Social Media

Tiktok, Bytedance

ByteDance’s TikTok to invest ‘billions’ in Southeast Asia, says CEO

Southeast Asia is one of TikTok’s biggest markets in terms of user numbers.

ORIGIN Conference: Planning for Southeast Asia Expansion: Markets and Opportunities

The panelists also shared how their companies are able to expand their businesses regionally, serving their customers with better solutions enabled by the Internet and higher smartphone penetration rate. They also shared their companies’ plans and strategies. They also discussed about the latest trends in their respective industries, how to navigate in the…

Society Pass’s Thoughtful Media acquires Indonesia-based KOL management agency Newave Strategic

Thoughtful Media Group Inc (TMG), the Thailand-based social commerce-focused, premium digital advertising network of Society Pass Incorporated (SoPa), has on Wednesday announced the acquisition of Newave, an Indonesia-based KOL management agency.

Facebook-parent Meta to cut 10,000 jobs in second round of layoffs

Meta owns social media platforms including Facebook, Instagram and WhatsApp.

Bigo Live partners TripleA to enable users pay with crypto

Bigo Live, a Singapore-based social live streaming platforms, has partnered with TripleA, a Singapore-based licensed crypto payment gateway, to enable users to pay with cryptocurrencies.

Singapore’s Partipost raises $7M led by iGlobe Partners

Partipost, a Singapore-based crowd influencer marketing and commerce platform, announced Tuesday that it has secured an investment of over $7 million.The oversubscribed round is led by iGlobe Partners, with participation from Temasek’s Pavilion Capital, Taiwan Mobile, Cathay Venture, and Quest Ventures.

Malaysia’s respond.io raises $7M funding led by Headline Asia

Respond.io, a Malaysia-based social to conversational commerce software as a service (SaaS) platform, has closed $7 million in Series A funding. The round was led by Headline Asia with participation from AltaIR Capital, Smart Partnership Capital, Sterling Oak Group & Calendula Ventures.

India’s ShareChat closes $520M round at $5 billion valuation

ShareChat (Mohalla Tech Pvt Ltd), India’s largest homegrown social media company, announced Thursday the closure of its multi-tranche funding round through which it raised a total of $520 million and reached $5 billion in valuation.

Elon Musk now says $44B Twitter deal “temporarily on hold”

"Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users," Musk wrote in a tweet.

Elon Musk’s $44B Twitter buyout challenged in shareholder lawsuit – report

According to Reuter's report, the lawsuit seeks to delay the merger's closing until at least 2025, declare that Twitter directors breached their fiduciary duties, and recoup legal fees and costs.