Malaysia to See $5.4 Billion Worth of Digital Export by 2030

Written by: admin on April 10, 2019

Absence of Digital Trade Barrier Propels Malaysia's Digital Export to Soar to 5.4 Billion by 2030

Malaysia has been very active in the adoption of Malaysia Digital Economy Corporation and the works done by the country on the digital economy has been very encouraging, reports AphaBeta Singapore. The economic consultant predicts that Malaysia’s digital export value will reach $5.4 billion by 2030 from the current $7.5 million.

In addition to the government’s effort, it was also the result of the absence of digital trade barrier. Digital trade enables Malaysian firms to reduce the cost of storing data, improves business practices, generates richer business insights and enters new markets while facilitating more efficient management of global supply chains.

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Shiseido and Watson Collaborates to Launch Exclusive Skincare Brand D Program

In response to a 24% growth in the derma skincare category in Asia since 2014, Shiseido and Watsons join hands to co-create an exclusive derma skincare range under the “D Program” brand. The line has been successfully launched in Thailand and Taiwan and soon to be launched at Watsons stores in other Asian markets.

Shiseido brings its expertise in R&D and skincare innovation to the table while using Watson’s extensive distribution network and customer insights of the derma cosmetics category.

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ShopBack Receives $45 Million in Rakuten Capital and EV Growth Led Funding Round

The new fund will be used to speed up growth in its key markets, simplify the shopping experience on ShopBack’s platform, and improve its personalization and analytics capabilities. To date, the online cashback platform has total funding of $83 million.

ShopBack said it handled close to US$1 billion in sales for more than 2,000 merchant partners in 2018. It also saw 2.5 million monthly transactions from more than 7 million users across Asia Pacific.

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Singapore-based Female Marketing Firm Clozette Scores $10 Million in Series C to Scale Platform and Expand to Thailand

Women-targeted social content network from Singapore bags $10 million from Cool Japan fund, under the Ministry of Economy, Trade and Industry of Japan, in the Series C round of funding.  Clozette will use most of the funds raised to scale its data-driven content and analytics platform and expand into new markets starting with Thailand.

Clozette currently has more than 3,500 creators and talents with a collective social reach that exceeds 600 million. The community has served content for more than 300 brands and media agencies including Estee Lauder, Shiseido, Amore Pacific, Zalora, Charles & Keith, Procter & Gamble, among others.

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SoftBank's Vision Fund Leads $225 Million Funding Round of Travel App Klook

Hong Kong-based online travel startup Klook receives a total of $225 million investment in the round that was led by SoftBank. Existing investors Sequoia China, Matrix Partners, TCV and OurCrowd also participated in the round.

The proceeds of the funding to expand in Asian markets. One key focus is Japan, where it said it “will deepen its investments ahead of the 2020 Summer Olympics in Tokyo” by targeting both foreign and Japanese tourists.

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