Social Media

Philippine social commerce platform Toki secures $1.8M pre-seed funding

Toki, a social commerce platform based in the Philippines, has secured $1.8 million pre-seed funding to address demands of untapped market. The pre-seed funding comes from venture capital partners Kaya Founders and Foxmont Capital Partners.

ByteDance’s TikTok strikes deal with GoTo to save Indonesian TikTok Shop – report

Tik Tok is said to have agreed broadly to work with GoTo’s Tokopedia across several areas rather than compete directly with the Indonesian platform.

The transformation of the commerce landscape: How AI influencers are leading the way

Virtual #AI #influencers are at the forefront of reshaping the commerce landscape. As they continue to innovate and redefine how brands connect with consumers, businesses that embrace this trend are well-positioned to thrive in the digital age. As we navigate this ever-changing commerce landscape, it's clear that virtual AI influencers are a force to be…

ByteDance’s TikTok obtaining Indonesia e-commerce permit- report

ByteDance Ltd’s TikTok is said to be in the process of obtaining an e-commerce permit in Indonesia, local media Antara reported.

TikTok mulls investing in Indonesia’s GoTo to revive online shop – report

Indonesia is also among the first countries in Southeast Asia to push back against TikTok. Following the Indonesia restrictions, nearby Malaysia also said it is studying the possibility of regulating TikTok and its e-commerce operations.

SoPa’s Thoughtful Media ventures into concert sponsoring in Indonesia

Thoughtful Media Group Inc (TMG), the Thailand-based social commerce-focused, premium digital advertising network of Society Pass Incorporated (SoPa), has on Tuesday announced that it will commence sponsoring local live music events in Southeast Asia (SEA), resulting in creating unique marketing opportunities for advertisers.

Australia’s Atlassian to acquire video messaging platform Loom for $975 million

Atlassian Corporation, a provider of team collaboration and productivity software based in Australia, will acquire video messaging platform Loom for approximately $975 million to supercharge team collaboration.

Singapore’s REPUBLIK closes $6M seed funding round, valued at $75M

REPUBLIK, a Singapore-based technology company, has announced the successful conclusion of its $6 Million seed funding round. The round saw participation from leading investors, including OKX Ventures, 6th Man Ventures, Arcane Ventures, CMS Holdings, Comma3 Ventures, Define Ventures, Enjin, FBG Capital, HTX Ventures, Mirana Ventures, Oracles Investment…

Indonesia may issue regulation on social media e-commerce – report

"What the people are expecting is that the advancement of technology can create new economic potential, not kill existing economies," Jokowi said.

Malaysia to take action against Facebook’s parent Meta over harmful contents

As there is no sufficient cooperation from Meta, MCMC said it has no option but to take definitive steps or legal action against Meta as a measure to ensure that people are secure and protected in the digital sphere. The agency said such action is necessary in promoting accountability for cybersecurity and enhancing consumer protection against online harms,…