With $1M seed round, Philippine startup Resellee plans to capitalize on the social commerce trend
Resellee, a social commerce platform launched in the Philippines, looks to replicate the success of China’s Pinduoduo after securing $1 million in seed funding from Singapore-based digital banking platform Mintech Enterprises and Chinese investment firm Hofan Capital, as announced in November 2020. The startup plans to use this investment to build its technology and fund its expansion to other…
Becoming Indonesia’s social commerce leader: Lessons from Pinduoduo
When it comes to social commerce, Pinduoduo is easily one of the first names that come to mind with the pioneering work they did in China, now with 700 million annual active buyers and nearly 100 billion market cap. Pinduoduo came into an e-commerce landscape with already two dominant and established first-wave or traditional eCommerce players and the space was ripe for a new e-commerce…
SWITCH 2020 | Singapore Week of Innovation and Technology is back Dec 7-11
Jointly organized by the Monetary Authority of Singapore, Enterprise Singapore, and IPI Singapore, the Singapore Fintech Festival (SFF) x Singapore Week of Innovation and Technology (SWITCH) returns on Dec. 7-11. This year, the event will be presented in a unique hybrid format, combining a 24-hour online event platform and over 40 global satellite events in Fintech hubs around the world,…
ORIGIN 2020 | Everything you need to know about livestreaming eCommerce
Taobao Live, the e-commerce livestreaming platform, raked in $7.5 billion within 30 minutes of starting presales for 11/11 Singles Day. This phenomenal figure attests to the growing trend of livestreaming e-commerce in China, which is predicted to bring in $125 billion in sales this year. Closer to home, livestream e-commerce has grown to nearly $4 billion in market size in Southeast Asia, said…
ORIGIN 2020 | Building resilience in supply chain and logistics
If you catch yourself checking the location of your shopping orders multiple times a day, you are not alone. In Asia, everyone wants real-time or near real-time visibility across their shipments and inventory, across regions and their business network, said experts at a TechNode Global ORIGIN 2020 conference panel, moderated by Garry Lim, partnerships director at LogiSYM, on Nov. 18.…
ORIGIN 2020 | Cash is king for survival
Cash is king and survival is key for startups, which should focus on maintaining good cash visibility and looking creatively at what levers they can pull to generate cash, according to experts at TechNode Global’s ORIGIN 2020 conference held on Nov. 18.
“Don’t think about growing your market too aggressively as you were pre-pandemic,” Jeff Chi, founding member and vice chairman of Vickers…
Announcing the winners for the ORIGIN Innovation Awards 2020
TechNode Global has announced the winners for the first edition of ORIGIN Innovation Awards. The winners were announced during the ORIGIN Conference, an on-demand conference track about the latest developments in the Asia tech and startup scene within TECHFEST Live x ROAD-TO-WCIT Malaysia 2020.
2020 winners include early-stage startups, venture capital firms, corporates, community…
Announcing the finalists for the ORIGIN Innovation Awards 2020
TechNode Global has announced the finalists for the first edition of ORIGIN Innovation Awards. The ORIGIN Innovation Awards recognizes outstanding startups, corporates, ecosystem enablers, and movers and shakers in Asia who are poised for growth. The awards celebrate the spirit of innovation and entrepreneurship, and also seek to inspire the dreamer in all of us.
Nominations for the…
Scaling in Southeast Asia
E-commerce in Southeast Asia is burgeoning, and is expected to grow fivefold in five years, Jason Tay, regional director of business development at M-DAQ, said during TechNode Global’s fifth Tech Insights webinar on Sept. 30.
The evolution of cross-border trade and a shift to expand beyond the domestic market drove Southeast Asia’s e-commerce market to blossom into a $38 billion market in…
Vietnam’s ‘eBay for motorcycles’ gets big funding
Vietnam is the world’s fourth biggest market for motorcycles, so it’s not surprising there’s a startup that wants to get in on the high-octane action.
OKXE, a marketplace for buying and selling used motorbikes and scooters, has raised $5.5 million in series A funding to be the app for when people need a new set of wheels, reports VnExpress (via Kr-Asia).
Ho Chi Minh City, Vietnam / Photo:…