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2024-11-26 13:06:51

E-ConomySEA 2024 report: Malaysia’s digital economy to hit $31B in 2024
Malaysia’s digital economy is poised to reach $31 billion in gross merchandise value (GMV) in 2024, an increase of 16% from 2023 according to the latest e-Conomy SEA 2024 report by Google, Temasek, and Bain & Company. The trio said in a statement that Malaysia’s digital economy has progressed towards profitability while maintaining double-digit growth for GMV. They noted...

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2024-11-18 16:09:53

JD.com’s Q3: Strong profits and growth fail to buoy investor confidence
Improved margins and a rebound in sales lifted JD.com’s Q3 profits, but market skepticism lingered over future growth. JD.com’s Q3 2024 earnings report, released November 14 after the Hong Kong stock market closed, painted a picture of steady financial growth and operational resilience. The e-commerce giant reported operating revenue of RMB 260.4 billion (USD 36.5 billion), a 5.1%...

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2024-11-13 15:31:17

Singapore’s Sea revenue up 30.8 pct on year in third quarter
Singapore’s consumer internet firm Sea announced Tuesday that its total revenue rose 30.8 percent year on year to $4.3 billion in the third quarter ended September 30, 2024, underpinned by higher e-commerce growth. The firm said in a statement that its total gross profit for the quarter was $1.9 billion, also up 29.1 percent year-on-year. Its total net income was $153.3 million, as...

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