May 17, 2020

September issue of Gigabit now live - interview with Sprint CPO Mariano Legaz

Callum Rivett
2 min
September's issue of technology magazine Gigabit is now live - with interviews with Sprint's CPO Mariano Legaz and Philips' Director of Sustainability M...

September's issue of technology magazine Gigabit is now live - with interviews with Sprint's CPO Mariano Legaz and Philips' Director of Sustainability Markus Laubscher, there's more reason than ever to not miss this!

Sustainability in business can mean anything from efficient procurement to CSR, but for health tech giant Philips, it means all the above and is measured in lives.

We talk to Philips’ Director of Sustainability Markus Laubscher about how his company embraces big data and circular-economic principles.

These efforts are driving down frontline costs and are powering the company’s goal of improving the lives of three billion people a year.

US telco giant Sprint has enjoyed a remarkable turnaround under the guidance of Chief Procurement Officer Mariano Legaz, and is another example of transformation through a focus on sustainability.

Read about five initiatives that allowed the company to return to growth and dramatically shave costs while doing so.

And if there’s any organisation very publicly struggling with its transformation, it’s the UK’s rail network. Part of the answer could be mobile technology, argues GSMA’s Marie Austenaa – and the clues are in India.

Also in this month's magazine, join us on a tour of the top 10 challenger banks disrupting the oldest of industries, and enjoy deep success insights from a truly global range of tech-centric businesses.

Don’t forget to follow Gigabit on Facebook, Twitter and LinkedIn.

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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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