eCommerce
News,eCommerce,Indonesia,China
Indonesia government bans Chinese e-commerce app TEMU – report
The decision to block TEMU was driven by the increasingly massive threats posed by foreign products on domestic MSMEs online and offline.
October 10, 2024
Maybank: new monetization avenues to help Sea Ltd to achieve margin targets sooner
Maybank Investment Bank said Wednesday that new monetization avenues will help Singapore-based tech conglomerate Sea to achieve margin targets sooner.
October 9, 2024
MAS directs Singapore e-commerce platform Qoo10 to suspend payment services
The Monetary Authority of Singapore (MAS) announced Monday that it has directed e-commerce platform Qoo10 Pte Ltd (Qoo10) to suspend the provision of all payment services cin Singapore from Tuesday.
September 24, 2024
MATRADE partners HYT Cross Border to boost Malaysian MSMEs e-commerce activities
Malaysia External Trade Development Corporation (MATRADE) has concluded a cooperation with HYT Cross Border Sdn Bhd on Thursday as part of its ongoing efforts to enable and empower Malaysia micro, small and medium enterprises (MSMEs) to begin their cross-border journeys and assist those who are currently expanding into the region.
September 20, 2024
News,eCommerce,Social Media,SEA,Indonesia
YouTube & Shopee partner in Southeast Asia e-commerce tie-up – report
With YouTube Shopping, Alphabet Inc and Shopee will be competing against TikTok, the Bytedance-owned video app, which has increased its ambitions for the region after taking control of Indonesia's biggest e-commerce platform Tokopedia.
September 19, 2024
News,FinTech,Singapore,eCommerce
Singapore’s Sea revises up guidance for Shopee amid strong e-commerce momentum
Singapore-based tech conglomerate Sea Limited has raised the outlook for its e-commerce arm Shopee amid strong e-commerce momentum.
August 14, 2024
News,eCommerce,FinTech,Indonesia
Indonesian GoTo’s Q2 revenue up 39 percent on year to $265.58M
PT GoTo Gojek Tokopedia Tbk (GoTo), the largest digital ecosystem in Indonesia, announced Tuesday that its gross revenue increased by 39 percent year on year to Rp 4.3 trillion ($265.58 million) in the second quarter.
August 2, 2024
Indonesia’s Bukalapak revenue up 6 percent quarter on quarter to $76.45M in second quarter
Indonesian e-commerce company Bukalapak said Wednesday that its revenue for the second quarter grew 6 percent quarter-over-quarter to Rp 1,244 billion ($76.45 million), underpinned by marketplace performance.
July 31, 2024
Southeast Asia e-commerce up 15 pct on year to $114.6B GMV in 2023
Total gross merchandise value (GMV) of Southeast Asia’s 8 leading ecommerce platforms rose to $114.6 billion in 2023, up 15 percent from 2022, according to Momentum Works “Ecommerce in Southeast Asia 2024” report released on Monday.
July 16, 2024
Report: Southeast Asia’s retailers bet big on social commerce despite economic climate
Southeast Asian retailers are placing big bets on social media as 68 percent plan to increase investment in social commerce over the next 12 months, Shopify Inc said Thursday.
July 11, 2024