Winter is coming, but startups can be prepared with the right tech planning
The remarkable digital and mobile boom of the past decade—which has been even more accelerated by the pandemic—has situated Southeast Asia’s startups on the map for global venture capital. The number of unicorns worth $1 billion or more doubled in 2021 to around 40. Firms such as the Indonesian e-commerce courier J&T, travel website Traveloka, or blockchain gaming factory Sky Mavis have shot…
Sea Ltd’s top management to forgo salaries as firm cuts cost – report
Singapore-headquartered tech firm Sea Ltd.’s top management will forgo their salaries and tighten company expense policies, as the gaming and e-commerce giant tries to shield itself from the economic slowdown, Bloomberg reported on Thursday.
“The leadership team has decided that we will not take any cash compensation until the company reaches self-sufficiency,” Chief Executive Officer Forrest…
Locus Robotics Passes One Billion Units Picked
Leader in Warehouse Robotics First to Attain this Industry Milestone
WILMINGTON, Mass., Sept. 15, 2022 /PRNewswire/ -- Locus Robotics (www.locusrobotics.com), the market leader in autonomous mobile robots (AMR) for fulfillment warehouses, today announced they have surpassed the One Billion units picked milestone. This new achievement was attained just 59 days after Locus registered 900 million…
Japan’s Softbank considers launching third Vision Fund – report
Japan-based tech investor SoftBank Group Corp is said to be considering the launch of a new giant startup fund, the Wall Street Journal reported on Wednesday, quoting people familiar with discussions at the company.
Softbank would likely use its own cash for what would be the third SoftBank Vision Fund if it moves ahead with the plan, the people reportedly said. The size of the new fund…
Boqii Announces Fiscal 2023 First Quarter Unaudited Financial Results
First Quarter Revenues of RMB 315.1 million
First Quarter GMV of RMB 731.5 million
SHANGHAI, Sept. 15, 2022 /PRNewswire/ -- Boqii Holding Limited ("Boqii" or the "Company") (NYSE: BQ), a leading pet-focused platform in China, today announced its unaudited financial results for the first quarter of fiscal year 2023 (the quarter ended June 30, 2022).
Fiscal Q1 2023 Operational and Financial…
Indonesia insurtech PasarPolis partners Shopee for SEA expansion
Indonesia-based insurtech PasarPolis has partnered with e-commerce giant Shopee to provide affordable and accessible insurance for customers across Indonesia, Thailand, and Vietnam.
With expansion plans across Southeast Asia, PasarPolis currently has partnerships with over 50 insurance providers and digital giants including Gojek, IKEA, Xiaomi, and more, PasarPolis said in a statement.…
Nasdaq-listed PDD Sister Company Temu Launches Global Online Marketplace in US
NEW YORK, Sept. 13, 2022 /PRNewswire/ -- Temu announced the grand opening of its global online shopping marketplace, featuring the widest selection of merchandise at hard-to-beat prices.
A screenshot of Temu's homepage advertising sitewide discounts and free shipping and returns
Temu was created with the goal of empowering consumers by giving them access to a broad range of carefully…
Power Commerce Asia & Susu Irfan Expand Market South East Asia in MIHAS 2022.
KUALA LUMPUR, Malaysia, Sept. 13, 2022 /PRNewswire/ -- PT Mitra Semeru Indonesia (Power Commerce Asia) will be exchanging MOU document with World Marketing Work Sdn Bhd (Susu Irfan) to officiate Susu Irfan MY penetration to Indonesian market via collaboration with Power Commerce Asia at MIHAS 2022,Sep 7, 2022
Mr. Azman Ilyas, Head of SEA Regional Expansion from Power Commerce Asia, Indonesia…
Joy Spreader Further Expands Globally with R&D Investment Increasing 55% During First Half of 2022
BEIJING, Sept. 13, 2022 /PRNewswire/ -- On August 31, 2022, Joy Spreader Group Inc. (HKG:6988, "the Group", "Joy Spreader"), a leading marketing technology company listed in Hong Kong, announced its interim results for 2022. The Group's R&D expenses showed a YoY gain of 54.78% to HK$46.28 million during the first half of 2022.
The Group's R&D expenses for international e-commerce business…
FTFT’s Future FinTech Labs Partners with Currencycloud to Launch the Low-Cost Remittance App Tempo
NEW YORK, Sept. 12, 2022 /PRNewswire/ -- Future FinTech Group Inc. (NASDAQ: FTFT) ("hereinafter referred to as "Future FinTech", "FTFT" or "the Company"), a blockchain application technology developer and fintech service provider, announced that Future FinTech Labs ("FTFT Labs"), a wholly subsidiary of the Company, has teamed up with Currency Cloud Inc. ("Currencycloud"), a subsidiary of Visa and…