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Here’s what you should know today. 1. Catcha-backed Frontier Digital injects $3.5m into two online classified sites Frontier Digital Ventures, an operator of online classified businesses backed by Patrick Grove’s Catcha Group, today announced it snapped up…
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Here’s what you should know today. 1. EngageSpark raises funding to reach the world’s offline people through the phone Philippines-headquartered EngageSpark announced today it has raised an undisclosed amount in a funding round led by 500…
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Here’s what you should know today. 1. Singapore’s Vulpes launches Myanmar-focused tech VC fund Singapore-based Vulpes Investment Management Pte Ltd has announced the launch of a Myanmar-focused venture capital (VC) fund to invest in early-stage technology companies. The…
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Here’s what you need to know today. 1. Messaging app Line lost more users, still focusing on key markets Line has told Tech in Asia today that it’s another three million down, dipping to 214 million users…
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Here’s what you should know today. 1. SoftBank nears tech fund closure with $95 Billion in funding Chief Executive Officer Masayoshi Son’s investment pool has attracted interest from Saudi Arabia’s sovereign wealth fund, which said it would consider…
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Mobile payment apps, widely known as mobile wallets, hold digital information about credit and debit cards for making payments, store coupons and loyalty programs. And they’re projected to become a $300 billion industry by 2022 in…
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Here’s what you should know. 1. Omise launches Alipay ewallet payments Online payment platform Omise announced its support for Alipay, China’s largest payment processor. This is another step closer towards creating a borderless online payments market for…
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Here’s what you need to know today. 1. Vietnam’s ‘NextTech’ aims to bring retailers online NextTech is becoming a gateway in Vietnam to digitize traditional business into ecommerce. Small business owners installing the online payment is…
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Here’s what you should know today. 1. 99.co raises $7.9m as Singapore’s online property battle heats up Singapore property portal 99.co has raised US$7.9 million in fresh funding. The round, dubbed “series A-plus” by the startup, was co-led…
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Here’s what you should know before the weekend starts. 1. Thai payments startup Omise to raise funding using digital coins Thai payments startup Omise plans to raise up to US$16 million by allowing investors to use ether, the…
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Here’s what you need to know. 1. Lazada partners with Unilever to capture Southeast Asia’s online retail growth Lazada, has joined hands with Unilever in hopes of grabbing a bigger slice of the region’s online retail market…
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Winding down from work? Here are today’s top stories that you should know 1. LVMH to launch multi-brand ecommerce site for its luxury brands Leading luxury group LVMH plans to launch a website in May that…
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Here’s what you need to know. 1. Lalamove to launch same day delivery service in Bangkok by June Apart from the technology development for the same day delivery service, Lalamove will use the funding to expand its…
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Thailand’s robust mobile payment landscape has given rise to convenient payment methods that range from mobile payments via one of Thailand’s leading mobile networks, AIS’s mPay to top-up kiosks scattered around public transport platforms and 7-Eleven. Despite…
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Here’s what you need to know today. 1. Fintech startup LatiPay raises funding to expand to Singapore & US What is LatiPay? Auckland based LatiPay allows Chinese consumers to pay for goods and services using Yuan whilst…
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Jack Ma, founder and executive chairman of Alibaba Group, participated in the World Economic Forum Annual Meeting held on January 17-20 at Davos, Switzerland where he shared his insights on the future of online trade and globalization. Key…
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Before you head out to start your weekend, here are today’s top ecommerce stories. 1. Uniqlo China launches click and collect Fast Retailing’s Uniqlo China casual-clothing chain has launched its click-and-collect service so online customers can pick…
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Here’s what you need to know for today. 1. Mobile payments boom in China, spend a lot in Singapore & Thailand Alipay hit record highs in 2016 for the amount its 450 million users spent online…
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While president-elect Donald Trump is working hard to stop China from becoming a global superpower, China hasn’t slowed its digital hegemony in Southeast Asia – China meaning Alibaba of course. After calling out Southeast Asia as…
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2016 has been somewhat of a definitive year for ecommerce in Southeast Asia. With the region poised to experience an ecommerce golden age, trends and predictions that will shape ecommerce in 2017 have been identified and there is…
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This is the last of a four-part series breaking down Alibaba’s plan to shake up logistics in China: Cainiao Network. PART 1, PART 2, PART 3 Cainiao’s Platform Model Versus Jingdong’s Direct Model By analyzing the aforementioned…
