NewsByteDance expects to raise USD 2 billion in new round led by Sequoia and KKRThe fresh investment would value ByteDance at USD 180 billion. 1 min read
Alibaba is reportedly planning to inject USD 3 billion into Grab, which would make it its largest venture in Southeast Asia. NewsOvo and Lazada Indonesia announce partnership, as Alibaba moves closer to Grab1 min read
Buka Investasi Bersama will launch four new products and has a target to serve 500,000 mutual funds investors on its platform in 2021. NewsBukalapak fintech subsidiary sells 20% stake to Ashmore Indonesia2 mins read
Sea Group will use the proceeds for business expansion, including potential strategic investments and acquisitions. NewsSea Group to raise up to USD 2.6 billion via share offering2 mins read
Till now, small and medium businesses have been using WhatsApp to individually send photos of their products to users over chat. NewsWhatsApp rolls out new feature to double as shopping platform2 mins read
Companies like Alibaba and Meituan use exclusivity agreements and “monopoly clauses” to box in merchants and hobble competitors. That may change soon. InsightsChina’s new antitrust rules rein in sprawling marketplace platforms4 mins read
The healthcare unit of JD.com became the youngest unicorn on the Hurun Global Unicorns Index 2020. Visual StoriesBIZ IN GRAPHICS | JD unit breaks out in Asia’s biggest health IPO2 mins read
Flipkart competes with Amazon India and Reliance-owned JioMart to get a bigger pie of the e-commerce market that is expected to reach USD 94 billion by 2023. NewsWalmart eyes listing Indian e-tailer Flipkart at a valuation of USD 40 billion3 mins read
Sprii was the second most funded startup in the e-commerce category for products for babies and mothers within the region. NewsDubai’s Sprii enters liquidation after running out of cash2 mins read
