Business
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Malaysia’s used car platform Carsome raises US$30 million Series D led by Asia Partners
The Series D round will further support M&A opportunities.
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Suning.com’s eCommerce and online retail unit Yunwang Wandian secures US$912 million in Series A funding
Suning.com expects the development of the venture to bring efficiency in scaling advancements and is heavily invested in areas of the supply chain, logistics, and IT infrastructure.
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BRI Ventures secure US$10.6 million first close on new Indonesian Tech fund
The Indonesian Tech fund is called Sembrani Nusantara Fund and it aims to build a pipeline for Indonesian startups to grow and find good exits.
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Gaming and eCommerce unicorn Sea’s revenue doubles in Q3 2020
Sea rides the eCommerce and gaming boom amidst pandemic and sees revenue doubling in the third quarter of 2020.
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Google-Temasek Report: Southeast Asia Digital Payments Reach US$620 Billion during COVID-19 Pandemic
The study conducted by Google, Temasek, and Bain & Co paint a positive future for Southeast Asia’s internet economy and eCommerce services.
