The move is part of broader scrutiny by European governments into the potential security risks posed by Chinese businesses.
The parent of Indonesian digibank Hijra will use the funds to launch new offerings like Hijra Home Financing, a mortgage product.
The parent of Indonesian digibank Hijra will use the funds to launch new offerings like Hijra Home Financing, a mortgage product.
With Indonesia officially banning direct ecommerce transactions on social media, TikTok’s ambitions in the space have taken a blow.
While the B2B ecommerce firm recorded US$50 million in revenue, loss for the year widened to US$33 million.
That said, Temu’s entry can further sweeten the deal for ecommerce enablers and logistics firms.
Join Moses Lo, co-founder and CEO of Xendit, as he talks about how the company is transforming finance in Southeast Asia.
Join Moses Lo, co-founder and CEO of Xendit, as he talks about how the company is transforming finance in Southeast Asia. Startups – Tech in Asia
The online lender has set up a joint venture in Qatar with JTA International Holding, which also leads the funding round. Startups – Tech in Asia
Kream, a recommerce platform focused on limited-edition goods, plans to make Soda its subsidiary by next year.
