Sea’s revenue rises 36.9 percent year on year to $5B in fourth quarter on strong e-commerce
Sea Limited, the tech conglomerate headquartered in Singapore, announced Wednesday that its revenue for the fourth quarter ended December 31, 2024, jumped 36.9 percent year on year to $5 billion on strong e-commerce growth.
The firm said in a statement that its revenue for e-commerce segment during quarter was $3.7 billion, up 41.3 percent year-on-year.
Digital financial services' revenue…
MDJM Announces the Launch of Its E-Commerce Platform
LETHAM, Scotland, March 4, 2025 /PRNewswire/ -- MDJM LTD (Nasdaq: UOKA) (the "Company" or "MDJM"), an integrated global culture-driven asset management company, today announced the launch of its e-commerce platform, managed by MD Local Global Limited, a wholly owned subsidiary of MDJM LTD in the United Kingdom, now live at www.uokaus.com. Designed to integrate commerce with cultural heritage, the…
Hong Kong Pharma Digital Technology Holdings Limited Partners with Leading Chinese E-commerce Platform to Enhance Cross-Border Logistics Services
NEW YORK, Feb. 20, 2025 /PRNewswire/ -- Hong Kong Pharma Digital Technology Holdings Limited has recently signed a cooperation agreement with a leading technology-driven e-commerce platform serving hundreds of millions of consumers. This partnership aims to revolutionize cross-border logistics services and enhance the overall customer experience.
Hong Kong Pharma Digital Technology Holdings…
NAVER D2SF Invests in “STUDIO LAB,” an AI-Powered E-Commerce Content Generation Startup
Leveraging multimodal AI to create high-quality product detail pages for e-commerce—completing texts, images, and layouts in 15–30 seconds
Secured partnerships with over 30 fashion companies and platforms, expanding into the North American and Japanese markets
NAVER D2SF, "Actively seeking and investing in startups that can collaborate with NAVER"
SEOUL, South Korea, Feb. 15, 2025 /PRNewswire/…
EBANX: E-commerce boosts consumer spending in Southeast Asia and India, outpacing other emerging markets
With a 122% increase over the next decade, consumer spending in this Asian region is expected to grow more than in Latin America and Africa, according to EBANX's Beyond Borders 2025 study. E-commerce to accelerate at 14% per year by 2027
CURITIBA, Brazil, Feb. 4, 2025 /PRNewswire/ -- Consumer spending in Southeast Asia and India is projected to increase by 122% over the next decade, outpacing…
E-commerce platform Shopee partners Malaysia’s Takaful IKHLAS to offer Shariah-compliant motor insurance
Singapore-headquartered digital payments and financial services provider SeaMoney, has partnered with Takaful Ikhlas General Bhd (Takaful IKHLAS) to offer Motor Takaful protection on the Shopee app.
The latest addition to Shopee’s growing suite of digital insurance and takaful offerings, IKHLAS Private Car Comprehensive Plus Takaful, aims to provide holistic, Shariah-compliant motor takaful…
Indonesia e-commerce firm Bukalapak to stop selling physical goods – report
Indonesian e-commerce firm Bukalapak said on Tuesday that it would stop selling physical items on its marketplace soon, Reuters reported.
The announcement came amid tough competition from TikTok's Tokopedia and Sea Ltd's Shopee in Southeast Asia's largest economy.
Bukalapak, which went public in 2021, said in a statement that it later would only sell virtual products ranging from mobile…
Vietnam’s OnPoint acquires Thailand’s CREA to strengthen e-commerce leadership in Southeast Asia
OnPoint, a Vietnam-based E-commerce enabler, has on Wednesday officially announced its acquisition of CREA, a Thailand-based e-commerce enabler, to strengthen its e-commerce leadership in Southeast Asia.
OnPoint said in a statement that this strategic partnership combines two industry powerhouses, creating a best-in-class ecosystem of solutions that will help global and regional brands thrive…
Maybank expects e-commerce/on-demand services growth for Singapore internet firms to be sustained over the medium term
Maybank Investment Bank said Monday that it expects core e-commerce/on-demand services growth of internet companies in Singapore to be sustained over the medium term owing to under-penetration.
The research house said in a note that it thinks fintech growth could lead, piggybacking on core services as well as from the low base effect.
"As an ecosystem play, fintech cash burn could be lower…
How To Start an E-Commerce Business Using AI
The future of business is here, and it's powered by artificial intelligence.
BRISBANE, Australia, Dec. 14, 2024 /PRNewswire/ -- Click Start Digital, a leader in e-commerce business solutions, has launched its new AI-Integrated Training Platform, designed to help entrepreneurs start and scale their online businesses with ease. This upgrade enhances its renowned training programs by integrating AI…