Connect with us

Ecommerce

Lazada is betting on logistics to win Southeast Asia

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.

Avatar

Published

on

Grab participated in the latest $15 million financing round of Drive.ai, an autonomous-car tech startup from SV, and will assist it in bringing autonomous vehicles in Singapore.

1. Grab invests in Silicon Valley’s Drive.ai with plans to expand into Singapore 

 

Drive.ai has raised the total of $77 million since it was founded, it recently announced the plan to supply self-driving vehicles for Lyft’s ride-hailing network.

Drive.ai isn’t the first autonomous tech developer to take an interest in Singapore. Grab already has a pilot program there with nuTonomy.

Read the full story here

2. Lazada is betting on logistics to win Southeast Asia

Delivery and partnerships will go on to become Lazada’s competitive advantage to ace the logistics side of the growing ecommerce demand in Southeast Asia.

The marketplace has partnered with numerous companies like Ninjavan and Go-Jek for delivery. It currently has 130 distribution centers and 14 warehouses across the region, with plans to open 6 more.

Lazada claims to be the only one to have an open-network approach combining infrastructure and partners.

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.

Read the full story here

3. Following China, South Korea announced the ban on ICO 

South Korea becomes the second nation in Asia after China to prohibit Initial Coin Offerings (ICOs) in the country due to the potential for financial scams.

Regulations imposed in China have led to Korea representing an increasing portion of global cryptocurrency trading. The value of bitcoin went down 3% within 24 hours after Korea’s announcement.

Regulators across the world, including the US, Singapore, Hong Kong and the UK, have warned companies contemplating an ICO that they may violate securities laws; and the investors to lose money.

Read the full story here

comments

Original content by ecommerceIQ

Continue Reading
Advertisement
Comments

Ecommerce

Alibaba confirms $13bn listing in Hong Kong

Alibaba will offer 500 million shares at a maximum of HK$188 apiece, the company said. The number eight is considered auspicious in China.

Avatar

Published

on

Chinese technology giant Alibaba on Friday confirmed plans to list in Hong Kong in what it called a $13 billion vote of confidence in the turbulent city’s markets and a step forward in its plans to go global.

(more…)

Continue Reading

Ecommerce

E-commerce in ASEAN: Digital technology and players

The 50 most-funded e-commerce start-ups in ASEAN have raised $12.6 billion as of July 2019, with most of the funding raised in the last two years

Avatar

Published

on

E-commerce has been the most dynamic segment of the Internet economy in ASEAN over the past three years. The value of e-commerce rose four-fold, from $5.5 billion in 2015 to more than $23 billion in 2018.

(more…)

Continue Reading

Ecommerce

Southeast Asia’s internet economy hits $100 billion

The two pacesetters in the region are Indonesia and Vietnam, which lead the pack with growth rates in excess of 40% a year.

Avatar

Published

on

The internet economies in Malaysia, Thailand, Singapore and the Philippines are growing by between 20% and 30% annually, with no signs of slowing down, according to Google and Temasek multi-year research program. 

(more…)

Continue Reading

Most Read

Upcoming Events

Fri 24

12th World Congress on Alzheimers Disease & Dementia

January 23 @ 9:00 am - January 24 @ 5:00 pm BMT
Feb 12

Future Energy Asia

February 12 - February 14
BITEC
Bangkok
Feb 19

13th World Congress on Nursing and Health Care

February 19 @ 9:00 am - February 20 @ 5:00 pm BMT
Phuket
Phuket city
Mar 11

Food science conferences

March 11 @ 8:00 am - March 12 @ 5:00 pm BMT
Mar 11

Food science conferences

March 11 @ 9:00 am - March 12 @ 5:00 pm BMT

Press Release

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 12,066 other subscribers

Trending