With GMV skyrocketing to USD 16.3 billion in 2023, TikTok Shop is shaking up Southeast Asia’s e-commerce market, giving Shopee and Lazada a run for their money. InsightsTikTok Shop’s GMV soared in 2023, putting Shopee and Lazada on edge7 mins read
The semiconductor bellwether set new records for revenue and profit, but the milestones were tempered by market concerns over geopolitical tensions. NewsTSMC profits surge on AI demand, but shares dip amid geopolitical tensions2 mins read
Bringing you the latest updates on funding deals and activities in the Asia Pacific. NewsDeals in brief: Dr Clear Aligners secures Series A funding, Amity raises USD 60 million, Ficus Capital backs Klean, and more3 mins read
The head of Indonesia’s commerce chamber called for fair competition to help domestic SMEs grow. NewsIndonesia business lobby says tariffs “not solution” for industry3 mins read
Bringing you the latest updates on funding deals and activities in the Asia Pacific. NewsDeals in brief: East Ventures leads investment in Har Har Chicken, Wittaya Aqua reels in USD 2.8 million, Mon Protocol launches new venture with 500 Global, and more4 mins read
In-house chipmaking has its pros and cons—how might Nio, Xpeng, and other automakers benefit from developing their own intelligent driving chips? NewsNio and Xpeng’s in-house chips enter tapeout phase, paving way for deployment5 mins read
Influencers will bear the brunt of the change, aimed at refining Douyin’s e-commerce focus. NewsByteDance adjusts Douyin’s traffic allocation to boost e-commerce, sources say3 mins read
Chinese automaker Li Auto is diving into end-to-end autonomous driving, unveiling the specifics of its new architecture. InsightsLi Auto advances in self-driving tech, aiming to close the gap with Tesla’s FSD6 mins read
Bringing you the latest updates on funding deals and activities in the Asia Pacific. NewsDeals in brief: Lhoopa raises USD 80 million, Breakthrough Victoria leads investment in JigSpace, 12 China and India deals, and more5 mins read
With a stronghold in e-commerce, TikTok has launched a pilot for local services in Southeast Asia, beginning with Indonesia and Thailand. NewsTikTok breaks new ground in Southeast Asia with local services pilot3 mins read
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