eCommerce
Singapore’s Sea Ltd winds down investment arm – report
Singapore-headquartered e-commerce and gaming giant Sea Ltd is winding down its investment arm, Reuters reported on Thursday, quoting two people with knowledge of the matter. The…
Lazada unveils eCommerce AI Chatbot LazzieChat in Southest Asia
Singapore-based e-commerce operator Lazada Group has released LazzieChat, the first eCommerce artificial intelligence (AI) chatbot of its kind in Southeast Asia powered by OpenAI…
Softbank-backed Carro reports record EBITDA in FY2023 driven by strong recurring ecosystem ancillaries
Carro, the Singapore-based online used car platform, announced Thursday that it has recorded its best ever full-year positive earnings before interest, taxes, depreciation, and…
Indonesia’s Evermos raises $39M funding led by IFC to fuel business expansion
Evermos, an Indonesia-based social commerce platform, has successfully raised $39 million in its Series C funding round. Evermos said in a statement on Thursday that the funding…
Indonesian D2C comestics brand Rosé All Day Cosmetics on track to achieve 6 times surge in revenue
Indonesian direct-to-consumer (D2C) cosmetics brand Rosé All Day Cosmetics (RADC) which has reported a four times increase in annual revenue in 2022, said it is on track to…
SEA achieves total net income of $87.3M in 1Q as revenue rises
Singapore-based tech conglomerate SEA Limited has achieved a total net income was of $87.3 million in the first quarter, as compared to total net loss of $580.1 million a year…
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…
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…
Bukalapak slips into the red with $68.18M net loss in 1Q
Indonesian e-commerce company PT Bukalapak.com Tbk (Bukalapak) said last Friday it has slipped into the red by recording a net loss of 1 trillion rupiah ($68.18 million) in the…
Future-proofing your business? Begin with payments
For online-focused merchants, the value of investing in payments has long been recognized. Payments are the most direct gateway to their customers, inextricably tied to the growth…
