On August 6, Indonesian online shopping major "Bukalapak" was listed on the Indonesia Stock Exchange. The initial public offering raised 1.5 billion dollars (about 165.5 billion yen), making it the largest scale listing in Indonesia. Bukarapack has been attracting attention as one of the rapidly growing Southeast Asian tech companies in recent years, and with this listing, the market capitalization has reached 109 trillion Indonesian rupiahs (about 823 billion yen). The funds raised will be used to strengthen the online shopping business, which is the main business, and will support small and medium-sized enterprises in Indonesia through the dedicated app "Mitra Bukalapak" for partnering with small and medium-sized enterprises.
On August 5, it was reported that the Turkish local online store "Trendyol" raised 1.5 billion dollars (about 165.5 billion yen) from Softbank Group, a major Japanese telecommunications company, and others in the latest raising round. With the financing, Trendyol's corporate value has reached a valuation of 16.5 billion dollars (about 1.8 trillion yen), and it is said that it will be Turkey's first decacom company. In addition, the company has already raised 350 million dollars (about 37.9 billion yen) from China's major online shopping "Alibaba" in April 2021, and rapid growth in the Middle East market has been attracting attention in recent years.
On August 3, Z Holdings, a major Internet service company, announced its first quarter 2021 results. Revenue increased 36% from the same period of the previous year to 373.3 billion yen, a record high for the first quarter, and operating income increased 1% from the same period of the previous year to 51.3 billion yen. As a result of the commerce business, e-commerce transaction volume increased 16% from the same period of the previous year to 817.2 billion yen, of which the reuse business performed well and recorded a 13.1% increase to 228.3 billion yen. Growth factors are the increase in the average price which customers pay in the affiliated flea market app "Yahoo! Auctions!" and the steady expansion of "PayPay flea market." The particular focus of this announcement of financial results was that through collaboration with major delivery company Yamato Holdings, delivery quality was significantly improved, leading it to an overall increase in transaction volume. In addition, Z Holdings has begun to fully introduce the "LINE Official Account" operated by LINE, a major social media service company, as a B to C communication infrastructure, and it was announced that the immediate delivery service "PayPay Direct by ASKUL" is being tested in collaboration with mail-order companies ASKUL and Demae-can, a delivery service center.
On August 1, US payment major Square announced the acquisition of Australian postpaid payment Afterpay. Afterpay is a pioneer in the field of BNPL (buy now, pay later) payments worldwide, and currently has more than 16 million users and has been introduced by more than 100,000 distributors. The use of postpaid payments is growing worldwide. Particularly it is being used by young people such as those who do not have a credit card, or those of the Gen Z. It is a postpaid payment originally offered online. Due to its high convenience, the number of consumers who want to use it in physical stores is increasing in recent years. Square will enable the use of postpaid payment services even in physical stores by promoting integration with its own app.
On July 30, the Ministry of Economy, Trade and Industry released a report on the domestic EC mail order market in 2020. The size of the B to C-EC market in Japan was 19.3 trillion yen (19.4 trillion yen in the previous year, down 0.43% from the previous year), the first flat since the start of statistics. Although the use of product sales and digital services expanded due to the consumption of nests at home under the influence of the COVID-19, the use of services including travel decreased significantly due to activity restrictions, which were offset. In product sales, overall growth was seen in each category under the influence of the COVID-19. Particularly, the growth rate of household appliances, books, video software, household goods, furniture, etc., and food-related products was high, recording 20% or more. Additionally, attention topics in the EC market are taken up every year. This year, D2C, the establishment of subscription services, and changes in the position and role of physical stores under the spread of COVID-19 infections can be mentioned.