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Recovering from the weekend? Anxious about shopping during 12.12? Start your Monday with today’s top ecommerce headlines. 1. ShopBack Philippines crafts 12.12 ‘online fever sale’ ShopBack Philippines recently conducted a survey among 2,200 Filipinos who shop online…
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1. UOB to launch an online marketplace for SMEs to purchase business services This B2B marketplace, which will be launched in the first quarter of 2017, will allow UOB’s SME customers to purchase business services and…
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Here are some key headlines to wrap up the day. 1. P&G Under Pressure to Make a Deal as Eco Friendly Products Surge Procter & Gamble Co., which is losing market share to eco-friendly products, is…
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Here are the key ecommerce headlines you should know from today. 1. Foodpanda shuts down operations in Indonesia Rocket Internet-backed food delivery startup Foodpanda announced that it is officially closing down its operations in Indonesia,…
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Ready to start your weekend? Check out these ecommerce headlines first. 1. E-wallet services boom at airports for Chinese tourists International airports have become the new battlefield for the country’s top internet companies as they gear…
Continue reading![[9.15] ecommerce news](https://ecommerceiq.asia/wp-content/uploads/2016/09/KUDO.jpg)
Wind down from a busy day with some ecommerce highlights of the day. 1. Indonesia’s Kudo raises an eight digit funding round from Emtek Kudo CEO Albert Lucius said, the funds will be used to…
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Ant Financial, the payments affiliate of Alibaba Group Holding Ltd., acquired EyeVerify Inc., to expand services using the US startup’s authentication technology for securing consumers’ online data and transactions, reports Deal Street Asia. Ant is paying…
Continue reading![[13.9] ecommerce news](https://ecommerceiq.asia/wp-content/uploads/2016/09/13.9-ecommerce-news.jpg)
Another busy Tuesday? Don’t worry, below are the big ecommerce headlines you should know about. 1. Alipay strikes partnership with DTAC subsidiary Paysbuy Under the “Paysbuy Alipay Online-to-Offline (Alipay O2O)” service, merchants and businesses can accept…
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Alipay, China’s major third-party payment service, announced it will start charging fees, 0,1%, for transferring more than $3,000 (20,000 yuan) to bank accounts, reports Tech in Asia. Tencent’s WeChat Pay levies a fee on back transfers that…
Continue reading![[9.9] ecommerce news](https://ecommerceiq.asia/wp-content/uploads/2016/09/9.9-ecommerce-news.jpg)
Wind down from a busy Friday by catching up with the key ecommerce headlines here. 1. Indonesia’s HaloDoc Raises $13 million in Series A, from Singaporean private equity firm Clermont and NSI Ventures The app is…
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1. Ant Financial and Tencent receives license to operate digital wallets in Hong Kong This is considered a big and significant step in the two internet giants’ overseas expansion beyond their bases in China. Read the rest…
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Alibaba’s Ant Financial and Tencent have won digital wallet licenses in Hong Kong, reports Bloomberg. This is considered a big and significant step in the two internet giants’ overseas expansion beyond their bases in China. The license helps the…
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A new fashion app, New Arrival, aims to introduce Chinese travellers to lesser-known boutiques abroad, reports Retail News Asia. The New Arrival app serves as a platform and guide for brick-and-mortar stores Chinese shoppers might otherwise…
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China’s biggest third-party payments platform Alipay, an affiliate of Ma’s Alibaba Group Holding Ltd., is signing deals with brick and mortar retailers in Europe to bulk up its offering for Chinese tourists and expats, reports Bloomberg. It’s…
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Chinese based third-party payment platform WeChat Pay’s mobile payment has rolled out its “No Cash Day” campaign this week to boost mobile payment rates, reports China Daily. From August 1-7, the first payment made of the…
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Newly appointed Lazada Indonesia co-CEO Florian Holm announced that Lazada will introduce Alipay to Indonesia in an interview with Tech in Asia. How Lazada performs in Indonesia concerns the entire group. The archipelago is Lazada’s most important…
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Ant Financial, the Alibaba affiliate that runs payment gateway Alipay has made a low key investment in Singaporean startup M-Daq, according to Tech In Asia. M-Daq is very media shy but it has raised $87 million in its…
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After Android Pay launched in in Singapore in June, Apple Pay picks up its Asia strategy and was rolled out on Wednesday in Hong Kong to eligible cardholders of American Express, Visa and MasterCard. The city…
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Alibaba is making aggressive moves to expand Alipay in Southeast Asia, expecting the payment platform that took Chinese ecommerce from the dark ages into the biggest ecommerce market in the world to sweep through the region similarly….
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Following Uber’s move last May, Grab adds Alipay, China’s largest digital payment service, to support its taxi on-demand services in Southeast Asia to tap into Chinese tourism. Grab only began accepting credit card and digital payments this…
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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….
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