eCommerce
Online grocery firm Zepto raises $200M at $1.4B valuation, emerges as Indian first unicorn this year
Founded in July 2021, Zepto plans to go public in the next two to three years.
Singapore’s SEA reports higher revenue and profit in the second quarter
Singapore-based tech conglomerate Sea Limited has reported higher revenue and profit in the second quarter, underpinned by improved e-commerce businesses. The group's total revenue for the second quarter rose 5.2 percent year on year to $3.1 billion. It posted a total net income of $331 million in the second quarter, as compared to total net loss of $931.2…
Indonesia’s GoTo narrows losses in second quarter, closer to profitability
PT GoTo Gojek Tokopedia Tbk (GoTo), the largest digital ecosystem in Indonesia, has reported losses in the second quarter and it is on track for profitability. The firm's adjusted losses before interest, taxes, depreciation, and amortization narrowed to 1.2 trillion rupiah ($78.25 million) in the second quarter, driven by improved monetization and ongoing…
Indonesian e-commerce platform Uway announces $500M financing
Indonesian e-commerce platform Uway has on Thursday announced a new round of financing of $500 million. The firm will utilize this new round of financing to enhance its supply chain technology.
Indonesia’s Bukalapak confident in turning profitable by the fourth quarter of 2023
Indonesian e-commerce company Bukalapak is more confident in delivering its long-term mission of turning profitable by the fourth quarter of 2023 after having posted six sequential quarters of adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) improvement.
Why website personalization is key to winning in Southeast Asia’s e-commerce space
In #SoutheastAsia, website personalization based on a customer’s in-session attributes, such as location, device type, or browsing behavior, can help businesses tailor web content and functionality to the region’s diverse preferences and needs. Relevant and localized content can improve the customer experience and build trust across geographies, while…
Mimin: Transforming chat commerce and supporting MSMEs in Indonesia [Q&A]
Mimin co-founders Bayu Eka Putra and Joseph Simbar shed light on how their #AI chat commerce #automation and order management platform is bolstering digital transformation for #MSMEs in #Indonesia.
Hong Kong online wholesale marketplace Peeba officially launches in Southeast Asia
Hong Kong online wholesale marketplace Peeba is marking the first step in its Southeast Asia expansion by announcing that it is setting up an office in Indonesia. By empowering small retailers, both online (including TikTok and Instagram shops) and offline, to compete on the same footing as larger retailers, Peeba is set to disrupt the traditional retail…
Amazon Global Selling launches first cross-border e-commerce brand launchpad in Singapore
Amazon Global Selling has on Monday introduced the 'Amazon Global Selling Singapore Cross-border Brand Launchpad' program, in collaboration with Enterprise Singapore (EnterpriseSG) and Singapore Business Federation (SBF), to equip local entrepreneurs with cross-border e-commerce skills and help them access burgeoning opportunities of this sector and build a…
KKR leads $190M Series C round in South Korean online fashion platform MUSINSA
MUSINSA, an online fashion platform in South Korea, has raised $190 million in Series C fundraise led by KKR, a global investment firm. The round also saw participation from Wellington Management, one of the world’s largest independent investment management firms.
