Here’s what you should know.

1. Thailand Stock Exchange to launch blockchain based marketplace

SET’s senior vice president Santi Kiranand said, the marketplace was not a trading board as there was no regulator to verify their business quality like the SET and the Market for Alternative Investment (MAI).

Startups that want to mobilise funds from this board are required to register with the authorities, run business with transparency and have a single financial account.

Due to high risks on investment, only institutional, high net-worth investors and venture capital funds are allowed to invest on this board.

The norms for the marketplace would be finalised next month.

Read the rest of the story here.


2. spins out its financial services business

JD Finance, the financial services business belonging to Alibaba competitor, is going independent. is divesting its entire 68.6% stake for 14.3 billion RMB, or around $2.1 billion. The deal will see the ecommerce firm take 40% of JD Finance’s pre-taxi profits once its business once it has positive pre-tax income.

The move to independence hedges any risk that investors may feel around JD Finance, which was valued at $7.1 billion at the time of last year’s financing.

Read the rest of the story here.


3. eMarketer: Lazada dominates Southeast Asia – for now

For now, much of the ecommerce activity and web traffic in Southeast Asia is dominated by one large ecommerce retailer—Lazada Group.

SimilarWeb’s figures for Thailand showed that Lazada claimed almost 41 million monthly page views during December. That was more than 16 times the number garnered by, the second-place finisher.

With Amazon poised to enter Southeast Asia sometime this year, and the incoming buzz of Korean e-marketplace 11street, Southeast Asia’s B2C landscape could very well look different by the end of 2017.

Read the rest of the story here.

Here’s a wrap up of what ecommerce headlines you should know.

1. Thailand is launching a stock exchange just for startups; no revenue required

The new exchange will be unlike Thailand’s two existing stock exchanges — SET and mai — which are tightening regulatory rules and other criteria amid a surge in listings, in part due to second- and third-generation family businesses seeking to go public. The proposal for the new exchange is still being drafted, but the expected rollout will be in the third quarter of 2017.

Startups can list on the new exchange even if they have not earned any revenue. They can choose to issue equity and non-equity products including bonds and options. Investment may, however, be limited to accredited investors, but that detail has not been finalised.

Read the rest of the story here.


2. DHL introduces fully customized digital freight platform CILLOX

DHL Freight introduces CILLOX, a virtual marketplace for enterprises with transportation needs. The fast and seamless solution helps companies to match their full truck load, part truck load and less than truck load offerings with transport providers’ capacities and find the appropriate provider according to their needs.

Read the rest of the story here.


3. Recommended reading: How companies can cater to the unbanked in Southeast Asia

Emerging markets in APAC such China, India, Thailand, Malaysia, Vietnam, Philippines and Indonesia are more dependent on account-related revenues.

This stems from the fact that a sizeable demographic in these markets are unbanked; people without credit cards and bank accounts. According to a 2015 report by McKinsey, the unbanked in Indonesia number at 116 million; Vietnam, 49 million; Philippines, 46 million; Thailand, 12 million; and Malaysia, 4 million.

Read the rest of the story here

Ensogo halts share trading


Ensogo, the struggling daily deals ecommerce company, saw today its trading suspended on the Australian Securities Exchange (ASX) pending an announcement.

Formerly known as iBuy and founded by entrepreneur Patrick Grove, Ensogo owns a network of ecommerce websites in Hong Kong, Singapore, Malaysia, the Philippines, Indonesia, and Thailand. The company has been experiencing a decline in share price down to nearly zero this year.

The trading halt follows the resignation of two Ensogo directors (Thomas Baum and Frederique Covington) as well as the selloff by a big shareholder. On May 24, The Australian reported that Macquarie offloaded 2.3 million shares in Ensogo for A$0.50 apiece, marking a 50 percent discount to its closing price at the time.

Ensogo has been embroiled in controversy after its merchants complained about delayed payments starting in April this year.

The Australian bourse said the suspension would remain in place until the opening of trade on Tuesday, June 21 or when the announcement is released to the market. The news comes less than a year Groupon shuts down in 7 countries including Thailand and Philippines in Southeast Asia, signalling the start of ‘deal fatigue’ among consumers that lowers re-purchase rates and thus customer lifetime value.

A version of this appeared in Tech in Asia on June 17. Read the full article here.