eCommerce
TikTok mulls investing in Indonesia’s GoTo to revive online shop – report
Indonesia is also among the first countries in Southeast Asia to push back against TikTok. Following the Indonesia restrictions, nearby Malaysia also said it is studying the possibility of regulating TikTok and its e-commerce operations.
Sea Limited posts unexpected net loss of $144M in third quarter despite revenue rises
Singapore-based tech conglomerate Sea Limited has posted a total net loss of $144 million in the third quarter, as compared to total net loss of $569.3 million for the third quarter of 2022. The year-on-year improvement of losses was mainly due to higher interest income in the third quarter of 2023.
‘Tis the season to be shopping: Can businesses still capitalize on sales events in APAC?
The world of online #payments is complex. But by avoiding common mistakes and prioritising the right support and market education, merchants can enjoy a prosperous #shopping festival season with supercharged conversion rates and record breaking sales.
Indonesia’s GoTo reports significant drop in third quarter losses
PT GoTo Gojek Tokopedia Tbk (GoTo), the largest digital ecosystem in Indonesia, on Monday announced that the firm has reported significant drop in third quarter losses, driven by improved monetization and disciplined management of operating expenses. The firm reported adjusted losses before interest, taxes, depreciation and amortization 942 billion rupiah…
Singles’ Day, the evolution of e-commerce, and the trends involved
The #SinglesDay sale is the world’s biggest sales event and a global phenomenon. Set to take place again on 11 November 2023, many #ecommerce businesses are already preparing their inventories, but what may be useful is to capitalize on emerging e-commerce trends for an added boost to their revenue streams.
Southeast Asia leads in digital economy growth at 15.8 percent for the next five years: report
Southeast Asia (SEA) is racing ahead among the region in digital economy, according to the latest report conducted by market intelligence firm IDC and commissioned by global payments platform 2C2P and Ant Group. According to the report, SEA leads in digital economy growth at 15.8 percent for the next five years, outpacing the United States (9.4 percent) and…
Gobi Partners invests in Malaysian reseller digital ecosystem Ejen2u
Asia-focused venture capital firm Gobi Partners has become the lead investor in Malaysian reseller digital ecosystem Ejen2u's Pre-Series A funding round, alongside Artem Ventures. This investment was made possible through the Khazanah Nasional Bhd (Khazanah)-backed Gobi Dana Impak Ventures (GDIV) fund.
Katadata: 67 percent of Indonesia’s population not active e-commerce users
Katadata Insight Center and Evermos report has found that Offline channels are crucial for business success for local Indonesian brands, and 67 percent of Indonesia's population is not active e-commerce users.
Indonesia bans e-commerce transactions on social media platforms such as TikTok – report
The government said the move, which takes effect immediately, is aimed at protecting offline merchants and marketplaces, adding that predatory pricing on social media platforms is threatening small and medium-sized enterprises.
Indonesia may issue regulation on social media e-commerce – report
"What the people are expecting is that the advancement of technology can create new economic potential, not kill existing economies," Jokowi said.
