German insurance giant Allianz is following Google and Tencent by backing Go-Jek, the Indonesia-based ride-hailing and local services company valued at over $4.5 billion, after it announced an investment.
Telpod, Singapore-based e-scooter-sharing startup, announced that it has closed an undisclosed funding round led by MomentUM, a venture and incubation platform of SMRT Corporation.
iflix, Malaysia-based subscription video-streaming company, is shutting down its digital team in Singapore and move it back to Malaysia, its home market.
Singapore-based medtech startup NDR Medical Technology (NDR) has raised an undisclosed seed funding round from SGInnovate.
Singapore-based startup Antler announced today that it has closed a US$3 million seed round to fund its operations.
The leading ecommerce platform Shopee has announced a strategic partnership with the online cashback platform firm ShopBack, allowing Shopee shoppers to save 6.5% on their purchases.
Chinese facial recognition startup SenseTime announced a $600 million Series C funding round led by Alibaba.
Singapore-headquartered online fashion service Zilingo announced that it has raised $54 million in a Series C funding round led by new investor Sofina, existing backers Burda and Sequoia India.
CapitaLand announced that it is partnering leading e-payment players to launch an all-in-one e-payment service – dubbed StarPay – that will cover over 2,500 stores in 17 malls across Singapore.
Even with rapid development of the online retail market, Thailand will remain in second place in Southeast Asia region, according to online business research firm yStats.com.