E-commerce

Grab reportedly bought a 4% stake in Indonesia’s conglomerate Emtek, which has strategic interests in e-commerce and payments.

The startup is looking to expand to other cities in Pakistan in the next few months.

Shipper is the latest logistics startup to receive tens of millions in investment this year.

The retail cloud business is growing rapidly, adding 3,201 new stores last year and achieving profitability.

Chinese internet companies were ordered to correct malpractices and pledge in written statements that they will operate legally.

The deal is expected to close this month, with Gojek taking a 60% stake in GoTo.

Bukalapak has reportedly hired Bank Mandiri’s securities arm to seek a merger with a US-based blank-check company.

Pine Labs counts Mastercard, PayPal, and Temasek among its investors.