhab is associated with various government and non-governmental organizations. He is a resource scholar to many schools and colleges and takes entrepreneurial classes at the Indian Institute of Entrepreneurship, Guwahati.

With innovators like Uddhab Bharali, who have not only been innovating new products, but also providing employment to people, and easing their lives, who says India doesn’t have innovations and doesn’t need them? What do you say? Isn’t Peter Thiel wrong here?



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Chinese Retailer Finds Triple-Digit Growth Only Happens Online

This is why retailers need a strong presence in e-commerce. Chinese electronics retailer Suning (SHE:002024) has posted unaudited results for 2012 H1 that show its online operations, at Suning.com, saw a 130 percent rise in sales year-on-year, climbing to 5.9 billion RMB ($934.61 million). In stark contrast, its approximate 1,300 bricks-and-mortar stores across China grew their revenues by only 6.69 percent [1] over the same period.

Indeed, the company as a whole saw net profits decline 29.49 percent, just as it had warned, but still hit 1.745 billion RMB ($276.42 million).

The strong push into e-commerce seems to be paying off in terms of market share in the China B2C e-tailing sector too. Our most recent stats for the same period, 2012 Q2, show that Suning.com grew its market share to 3.4 percent (up from 2.4 percent at the end of 2011) to be China’s fourth-largest e-commerce site [2] – and the largest offline retailer in the e-commerce space.

Suning.com’s VP, Li Bin, said that the e-commerce division will keep its ambitious 20 billion RMB sales target for the whole year 2012. Furthermore, this August will see a promotional campaign for the website in which it’ll invest 1 billion RMB in marketing. Mr. Li added that he expects a stable quarterly growth rate of at least 70 percent in Q3 and Q4.

In terms of selling electronics online, it has stiff competition from all three of the other sites that are ahead of it in market share in China: Tmall, 360Buy, and QQ Buy. All have extensive consumer electronics offerings and are often very aggressive on promotional pricing.

[Sources: Suning IR, and Marbridge Consulting]


  1. These figures are actually for the company as a whole at 2012 H1, and therefore include the e-commerce division. Total sales revenue was 47.191 billion RMB.  ↩

  2. Admitedly, the even stronger rise of Tencent’s QQ Buy pushed Suning down from third to fourth.  ↩

The post Chinese Retailer Finds Triple-Digit Growth Only Happens Online appeared first on Tech in Asia.


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News Roundup: OnMobile Q1 profit down 34%, NDTV sues Nielsen and is seeking Bn $s

OnMobile has posted lower profits of Rs 9.5 crore for the first quarter of FY13. This is a 34% drop compared with the first quarter of FY12 when the company posted a net profit of Rs 12.78 crore (net profit has gone up 98 per cent sequentially compared with the previous quarter).

The company has mandated Mumbai-based investment bank Avendus Capital Pvt. Ltd to assess its valuation, which experts say could be a precursor to finding a buyer.

On the other hand, at least two shareholders, who together hold a stake of more than 10%, have appointed another Mumbai-based domestic investment bank to sell their stake, according to an executive with the bank [via: Hindu/Mint].

NDTV sues Nielsen over ratings data

Broadcaster New Delhi Television Ltd is seeking more than a billion dollars in damages from The Nielsen Co. and its affiliates, claiming the global research firm fudged viewership data.

NDTV is seeking “compensatory and punitive damages” from the Nielsen group, Kantar group, TAM Media Research Pvt. Ltd and a host of Nielsen directors including its global chief executive David Calhoun for causing financial loss and loss of reputation and brand value by releasing incorrect viewership data [source]

DoT can terminate 3G permits of Bharti, Idea, Vodafone

The law ministry has said the telecom department can initiate action, including terminating mobile permits of Bharti, Vodafone and Idea, for allegedly violating licence conditions and entering into bilateral roaming agreements in areas where they did not have 3G permits. The DoT has also decided to seek clarity from the Additional Solicitor General regarding his opinion that financial penalties of 50 crore per circle cannot be imposed on telcos for the alleged violation.[source]



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