Indonesian Bukalapak’s revenue up 23 percent year on year in 2023

Indonesian e-commerce firm Bukalapak has reported higher revenue in 2023, with the marketplace division delivering excellent growth of 47 percent over the year, primarily supported by the continued success in gaming.

TikTok launches TikTok Shop Mall in Singapore

Global e-commerce platform TikTok Shop has launched TikTok Shop Mall in Singapore, a by-invite only channel exclusively for brands' flagship stores and authorized online retail outlets.

Airwallex : 54% of global consumers expect to increase international online shopping amount over next 6-12 months

54 percent of global consumers expect to increase their cross-border purchasing over the next six to twelve months, global payments and financial platform Airwallex and consulting firm Edgar, Dunn & Company said Thursday.

Singapore’s AnyMind to acquire Malaysian e-commerce enabler Arche Digital

AnyMind Group, a Singapore-founded business process as a service (BPaaS) company, has on Thursday announced that it has entered into an agreement to acquire all shares of Malaysia-based e-commerce enabler, Arche Digital.

Indonesia’s GoTo foresees breakeven in 2024 after first quarterly profit

Indonesian biggest tech firm GoTo has foreseen its 2024 group adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to breakeven after achieving first quarterly profit.

Singapore’s Sea achieves first full year annual profit since IPO

Singapore-based tech conglomerate Sea Limited has achieved its first full year of annual profit in 2023 since its initial public offering (IPO). The firm posted a net income of $162.7 million in 2023, as compared to total net loss of $1.7 billion in 2022.

GoTo, TikTok compliance with Indonesia’s trade regulation nears 100%, says GoTo CEO – report

Indonesian minister for small and medium enterprises Teten Masduki said last week TikTok had yet to comply with the regulation.

Bangladesh’s PriyoShop raises $5M in Series A funding led by Century Oak Ventures

PriyoShop, Bangladesh’s business to business (B2B) retail marketplace for micro, small and medium enterprises (MSMEs), has on Tuesday announced the completion of a $5 million Pre-Series A round of financing led by Century Oak Ventures.

TikTok still violates Indonesian in-app transactions ban, says minister – report

Teten Masduki, the Indonesian minister for small and medium enterprises (SMEs), told reporters that TikTok still had not complied with the regulation.

Singapore’s Carousell Co-Founder Lucas Ngoo to step down

Ngoo said he will continue to have full vested interests in the success of Carousell as a co-founder, board director and shareholder, and have full confidence in our business and leadership team.