Apple Pay launches in Malaysia
Apple launched Apple Pay, which lets customers make payments in stores and online through iPhone, iPad, Apple Watch or Mac, in Malaysia on Tuesday. Currently, Apple Pay is supported for Malaysian cust
Alibaba extends logistics arm to Pakistan for e-commerce unit Daraz
Cainiao, the logistics service operated by Alibaba, is launching two automated distribution centers in Karachi and Lahore as its first entry into Pakistan, it announced on Friday. Alibaba’s over
Shein said to be raising $1 billion at $100 billion valuation
Yes, you read it correctly. The fast fashion e-commerce company that few in the tech industry had even heard of two years ago is aiming to raise $1 billion at a valuation of $100 billion. Shein’
Daily Crunch: Citing ‘global market uncertainties,’ Sea flatlines Shopee India
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
Sea’s Shopee shutting down India operations
Singapore’s giant Sea said on Monday it is shutting down its e-commerce business, Shopee, in India, months after the firm began recruiting sellers in the country. The announcement follows India&
App ecosystem growth continued in Q1 with 37B downloads, new high of $33B in consumer spending
The global app market hasn’t yet peaked, according to the latest analysis of the iOS and Android app ecosystem out this week. Global app downloads reached 37 billion in the first quarter of 2022
Tencent offloads stakes in allies as it continues investment spree
Chinese internet titan Tencent is divesting its vast portfolio. On Tuesday, the company announced plans to offload more than $3 billion worth of shares in Sea, a Singaporean internet conglomerate, tri
Alibaba’s Southeast Asia arm Lazada hits 130M annual consumers
Alibaba has always aspired to bring its e-commerce service to customers outside China. Its strategy is multi-thronged. The giant’s house-developed AliExpress has found success in Russia in recen
Markai raises $4M from Pear VC, Sea Capital and others to buy Chinese e-commerce brands
China has attracted yet another e-commerce roll-up to enter its gargantuan e-commerce market. Markai, founded by two Stanford business school grads, has joined the fray to buy out Chinese brands seeki
Predicting the next wave of Southeast Asia tech giants
Despite the impressive growth and stellar companies grabbing headlines and tons of capital, Southeast Asia is only just entering the next phase of development.
Sea’s Shopee begins recruiting sellers in India, quietly launches website
Southeast Asian e-commerce giant Shopee, which recently expanded to several Latin American nations, appears to be preparing to launch in another international market: India. The company, owned by Sing
What’s driving the global surge in retail media spending?
To understand why retailers will capture more ad spend, it’s important to evaluate what modern marketing has become. Is it bus stop advertisements? Bidding on Google keywords or a Clubhouse session?
Prime today, gone tomorrow: Chinese products get pulled from Amazon
If you ever bought power banks, water bottles, toys or other daily goods on Amazon, the chances are your suppliers are from China. Analysts have estimated that the share of Chinese merchants represent
Ula raises $20 million to expand its e-commerce marketplace in Indonesia
Tokopedia, Lazada, Shopee, and other firms created an e-commerce market in Indonesia in the past decade, making it possible for consumers to shop online in the island nation. But as is true in other A