Alibaba is about to get a jolt from its largest rival in Southeast Asia. Sea, the Nasdaq-listed business, is raising as much as $1.5 billion from a new share offering that’s sure to be funneled into its Shopee e-commerce business. Singapore-based Sea said in a filing that it plans to offer 60 million American Depositary […]
View More Sea is raising up to $1.5B for its Shopee e-commerce business in Southeast AsiaCategory: Lazada Group
E-commerce startup Zilingo raises $226M to digitize Asia’s fashion supply chain
If you’re looking for the next unicorn in Southeast Asia, Zilingo might just be it. The 3.5-year-old e-commerce company announced today that it has raised a Series D round worth $226 million to go after the opportunity to digitize Asia’s fashion supply chain. This new round takes Zilingo to $308 million from investors since its […]
View More E-commerce startup Zilingo raises $226M to digitize Asia’s fashion supply chainIndonesia e-commerce leader Tokopedia raises $1.1B from Alibaba and SoftBank’s Vision Fund
Indonesia-based e-commerce firm Tokopedia is the latest startup to enter the Vision Fund after it raised $1.1 billion Series G round led by the SoftBank megafund and Alibaba. SoftBank and Alibaba are existing investors in the business — the Chinese e-commerce giant led a $1.1 billion round last year, while SoftBank recently transitioned its shareholding […]
View More Indonesia e-commerce leader Tokopedia raises $1.1B from Alibaba and SoftBank’s Vision FundAlibaba sets new Singles’ Day record with $31B in sales, but growth is slowing
Alibaba scored another blockbuster Singles’ Day after customers around the world shopped in stores and online on the tenth edition of its November 11 shopping festival. That puts this year’s gross merchandise volume – a measure for the dollar value of total transactions – at a staggering $30.8 billion, although the company recorded its lowest-ever […]
View More Alibaba sets new Singles’ Day record with $31B in sales, but growth is slowingGogoprint raises $7.7M to expand its online printing business in Asia Pacific
Gogoprint, a startup that is aiming to disrupt the traditional printing industry in Southeast Asia, has pulled in a $7.7 million investment as it prepares to expand its business in Asia Pacific. We first profiled Gogoprint in 2016 soon after its launch the previous year, and since then the Bangkok-based company has expanded beyond Thailand […]
View More Gogoprint raises $7.7M to expand its online printing business in Asia Pacific