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e-commerce

A collection of 16 posts

TikTok's Dominating Indonesia's E-Commerce Scene with Tokopedia Deal

The financial commitment from TikTok doesn't stop there; an additional infusion of $1.5 billion in Tokopedia and a Promissory Note valued at $1 billion underpin this groundbreaking deal. The anticipated completion of this transaction is slated for the initial quarter of 2024.

FedEx, eBay New e-commerce Offerings Boost APAC Businesses

FedEx, eBay New e-commerce Offerings Boost APAC Businesses

Singapore, July 7, 2022 — FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and one of the world’s largest express transportation companies, announced a new alliance with eBay, a leading e-commerce marketplace platform for fast-growing and established brands worldwide. eBay sellers in the Asia Pacific region can now sign

This Is How Much Metaverse Could Be Worth by 2030

This Is How Much Metaverse Could Be Worth by 2030

Global spending in the metaverse could reach $5 trillion by 2030, according to a new report from international consulting firm McKinsey & Company. Published yesterday, the 77-page report titled “Value Creation in the Metaverse” analyzed current adoption trends and drew additional insight from two global surveys; one gathered data from

E-commerce merchants get big boost with Choco Up, Shoplazza

E-commerce merchants get big boost with Choco Up, Shoplazza

SINGAPORE – – 23 May 2022 – Choco Up, a global technology and financial services platform offering revenue-based financing and growth solutions for digital merchants and startups, today announced its strategic partnership with Shoplazza, a global leading e-commerce Software as a Service (SaaS) platform. Together, their collaboration will provide quick and accessible business

Register Now for Alibaba's LiveNOW

Register Now for Alibaba's LiveNOW

Kuala Lumpur, 19 May 2022 – Alibaba Group today announced the return of its LiveNOW Training Programme , a CSR initiative dedicated to the Malaysian community. An extension of the inaugural LiveNOW programme in 2020, the 2022 edition will be remodelled to upskill and reskill more Malaysians, including the B40 group and

e-commerce Payment Transactions to Exceed $7.5 Trillion Globally by 2026!

e-commerce Payment Transactions to Exceed $7.5 Trillion Globally by 2026!

BASINGSTOKE, England, Jan 18 (Bernama) — A new study from Juniper Research has found that the value of global eCommerce payment transactions will exceed $7.5 trillion by 2026, from $4.9 trillion in 2021. This growth rate of 55% over the next five years will be driven by retailers offering

Mastercard Economics Institute: 2022 Economic Outlook with a Return to the ‘Experience Economy’

Mastercard Economics Institute: 2022 Economic Outlook with a Return to the ‘Experience Economy’

December 24, 2021: Ahead of the pandemic’s second year milestone, the Mastercard Economics Institute released Economy 2022, a global outlook for the coming year. Based on critical trends, the report reveals how five fundamental factors — savings and spending, supply chains, digital acceleration, travel, and a growing list of economic

Record e-commerce Investments Bounces Internet Economy Back To Life

Record e-commerce Investments Bounces Internet Economy Back To Life

Global investors pumped in a record US$11.5 billion into Southeast Asia’s tech companies in the first half of this year, with the bulk of funds going into e-commerce and the digital financial services sector, according to a new industry report. The number of deals between January and

An Urban Convenience But A Rural Luxury: Empowering Underserved Communities Digitally

An Urban Convenience But A Rural Luxury: Empowering Underserved Communities Digitally

Urban businesses are no strangers to digitalisation. In addition to being tech-savvy, city entrepreneurs are privileged in infrastructures such as delivery platforms and high-speed internet. But while many urban businesses get to eye the latest business trends like buy-now-pay-later or digital wallet, business owners in underdeveloped areas are still struggling

digital economy

Shopee: RM200mn sales for local retailers within first month of PENJANA

KUALA LUMPUR, 3 SEP 2020 – The Ringgit-to-Ringgit voucher funding by Shopee and the Government via Malaysia Digital Economy Corporation (MDEC) for the Short-Term Economic Recovery Plan (PENJANA) Shop Malaysia Online initiative has generated over RM200 million in sales by local retailers and traders on the e-commerce platform as of 31

RM100 free ads credit for 2,000 micro-sellers and SMEs on Carousell

Carousell rolls out a few initial incentives including free Advertising Credits worth RM100 for 2,000 micro-sellers and SMEs. Among the initiatives are attractive seller monetary incentives from various campaigns. The online platform is also giving ‘Buyer Discount Vouchers’ that are subsidised by Carousell and PENJANA for online transactions via

Is the Coronavirus Fuelling the E-commerce Surge in Singapore?

Looking at the first half of 2020, it seems that this could be a pivotal year for the e-commerce sector in Southeast Asia, especially Singapore, possibly due to the coronavirus pandemic. While COVID-19 has caused major disruptions in Singapore, it has brought benefits to many e-commerce players in the country.

Nuffnang Live Commerce enables Group to capitalise on growing industry trend

KUALA LUMPUR, July 24 (Bernama) — Netccentric Limited (NCL) Group advises that as part of a progressive transformation of its existing services-based business model to a platform-centric one, it has entered into a joint venture agreement (Agreement) with Commerce DotAsia Ventures Sdn. Bhd. (Commerce.Asia) and Docono Holdings Sdn. Bhd. (Docono)

Alibaba ushered high growth of e-commerce in Malaysia: Gdex CFO

GD Express (GDEX) chief financial officer Lim Chee Seong in a recent interview with Xinhua said the company’s major shift to e-commerce began several years ago with the collaboration with Xiaomi, a Chinese tech giant, but it was only the arrival of Alibaba that ushered in high growth. Lim

Amazon picks on Asean pockets in new growth strategy

AMAZON has entered into uncharted territories in Southeast Asian and is now in direct competition with Alibaba, Lazada and other brands that have the advantage of local market knowledge. Alibaba has dropped its anchor deep in the region with the building of Malaysia’s digital free trade zone (DFTZ). On

Digital Free Trade Zone

MNC, M3Tech in pact on DTFZ e-Commerce platform

MNC CEO, Christopher Tan Chor HowMNC Wireless Bhd (MNC) and M3 Technologies (Asia) Bhd (M3Tech) have joined forces to develop an integrated payment gateway solutions and an end-to-end logistic support that will operate in the Malaysia Digital Free Trade Zone (DTFZ). The project is a further boost for the DTFZ