Molecular Data Inc. Receives NASDAQ Notification
SHANGHAI, June 25, 2022 /PRNewswire/ -- Molecular Data, Inc. ("Molecular Data" or the "Company") (NASDAQ: MKD), a technology-driven platform in China, announced that it had received a letter from The Nasdaq Stock Market LLC ("Nasdaq"), notifying the Company that to date, it has not regained compliance with the Rule 5250(c)(1).
Since the Company is already before a Hearings Panel for its failure…
Vietnam’s OnPoint closes $50M Series B funding led by Temasek’s fund
OnPoint, a Vietnam-based e-commerce enabler, announced Friday it has raised $50 million Series B funding led by SeaTown Private Capital Master Fund, a fund managed by SeaTown Holdings International (SeaTown), an indirect wholly owned subsidiary of Temasek Holdings.
OnPoint said in a statement that SeaTown’s investment will be the largest private investment in the Southeast Asia (SEA)…
Indonesia’s Gojek says ‘no current plans’ to enter Malaysia
Indonesia-based ride-hailing giant Gojek said its services are not available in Malaysia and it has no current plans to enter the market.
“Gojek is not currently available in Malaysia and we have no current plans to enter the market,” a Gojek spokesperson told TechNode Global in an email. "The vehicle spotted was being filmed as part of an upcoming campaign that consumers in our existing…
Ethis Group and Gobi Partners to debut Shariah-compliant $20M seed fund
Malaysian ethical investment and social finance platform operator Ethis Group, has on Thursday launched EthisX as part of its global expansion plan, continues to trail blaze by collaborating with pan-Asian venture capital firm, Gobi Partners, to structure and set up a $20 million Shariah-compliant seed fund.
The fund, which is targeted to have its first closing by the end of this year, is…
Jeff Li, the Founder of Shoplazza was Named 40 under 40 for 2022 by Fortune China
TORONTO, June 23, 2022 /PRNewswire/ -- Fortune (Chinese Edition), one of the most influential business magazines, released the "40 Under 40" list for 2022. Jeff Li, the Founder and CEO of Shoplazza, is listed alongside Yiming Zhang, the Founder of ByteDance, Chris Xu, the Founder and CEO of SHEIN, and David Qian, the Vice-chairman of Ecovacs Group, and other entrepreneurs.
"40 Under 40" by…
Hong Kong’s SleekFlow bags $8M Series A funding led by Tiger Global
Following its seven-figure pre-Series A funding round last year, Alibaba Entrepreneur Fund-backed software as a service (SaaS) omnichannel social commerce platform SleekFlow announced Thursday the completion of its $8 million Series A funding round, led by New York-based investment firm Tiger Global Partners.
SleekFlow said in a statement that the fresh injection of funds will be channeled to…
LightInTheBox Reports First Quarter 2022 Financial Results
SHANGHAI, June 23, 2022 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), a cross-border e-commerce platform that delivers products directly to consumers around the world, today announced its unaudited financial results for the first quarter ended March 31, 2022.
First Quarter 2022 Financial Highlights
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RPG Commerce raises $29M in Series B funding round led by East Ventures
RPG Commerce, South East Asia’s leading Direct-To-Consumer (DTC) social e-commerce company, has secured $29 million in a Series B funding round led by East Ventures, UOB Venture Management, Vertex Ventures SE Asia & India (VVSEAI), and RHL Ventures. VVSEAI previously led RPG Commerce’s Series A funding and has continued to invest in this current round.
The funds raised will be channeled into…
Indonesia’s Desty bags funding in Square Peg led round
Desty, an Indonesia-based startup building a full stack e-commerce solution for merchants, announced Thursday it has raised a new round of funding led by Square Peg.
This is in addition to funds raised from a Pan Asia investor base last year, including East Ventures, Jungle Ventures and 5Y Capital and other prominent angel investors in the region, Desty said in a statement.
It said it…
Airasia Super App launches closed-loop e-wallet platform
The airasia Super App announced Friday a brand new feature, the airasia pocket which is a closed-loop electronic wallet (e-wallet) within the super app that enables users to reload and make payments for all the products and services on the app while being rewarded at the same time.
Airasia Super App said in a statement that airasia pocket users will be able to earn airasia points upon…