Consumer Economy

Techsembly has signed on eight major clients including businesses like The Peninsula Hotel Group, Not Just A Label, and Boutique Fairs Singapore. 

The second installment of AIRP (Asia’s Innovation Resource Platform) saw discussion between Sea Group and up-and-coming players in China’s tech ecosystem.

Eduardo Saverin, co-founder and the first investor of Facebook Inc., and Toivo Annus, CTO and co-founder of Skype, are also its backers. 

The firm will partner with Vietnam’s Tiki, Singapore’s Qoo10, Indonesia’s Blibli, and Malaysia’s Youbeli to offer Taiwanese products to Southeast Asian consumers.

This new move comes after Best launched express delivery services within Malaysia in July, following fast growth in Thailand and Vietnam.

With only 2% of Chinese getting rid of used smartphones, JD.com, Tencent, and Alibaba are all making investments in the second-hand market.

Bases in Taiwan and Europe to help retailers build online platforms.

Japanese conglomerate SoftBank and American PE firm Carlyle have also shown interest in investing in Reliance Retail.