eCommerce

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 e-commerce enabler, PT Digital Distribusi Indonesia (DDI).

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 first quarter, as compared to a a net profit of 14.55 trillion rupiah ($991.99 million) a year ago.

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 of their business. However, creating simple, seamless checkout experiences that meet the needs of a diverse set of customers in different geographies, is a challenge that only…

“We've been seeing consistent growth coming not just from the volume of the transactions but at the same time, the margin potential has also been increasing with the help of retail business and ancillary services,” its Co-Founder and Chief Executive Officer Eric Cheng said .

Verz Design, a Singapore-based web design agency and digital solutions agency, has on Tuesday announced that it has secured a $2 million investment from Meetsocial, a China-based digital marketing firm.

Apple's launch of BNPL service came at a time when some see the hype around BNPL is fading. During or even before the pandemic, BNPL has seen strong growth in Europe, United States, Australia and Southeast Asia, although it is starting to stir concerns among regulators that it could cause youngsters, who are often seen as financially naive, to overspend and…

It was reported that Alibaba intends to split its operations into six standalone units, each managed by a different chief executive.

Sea Limited, Singapore-based e-commerce giant, said Tuesday that its revenue rose 25.1 percent year on year to $12.4 billion in 2022, underpinned by e-commerce growth.

The Singapore-based ride-hailing and delivery company completed the transaction last week, bringing its debt under an outstanding term loan to $517 million, down from the previous balance of $1.117 billion. Grab also has about $200 million in other bank debt.

The stable rating outlook on Grab reflects S&P Global Ratings' view that the company will maintain sufficient liquidity to tide it through until it reaches positive EBITDA and cash flow by 2025.