Alibaba doubles Lazada investment to $4 bln in aggressive Southeast…

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    Backed by $2 billion in funding from investors including SoftBank Group Corp’s Vision Fund and Alibaba, Tokopedia aims to create a “super-ecosystem” with a wide range of services, including lending and payment services for both consumer and merchants.

    While the company continues to battle it out for India — the second largest smartphone market in the world after China — it’s likely Xiaomi will use the same retail strategy from Singapore across the Southeast Asian region as the company shifts its focus towards India, China and .

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    The house-cleaning market in Singapore is expanding, in contrast to the general decline in the country’s service industry. Undergraduates and new grads have taken to freelance house-cleaning through agencies with websites that push their services to homeowners. If you have any kind of questions pertaining to where and ways to use lazada bonus, you can contact us at our own site. A freelance house-cleaner in Singapore can make around S$1,500 (US$1,115, AU$1,430) per month with around 23 hours of work per week, according to business site Asia One.

    The round, the company’s largest to date, was led by previous investors Holtzbrinck Ventures, Kinnevik Investment, Summit Partners, Tengelmann Group, and new investor Verlinvest. The latest round brings Lazada’s total funding to more than $236 million.

    SINGAPORE, Dec 18 (Reuters) – Indonesia’s Tokopedia is lining up an initial public offering (IPO) worth at least $1 billion next year, two people with knowledge of the matter said, in what could be the biggest overseas listing by a Southeast Asian start-up.

    The IPO by Indonesia’s fourth-biggest e-commerce company, which is backed by Singapore sovereign investor GIC and Microsoft among others, comes as Indonesia’s $40 billion e-commerce market is benefiting from strong pandemic-driven demand.

    Alibaba thoroughly dominates e-commerce in China mainly through its Taobao platform, and its continued strong earnings performances have underlined the strength of the sector even as the country’s broader economic growth has slowed.

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    “More than 1% of Indonesia’s economy already happens on Tokopedia,” Tanuwijaya said. “We want to make it 5 percent.” (Reporting by Fanny Potkin & Ed Davies; Editing by Jonathan Weber and Muralikumar Anantharaman)

    “They’re like a mascot now. I saw them being used as shields. Maybe they are not that strong but they are a good stunt,” said a 27-year-old protester named Earn as she posed for a photo with three of the ducks.

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    SINGAPORE, July 21 (Reuters) – Indonesian e-commerce firm Bukalapak has raised $1.5 billion in its initial public offering, the country’s largest issue, after pricing it at the top of an indicated price range, three sources familiar with the matter said on Wednesday.

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    Goree Cosmetics in Pakistan and Bangkok-based Smilephan, two companies whose name brand products were available on several sites and showed high mercury levels, told Reuters they do not use mercury and warned about counterfeits.

    “When that happens, it attracts more partners and it’s a virtuous upwards cycle. Great for business,” said Tan, who scored a big win when Uber handed over its regional operations to Grab this year in return for a stake.

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