Here are today’s top news.

1. Malaysia’s GDEx set to ride on region’s booming ecommerce

According to Kenanga Research, the strategically positioned package delivery services company can ride on the rising trend as the e-commerce industry will undergo a period of robust growth in the coming few years. The company saw 70% to as high as 500% growth in B2C delivery in the past three years, with a CAGR (compounded annual growth rate) of 246%.

Read the rest of the story here.

 

2. PaidUp helps Philippine SMEs crowdfund working capital from customers

Launched in November 2015, PaidUp is a mobile app that turns your phone into a prepaid digital wallet, enabling you to find, order and instantly pay for food, drinks and services ahead of time as conveniently as sending a text message.

With a single office in Manila, PaidUp now plans to expand into Singapore and India in 2017.

Read the rest of the story here.

 

3. Recommended Reading: China’s Internet Firms Take Their Fight to Southeast Asia

As Beijing grapples with a slowing economy, the country’s top tech firms are spending aggressively to expand in Southeast Asia, home to 620 million people. The region is becoming an important growth area for Alibaba Group Holding Ltd., Tencent Holdings Ltd., ride-hailing firm Didi Chuxing Technology Co. and e-commerce company JD.com Inc. as they expand in online retail and mobile payments.

Read the rest of the story on The  Wall Street Journal here.

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