Busy weekend? Don’t worry, here’s the weekend re-cap of headlines you should know.
1. Google and Temasek Report: By 2025, Indonesia will dominate 52% of all ecommerce activity in Southeast Asia
Google and Temasek released an Indonesia specific report last week, following their Southeast Asian report that came out in May. The report is optimistic about the growth of ecommerce in Indonesia, including the country’s internet adoption and opportunities of ecommerce. Read the rest of the story here.
2. China Post launches WeChat account
Following the announcement of China Post and Tencent’s strategic alliance, the postal giant has release a statement regarding its official WeChat account which will offer customers mail and ecommerce services. Read the rest of the story here.
3. Fynd is the Uber for gadget repairs, raised $385,000 in pre-series A funding round
The funding was led by Far East Ventures, the venture capital arm of Singaporean property developer Far East Organization. The startup will use this funding to grow its services in Southeast Asia. Currently, it is available in Singapore and Hong Kong, with plans to launch in Jakarta this year. Read the rest of the story here.
4. Global ecommerce logistics market will be worth $781 billion by 2024
A key factor to growth acceleration is the rise of cross-border ecommerce and low-cost cargo options. FedEx and DHL International currently lead the global ecommerce logistics market. Read the rest of the story here.
5. Amazon sends Chinese email to suspended US sellers
In midst of major ecommerce counterfeit issues in the last few months, Amazon has increased efforts to openly court Chinese manufacturers, resulting in a string of bizarre emails being sent to sellers. Read the rest of the story here.
6. HappyFresh Exits Philippines and Taiwan, Raises an undisclosed series B funding round
It will “concentrate” on its three other markets: Indonesia, Malaysia and Thailand Southeast Asia as it aims to become a sustainable business. Read the rest of the story here.