Indonesia e-commerce group Blibli plans up to $528M IPO next month – report

Indonesian e-commerce firm Blibli, backed by conglomerate Djarum Group, plans to launch an initial public offering (IPO) next month on the Indonesia Stock Exchange (IDX) to raise as much as 8.17 trillion rupiah ($528.29 million), Reuters reported on Monday. Blibli's operator PT Global Digital Niaga plans to sell as many as 17.77 billion shares, 15 percent of total capital, at a price range of…

South Korea’s Naver acquires US-listed social e-commerce marketplace Poshmark for $1.2B

South Korea’s largest internet company Naver Corp has inked a deal to acquire Poshmark, Inc., a United States-listed social e-commerce marketplace for new and secondhand style, for approximately $1.2 billion. Both parties said in a statement that they have entered into a definitive agreement under which Naver will acquire all of the issued and outstanding shares of Poshmark for $17.90 in cash.…

SEA’s top 10 e-commerce platforms web traffic rises 64% between Q3 2019 & Q2 2022

Web traffic for Southeast Asia (SEA)’s top 10 e-commerce platforms increased by a notable 64 percent between the third quarter of 2019 and second quarter of 2022, a report showed Tuesday. According to iPrice’s Map of E-commerce first half report, during this period, Singapore-based Shopee consolidated its position as the leading regional e-commerce platform. The marketplace recorded an…

Asian Fintech 21st Financial Technology Introduces The First iPhone Subscription Program in Taiwan with Local E-Commerce Giant PChome Group

TAIPEI, Sept. 28, 2022 /PRNewswire/ -- 21st Financial Technology Co., Ltd. ("21st Fintech"), a fast-growing Asian fintech company with a gross payment volume of over US$3 billion, launched Taiwan's first and most flexible "12-month iPhone Subscription Program" on the 9th of September. The introduction of iPhone subscription program successfully drew the attention of the market, spurring a buying…

Asian Fintech 21st Financial Technology Introduces The First iPhone Subscription Program in Taiwan with Local E-Commerce Giant PChome Group

Antelope Enterprise Subsidiary Kylin Cloud Enters into Contract with E-Commerce Importer

JINJIANG, China, Sept. 28, 2022 /PRNewswire/ -- Antelope Enterprise Holdings Limited (NASDAQ Capital Market: AEHL) ("Antelope Enterprise" or the "Company"), a leading Chinese manufacturer of ceramic tiles used in residential and commercial buildings, and which engages in management and business consulting, and online social Commerce and live streaming in China, announced today its 51% owned…

Cross-border E-commerce Finance in the Fast Track: Dowsure reached 1.5 Billion RMB Transactions Milestone

Dowsure, a cross-border e-commerce digital API platform, has reached the 1.5 billion RMB transaction milestone, just over two months after the 1 billion RMB milestone. SHENZHEN, China, Sept. 28, 2022 /PRNewswire/ -- The cross-border e-commerce market has developed rapidly in the past few years, but cross-border e-commerce merchants have always had a major pain point -- lack of capital. From goods…

THE PHILIPPINES’ PAYMENTS, E-COMMERCE & BANKING LEADERS TO GATHER LIVE ONLINE IN THIS SEPTEMBER TO CHART THE FUTURE OF COMMERCE

SINGAPORE, Sept. 15, 2022 /PRNewswire/ -- Seamless Philippines returns live online this 28-29 September, gathering over 1,200 attendees virtually to explore the latest innovations in the Philippines across the payments, e-commerce and banking sectors. Seamless Philippines "With digital payments and ePayments in the Philippines forecast to account for 50% of transactions by 2023, also…

Temu Taps on Sister E-Commerce Platform Supply Chain to Offer Irresistible Prices

NEW YORK, Sept. 13, 2022 /PRNewswire/ -- Temu, the new global online marketplace empowering consumers with more choices, will leverage on the vast network of suppliers and logistics partners built up by its sister e-commerce platform to deliver competitively priced products to customers. A screenshot of Temu's homepage advertising sitewide discounts and free shipping and returns Temu and its…

Joy Spreader Experiences Higher-than-expected Growth of its International E-commerce Business, Achieving Sales of Over HK$1 Billion in 1H 2022

BEIJING, Sept. 2, 2022 /PRNewswire/ -- On August 31, 2022, Joy Spreader Group Inc. ("Joy Spreader" or the "Company", Stock Code: 06988.HK), a leader in new media performance-based marketing, announced its interim results for 2022. The results show that Joy Spreader achieved revenue of HK$1.367 billion, an increase of 118.91% YoY. Notably, the international e-commerce business maintained strong…