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Pinduoduo cements position as China’s second-largest ecommerce player

Pinduoduo cements position as China’s second-largest ecommerce player Alibaba and JD.com have been in a war over the Chinese e-commerce space for a decade or so, but a third player called Pinduoduo has managed to shake up the duopoly in recent times. The startup, which was founded in 2015 by an ex-Googler […]

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Sea is raising up to $1.5B for its Shopee e-commerce business in Southeast Asia

Sea is raising up to .5B for its Shopee e-commerce business in Southeast Asia 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 […]

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E-commerce startup Zilingo raises $226M to digitize Asia’s fashion supply chain

E-commerce startup Zilingo raises 6M 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 […]

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Indonesia e-commerce leader Tokopedia raises $1.1B from Alibaba and SoftBank’s Vision Fund

Indonesia e-commerce leader Tokopedia raises .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 […]

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Alibaba sets new Singles’ Day record with $31B in sales, but growth is slowing

Alibaba sets new Singles’ Day record with B 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 […]

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Gogoprint raises $7.7M to expand its online printing business in Asia Pacific

Gogoprint raises .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 […]

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