Vietnam’s Loship raises $12M in pre-Series C funding led by BAce Capital, Sun Hung Kai & Co
Vietnam one-hour delivery e-commerce startup Loship announced on Wednesday a $12 million pre-Series C funding round co-led by Ant Group-backed venture capital firm BAce Capital and the direct investment unit of Sun Hung Kai & Co Ltd (SHK & Co), an alternative investment company listed in Hong Kong.
Other investors participating in the round include MetaPlanet Holdings, a Skype…
BigPay banks on AirAsia’s ecosystem, consortium’s banking expertise to vie for digital banking license in Malaysia [Q&A]
Editor’s note: This interview is part of a Q&A series with some of the contenders vying for a digital banking license in Malaysia.
Malaysia’s central bank Bank Negara Malaysia announced last month it has received 29 applications for digital banking licenses.
A diverse range of parties has submitted applications for the digital bank license, ranging from banks, industry…
Consumers are spending with overseas retailers more now than ever
2020 was the year of the pandemic, and undoubtedly, the year of e-commerce. With the mobility restrictions, people were spending more time at home and turning to the Internet to meet more of their daily needs. The result of this massive digital adoption was the exponential growth of the Southeast Asia e-commerce market, which hit $62 billion last year, and is expected to continue in its growth…
Airwallex founders launch new venture capital fund Capital 49, aims to raise $200M
Global payments platform Airwallex announced on Thursday it plans to establish Capital 49, a new venture capital fund set up by Airwallex founders, that will invest into early-stage, high-growth technology-enabled companies powered by Airwallex’s infrastructure.
The new fund aims to raise $200 million through the Airwallex founders and other investors, the company said in a statement.
It…
Malaysia’s iStore iSend bags investment from Japan’s logistics giant Yamato Holdings
Malaysia homegrown e-fulfillment service company iStore iSend has announced that it has received a seven-figure investment from Kuroneko Innovation Fund, a corporate venture capital firm owned by Japanese logistics giant Yamato Holdings.
The fund will be used for iStore iSend’s talent acquisition and improving its proprietary system to help the company in its plan for cross-border expansion,…
Where are we headed in this brave new world? Here’s a look into BCE (Before COVID Era) and CE (COVID Era)
We are close to 1.5 years into living with COVID-19, reacting to its multiple variants (alpha, beta, gamma, delta).
The shifts in and out of lockdown across the world have been, at the very least, frustrating to individuals, communities, and businesses. But the whole point is probably for the global population to be able to toggle smoothly and efficiently between the two states - lockdown and…
Service-as-a-solution applications enhance collaboration, productivity, and go-to-market agility, says Cloud4C Founder Sridhar Pinnapureddy [Q&A]
Today's business environment involves increased digitalization, especially with how the pandemic has accelerated digital transformation across industries. For businesses that have transitioned to remote offices or hybrid work arrangements, the availability of commoditized services provides faster and easier access to tools that will otherwise be costly if done through on-premises infrastructure.…
How well do you know Asia’s surging live streaming commerce market?
Asia is arguably leading the world when it comes to live selling or live streaming e-commerce. The COVID-19 pandemic has made this even clearer. During the lockdowns imposed to curb the spread of the pandemic, many have turned to selling things through live video streaming particularly via Facebook.
But why are businesses or individual entrepreneurs turning to live selling? Does it really help…
Tale of the (used car) tape: Putting Carsome and Carro head-to-head
Carsome vs Carro: Who wins Southeast Asia’s used car fight?
Carsome’s planned merger with iCarAsia makes it Malaysia’s first unicorn -- just a month after its closest competitor, Singapore’s Carro passed the $1 billion mark.
Both used car innovators share many similarities -- from the year they were founded (2015) to their geographic reach across Southeast Asia. But with Carsome now…
Top product managers in Southeast Asia share tips and best practices for budding PMs
Product experts share actionable insights from their years of product management. Find useful tips on different ways to structure a product team within an organization, communication amongst different stakeholders, and hiring PMs. Practical advice on beta testing and prioritization strategies will also be covered towards the end of this piece so do read to the end to absorb the learnings from top…