Lazada is leading the ecommerce race in Southeast Asia by generated the most number of monthly active users (MAUs) as of Q1 2019, placing the company first in the Philippines, Thailand, Singapore, and Malaysia, as well as the second and fourth place in Vietnam and Indonesia, respectively.
Meanwhile, Sea-backed Shopee is following closely on its heels, coming out ahead of Lazada in Indonesia and occupied the first place in Vietnam. Local player Tokopedia, which also backed by Alibaba, is leading the rank in Indonesia.
Singapore-based 7.5 Degree (7点5度) announced that it has secured an undisclosed amount of seed funding from East Ventures, an early-stage venture fund in Southeast Asia.
7.5 Degree is a Chinese-language media with the mission to be the go-to platform for exploring information about the new economy in the Southeast Asia, targeting people in China who are interested in the region but hindered by language differences.
In addition to news and market insights, the company also provide other services to bridge the gap between the two regions including Invmall, a new service intended to promote the interactions between Southeast Asian and Chinese tech-players, and regularly organized “SEA-Commerce Summits” in places such as Singapore, Beijing, Ho Chi Minh, Bangkok, and Jakarta.