May 17, 2020

Chief Digital Officer David Plumb leaves O2 and Telefónica UK

Chief Digital Officer
CDO
CIO
Marketing
Callum Rivett
2 min
Two senior executives have left telecommunications giant O2 as part of an ongoing reshuffle at the Telefónica-owned firm.

David Plumb has stepped down...

Two senior executives have left telecommunications giant O2 as part of an ongoing reshuffle at the Telefónica-owned firm.

David Plumb has stepped down after serving as Chief Digital Officer since 2013, having worked for Telefónica O2 since 2005, when he was appointed as Head of Indirect Partners & Business Mobilisation.

Plumb then assumed the position of Head of SME Sales in 2008 - a post he held for nearly three years - before becoming General Manager of Enterprise business.

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Also leaving the company is sales director Ben Dowd, who spent 12 years working in various roles across the business.

"We would like to place on record our sincere thanks for their hard work over the years with us," read a statement from O2.

In the interim, Oli Potter will assume the position of Chief Digital Officer, moving from his current role as Director of Wholesale.

Potter has worked for Telefónica since 2006, before joining its O2 arm in 2008 as Head of B2B Strategy & Planning. 

Helping to lead and grow O2's wholesale business, Potter has accrued experience worked with IoT, mobile virtual network operations and promoting the Smart Meter Programme, delivering communications to over 20mn UK homes.

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Jul 21, 2021

Bukalapak raises $1.5bn in record Singapore IPO, say sources

Bukalapak
Ecommerce
Indonesia
singapore
2 min
Bukalapak
Reuters is reporting that the Indonesian ecommerce giant Bukalapak has raised $1.5 billion in its IPO, making it Singapore’s largest issue

Bukalapak, currently the fourth largest Indonesian ecommerce company, is said to have raised $1.5 billion in the first IPO by an Indonesian tech unicorn.

Three unidentified, but likely reliable, sources told Reuters the order books for Bukalapak’s IPO were covered by multiples, with one source claiming the issue attracted more than $6 billion in demand despite being listed at the top of its indicated price range.

Bukalapak's 50x growth

Bukalapak was looking to raise just $300 million just a few months ago. The figure grew to $800 million before rising to $1.5 billion as investors jockeyed for a piece of the company.

Covid-19 has had a positive impact on many ecommerce operators, and Bukalapak also has strong investment lines via Singapore sovereign investor GIC and Microsoft, among others. The company focuses on micro, small and medium-sized enterprises.

Indonesia is Southeast Asia’s biggest economy.

Indonesia’s four biggest ecommerce companies

Tokopedia
Tokopedia is an Indonesian technology company specializing in e-commerce. It was founded in 2009 by William Tanuwijaya and Leontinus Alpha Edison.

Shopee
Shopee was first launched in Singapore in 2015, and later expanded its reach to Malaysia, Thailand, Taiwan, Indonesia, Vietnam, the Philippines, Brazil, Mexico, Chile, and Colombia.

Lazada
Lazada is a Singaporean multinational technology company which focuses mainly on e-commerce. Founded by Maximilian Bittner with the backing of Rocket Internet in 2012, it is currently owned by the Alibaba Group after its acquisition in 2016.

Bukalapak
Bukalapak is an Indonesian e-commerce company. It was founded in 2010 as an online marketplace to enable small and medium enterprises go online and has expanded to support smaller traditional family owned businesses.

Source: Wikipedia

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