L’Oréal Announces North Asia Big Bang Beauty Tech Innovation Program Winners with Innovation Showcase at China International Import Expo

"L'Oréal North Asia Big Bang Beauty Tech Innovation Program" (Big Bang) announced 17 innovative companies from China, Japan, Korea as 2023 Winners First regional beauty tech innovation incubation exhibition unveiled at China International Import Expo featuring 16 overseas Big Bang finalists with pioneering beauty tech and innovations SHANGHAI, Nov. 6, 2023 /PRNewswire/ -- L'Oréal today…

Alibaba International Announces Pilot Launch of Comprehensive AI Suite “Aidge” to Streamline Global Commerce Operations

Internal use cases demonstrate significant improvement in merchants' order conversion and consumer satisfaction levels SINGAPORE, Nov. 6, 2023 /PRNewswire/ -- Alibaba International Digital Commerce Group ("Alibaba International") today announced the pilot launch of "Aidge," its first commerce-centric, artificial intelligence (AI)-powered suite of application programming interfaces (APIs) that is…

Alibaba International Announces Pilot Launch of Comprehensive AI Suite “Aidge” to Streamline Global Commerce Operations

Xinhua Silk Road: Apple art festival kicks off in Qixia, E China’s Shandong to celebrate apple harvest

BEIJING, Nov. 2, 2023 /PRNewswire/ -- The 21st Shandong Qixia apple art festival and the 2023 China farmers harvest festival opened at the cultural square in Qixia City, east China's Shandong Province on October 26 to celebrate the apple harvest in the city. Zhao Yonggang, party chief of Qixia, attended the event and delivered a speech and Zang Lei, acting mayor of Qixia, presided over the…

Mitsui invests USD58 Million in ADA via Axiata Digital, valuing the Data and AI company at USD 550 Million.

Post investment, Mitsui will own an effective 12.69% stake in ADA while increasing their stake in ADS to 20%. KUALA LUMPUR, Malaysia, Nov. 2, 2023 /PRNewswire/ -- Axiata Digital & Analytics Sdn Bhd (ADA), today announced Mitsui's investment of USD 58 million in ADA, facilitated through ADA's holding company, Axiata Digital Services Sdn Bhd (ADS). Mitsui's additional investment has established…

MoMo integrates payment solution into the Grab app

MoMo, Vietnam’s fintech unicorn, and Grab Vietnam have on Wednesday announced the integration of MoMo’s payment solution into the Grab app. The duo said in a statement that this partnership aims to provide users with a secure and hasslefree cashless payment experience. Also, it allows the two brands to become more integrated in the everyday life of local consumers. According to the…

E-Conomy SEA 2023 report: Southeast Asia’s digital economy is set to hit $100B in revenue

Southeast Asia (SEA)’s revenue from the digital economy is poised to hit $100 billion this year, growing 1.7 times as fast as the region’s gross merchandise value (GMV), Google, Temasek and Bain & Company said in a report on Wednesday. According to the 8th edition of the e-Conomy SEA report, despite global macroeconomic headwinds, the region’s GMV continues an upward trajectory and is set…

SHEIN acquires British women fashion brand Missguided

SHEIN, a Singapore-headquartered online fashion and lifestyle retailer, has announced the acquisition of Missguided, a British women's fashion brand, from Frasers Group. SHEIN said in a statement on Monday that Missguided joins SHEIN's family of fashion brands, furthering the company's efforts to meet customer demand for product variety and consistently deliver an exciting customer experience.…

Indonesia’s GoTo reports significant drop in third quarter losses

PT GoTo Gojek Tokopedia Tbk (GoTo), the largest digital ecosystem in Indonesia, on Monday announced that the firm has reported significant drop in third quarter losses, driven by improved monetization and disciplined management of operating expenses. The firm said in a statement that it reported adjusted losses before interest, taxes, depreciation and amortization 942 billion rupiah ($59.30…

Winners of the ADA Business Messaging Hackathon 2023 Announced

SINGAPORE, Oct. 31, 2023 /PRNewswire/ -- ADA, region's biggest independent digital transformation company, has announced the winners of the ADA Business Messaging Hackathon 2023. After a grueling 4-months, Team MedAI clinched the top spot, demonstrating an innovative AI-Powered WhatsApp Healthcare Platform that holds the potential to transform healthcare through WhatsApp & AI. Team Columbus…