The startup’s series B comes from Istyle, a Tokyo  fashion company that operates, among other  popular beauty website @cosme in Japan. East Ventures also participated in the round. The terms weren’t disclosed.

1. Indonesia’s cosmetics startup Sociolla raises series B

Istyle plans to expand its business operations to Indonesia through its partnership with Sociolla. Taiwan, Hong Kong, and Thailand will follow later this year.

Read the rest of the story here.

2. Amazon, eBay and Alibaba account for two-thirds of cross-border purchases

The second edition of the International Post Corporation (IPC) cross-border e-commerce shopper survey has confirmed the leading role played by Amazon, eBay and Alibaba.

The IPC survey found that consumer preferences in China differed from other developed markets. Chinese consumers are more likely to shop online than consumers in any other country, said IPC, with 36% shopping online at least once a week.

Read the rest of the story here.

Major changes are coming to luxury with new markets likely to emerge such as cannabis and pets, and new business models such as following products through their lifecycle instead of separating ties after the sale.

Read the rest of the story here

Source link

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

New investment makes LINE MAN Wongnai Thailand’s largest tech startup

LINE MAN Wongnai was established in 2020 from the merger of LINE MAN, Thailand’s No. 1 on-demand assistant app, and Wongnai, a restaurant review platform. The company aims to be the most innovative e-commerce platform for services in Thailand