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…
Talkwalker’s Benjamin Soubies on how AI-enabled consumer intelligence is making a difference in customer engagement [Q&A]
Data is the new currency, as the World Economic Forum acknowledged nearly a decade ago. That in itself is not a new concept altogether. As early as 2006, mathematician and marketing expert Clive Humby said "data is the new oil." However, much like oil, data in itself is valuable, but cannot be useful until it is processed and refined. The same is true today. Amid all the data points from…
J&T Express partners Foodpanda to provide next-day deliveries in Singapore
Indonesian logistics firm J&T Express has established strategic partnership with Singaporean food delivery platform Foodpanda to provide next-day deliveries for foodpanda shops in Singapore.
With this partnership, over 20 merchants such as Unilever, Philips, ASUS, MAKE UP STORE and TC Acoustics will now have the option to offer next-day delivery fulfilled by J&T Express, with plans to…
Choco Up launches Choco Payment powered by Stripe to supercharge growth for digital merchants
Choco Up, a global technology and financial services platform offering revenue-based financing for digital merchants and startups, announced on Thursday the launch of Choco Payment. Embedded with Choco Up's flagship underwriting capabilities and powered by global financial infrastructure platform Stripe, Choco Payment is an integrated payment solution that provides revenue-based financing of up…