Breakeven is near for Malaysian unicorn Carsome, says CEO Eric Cheng

Editor’s note: TechNode Global’s signature Southeast Asia-focused tech event, ORIGIN Conference, will be held on May 11 as one of the BEYOND Week events in Macao. Join us if you wish to learn more about tech unicorns and the startup scene in Southeast Asia. Malaysia-headquartered used car e-commerce platform Carsome is confident to break even this year, supported by its consistent growth…

UOB partners Lazada for enhanced payments and financial services in Southeast Asia

Singaporean multinational banking group United Overseas Bank Limited (UOB) and international e-commerce company Lazada Group have entered a Memorandum of Understanding (MOU) to collaborate on retail products and banking solutions in Southeast Asia. UOB said in statement on Monday that the partnership is for their combined customer base in five key Southeast Asian markets, namely Singapore,…

New Oriental Announces Results for the Third Fiscal Quarter Ended February 28, 2023

BEIJING, April 19, 2023 /PRNewswire/ -- New Oriental Education & Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU/ 9901.SEHK), a provider of private educational services in China, today announced its unaudited financial results for the third fiscal quarter ended February 28, 2023, which is the third quarter of New Oriental's fiscal year 2023. Financial Highlights for the…

New Oriental Announces Results for the Third Fiscal Quarter Ended February 28, 2023

Global Sources and MU Group Enter RMB 100 million Strategic Cooperation Agreement

HONG KONG, April 19, 2023 /PRNewswire/ -- Global Sources and MU Group have signed a strategic cooperation framework agreement with a total value of RMB 100 million onsite at Global Sources' Hong Kong trade shows on April 18, 2023. The agreement was witnessed by Mr. Hu Wei, Chief Executive Officer of Global Sources, and Mr. Tang Yihu, Chairman and President of MU Group. Ms. Carol Lau, Senior Vice…

Tokio Marine, Finology, KirimMan partner to offer insurance to gig economy workers in Malaysia

Tokio Marine Insurans (Malaysia) Berhad (Tokio Marine), a subsidiary of Japan-based insurance firm Tokio Marine Holdings Inc., has partnered with Malaysia-based logistic solution KirimMan and Malaysia-based fintech company Finology, to offer affordable insurance products for gig economy workers in Malaysia, with a focus on delivery riders. Finology said in a statement that the new product,…

Leju Files Its Annual Report on Form 20-F

BEIJING, April 18, 2023 /PRNewswire/ -- Leju Holdings Limited ("Leju" or the "Company") (NYSE: LEJU), a leading e-commerce and online media platform for real estate and home furnishing industries in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2022 with the Securities and Exchange Commission on April 18, 2023. The Annual Report on Form…

Global Sources Exhibitions in Hong Kong: Phase 2 Grand Opening

HONG KONG, April 18, 2023 /PRNewswire/ -- Global Sources Exhibitions in Hong Kong Phase 2 kicks off today until April 21 at AsiaWorld-Expo, with all 10 halls open. The all-in-one event includes Global Sources Mobile Electronics, Global Sources Smart Home & Appliances, Global Sources Lifestyle x Fashion, and Global Sources Home & Kitchen, featuring over 4,000 booths and more than 150,000…

Cainiao Vietnam pledges to enhance supply chain in Vietnam with its premium warehousing facilities

HO CHI MINH CITY, Vietnam, April 18, 2023 /PRNewswire/ -- With the launch of premium warehouse facilities in strategic locations, Cainiao Vietnam, a subsidiary of Cainiao Network, the logistics arm of Alibaba Group, is meaningfully contributing to the development of the logistics sector in Vietnam. It also aims to serve the needs of Vietnam-based businesses to optimize their supply chain, boost…