Taiwan’s “NEXT BIG” startup Initiative strengthened by National Development Council (NDC) increased support.
TAIPEI, July 21, 2023 /PRNewswire/ -- The National Development Council (NDC) is committed to enhancing Taiwan's global prominence in the startup ecosystem. Building upon the national startup brand "Startup Island TAIWAN," the NDC is further advancing the "NEXT BIG" program. This initiative aims to identify and promote benchmark startups recommended by the startup community and industry leaders,…
KKR leads $190M Series C round in South Korean online fashion platform MUSINSA
MUSINSA, an online fashion platform in South Korea, has raised $190 million in Series C fundraise led by KKR, a global investment firm.
MUSINSA said in a statement on Tuesday the round also saw participation from Wellington Management, one of the world’s largest independent investment management firms.
This Series C is the company’s third fundraise and follows its successful KRW 130…
Southeast Asia’s consumer-focused fund First Move to invest 15 to 20 companies this year [Q&A]
Former Fave executives Joel Neoh and Audra Pakalnyte have launched First Move, a founder-led early-stage fund early July, in a bid to empower consumer-focused startups across Southeast Asia.
The fund provides vital pre-seed funding of up to $100,000, and has a current portfolio of seven companies spanning Singapore, Malaysia, and Indonesia, according to its statement then. Amongst its first…
Alibaba injects $845M into Southeast Asia unit Lazada- report
China-based e-commerce giant Alibaba Group Holding Ltd has injected $845 million into Lazada, its online retail business based in Southeast Asia, Bloomberg reported on Thursday.
The capital infusion, disclosed in a regulatory filing in Singapore on Wednesday, brings the total that Alibaba has invested in the arm to several billion dollars since it gained control over the business in 2016, the…
LINE MAN Wongnai acquires Thai POS startup FoodStory
Thailand-based e-Commerce platform LINE MAN Wongnai said Thursday it has reached an agreement to acquire FoodStory, a Thai startup specializing in restaurant point-of-sales (POS) systems, in order to expand its merchant solutions business to every restaurant segment in Thailand.
LINE MAN Wongnai said in a statement that the acquisition will expand its restaurant management system, including…
ICZOOM Group Inc. Released 2023 Interim Financial Results
-The company sustained positive net income for the six months ended December 31, 2022 -
HONG KONG, July 20, 2023 /PRNewswire/ -- ICZOOM Group Inc. (Nasdaq: IZM) (the "Company" or "ICZOOM"), a B2B electronic component products e-commerce platform, with its financial year ends on June 30 annually, has released its interim unaudited consolidated financial statements for the six months ended December…
Automated Storage & Retrieval System Revenues to Surpass US$15 Billion by 2030 as Supply Chains Aim to Resolve Exposed Weaknesses
Continued operational constraints and macroeconomic headwinds fuel wider adoption in warehouse automation, labor optimization, and software investment
NEW YORK, July 18, 2023 /PRNewswire/ -- Investment in warehouse automation and management systems continues to rise as supply chains look to resolve exposed weaknesses and create greater resilience to macroeconomic headwinds. According to global…
Matahari Updates and Optimises its DC Network with Manhattan Associates WMS
SINGAPORE, July 18, 2023 /PRNewswire/ -- Manhattan Associates Inc. (NASDAQ: MANH) announced today that it had worked with leading Indonesian retailer, Matahari, to modernise its distribution centre (DC) network with Manhattan Associates' market-leading WMS technology.
Grocery store
Matahari Putra Prima Tbk (MPPA) Retail Group is one of the largest retailers in Indonesia, and the country's…
JISULIFE Celebrates World’s No.1 Portable Fan Brand
NEW YORK, July 17, 2023 /PRNewswire/ -- JISULIFE, the world leading portable fan brand, proudly announced today that the they got the position of world's No.1 portable fan brand in terms of global sales revenue in 2022 and their proportion of sales from portable fans exceeds 50% of the brand's overall sales revenue. This achievement strengthens JISULIFE's position as the world's leading portable…
Dreame Technology to Launch Its First Robotic Pool Cleaners this September in North American Market
SAN FRANCISCO, July 17, 2023 /PRNewswire/ -- Dreametech Technology, a fast-growing technology company and leading manufacturer of home cleaning appliances, announced the launch of their new product line, Robotic Pool Cleaner. Dreame Technology will launch two robotic pool cleaner products, targeting the mid-to-high end market. Dreame Technology has already initiated formal mass production of the…