eCommerce
Indonesia’s Bukalapak confident in turning profitable by the fourth quarter of 2023
Indonesian e-commerce company Bukalapak is more confident in delivering its long-term mission of turning profitable by the fourth quarter of 2023 after having posted six sequential quarters of adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) improvement.
August 1, 2023
TNGlobal Insider,Opinion,eCommerce
Why website personalization is key to winning in Southeast Asia’s e-commerce space
In #SoutheastAsia, website personalization based on a customer’s in-session attributes, such as location, device type, or browsing behavior, can help businesses tailor web content and functionality to the region’s diverse preferences and needs. Relevant and localized content can improve the customer experience and build trust across geographies, while…
August 1, 2023
AI,TNGlobal Q&A and Interviews,eCommerce,Digital Transformation
Mimin: Transforming chat commerce and supporting MSMEs in Indonesia [Q&A]
Mimin co-founders Bayu Eka Putra and Joseph Simbar shed light on how their #AI chat commerce #automation and order management platform is bolstering digital transformation for #MSMEs in #Indonesia.
July 26, 2023
Hong Kong online wholesale marketplace Peeba officially launches in Southeast Asia
Hong Kong online wholesale marketplace Peeba is marking the first step in its Southeast Asia expansion by announcing that it is setting up an office in Indonesia. By empowering small retailers, both online (including TikTok and Instagram shops) and offline, to compete on the same footing as larger retailers, Peeba is set to disrupt the traditional retail…
July 25, 2023
Amazon Global Selling launches first cross-border e-commerce brand launchpad in Singapore
Amazon Global Selling has on Monday introduced the 'Amazon Global Selling Singapore Cross-border Brand Launchpad' program, in collaboration with Enterprise Singapore (EnterpriseSG) and Singapore Business Federation (SBF), to equip local entrepreneurs with cross-border e-commerce skills and help them access burgeoning opportunities of this sector and build a…
July 24, 2023
KKR leads $190M Series C round in South Korean online fashion platform MUSINSA
MUSINSA, an online fashion platform in South Korea, has raised $190 million in Series C fundraise led by KKR, a global investment firm. The round also saw participation from Wellington Management, one of the world’s largest independent investment management firms.
July 21, 2023
AIOX Apex Angel Fund invests in Singaporean global design studio XM HoldCo
Singapore-based global design studio XM HoldCo Pte Ltd and its subsidiaries (collectively the XM Group) has announced that it has completed its latest round of fundraising, led by AIOX Apex Angel Fund (AIOX), together with some of its existing institutional shareholders including Heliconia Capital Management Pte Ltd and ICH Capital.
July 21, 2023
LINE MAN Wongnai acquires Thai POS startup FoodStory
Thailand-based e-Commerce platform LINE MAN Wongnai said Thursday it has reached an agreement to acquire FoodStory, a Thai startup specializing in restaurant point-of-sales (POS) systems, in order to expand its merchant solutions business to every restaurant segment in Thailand.
July 20, 2023
Malaysia’s E-Commerce transactions income surges 10.4 pct year on year in first quarter
Malaysia's e-commerce income by establishment recorded a notable growth of 10.4 percent year-on-year in the first quarter of 2023, to reach MYR 291.7 billion ($62.6 billion U.S. dollars), official data showed Thursday.
July 6, 2023
TNGlobal Insider,Opinion,eCommerce,Digital Transformation
The checkout is no longer merely transactional – it’s an essential part of the brand experience
Driving conversions and building a loyal customer base are essential ingredients for long-term sustainable growth. A smooth #ecommerce checkout is an important part of this, but it has not typically been regarded as part of the #brand identity. That’s now changing, with #payments no longer seen as the ‘last stage’ of the customer transaction, but the…
July 5, 2023