eCommerce
Grab acquires stake in Nham24 to grow food and grocery delivery market in Cambodia
Singapore-based superapp Grab has acquired a stake in Cambodian food-delivery and e-commerce platform Nham24 to grow food and grocery delivery market in the country.
Malaysia’s Carsome: 2025 will set the stage for the next decade of growth
"2024 was a landmark year for CARSOME with our focus on sustainable growth, profitability, and innovation bearing fruit. We delivered three consecutive profitable quarters this year and are well on the road to a full year of profitability," said Carsome Co-Founder and CEO Eric Cheng.
Vietnam’s OnPoint acquires Thailand’s CREA to strengthen e-commerce leadership in Southeast Asia
OnPoint, a Vietnam-based E-commerce enabler, has on Wednesday officially announced its acquisition of CREA, a Thailand-based e-commerce enabler, to strengthen its e-commerce leadership in Southeast Asia.
Maybank expects e-commerce/on-demand services growth for Singapore internet firms to be sustained over the medium term
Maybank Investment Bank said Monday that it expects core e-commerce/on-demand services growth of internet companies in Singapore to be sustained over the medium term owing to under-penetration.
Vietnam’s Kamereo secures $7.8M Series B funding to accelerate growth
Kamereo International, which operates a business to business (B2B) food supply e-commerce platform in Vietnam, has raised $7.8 million in its Series B funding round.
Maybank revises up GoTo Gojek Tokopedia revenue forecasts
Maybank Investment Bank has revised up Indonesian tech platform GoTo Gojek Tokopedia FY25/26 revenue forecasts by 17 percent/ 15 percent, after the firm's first nine months revenue beat its forecast.
US e-commerce giant Amazon invested over $1.49B in Singapore
US-headquartered e-commerce giant Amazon announced on Thursday that it has invested more than S$2 billion ($1.49 billion) across its retail and cloud businesses in Singapore in 2023. This includes both capital expenditure such as improvements to existing infrastructures, including fulfilment centers, delivery stations, and data centers, and operating…
E-ConomySEA 2024 report: Malaysia’s digital economy to hit $31B in 2024
Malaysia's digital economy is poised to reach $31 billion in gross merchandise value (GMV) in 2024, an increase of 16% from 2023 according to the latest e-Conomy SEA 2024 report by Google, Temasek, and Bain & Company.
Shopify partners GDEX to enhance online commerce experience for Malaysian retail businesses
Global commerce technology company Shopify Inc. and Malaysian logistics and technology solutions provider GDEX Berhad (GDEX) are teaming up to help Malaysian retail businesses enhance their online commerce experience and expand market reach.
Maybank sees ASEAN internet players to lead growth ahead of global peers
Maybank Investment Bank said Thursday that it foresees ASEAN internet players such as Sea, Grab and GoTo to lead growth ahead of global peers.
