News
Philippine B2B eCommerce enabler etaily wins Expand North Star Pitch Competition
Etaily, a Philippines-based business to business (B2B) eCommerce enabler, has emerged as the winner of the Expand North Star Pitch Competition, hosted in partnership with the GITEX Global team in the Philippines.
J&T Express acquires China’s Fengwang Express for $170M
Indonesia-headquartered courier startup J&T Express has on last Friday announced that it will acquire Shenzhen Fengwang Information Technology Co., Ltd. (Fengwang Information), the owner of Chinese e-commerce logistics provider Shenzhen Fengwang Express Co., Ltd. (Fengwang Express), for RMB1.183 billion ($170.09 million).
Alibaba Cloud unveils plans to strengthen global partnership ecosystem
Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, is set to further empower its ecosystem partners through a series of new initiatives. The new initiatives including the launch of an Independent Software Vendor (ISV) Acceleration Program, a training empowerment program for partners, as well as new incentives to reward partner…
BEYOND EXPO 2023: Malaysia’s Aerodyne plans to raise up to $200M in Series C round; IPO in two to three years’ time
Aerodyne’s plan to raise Series C round also comes after its bridging round in September last year.
Vietnam’s VinFast to list in United States via SPAC
Vietnamese electric vehicle maker (EV) VinFast Auto Pte. Ltd. (VinFast) has on Friday announced that it will be listed in the United States via a merger with special purpose acquisition company (SPAC) Black Spade Acquisition Co. (Black Spade).
AnyMind Group agrees to acquire Indonesian e-commerce enabler PT Digital Distribusi Indonesia
AnyMind Group, a Singapore-based commerce enablement company, has on Friday announced that it has agreed to acquire all shares issued by Indonesia-based eDistributor and e-commerce enabler, PT Digital Distribusi Indonesia (DDI).
Tracxn: funding into mom & baby care companies plunges 80 percent in 2022
Total funding raised by mom & baby care companies across the globe in 2022 was $418 million, a plunge of 80 percent from $2.1 billion in 2021, a report showed Friday.
Airasia Superapp and foodpanda join forces for groundbreaking partnership
The airasia Superapp and foodpanda have jointly announced a groundbreaking partnership, combining the strengths of both platforms to offer better value and greater convenience to users across Asean and beyond.
Southeast Asian tech startups raises $10.4B in 2022 despite global slowdown
Southeast Asian tech startups raised $10.4 billion in 2022, the third strongest year on record and on par with the pre-pandemic investment levels, said a report revealed by Momentum Works and Cento Ventures on Tuesday.
India’s Ripplr raises $40M in Series B funding led by Fireside Ventures
Ripplr, an India-based tech distribution and logistics platform, has announced that it has raised $40 million in a Series B round from new and existing Investors. The round was led by Fireside Ventures.
