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Alibaba targets Japan with Tao, a new cross-border e-commerce platformFacing established players like Amazon and Rakuten, Alibaba enters the Japanese e-commerce market with Tao. Alibaba Group has unveiled Tao, a cross-border e-commerce platform tailored for Japanese consumers, as part of its latest push into international markets. The platform, first reported by Chwang on October 31, features around 3 million products across various categories and...0 Comments 0 Shares 516 Views 0 Reviews
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Australia’s Airwallex reports 83 percent revenue growth across APACAustralian digital payment firm Airwallex said Wednesday it has reported strong year-on-year revenue growth across its Asia Pacific (APAC) region. Airwallex said in a statement that in the third quarter, it delivered an 83 percent year on year increase in revenue for the region. The firm also grew transaction volume by 49 percent year on year across the APAC region. It has also achieved...0 Comments 0 Shares 612 Views 0 Reviews
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China’s BYD marks 30th year by chasing four-million-car milestoneThe EV maker dominates its home market but only sells about 10% of its vehicles abroad. In 1995, well before BYD ever made a single car, founder Wang Chuanfu placed a globe in his office. It remains a fixture even today, according to Wang, as China’s top electric vehicle company tries to make a name for itself worldwide. BYD, which marked its 30th anniversary in November, is the global...0 Comments 0 Shares 516 Views 0 Reviews
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Cotti Coffee maps out plan to make coffee a daily staple in ChinaSpeaking at the 36Kr WISE2024 summit, Cotti’s chief strategist detailed how pricing and supply chain efficiency are driving the brand’s rapid expansion. Held in Beijing from November 28–29, the 36Kr WISE2024 summit attracted a stellar audience, garnering a strong response from China’s business community. Now in its 12th year, the event has become a platform to showcase...0 Comments 0 Shares 1K Views 0 Reviews
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Deals in brief: Carro and CarDekho SEA secure funding, Longbridge bets on lifetime commission-free trading with over USD 100 million raised, nine China deals, and moreBringing you the latest updates on funding deals and activities in the Asia Pacific. Carro secures investment from Woori Venture Partners Carro, Asia Pacific’s largest online used car marketplace, has secured an investment from Woori Venture Partners, the venture capital arm of Woori Financial Holdings. The exact amount remains undisclosed. Carro said the funding will support...0 Comments 0 Shares 3K Views 0 Reviews
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Deals in brief: Pi-xcels raises USD 2.7 million, Vynn Capital backs MediSun Energy, Gobi Partners teams up with Cross Capital, and moreBringing you the latest updates on funding deals and activities in the Asia Pacific. Pi-xcels raises USD 2.7 million to expand NFC e-receipt technology Pi-xcels, a Singapore-based retail tech startup, has raised USD 2.7 million in its second funding round, led by venture capital firm Headline. Other participants include Wavemaker Partners, Hustle Fund, Shizen Capital, and Seedstars...0 Comments 0 Shares 1K Views 0 Reviews
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Deals in brief: Sunseap co-founder invests in UnaBiz, Alibaba takes 5% stake in South Korea’s Ably, nine China deals, and moreBringing you the latest updates on funding deals and activities in the Asia Pacific. Sunseap’s Frank Phuan backs UnaBiz in pre-Series C round UnaBiz, which provides internet-of-things services at scale, has announced a strategic investment from Frank Phuan, co-founder of Sunseap Group, during its pre-Series C funding round. UnaBiz said that it plans to leverage the capital to enhance...0 Comments 0 Shares 762 Views 0 Reviews
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Japan’s startups find new pathways to global markets at SWITCHJapanese startups made a strong impression at this year’s SWITCH, unveiling innovative tech solutions primed for global applications. Japanese municipalities are stepping up their support for startups, with an intensified focus on helping innovators connect with global markets. In late October, representatives from Tokyo, Kansai, Aichi, Fukuoka, and Yokohama joined forces at the...0 Comments 0 Shares 2K Views 0 Reviews
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Localization drives growth and expansion in 2024’s emerging marketsFrom Mexico to Africa, thriving in today’s global hotspots means mastering local infrastructure, payment systems, and regulatory nuances. Whether through investment or business expansion, localization has become a global trend in 2024. In the process of exploring markets, the competition is no longer just about the ability to migrate and expand brands. Instead, a company’s...0 Comments 0 Shares 775 Views 0 Reviews
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Singapore’s Locad raises $9M in Pre-Series B fundraise co-led by Global Ventures, Reefknot InvestmentsSingapore’s logistics firm Locad has raised $9 million in Pre-Series B fundraise co-led by Global Ventures and its existing investor Reefknot Investments. Locad said in a statement on Wednesday that other participating investors include Sumitomo Equity Ventures and existing investors Antler Elevate; Febe Ventures; and JG Summit. According to the statement, the new funding will...0 Comments 0 Shares 2K Views 0 Reviews
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