eCommerce

Anwar said JD.com also intends to buy more Malaysian products to market in China. Earlier, the prime minister, who is on a four-day working visit to China, held a business meeting with the company's top management led by JD Logistics CEO and executive strategy member Hu Wei.

Maybank Investment Bank has raised Sea's full year revenue and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) estimates by 3 percent to 6 percent.

Singapore-based technology conglomerate Sea Limited has reported higher revenue and earnings in the second quarter, underpinned by growth in all business segments.

Live commerce, otherwise known as livestream shopping, is growing into a major sales channel in Singapore, with the market set to generate up to $1.3 billion in sales this year, according to new research by DBS.

Maybank Investment Bank has foreseen slight concerns for Singapore-based technology conglomerate Sea Ltd's e-commerce arm Shopee in Brazil amid MercadoLibre (MELI)'s several competitive moves.

The unicorn is aiming for a valuation of more than $3 billion, Reuters reported.

TikTok Shop doubled its global gross merchandise value (GMV) in the first half of 2025, with U.S. market hitting $5.8 billion, Momentum Works & Tabcut report showed last Friday.

Indonesian e-commerce company Bukalapak announced Wednesday that its revenue for the second quarter grew by 12 percent quarter-on-quarter to Rp 1.6 trillion ($97.6 million), driven primarily by strong performance in the gaming and investment segments.

Maybank Investment Bank expects Singapore-based Sea's revenues and adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) to grow 31 percent and 79 percent, respectively year on year in the second quarter.

Maybank Investment Bank said Wednesday that it sees minimal impact from Indonesia's new tax on e-commerce platforms as it believes consumers can absorb the 0.5 percent tax.