The Imimi Daily | NetEase Games to expand overseas and add a new game studio in Japan

·Large Company·

Cainiao Logistics Technology Goes to Sea: Built the largest automated warehousing system in Southeast Asia for the Thai express delivery company Lightning

On the 25th, Cainiao built the largest automated warehousing system in Southeast Asia for the local express delivery company Lightning in Thailand. Lightning is one of the largest local delivery companies in Thailand, with more than 2,000 outlets, more than 2 million daily delivery orders, and its main business covers most of Southeast Asia. In the automated warehousing system built by Cainiao, the warehouse capacity can be adjusted according to the actual single volume, which can maintain an average daily output of 6,000 orders and increase the daily order processing capacity to 20,000 orders. (36Kr)

The organizational structure of Xiaohongshu will be adjusted, and the community department and the e-commerce department will be merged

News on the 25th, with the increasing popularity of the concept of community group buying, Xiaohongshu recently announced the adjustment of the organizational structure, merging the original community department and the e-commerce department into one and integrating it into a new community department. In addition, it is reported that Conan, COO of Little Red Book, may personally take the lead in the e-commerce business. (Tech Planet)

Twitter expands its technology center in Singapore, and the number of employees may expand to more than 100 people

On the 25th, Twitter said in its official account that the company's Asia-Pacific headquarters will open new positions in Singapore in the direction of computer engineering, data science, machine learning and product management. Committed to the establishment of technical engineering centers in other regions outside the United States. (Interface)

Wedbush: Shopify terminated its contract with the e-commerce warehouse and lowered its price target to $1296

On the 25th, the US private investment institution Wedbush lowered the price target of Shopify to $1296. The company's analysts pointed out that after Shopify terminated its contracts with multiple e-commerce warehouse companies, the packaging and order delivery capabilities provided by the company for merchants in the short term may be affected. (Zhitong Finance)

Facebook has developed the world's fastest AI supercomputer, co-built with NVIDIA

On the 25th, Facebook's parent company Meta said that the company's new AI super research system (Research SuperCluster) will provide the company with a better AI learning model. The new model will help AI learn from trillions of instances, work across hundreds of languages, and integrate text, images, and videos to ensure that the content they disseminate is harmful to users. Meta said that by mid-2022, the model is expected to become the world's fastest super AI computer. It is reported that the computer was jointly built by Nvidia, Pure Storage and Penguin Computing. (Phoenix.com)

NetEase Games expanded overseas and set up a new game studio in Japan

News on the 25th, NetEase set up a new game studio in Japan, Nagoshi Studio, to continue the process of overseas expansion. The company said the new studio "will focus on developing console games suitable for global release." It is reported that NetEase aims to increase overseas game revenue to 50% of the overall revenue in the future, and currently 10%. （CNBC）

·Southeast Asia·

Singapore-based mental health startup Intellect completed a $10 million Series A funding round, led by HOF Capital

On the 25th, Singaporean mental health startup Intelect completed a $10 million Series A financing, led by HOF Capital. It is reported that it is the largest Series A financing for the mental health track in Asia in recent years. The company was founded in 2019 to provide users with an online mental health solution. It currently has more than 3 million users in 20 countries and supports 15 language versions. （Tech in Asia）

Singapore-based HR SaaS startup Darwinbox completes $72 million Series D funding round

On the 25th, Darwinbox, a Singaporean human resources SaaS startup, completed a $72 million Series D financing, led by Technology Crossover Ventures. After the completion of this round of financing, the company's valuation exceeded $1 billion. Founded in 2015, the company aims to help companies centrally manage their HR-related businesses, completing a range of resource integrations from recruitment processes to payroll, including employee management and benefits. It is reported that the new funds will be used to promote the company's business expansion in Asia. （Tech in Asia）

·India·

SoftBank-backed Ola Electric received $200 million in funding, valued at $5 billion

On the 24th, Ola Electric, an electric vehicle subsidiary of Indian ride-hailing service company Ola, received more than $200 million in funding, raising its valuation to $5 billion. Investors including Tekne Private Ventures, Alpine Opportunity Fund and Edelweiss Group participated in the round. In addition to cars, Ola Electric said it is looking to sell more two-wheelers such as bicycles. Prior to this latest investment, Ola plans to increase production and deliver as planned. Ola Electric said the factory will cover 500 acres in Tamil Nadu and will employ more than 10,000 women. Its goal is to become the world's largest women-only factory, and the world's only all-female automobile manufacturing plant. （Tech in Asia）

Indian cryptocurrency investment platform Flint raised $5.1 million in funding, led by Sequoia India

On the 25th, Indian cryptocurrency investment platform Flint received $5.1 million in financing, led by Sequoia India and Global Founders, and invested by Coinbase Ventures, Better Capital, Antler India and MSA Capital. Founded in 2021, the company is a crypto investment app. The new funds will be used to enhance daily activity, enhance products and add senior positions. （Economic Times）