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.

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.

Sea rides the eCommerce and gaming boom amidst pandemic and sees revenue doubling in the third quarter of 2020.

The study conducted by Google, Temasek, and Bain & Co paint a positive future for Southeast Asia’s internet economy and eCommerce services.

The Series A funding was jointly led by Openspace Ventures and Mandiri Ventures.