eCommerce
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.
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.
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.
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…
Philippine ecommerce marketplace startup Shoppable Business closes $1.15M pre-seed round
Shoppable Business, the Philippines-based business to business (B2B) eCommerce marketplace and technology company, has closed its oversubscribed pre-seed financing round of $1.15 million.
Southeast Asia ecommerce achieves $ 99.5B GMV in 2022, says Momentum Works
Southeast Asia Ecommerce achieved $99.5 billion gross merchandises value (GMV) in 2022, 1.8 times that of 2020 - the first year of the pandemic, a report showed Thursday. Momentum Works said in a statement that despite strong headwinds in Southeast Asia’s ecommerce sector in 2022, growth and competition continued.
ORIGIN Conference: Planning for Southeast Asia Expansion: Markets and Opportunities
The panelists also shared how their companies are able to expand their businesses regionally, serving their customers with better solutions enabled by the Internet and higher smartphone penetration rate. They also shared their companies’ plans and strategies. They also discussed about the latest trends in their respective industries, how to navigate in the…
Singapore’s Sea Ltd winds down investment arm – report
New York-listed Sea launched Sea Capital in March 2021 with initial capital of $1 billion after buying Hong Kong's Composite Capital Management.
Lazada unveils eCommerce AI Chatbot LazzieChat in Southest Asia
Singapore-based e-commerce operator Lazada Group has released LazzieChat, the first eCommerce artificial intelligence (AI) chatbot of its kind in Southeast Asia powered by OpenAI ChatGPT technology in Azure OpenAI Service.
Softbank-backed Carro reports record EBITDA in FY2023 driven by strong recurring ecosystem ancillaries
Carro, the Singapore-based online used car platform, announced Thursday that it has recorded its best ever full-year positive earnings before interest, taxes, depreciation, and amortization (EBITDA) of $4 million for its latest financial year ending March 2023 (FY2023).
