Delivery Hero ends talks on potential sale of selected SEA foodpanda business
Delivery Hero SE, Germany-based local delivery platform, has on Wednesday announced that it has terminated discussions with the main negotiating counterpart regarding a potential sale of its foodpanda business in selected Southeast Asian markets covering Singapore, Malaysia, the Philippines, Thailand, Cambodia, Myanmar and Laos.
Delivery Hero said in a statement that when reconfirming ongoing…
Singapore’s Novosol bolsters expansion plans with additional Series B funding
Novosol, a Singapore-based mobile advertising technology player, has successfully raised total Series B funding to over $10 million via Singapore and the United Kingdom Family Offices.
This significant investment will support Novosol's expansion plans in key markets across the Middle East and South Asia, which include Vietnam, Thailand, and others, Novosol said in a statement.
According…
Dingdong to Report Fourth Quarter 2023 Financial Results on February 29, 2024
SHANGHAI, Feb. 22, 2024 /PRNewswire/ -- Dingdong (Cayman) Limited ("Dingdong" or the "Company") (NYSE: DDL), a leading fresh grocery e-commerce company in China, with advanced supply chain capabilities, today announced that it will report its unaudited financial results for the fourth quarter ended December 31, 2023, before U.S. markets open on February 29, 2024.
The Company will hold an earnings…
Dingdong to Report Fourth Quarter 2023 Financial Results on February 29, 2024
SHANGHAI, Feb. 22, 2024 /PRNewswire/ -- Dingdong (Cayman) Limited ("Dingdong" or the "Company") (NYSE: DDL), a leading fresh grocery e-commerce company in China, with advanced supply chain capabilities, today announced that it will report its unaudited financial results for the fourth quarter ended December 31, 2023, before U.S. markets open on February 29, 2024.
The Company will hold an earnings…
Visa Singapore Innovation Center ushers in a new era of payments
Visa unveils its revamped Singapore Innovation Center,advancing its global strategy to pioneer smarter payments through collaboration with Asia Pacific partners
SINGAPORE, Feb. 22, 2024 /PRNewswire/ -- Visa, a world leader in payments, today announced the opening of its transformed Singapore Innovation Center, a dedicated space for partners, clients and businesses in Asia Pacific. As the payments…
Chinese Brands Go Global: Amazon Web Services Leads the Charge in Shaping Global Expansion Success Stories
BEIJING, Feb. 22, 2024 /PRNewswire/ -- The goal of corporate globalization is building a brand with global recognition. Since the economic reforms of 1978, Chinese companies have embarked on this journey. After years of development, Chinese brands like TCL and Pop Mart have succeeded in their industries by exporting Chinese brands and gaining world recognition. They integrated high-quality…
Trends shaping Southeast Asia’s insurance landscape in 2024
Southeast Asia's insurance sector is experiencing a seismic shift as it adapts to meet the evolving needs of consumers and navigates an increasingly competitive landscape. Historically constrained by complexities, legacy systems, and regulatory hurdles, the industry is now undergoing rapid modernization. Driving this transformation are insurtech companies, revolutionizing traditional practices…
TikTok still violates Indonesian in-app transactions ban, says minister – report
Chinese short video app TikTok is still violating Indonesia's rule that bans in-app transactions, a cabinet minister said, Reuters reported on Tuesday.
Teten Masduki, the Indonesian minister for small and medium enterprises (SMEs), who spoke frequently against TikTok Shop prior to last year's ban, told reporters that TikTok still had not complied with the regulation.
"The trade minister has…
TerraPay appoints Ruben Salazar Genovez, former Head of Visa Direct, as President
LONDON, Feb. 20, 2024 /PRNewswire/ -- TerraPay, a global money movement company, is pleased to announce the appointment of Ruben Salazar Genovez, recently the Global Head of Visa Direct, as President.
Ruben Salazar Genovez, TerraPay
As a seasoned veteran of the payments industry with experience at Visa, Citibank, Barclays and Mastercard, Mr Salazar Genovez has established himself as a…
GoTo denies merger talks with Grab – report
Indonesia-based ride-hailing firm GoTo said on Tuesday that it was not in any discussion with its rival Grab Holdings, which also offers similar ride-hailing services across Southeast Asia, about a potential merger.
"Currently, the company is not having any discussion on such matters," GoTo said in a filing, on Tuesday, according to Reuters' report.
The news came after Bloomberg reported…