Entries by Rara Kinasih

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Philippines Smartphone Market Is Fastest Growing In Southeast Asia

The International Data Corporation (IDC) announced that Philippines’ smartphone market is experiencing the fastest growth in Southeast Asia for Q1.  The country saw a 20% year-on-year growth in smartphone penetration and 3.5 million smartphones in total were shipped to stores in the Philippines since the beginning of 2016. Philippines’ smartphone growth is largely due to strong support […]

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Amazon to Invest $600M in Indonesia

According to Daniel Tumiwa, the Chairman of the Ecommerce Association of Indonesia (IDEA), Amazon is coming to Indonesia with $600 million US (Kompas). Tumiwa did not know exactly when Amazon would begin operations in Indonesia but said that the company’s first rumored entry into the region would probably follow the same pattern in other large countries. […]

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Carro, E-Marketplace for Buying and Selling Cars, Raises $5.3M Series A

Carro raises funding of $5.3 million for its online marketplace for buying and selling cars. The Singapore-based platform will use the Series A to expand in Southeast Asia. The company launched only in November 2015 and has welcomed ten different investors from across Indonesia, Singapore, Japan and China. There are plenty of classifieds that help car owners sell their vehicles online, but Carro aims […]

The Future of Telcos in Southeast Asia

The future of telcos in Southeast Asia will be impacted by a strong de-concentration process says the experts on stage at Echelon Asia 2016. Ecommerce ventures can reap most of the benefits from this process as long as they are able to leverage new technologies to build innovative telco solutions for the region. It is way more than launching […]

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Alibaba to Buy 20% Stake in Thailand Ascend Money

Alibaba Group Holding Ltd.’s financial affiliate is planning to purchase a 20 percent stake in Thailand’s Ascend Money in a bid to seize Southeast Asia fintech opportunity. Investment in fintech startups in Asia reached US$797 million in 2014. An investment into Ascend Money, parent of True Money and Ascend Nano, would help Ant Financial expand its online […]

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Ensogo Halts Share Trading Until June 21

Ensogo, the struggling daily deals ecommerce company, saw today its trading suspended on the Australian Securities Exchange (ASX) pending an announcement. Formerly known as iBuy and founded by entrepreneur Patrick Grove, Ensogo owns a network of ecommerce websites in Hong Kong, Singapore, Malaysia, the Philippines, Indonesia, and Thailand. The company has been experiencing a decline in share price […]