eCommerce

Maybank Investment Bank said Thursday that it foresees ASEAN internet players such as Sea, Grab and GoTo to lead growth ahead of global peers.

ASEAN-6 (Singapore, Malaysia, Thailand, Vietnam, Indonesia, and the Philippines)'s business to consumer (B2C) e-commerce export revenue for is expected to reach $30.4 billion in 2028, a report commissioned by Amazon Global Selling showed Wednesday.

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.

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 Malaysia has on Thursday introduced AI Lazzie – a new, integrated shopping assistant that transforms how shoppers navigate, discover, and shop on the platform.

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 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.

The investment will accelerate Coolmate's international expansion, product innovation and omnichannel retail presence across Southeast Asia.

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.

Temu is operated by PDD Holdings, the parent company of the well-known Chinese retailer Pinduoduo.