SEA

Alibaba’s Lazada rebrands logistics arm, introduces multi-channel logistics services

Along with the rebranding, Lazada Logistics is also introducing multi-channel logistics (MCL) services, which provide a single stock fulfillment solution to help e-commerce enablers and brands fulfill across all e-commerce channels seamlessly.

Malaysia-based SPAC Kairous Acquisition files for a $50 million IPO on NASDAQ

The SPAC intends to focus on fast-growing technology companies in e-commerce, financial technology, insurance technology, digital health, digital media, and digital services.

Malaysia’s AirAsia launches e-hailing services; eyes more acquisitions as it builds Super App

AirAsia's e-hailing venture came as the aviation group is in the midst of building its digital businesses and its ASEAN Super App when most of its planes were grounded due to the ongoing COVID-19 pandemic.

Malaysia’s telecoms infrastructure firm Edotco accepted as United Nations Global Compact signatory

As a signatory, Edotco said it will be supporting the 10 Principles on human rights, labor, environment and anti-corruption, which will be embedded as part of the company’s strategy, culture, and day-to-day operations.

Petronas Twin Towers in Kuala Lumpur, Malaysia

Political uncertainties in Malaysia seen as ‘short-term risks’, say tech investors

Venture capitalists TechNode Global contacted opined that political issues will have little impact on investors' confidence in Malaysian tech startups. The tech industry in the country will continue to grow due to the ongoing pandemic which has accelerated digitalization.

Philippines to stop accepting digital bank applications for 3 years, caps licenses to 7

The Monetary Board decided to close the window for the submission of applications from new digital banks, including converting banks, starting August​ 31, 2021. This is in line with the overall thrust of maintaining a stable and competitive environment for banks.

AirAsia’s logistics arm Teleport to acquire food delivery platform Delivereat for $9.8M

The deal values Teleport at $300 million and welcomes investors, including Kuala Lumpur and Shanghai-based venture capital firm Gobi Partners onboard.

AirAsia partners with InsurTech startup PolicyStreet to provide digital car insurance service

The digital car insurance service includes insurance and road tax renewal and allows car owners to make price comparisons of various insurance providers.

Singapore’s Sea Q2 revenue jumps 159% on-year; raises full year 2021 guidance

Sea’s strong revenue growth came when many of its markets continue to see a high volume of COVID cases.

Challenges and opportunities as Buy Now, Pay Later shopping gains traction in Malaysia

The ongoing pandemic has helped to accelerate the uptake of BNPL as commerce increasingly moves online and consumers look for alternatives to better manage their finances.