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Carsome partners with Google Cloud, Searce to enhance car transaction, ownership experienceSoutheast Asian car e-commerce platform Carsome Group Inc. has on Thursday announced a multi-year collaboration with Google Cloud, and Searce to fuel its continued expansion and growth in the markets where it operates. Carsome said in a statement that the collaboration will use Google Cloud’s platform services across modern infrastructure, cybersecurity, data analytics, and generative...0 Comments 0 Shares 3K Views 0 Reviews
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Indonesia e-commerce firm Bukalapak to stop selling physical goods – reportIndonesian e-commerce firm Bukalapak said on Tuesday that it would stop selling physical items on its marketplace soon, Reuters reported. The announcement came amid tough competition from TikTok’s Tokopedia and Sea Ltd’s Shopee in Southeast Asia’s largest economy. Bukalapak, which went public in 2021, said in a statement that it later would only sell virtual products ranging...0 Comments 0 Shares 5K Views 0 Reviews
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Live commerce is Southeast Asia’s next chapter, and TikTok Shop is leading the wayFor cross-border sellers targeting Southeast Asia, few platforms can rival the ecosystem and expertise TikTok Shop offers. Spread across the tapestry of globalization, some trade routes, established centuries ago, continue to thrive, adapting to modern contexts while retaining their vitality. Southeast Asia exemplifies this resilience—a region that remains a bustling market brimming with...0 Comments 0 Shares 6K Views 0 Reviews
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Maybank : concern raised as Temu may turn aggressive in ASEAN amid US challengesMaybank Investment Bank said Wednesday that the elimination of de minimis exemption by the United States has raised concerns among investors that Chinese e-commerce firm Temu may become aggressive in ASEAN. The research house said in a statement that if Temu turns aggressive in ASEAN, there could be a strong pushback by Singaporean technology firm Shopee. “We don’t rule out it may...0 Comments 0 Shares 4K Views 0 Reviews
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Maybank sees acquisition of Gojek to be the most favorable scenario for GrabWhile there have been numerous media reports in the past weeks of a potential merger between Grab and GoTo, Maybank Investment Bank opined that acquisition of Gojek would be the most favorable scenario for Grab, leading to maximum synergies while preserving balance sheet strength. The research house said in a note on Thursday that if Grab acquires Gojek, it sees synergy net present value (NPV)...0 Comments 0 Shares 3K Views 0 Reviews
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MUFG’s JACCS takes 49% stake in Carsome Capital to boost auto financingCarsome Group, Southeast Asia’s (SEA) largest integrated car e-commerce platform, and JACCS Co., Ltd., a Japan-based consumer credit service firm of the Mitsubishi UFJ Financial Group (MUFG), have announced a strategic partnership via Carsome Capital Sdn. Bhd., the financing arm of Carsome. Carsome said in a statement on last Thursday that as part of this strategic partnership, JACCS...0 Comments 0 Shares 4K Views 0 Reviews
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Singapore’s AnyMind completes acquisition of e-gifting company AnyReachAnyMind Group, a business process as a service (BPaaS) company for marketing, e-commerce and digital transformation, has on Monday announced the completion of its full acquisition of AnyReach, a Japan-based e-gifting company, through its wholly-owned subsidiary, AnyMind Japan Inc. AnyReach will continue to operate under its existing name, AnyMind said in a statement. This marks AnyMind...0 Comments 0 Shares 3K Views 0 Reviews
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Singapore’s The Wild Ventures launches with an oversubscribed funding roundThe Wild Ventures, a Singapore-based artificial intelligence (AI)-powered house of impact brands, has announced its official launch on Thursday following an oversubscribed funding round. The firm said in a statement that the firm has closed a SGD 1 million ($750,000) angel round with participation from a long list of experienced operators, investors and family offices. The investor list...0 Comments 0 Shares 4K Views 0 Reviews
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YouTube expands YouTube Shopping in Singapore with ShopeeAmerican social media and online video sharing platform YouTube has on Thursday launched its Shopping affiliate program in Singapore in partnership with homegrown brand, Shopee. YouTube said in a statement that the launch of the YouTube Shopping Affiliate Program in Singapore offers exciting opportunities for both Shopee sellers and content creators. Shopee sellers can now expand their reach...0 Comments 0 Shares 4K Views 0 Reviews
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