GoTo receives validation from SBTi on its net-zero target
PT GoTo Gojek Tokopedia Tbk (GoTo), the largest digital ecosystem in Indonesia, has on Thursday announced that its near and long-term greenhouse gas emissions reduction targets across all the countries it is present in have been validated by the Science Based Targets initiative (SBTi).
GoTo said in a statement that this validation by the SBTi makes GoTo the first Indonesian publicly listed…
TNGlobal’s Top 10 most-read analysis & feature articles in 2023
It’s the time of the year again as we take a look back at what happened throughout 2023 in the tech and startup scene in Southeast Asia.
The tech industry in the year 2023 has generally been gloomier as compared to 2022. The global wave of layoffs hitting US tech companies like Meta, Amazon, and Twitter has also come to Asia and Southeast Asia amid a slowdown in fundraising activities for…
4th APEC Women Connect “Her Power” Entrepreneurship Competition Announces Partner Lineup and E-Learning Sessions
BEIJING, Dec. 15, 2023 /PRNewswire/ -- The fourth annual APEC Women Connect "Her Power" Entrepreneurship Competition — co-hosted by cross-border e-commerce company DHgate, social commerce platform MyyShop, and The Inner Mountain Foundation and APEC Women Connect female empowerment organizations — has announced partnerships with more than 10 multinational companies that are leaders in their…
SWC Global leads $5.41M series A financing in Indonesian D2C startup Rosé All Day Cosmetics
Halal-certified direct-to-consumer (D2C) Indonesian beauty brand Rosé All Day Cosmetics (RADC) announced Friday it has successfully closed a series A funding round of $5.41 million.
The funding was led by SWC Global, with participation from DSG Consumer Partners (DSGCP) and the brand’s initial seed investor AC Ventures, RADC said in a statement.
RADC said the strategic investment, a…
GoTo struck TikTok deal to stop market share slide, CEO says – report
Indonesia-based Internet firm GoTo Group agreed to its tie-up with China-based social media giant ByteDance Ltd’s TikTok to avoid further market-share losses in online shopping in its home country, chief executive officer Patrick Walujo said, Bloomberg reported on Thursday.
TikTok Shop more than doubled its market share to 11 percent this year, Walujo said on a conference call with investors…
CLPS Incorporation Expands Overseas Credit Card Business with the Acquisition of Purple Potato Finance
HONG KONG, Dec. 14, 2023 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (Nasdaq: CLPS), today announced that its wholly-owned subsidiary, Qinson Credit Card Services Limited ("QCC"), has successfully acquired 100% equity of Purple Potato Finance Limited ("Purple Potato"). This strategic move enables CLPS to broaden its credit card business within the Hong Kong market.
Established in…
Yunji Announces Third Quarter 2023 Unaudited Financial Results
HANGZHOU, China, Dec. 14, 2023 /PRNewswire/ -- Yunji Inc. ("Yunji" or the "Company") (NASDAQ: YJ), a leading membership-based social e-commerce platform, today announced its unaudited financial results for the third quarter ended September 30, 2023 .
Third Quarter 2023 Highlights
Total revenues in the third quarter of 2023 were RMB145.2 million (US$19.9 million), compared with RMB238.9…
Yunji Announces Third Quarter 2023 Unaudited Financial Results
HANGZHOU, China, Dec. 14, 2023 /PRNewswire/ -- Yunji Inc. ("Yunji" or the "Company") (NASDAQ: YJ), a leading membership-based social e-commerce platform, today announced its unaudited financial results for the third quarter ended September 30, 2023 .
Third Quarter 2023 Highlights
Total revenues in the third quarter of 2023 were RMB145.2 million (US$19.9 million), compared with RMB238.9…
Tracxn: Vietnam’s year-to-date funding falls to lowest since 2019
Vietnam has secured the fourth position in 2023 based on year-to-date (YTD) funding, marking the lowest funding year for the region since 2019, Tracxn said Tuesday.
Tracxn said in its "Geo Annual Report: Vietnam Tech 2023" that the Vietnamese tech startup ecosystem has raised a total of $142 million in funding year to date, reflecting a drop of 73 percent and 91 percent compared with the…
Beyond eastern borders: Exploring 2024 Asia Pacific payment trends
2023 has gone by in a flash but, as usual in the world of payments, things haven’t stood still - particularly in the fast-paced and fragmented Asia Pacific payments landscape. Statista forecasts that 61.4 percent of global e-commerce revenue will be generated in Asia by 2024.
In a region that one could argue is the birthplace of QR code-based payments and e-wallets, the further adoption of…