Tencent is reporting (外媒：滴滴在压力中重组 运营重点转向安全和用户体验) that Didi Chuxing is working on providing credit to drivers in Brazil. Didi plans to provide this through its relationship with local start-up Hub Fintech, which it inherited from 99 in last year’s acquisition.
Hub Fintech is part of Hub Prepaid, a low profile provider of pre-paid credit cards to partners as diverse as Caixa Econômica Federal, Wal-Mart, and Luiza Magazine. It is backed by Carlos Wizard Martins’ Grupo Sforza holding company. Hub partnered with 99 to allow drivers to avoid having to carry around large amounts of cash and thus become targets of theft. The article quotes an unnamed Didi staffer: “We believe that ‘cashless’ is the solution and the future for Latin America, and we hope to be part of it.”
Just last week we flagged the e-commerce executive course Alibaba is offering to Brazilian entrepreneurs for the first time. But the real opportunity for growth in the tech space is not by trying to compete against incumbent global (or soon-to-be global) players, but by complementing them through providing services and given them a platform to grow in Latin America.
According to two Didi staffers quoted in the Tencent article, in 2019 Didi is planning to expand their business in the region to Chile, Colombia, Peru, and Argentina. It looks like Hub Fintech is going to catch a ride with Didi.
Argentina destaca inversión en hidroeléctrica con China Gezhouba Group Company (CGGC)— Energía Limpia Para Todos
Mauricio Macri pays visit to China Gezhouba Group’s Cóndor Cliff and La Barrancosa dam projects in Santa Cruz. Interestingly, Xinhua still calls them by their original names: Nestor Kirchner and Jorge Cepernic.
巴西特里斯皮尔斯二期项目投入商运 工期创造新纪录— 中国一带一路网
Phase II of State Grid’s Teresopolis project came online in Brazil. Interestingly, it’s reported on China’s Belt & Road Initiative (BRI) website. Sign of things to come?
China’s CGN to buy three Enel wind and solar assets in Brazil— Renewable Energy News
Satellogic acuerda con empresa china lanzar 90 satélites— iprofesional
Argentina’s Satellogic — which Tencent has a stake in — has inked a deal with Great Wall Industry Corporation (CGWIC) to launch 90 micro satellites to provide weekly satellite data on the earth. The first satellites will go up on a Long March 6 rocket at the end of 2019.
中巴建交后首个高等教育交流项目 今天33名学生毕业了— 名城新闻网
33 Panamanian students graduated from the first higher education exchange program since China and Panama established diplomatic relations.
OEFA ordena a Shougang paralizar transporte y almacenamiento de minerales— Mercados y Regiones
Peru’s Organismo de Evaluación y Fiscalización Ambiental (OEFA) has told Shougang Hierro mining company to stop the transportation and storage operations at the Marcona iron mine due to environmental concerns in San Nicolas Bay.
Exportaciones a CPTPP crecen al doble: SE— Dinero, Negocios y Finanzas
Vietnam toma ventaja sobre China en calzado— Opportimes
Perú ratificaría CPTPP en el primer trimestre del 2019— América Economía
Everyone has rosy projections for benefits from the Trans-Pacific Partnership (TPP); Peru will join this quarter.
A cheery tale of Chilean cherries— The Economist
Is The Economistbiting our rhymes? A write-up of Chile’s cherry effort in China.
Bank of China gets the green light to begin operations in Peru.
This metal is powering today's technology—at what price?— National Geographic Magazine
The lithium revolution gets the yellow-bordered treatment.
Director general-level diplomats from South Korea, China and Japan got together to discuss Latin America policy. When are Latin American foreign ministries going to return the favor?
A view from Miami on the BRI in Latin America.
China, South Korea and India are all in the top five biggest export markets for Peruvian products. Copper is the biggest export to China, liquid natural gas (LNG) to Korea, and gold to India.
Evergreen abre cuatro nuevas oficinas en América Latina— Mundo Marítimo
Shipping company Evergreen sees more flow coming between the Pacific Alliance and Asia. It is opening offices in Peru, Chile, and Mexico in the coming months, after just opening one in Colombia.
China — LAC
Viagem à China gera racha no PSL— A Agência
Alvo de críticas, comitiva do PSL na China cobra apoio do governo— Folha de São Paulo
50% of China's avocado imports come from Chile— Fresh Plaza
La desaceleración de China amenaza a la economía peruana— Semana Económica
México y China formarán marinos mercantes— Diario de Querétaro
Diplomacia china: no hay cena gratis— elsalvador.com
PM meets with Chinese companies— Loop TT
Presentan programa de la Semana China en Mérida— Pulso San Luís
O futuro dos negócios com o gigante asiático— Jornal do Comércio
China y su relación con Costa Rica y América Latina— A Diario CR
Brasil e China: produzir em parceria— Portgente
Xiaomi abrirá al menos 20 tiendas en México este año— Forbes México
La ruta de la seda digital— El Espectador
Korea — LAC
Japan — LAC
El intenso lobby de Japón para acelerar la TV digital en Chile— Diario Financiero
India — LAC
ArcelorMittal to build its first ever desalination plant in Brazil: executives— Reuters
ASEAN & Oceania — LAC
GCC — LAC
Uruguay traspasó a China la presidencia de IRENA— PV Magazine