eCommerce
News,eCommerce,Logistics,FinTech,Indonesia
GoTo receives validation from SBTi on its net-zero target
PT GoTo Gojek Tokopedia Tbk (GoTo), the largest digital ecosystem in Indonesia, has on Thursday announced that its near and long-term greenhouse gas emissions reduction targets across all the countries it is present in have been validated by the Science Based Targets initiative (SBTi).
December 15, 2023
TNGlobal Insider,Opinion,eCommerce
Beyond eastern borders: Exploring 2024 Asia Pacific payment trends
In a region that one could argue is the birthplace of #QR code-based payments and #ewallets, the further adoption of mobile technology and digital wallets across the region has accelerated demand for cashless #payments faster than ever before, and in turn, greatly improved financial inclusion. With so much progression in 2023, what lies ahead in 2024 in the…
December 13, 2023
TNGlobal Insider,Opinion,eCommerce
Beyond recurring revenue: What e-commerce companies need to successfully expand overseas
Access to reliable funding is just the start of what an ideal financial partner should provide to help an #ecommerce business expand across borders. Understanding the challenges and opportunities in the target market and having a network of partners are vital to making the expansion successful.
December 11, 2023
News,eCommerce,China,Indonesia
China’s Tik Tok to invest $1.5B in Indonesia’s GoTo
Chinese entertainment platform Tik Tok will invest $1.5 billion in Indonesia's largest digital ecosystem PT GoTo Gojek Tokopedia Tbk (GoTo Group). As part of the agreement, Tokopedia and TikTok Shop Indonesia’s businesses will be combined under the existing PT Tokopedia entity in which TikTok will take a controlling stake.
December 11, 2023
Features,News,Indonesia,eCommerce,Social Media
ByteDance’s TikTok strikes deal with GoTo to save Indonesian TikTok Shop – report
Tik Tok is said to have agreed broadly to work with GoTo’s Tokopedia across several areas rather than compete directly with the Indonesian platform.
December 6, 2023
News,Indonesia,eCommerce,Social Media
ByteDance’s TikTok obtaining Indonesia e-commerce permit- report
ByteDance Ltd’s TikTok is said to be in the process of obtaining an e-commerce permit in Indonesia, local media Antara reported.
November 29, 2023
News,China,Singapore,eCommerce
Fast-fashion giant Shein applies to go public in US – report
Shein's confidential US IPO filing was first reported by China's Shanghai Securities Journal last week. The Wall Street Journal earlier on Monday confirmed the report citing sources, the report added.
November 28, 2023
Social Media,News,eCommerce,Investments,Mergers and Acquisitions,China,Indonesia
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.
November 23, 2023
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.
November 15, 2023
TNGlobal Insider,eCommerce,FinTech
‘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.
November 6, 2023