Webinar: Cashing in on Thailand’s digital economy, on August 26 2020
Tech Insights Series (Go-Global special): Cashing in on Thailand's digital economy
DETAILS:
About this Event:
Thailand, Southeast Asia's second-largest economy is an attractive market for startups. Opportunities abound for tech companies with the launch of the Thailand 4.0 initiative transforming the country towards a more innovation-driven economy. Thailand has approximately 52…
Indonesia’s Asos-style fashion app Sorabel to shut down
Modeling itself on fast-rising shopping apps like Asos and Boohoo, Indonesia’s Sorabel wanted to bring affordable fashion to shoppers across the archipelago while at the same time challenging giants like H&M and Zara.
But that venture is now at an end, with Sorabel recently sending out an internal memo notifying staff of its impending shutdown and financial liquidation, according to Daily…
‘New retail’ and the tech changing how we shop
What is the future of shopping? The whole concept of how we shop is changing dramatically with the integration of new technologies like augmented and virtual reality, artificial intelligence, connected appliances, and exponential growth in ecommerce volumes. More brick and mortar stores are also stepping up to provide better retail experiences for consumers, exploring the role of “new retail” in…
Lazada gets yet another new CEO
Lazada has a new CEO. If you’ve only just got round to remembering the name of the previous one, Pierre Poignant, you can be forgiven since he was only in the job for about 18 months. And the CEO before that, Lucy Peng, was in the chair for just nine months.
Indeed, this new Lazada CEO, Chun Li, is the third Lazada Group leader since March 2018—that’s when Alibaba started installing its CEO…
Y Combinator graduate Shipper gets series A funding
Shipper, which wants to build a speedy delivery network for online merchants across Indonesia’s thousands of islands, has secured series A funding, it announced today.
It comes a year after the team became one of the few Indonesian startups to ever have graduated from Y Combinator’s prestigious incubator in Silicon Valley. While Shipper is keeping the fresh funding sum a secret, reports…
Webinar: The future of shopping on June 24 2020
Tech Insights Series (Covid-19 special): The future of shopping
DETAILS:
Synopsis:
No industry is left unscathed from the COVID-19 effect, with the retail sector being one of the many industries that have been decimated. Traditional retailers need to remediate the short-term shocks and the lack of in-store sales during this crisis. One way is to digitalise. In addition, as the concept of…
Facebook invests in Gojek
Facebook has invested in Gojek, the social media company has just announced.
Gojek this morning indicated that Paypal also joined in with a new funding round (size unknown), with prior backers Google and Tencent also contributing.
Facebook’s unspecified stake in Southeast Asia’s ride-hailing, payments, food-delivery, and local services app is about “serving small businesses and…
Vietnam’s online spending to triple to $35b by 2025
Vietnam’s government has some bold new predictions for its already fast-growing ecommerce sector, reports Reuters. The nation predicts that, by 2025:
Online spending to hit $35 billion—that’s nearly triple 2019’s expenditure
Half of Vietnam’s 96 million people will be online shoppers
Average of $600 spent per person
Ecommerce will rise to 10% of total retail sales
In 2019, Vietnam’s…
Ex-Lazada exec admits defeat with Vietnam fashion store
Despite raising $12 million and being run by a former Lazada executive, one of Southeast Asia’s most audacious new online shopping startups has filed for bankruptcy.
Leflair aimed itself at Vietnam’s growing middle class with mid-range and luxury fashion items—clothes, jewelry, cosmetics, accessories—sold at discounts in flash sales. It curated items sourced directly from a wide range of…
Ninja Van just got its biggest ever funding round amid online shopping surge
With ecommerce booming during the virus outbreak, Ninja Van has secured $280 million in funding to grow its reach across Southeast Asia, where’s it’s used by businesses of all sizes to ship parcels. The startup’s major clients include Lazada, Shopee, Tokopedia, Watsons, and L’Oreal.
This new investment, its series D, included Grab and Facebook co-founder Eduardo Saverin’s B Capital,…