Singapore
Sea’s e-commerce arm Shopee lays off staff in food delivery, online payments & global teams – report
The platform will also end its early-stage pilot in Spain. This comes after Shopee exited the French market in March. The e-commerce unit also exited the India market the same month.
Tesla sacks Singapore country manager after Elon Musk warns of 10% job cut
"Tesla announced a 10 percent of workforce reduction. My role was chosen to be eliminated as of today," the firm's country manager in Singapore Christopher Bousigues wrote in a LinkedIn post on Sunday.
Singapore’s Next Gen Foods launches plant-based chicken product in Germany
Singapore-based alternative protein startup Next Gen Foods said Monday it is rolling out its flagship plant-based chicken product TiNDLE, in restaurants across Germany. TiNDLE will debut across six of Germany’s biggest cities, across 40 sites with many more to come, partnering with over 20 of Germany’s toprestaurants – in a range of delicious applications…
Singapore’s Mighty Jaxx acquires Kinetiquettes and PLAYe to expand pop culture footprint globally
Mighty Jaxx, a Singapore-based integrated future culture platform that designs and produces digital and phygital collectibles, announced Monday the multi-million-dollar acquisitions of local companies Kinetiquettes, a high-end statue collectible company, and PLAYe, a specialised DTC platform of consoles, video games, collectibles, and action figures.
Singapore alternative funding startup Jenfi launches in Indonesia
Jenfi, a Singapore-based fintech startup, said Thursday it is expanding its business to Indonesia. The expansion follows its recent series A funding in 2021 and also includes Vietnam.
Alipay+ partners ComfortDelGro for foreign mobile payments in Singapore
ComfortDelGro Taxi and Alipay+ announced Wednesday a partnership that enables mobile payments from Malaysia and South Korea, namely the Touch ‘n Go eWallet and Kakao Pay, to be accepted as cashless payment options in all its Comfort and CityCab taxis. Users of these mobile wallets can pay for the cab fare simply through the wallet apps without the need to…
Razer Fintech acquires Indonesian digital payment firm E2Pay
Razer Fintech’s acquisition of E2Pay expands the organization’s digital payment solutions into Indonesia, one of the region’s fastest-growing digital economies in the world.
ADDX is first Singapore financial institution to recognize crypto assets of accredited investors
Private market exchange ADDX has become the first financial institution in Singapore to recognise cryptocurrency assets for the purpose of onboarding accredited investors.
Singapore’s Cake DeFi pays a record $317M in rewards to customers
Cake DeFi, Singapore-based Decentralized Finance (DeFi) platform, celebrated its third anniversary today with a key milestone. The company announced that it has paid out over $317 million in rewards as of end Q1 2022 while continuing to see robust business growth of an average of almost 90 percent quarter-on-quarter since 2019.
