Last November, Lazada bought Singapore online grocer Redmart, with the hope that it will help to crack cold storage and expand groceries into the rest of the region.
As the global retailer Toys ‘R’ Us files bankruptcy protection in the US, its businesses in Asia remain unaffected.
Google Indonesia revealed the number of people in the country who shop through online marketplaces has reached about 81 million.
Through its B2C subsidiary Tmall, Alibaba has invested $300 million in China-based ecommerce for fresh food Yiguo.com.
Malaysia’s parliament passed two bills that will legalize the e-hailing services like Grab and Uber in the country.
Delivery Hero’s valuation topped $5 billion after the food delivery firm went public in a listing on the Frankfurt stock exchange
Shopmatic, an ecommerce enabler for small businesses, announced pre-series A funding of US$5.7 million led by Singapore-based VC firm ACP and Spring
21% of retailers around the world are still using catalogs to promote their products and as much as 18% of retailers are still dependent on a call center.
Once completed, the deal would mark the country’s second-largest startup fundraising effort so far in 2017, surpassed only by ride-sharing giant Didi Chuxing’s $5.5 billion round
The startup wants to free small companies on tight budgets from the restraints of unpaid invoices.