eCommerce
Singapore’s Sea revenue up 30.8 pct on year in third quarter
Singapore's consumer internet firm Sea announced Tuesday that its total revenue rose 30.8 percent year on year to $4.3 billion in the third quarter ended September 30, 2024, underpinned by higher e-commerce growth.
Vietnam says China’s Shein, Temu must register with government or be blocked – report
Both Temu and Shein are facing increased scrutiny and legal challenges. Last month, Indonesia has requested Apple and Google to block Temu from their app stores to protect small merchants from competing with ultra-cheap items.
Lazada launches AI shopping assistant to boost sales
Lazada Malaysia has on Thursday introduced AI Lazzie – a new, integrated shopping assistant that transforms how shoppers navigate, discover, and shop on the platform.
Canva partners e-commerce app Enstack to empower businesses with free design tools
Canva, an Australia-based online design platform, has forged a long-term partnership with Philippines e-commerce platform Enstack to empower businesses with free design tools.
Lazada Whitepaper reveals 88 percent of consumers make purchasing decisions using AI
Lazada Whitepaper has revealed that 88 percent of consumers make purchasing decisions using artificial intelligence (AI), and 83 percent are willing to pay for AI-enhanced shopping experiences.
Vietnam’s Coolmate bags $6M Series B funding led by Vertex Ventures SEA & India
The investment will accelerate Coolmate's international expansion, product innovation and omnichannel retail presence across Southeast Asia.
Malaysia’s Borong partners Maybank to launch country’s first B2B halal marketplace
Salaam Market is designed to empower local SMEs by integrating Halal certification support and financial services, paving the way for these businesses to navigate the complex Halal market and expand their reach internationally.
Indonesia blocks e-commerce app Temu over regulatory violations – report
Temu is operated by PDD Holdings, the parent company of the well-known Chinese retailer Pinduoduo.
Malaysia’s online crime cases increase 35.5 pct in 2023 with e-commerce crime accounts for 33.2 percent
Malaysia's online crime cases increased 35.5 percent year on year to 34,532 cases in 2023 from 25,479 cases in the previous year, with e-commerce crime accounted for 33.2 per cent, official data showed Wednesday.
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.
