Google, Temasek Set to Invest $350m in Indonesian Tokopedia
Google and Temasek Holdings Pte have agreed to invest about $350 million in PT Tokopedia, people familiar with the matter said, a major cash...
Indonesian SaaS Startup Sirclo Bags USD 6 Million from Big-Name Investors
The Indonesian e-commerce enabler Sirclo has secured USD 6 million in Series B funding, the company announced on Friday. Among the investors participating in...
Mumbai-Based Pharmacy Chain Wellness Forever Raises Rs 130 Cr from Poonawalla,...
Mumbai-headquartered retail pharmacy chain Wellness Forever on Monday announced that it has raised Rs 130 crore in funding led by UAE-based Allana Group and...
Indian Kids-Focussed AR Startup Cub McPaws Raises $800K from Global Investors
Mumbai-based Augmented Reality (AR) startup Cub McPaws has raised Pre-Series A funding of $800K from a syndicate of investors from the US, Japan, Dubai,...
JD.com becomes largest shareholder in Vietnamese e-commerce platform Tiki
JD.com, the Chinese e-commerce platform that rivals Alibaba, has become the largest shareholder in popular Vietnamese e-commerce platform Tiki, showing its strong commitment to...
India Cars24 Turns Unicorn with $200m Funding Led by DST Global
Cars24, which offers a tech-enabled platform to customers to buy and sell pre-owned vehicles, has raised $200 million in its Series E round, taking...
MyCloudFulfillment Nets US$2M Funding to Piggyback on Thailand’s Fast-Growing E-Commerce Market
MyCloudFulfillment (MCF), an e-commerce fulfilment company based in Thailand, has announced that it has closed a US$2 million Series A round of financing from...
Alibaba Expects Livestreaming E-Commerce Penetration Rate to Reach 30%
Chinese e-commerce giant Alibaba expects livestreaming sales to continue strong growth, while livestreaming could make up 30% of all sales on its platforms in...
Warburg, Hillhouse Capital Lead $700M Series A Funding In JD Property
Warburg Pincus and Hillhouse Capital will co-lead a $700 million Series A financing round in JD Property, the
infrastructure asset management and integrated service subsidiary...
Softbank, Others Close to Investing $55-60m in Grofers
Japanese investment conglomerate SoftBank, along with other investors, is close to investing about $55-60 million in Grofers to help the latter build a war...
China’s rural e-commerce registers rapid growth in H1
The e-commerce sector grew rapidly in China's rural areas in the first half of 2019, official data showed.
Online retail sales in rural areas totaled...
Indonesia Launches National Store on Chinese Pinduoduo
The Indonesian government has launched a national online store on e-commerce platform Pinduoduo (NASDAQ: PDD) on Saturday in a move to boost its trade...
