Singapore-based co-living rental startup Hmlet has raised a US$1.5 million in a seed round led by Aurum Investments.
The largest e-commerce site Lazada generating $123 million in sales on Singles Day last Saturday (Nov 11), the company announced.
Singapore-based fintech startup iPaymy has secured a $1 million funding led by BEENEXT and Digital Garage Incubation.
Musical.ly, a video-based social network popular with teens and young people in the United States and Europe, has been sold to China’s top news aggregator service Toutiao.
China’s top e-commerce giants have raked up over $45 billion during the annual online shopping fiesta “Singles Day”, creating a new record in global retail sales for any single day.
While attending the New York Times DealBook conference on November 9th., Uber CEO Dara Khosrowshahi said that Uber will not be profitable in both the U.S. market and the Southeast Asia market in the short term.
Indonesia-based tax app provider OnlinePajak has raised a Series A round of about $3-5 million led by local venture capital firm Alpha JWC Ventures and joined by Sequoia Capital.
Chinese ecommerce giant Alibaba is looking to acquire a stake in Indian’s largest online grocery store BigBasket and is seeking the approval of the Competition Commission of India, according to VCCircle.
Lazada Group, the largest e-commerce operator in Southeast Asia, is seeking partnerships in Korea as demand for Korean-made goods continues to grow in the region.
Facebook Marketplace is now operating in Thailand — the first Southeast Asian country where the “stuff” section has launched, and the 25th country worldwide.