The leading ecommerce marketplace in Southeast Asia has announced that it will implement the zero commission initiative with sellers in Singapore. This means that Lazada would be canceling the commission fee of 1-7% per sale, depending on the product category.
The move is aimed at boosting profitability for small vendors and lowering prices for consumers in Singapore. While the company will not charge sellers any commission for the “first three years”, it is open to renewing this initiative.
Lazada Collaborates with MAC to Host its First Ever Super Brand Day, In Conjunction with National Lipstick Day
Taking place in Singapore, Malaysia, Thailand and the Philippines, Lazada has teamed up with international cosmetics brand MAC to organize a 24-hour shopping festival dubbed Super Brand Day.
The event was also held in conjunction with National Lipstick Day, allowing shoppers to purchase the exclusive MAC x Lazada products. Held on 29th July, the event has reported sild more lipsticks in the past six months.
Grab is rumored to announce a roughly $2 billion round of fundraising. The potential investment will provide Grab with the ability to fend off competitors and maintain its regional position.
The round includes a previously announced $1 billion investment by Japanese car maker Toyota Motor. The latest infusion would value the Singapore-based company at $11 billion, one of the people familiar with the matter said.
Google has announced it will set up a third data center in Singapore in order to expand its Google Cloud Platform (GCP) capabilities in Southeast Asia. It has begun construction on the third facility located in Jurong West “just down the road” from its first two centers.
Under this construction, Google will add another $350 million to its investment in Singapore. Google Cloud Platform’s extensive and varied clientele include major corporations like Singapore Airlines, as well as startups, including Ninjavan, WEGO, GO-JEK, and Carousell.
Chinese online retailer JD has launched an unmanned store in Indonesia, the first of its kind in the Southeast Asian country and the first unmanned store outside of China. Known as JD.ID X-Mart, it is the largest store to integrate JD’s unmanned store technology to date.
The Jakarta branch lets customers pick up an item, scan and pay for it via the JD app. In-store cameras help track customer traffic, which turns into data that JD can use to optimize inventory and make product recommendations.
Musical.ly, the short video app that’s popular among teens and young people, is merging with online video streaming service TikTok as China’s ByteDance aims to consolidate its audiences on both apps.
Although both apps were developed in China, Musical.ly became a sensation among teenagers in the Americas and Europe, while TikTok took off among youth in Asia. Supporting one platform will allow the company to expand our on-the-ground presence more quickly and easily – building local teams to support each market.