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2025-01-08 13:26:55 -

Indonesia e-commerce firm Bukalapak to stop selling physical goods – report
Indonesian 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...

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2025-01-10 15:33:10 -

Live commerce is Southeast Asia’s next chapter, and TikTok Shop is leading the way
For 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...

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2025-02-12 11:09:48 -

Maybank : concern raised as Temu may turn aggressive in ASEAN amid US challenges
Maybank 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...

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2025-02-10 17:53:22 -

MUFG’s JACCS takes 49% stake in Carsome Capital to boost auto financing
Carsome 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...

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2025-04-01 06:30:38 -

Singapore’s AnyMind completes acquisition of e-gifting company AnyReach
AnyMind 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...

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