eCommerce
Indonesia e-commerce group Blibli plans up to $528M IPO next month – report
The IPO plan follows the $1.1 billion IPO of GoTo Group, Indonesia's biggest tech firm, earlier this year and the 2021 $1.5 billion IPO of BukaLapak.
China’s Baozun sets up regional headquarters in Singapore
Baozun Inc., the leading e-commerce service partner that helps brands execute their e-commerce strategies in China, announced Thursday its new regional headquarters in Singapore, as it seeks to drive e-commerce innovation and bring a competitive advantage to brands in Southeast Asia (SEA).
Thailand’s Konvy raises $10M from Insignia Ventures
Thailand-based beauty e-commerce platform Konvy said Tuesday it has raised $10 million from Insignia Ventures Partners in a Series A round. Previously, Konvy had raised seed funding from Alpha Founders Capital and ECG Ventures Capital.
Vietnam’s Piktina raises $1M seed funding from Touchstone Partners
Piktina, an online marketplace for secondhand fashion in Vietnam, announced Tuesday it has raised $ 1 million in a seed round from Touchstone Partners, a Vietnam-focused venture capital firm.
How to beat the bots in 3 steps
The November season is now arguably the highlight of APAC’s retail calendar alongside the Lunar New Year. But for retail brands coming under sustained bot attacks, the season of merriment can quickly become one of stress. However, retail marketers who prepare and act swiftly will be counting their investment returns, and not their losses, once the shopping…
Malaysia’s Carsome banks on digital banking to complement existing car business
In the interview, Kee also shared the opportunities Carsome sees in building a digital bank in Malaysia and the competitive edge it has against others. He, however, declined to comment on the launching timeline of the digital bank.
South Korea’s Naver acquires US-listed social e-commerce marketplace Poshmark for $1.2B
South Korea’s largest internet company Naver Corp has inked a deal to acquire Poshmark, Inc., a United States-listed social e-commerce marketplace for new and secondhand style, for approximately $1.2 billion.
SEA’s top 10 e-commerce platforms web traffic rises 64% between Q3 2019 & Q2 2022
Web traffic for Southeast Asia (SEA)’s top 10 e-commerce platforms increased by a notable 64 percent between the third quarter of 2019 and second quarter of 2022, a report showed Tuesday. According to iPrice’s Map of E-commerce first half report, during this period, Singapore-based Shopee consolidated its position as the leading regional e-commerce…
Singapore’s ShopBack extends oversubscribed Series F with $80M from 65 Equity Partners
Singapore-based shopping and rewards platform ShopBack announced Monday that it has entered into a subscription agreement with 65 Equity Partners for $80 million of equity capital in an extended Series F funding round.
Indonesia’s Cosmart raises $5M Seed funding from Lightspeed, East Ventures, and Vertex Ventures Southeast Asia & India
Cosmart, an Indonesian membership-driven ecommerce platform for essential goods, announced Monday that it raised $5 million in an oversubscribed seed funding from Lightspeed, East Ventures, and Vertex Ventures Southeast Asia & India.
