Singaporean sneaker marketplace Novelship partners with TripleA to pay sellers in crypto

Novelship, a Singapore-based marketplace for limited-edition sneakers, streetwear, and collectibles, announced Monday the launch of its crypto payout feature. In partnership with TripleA, a crypto payment gateway licensed by the Monetary Authority of Singapore (MAS), sellers on Novelship can now opt to be paid with cryptocurrencies, Novelship said in a statement. According to the…

Society Pass launches universal, open-loop loyalty application targeted at the ‘Digital First’ Southeast Asia Region

Southeast Asia data-driven loyalty and e-commerce ecosystem Society Pass Incorporated (SoPa) (Nasdaq: SOPA) announced on Monday the launch of the beta version of its universal, open-loop loyalty application, Society Pass, to earn and redeem loyalty points, Society Points, endeavoring to create permanent customer loyalty and replace cash discounting while generating additional revenues for…

South Korea’s Klaytn partners with US’s OpenSea to spur growth in Asia

South Korea-based metaverse blockchain ecosystem Klaytn Foundation has joined forces with United States-based marketplace for non-fungible tokens (NFTs) OpenSea, to invest in the Asian NFT ecosystem. Klaytn said in a statement the partnership, which was announced at NFT.NYC, is the first-of-its-kind dedicated to accelerating the growth and adoption of NFTs in Asia. NFTs, which are unique…

Molecular Data Inc. Receives NASDAQ Notification

SHANGHAI, June 25, 2022 /PRNewswire/ -- Molecular Data, Inc. ("Molecular Data" or the "Company") (NASDAQ: MKD), a technology-driven platform in China, announced that it had received a letter from The Nasdaq Stock Market LLC ("Nasdaq"), notifying the Company that to date, it has not regained compliance with the Rule 5250(c)(1). Since the Company is already before a Hearings Panel for its failure…

Vietnam’s OnPoint closes $50M Series B funding led by Temasek’s fund

OnPoint, a Vietnam-based e-commerce enabler, announced Friday it has raised $50 million Series B funding led by SeaTown Private Capital Master Fund, a fund managed by SeaTown Holdings International (SeaTown), an indirect wholly owned subsidiary of Temasek Holdings. OnPoint said in a statement that SeaTown’s investment will be the largest private investment in the Southeast Asia (SEA)…

Indonesia’s Gojek says ‘no current plans’ to enter Malaysia

Indonesia-based ride-hailing giant Gojek said its services are not available in Malaysia and it has no current plans to enter the market. “Gojek is not currently available in Malaysia and we have no current plans to enter the market,” a Gojek spokesperson told TechNode Global in an email. "The vehicle spotted was being filmed as part of an upcoming campaign that consumers in our existing…

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 Three Months Ended March 31, March 31,…