Tech In Asia
Days after announcing it was shutting down, Rocket Internet’s Foodpanda Vietnam has been bought by local rival Vietnammm.
Indonesia’s fashion eCommerce site Paraplou has shut down. The firm has posted a farewell message on its homepage, citing reasons of market immaturity, uncertain financial conditions, and a difficult funding environment as the primary reasons for its closure. Paraplou was headed by Bede Moore and Susie Sugden, two former Rocket Internet managing directors who worked at Lazada Indonesia in 2011 and 2012 before starting Paraplou Group, an eCommerce services provider for premium fashion…
HappyFresh, the grocery delivery start-up, has launched in Bangkok.
Fast-expanding German startup Rocket Internet is promising its new joint venture spinoff will launch one new company per quarter in Asia.
Nearly a year after three giant Chinese companies teamed up to take on Alibaba, the newly-minted eCommerce store finally and quietly launched this week. The site, Ffan, is the result of a billion-dollar joint venture between Tencent, Baidu, and Wanda Group, a conglomerate best known for its chain of movie theatres and malls. The joint venture started with US$814 million in its pocket in August 2014, with Wanda holding a 70 per cent stake, and Tencent and Baidu splitting the remainder even…
HonestBee – a new online grocery concept in Singapore is promising a battle in the grocery shopping sector.
Alibaba has invested US$1 billion in a new joint venture called Koubei to invest in new eCommerce businesses, including food delivery.
MAPeMall prepares for battle in Indonesia’s ecommerce war.
Indonesian eCommerce startup Bebelian is making money by selling local celebrities’ cast-offs to starry-eyed fans.
A China luxury goods online shopping mall has received a US$30 million boost form a series C funding round.
Fake beauty products are now so prevalent in China, that most online shoppers have almost certainly unwittingly bought them by now.
Japanese internet giant expands China presence.