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Lazada, under Alibaba stewardship, is in advanced talks with聽Redmart, a Singapore-based grocery delivery service, to buy聽the company,聽three聽sources with knowledge of discussions told TechCrunch. Redmart is said to prefer聽an
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investment, but one source told us that an acquisition priced between聽$30-40 million
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could be agreed聽and announced as soon as next week.Redmart, Lazada and Alibaba did not respond to聽
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requests for comment.Lazada sells a range of products, including electronics, fashion and baby items. Adding Redmart to its business would give it groceries and fresh product capabilities, too. Lazada operates in six聽countries in Southeast Asia, Redmart is present in Singapore only, but has long harbored regional aspirations.The writing has been on the wall for Redmart, which has raised over $55 million in capital from investors including Facebook co-founder Eduardo Saverin, who is now a prominent VC in Southeast Asia, and games giant Garena. Redmart was the first to pioneer the Hbri What to expect from Samsung s next Galaxy flagships
What the hell are we talking about here Well, FI-WARE is the rather tortuous name given to a private-public partnership funded by the European Commission which also has investment from Spanish telco Telefonica. FI
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-WARE has a number of open source, API-enabled tools which are supposed to allow developers to create among other uses & 8216 mart city ; apps. The idea is that developers use F-WARE sandbox environment to trial the
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ir prototypes and get feedback from a smart city experts and developers that are on the platform.The FI-WARE people run regular hackathon competitions to promote the platform called Campus Days with top 20 entrants SHARING prize money of around 鈧?6,000. You can compete
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for a further 鈧?45,000 on other heats of the competition.So long as developers create prototypes no products and startups, mind on the FI-WARE platform they are eligible for the competition and can carry on winning cash.Juanjo Hierro, pictured the Senior Technology Expert at Telef