eCommerce
Maybank sees Bukalapak a potential candidate for TEMU
Maybank Investment Bank sees Indonesian e-commerce firm Bukalapak as a potential candidate for TEMU, an online marketplace operated by the Chinese e-commerce company PDD Holdings, due to its leaner business model.
Indonesia government bans Chinese e-commerce app TEMU – report
The decision to block TEMU was driven by the increasingly massive threats posed by foreign products on domestic MSMEs online and offline.
Maybank: new monetization avenues to help Sea Ltd to achieve margin targets sooner
Maybank Investment Bank said Wednesday that new monetization avenues will help Singapore-based tech conglomerate Sea to achieve margin targets sooner.
MAS directs Singapore e-commerce platform Qoo10 to suspend payment services
The Monetary Authority of Singapore (MAS) announced Monday that it has directed e-commerce platform Qoo10 Pte Ltd (Qoo10) to suspend the provision of all payment services cin Singapore from Tuesday.
MATRADE partners HYT Cross Border to boost Malaysian MSMEs e-commerce activities
Malaysia External Trade Development Corporation (MATRADE) has concluded a cooperation with HYT Cross Border Sdn Bhd on Thursday as part of its ongoing efforts to enable and empower Malaysia micro, small and medium enterprises (MSMEs) to begin their cross-border journeys and assist those who are currently expanding into the region.
YouTube & Shopee partner in Southeast Asia e-commerce tie-up – report
With YouTube Shopping, Alphabet Inc and Shopee will be competing against TikTok, the Bytedance-owned video app, which has increased its ambitions for the region after taking control of Indonesia's biggest e-commerce platform Tokopedia.
Singapore’s Sea revises up guidance for Shopee amid strong e-commerce momentum
Singapore-based tech conglomerate Sea Limited has raised the outlook for its e-commerce arm Shopee amid strong e-commerce momentum.
Indonesian GoTo’s Q2 revenue up 39 percent on year to $265.58M
PT GoTo Gojek Tokopedia Tbk (GoTo), the largest digital ecosystem in Indonesia, announced Tuesday that its gross revenue increased by 39 percent year on year to Rp 4.3 trillion ($265.58 million) in the second quarter.
Indonesia’s Bukalapak revenue up 6 percent quarter on quarter to $76.45M in second quarter
Indonesian e-commerce company Bukalapak said Wednesday that its revenue for the second quarter grew 6 percent quarter-over-quarter to Rp 1,244 billion ($76.45 million), underpinned by marketplace performance.
Southeast Asia e-commerce up 15 pct on year to $114.6B GMV in 2023
Total gross merchandise value (GMV) of Southeast Asia’s 8 leading ecommerce platforms rose to $114.6 billion in 2023, up 15 percent from 2022, according to Momentum Works “Ecommerce in Southeast Asia 2024” report released on Monday.
