E-commerce revenue in Vietnam is forecast to reach $2.1 billion this year and with annual growth of 6.5 per cent is expected to hit $4 billion in 2021, according to Statistic Portal. The website also pointed out that Vietnam ranked eighth in Asia-Pacific in shopping on mobile devices in the fourth quarter of 2016, with 29 per cent of purchases. Leading was South Korea, with 55 per cent, then China with 41 per cent. Internet users in both Vietnam and China account for 53 per cent of the population. Mobile devices dominate e-commerce in Asia-Pacific, according to Statistic Portal. Forty-six per cent of online sales are made on mobile devices, which is expected to reach 69 per cent by 2020. Nonetheless, only 19 per cent of enterprises in Vietnam have developed websites that are compatible with mobile platforms, the Vietnam E-commerce Indicator Report 2017 from the Vietnam E-commerce … [Read more...] about Room for mobile platform development
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Facebook Inc (FB.O) has signed deals with millennial-focused news and entertainment creators Vox Media, BuzzFeed, ATTN, Group Nine Media and others to make shows for its upcoming video service, which will feature long and short-form content with ad breaks, according to several sources familiar with the situation. Facebook is planning two tiers of video entertainment: scripted shows with episodes lasting 20 to 30 minutes, which it will own; and shorter scripted and unscripted shows with episodes lasting about 5 to 10 minutes, which Facebook will not own, according to the sources. All of the sources asked to remain anonymous because the deals are confidential. Facebook's move to acquire and license original content is the latest in its push to attract more advertising dollars, putting the company in head-to-head competition with Alphabet Inc's (GOOGL.O) YouTube Red, Snapchat's (SNAP.N) Discover feature, and traditional television networks. It is an attempt to deliver on Facebook Chief … [Read more...] about Exclusive: Facebook signs BuzzFeed, Vox, others for original video shows – sources
Industrial revolutions are momentous events. By most reckonings, there have been only three. The first was triggered in the 1700s by the commercial steam engine and the mechanical loom. The harnessing of electricity and mass production sparked the second, around the start of the 20th century. The computer set the third in motion after World War II. It may seem too soon to proclaim that the fourth industrial revolution, spurred by interconnected digital technology, is upon us, but Mr. Henning Kagermann, Head of the German National Academy of Science and Engineering, did exactly that in 2011, when he used the term Industry 4.0 to describe a proposed government-sponsored industrial initiative. After missing the first three, Vietnam is now hoping to tap into the fourth revolution, though this requires action and not just words. Boundless prospects It’s not by chance that Industry 4.0 is mentioned often in State documents and speeches by government officials. The topic even … [Read more...] about VN tries to harness the change brought about by Industry 4.0.
500 Startups will invest a total of US$10 million in Vietnam’s startup ecosystem, the U.S.-based startup incubator announced on Tuesday. The latest regional round of micro-funding will earmark 100-150 investments in Vietnam-connected startups, including in teams addressing local market needs and groups that are tackling the overseas market, according to the announcement. The checks will typically be up to $100,000, but may be as high as $250,000. 500 Startups is the $100 million Silicon Valley venture capital fund best known for its incubator program for young companies. In addition to financing, portfolio companies get access to 500 Startups’ international network of 3,000 mentors and founders, $1.5 million of credits with partners like Amazon and Facebook, and other support to help them scale their business. The fund said it believes there are many interesting near-term investment opportunities in business-to-business and enterprise software-as-a-service (SAAS), … [Read more...] about 500 Startups announces mn Vietnam fund
With the release of a new video app called Clips, Apple Inc is inching one step closer to fully engaging in the messaging world, where its huge base of iPhone users could help it compete with Snap Inc's Snapchat and Facebook Inc's Messenger. Clips, which will hit Apple's App Store in April, lets customers take videos and add animated captions and titles, complete with colorful emoji symbols. The app also makes it possible to stitch together multiple video clips and add speech bubbles and filters. The functions closely resemble those that drive Snap's wildly popular Stories feature. With Stories, Snap users string together photos and videos, embellish them and then post them to their feeds. Apple's new Clips lets users post their video to Instagram, Facebook, YouTube, Vimeo and more. But if users post them to Apple's own Messages app, Apple will recommend whom to share it with based on which friends are in the videos and whom the user frequently contacts - the kind of predictive social … [Read more...] about Apple drives further into Facebook, Snap territory with video app