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Vietnamese online marketplace Tiki has successfully raised US$130 million in its latest funding round led by Northstar Group. According to Deal Street Asia, the total value of the investment may increase by a further $20 million. Founded in 2003, Northstar…
CapitaLand has launched new e-commerce and food ordering platforms in Singapore. The new eCapitaMall and Capita3Eats services are aiming to drive sales for retailers at its shopping malls during Singapore’s Phase 1 safe reopening protocol, as the country…
Social commerce is about to get a whole lot more social, with Facebook announcing the launch of its business-to-consumer marketplace offering Facebook Shops. The new platform began rolling out in New Zealand yesterday and will be progressively rolled out…
Italian jewelry firm Bulgari has launched an e-commerce platform in Singapore prior to opening online services in its home territory. Korea will soon follow. The luxury brand is accelerating its digital program following the effect of the coronavirus pandemic…
701Search owns leading general classifieds sites Mudah in Malaysia, Chotot in Vietnam and OneKyat in Myanmar. Johan Rostoft, Head of Online Classifieds at Telenor Group, said “We have built a profitable and high-growth marketplace business serving millions of…
Daigou buyers from Australia – individuals and groups who buy infant formula and other consumables in offshore retail outlets, selling them at huge mark-up prices in China – have been locked out of one China’s fastest-growing online malls. Aomaijia, which…
Hong Kong and Malaysian mobile fashion-and-beauty marketplace Goxip will launch in Singapore on August 19. The service has more than 600,000 active monthly users in Hong Kong alone and counts luxury retailers such as Net-a-Porter, Farfetch, and Asos as well…
Vestiaire Collective, the global community for luxury and premium pre-owned fashion, announced today the completion of a €40 million round of financing led by Bpifrance and new CEO, Max Bittner. The new round will facilitate the launch new technology…
Hong Kong-based e-commerce hub Shopline has established a Kuala Lumpur office as a first move into the Malaysian market. Malaysia is Shopline’s second Southeast Asian market following Vietnam, where it already has a Ho Chi Minh City base and where 98 per cent…
Indonesian e-commerce company Tokopedia is expanding its one-day delivery guarantee to almost all of its products as it prepares to battle Amazon and other foreign rivals. Backed by Alibaba Group and SoftBank, Tokopedia’s greatest strength might lie in the…
AllGoods, a free marketplace for Kiwi buyers and sellers, has announced it has reached its one-millionth listing, 12 months after launching. The TradeMe competitor said it has maintained steady growth over the past few months. Its app has also become the top…
Swedish fast-fashion label H&M is partnering with Indian marketplaces Jabong and Myntra to sell online. The association with the two local partners is structured to meet Indian regulations forbidding marketplaces from forming exclusive associations with…
United Overseas Bank on Monday launched Singapore’s first online utility marketplace by a bank, as part of the Open Electricity Market initiative. United Overseas Bank (UOB)’s utility marketplace will add to an existing array of comparison websites under…
Indian online classifieds site Quikr has bought refurbished goods marketplace Zefo, headquartered in Bangalore. The acquisition allows an exit strategy for Zefo’s current investors, including Sequoia Capital, and gives Quikr a pathway to expand and strengthen…
Some of New Zealand’s most popular food and beverage brands now have direct access to Chinese customers through a new flagship on the online marketplace, Tmall. The online flagship, which opened last week, is the result of a joint venture between Tmall Fresh…
Singaporean m-commerce platform Carousell has raised US$56 million from Naspers, the parent company of the Philippines’ online marketplace OLX. As part of the deal, Carousell will also acquire OLX Philippines, with the transaction due to be completed by the…
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