eCommerce

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.

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-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.

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

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.

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

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.

SIRCLO, a an omnichannel commerce enabler in Indonesia has announce its partnership with Shopify, the global e-commerce powerhouse, to enhance its e-commerce capabilities. This alliance is set to transform the online retail experience, combining the strengths of both companies to offer superior e-commerce platforms in Indonesia.

The new reorganisation plan will be announced by Jan 15, sources said.

Junior and senior employees from multiple departments, including the commercial and marketing teams, were affected.