Vietnam 

Five Vietnamese companies among ten most visited e-commerce sites in Southeast Asia – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Tiki’s monthly web traffic surged by 69 per cent within a year from nearly 20 million to 33.7 million, helping it gain the sixth position in the top ten list in the first half of 2019. Photo Tiki HÀ NỘI Five Vietnamese e-commerce platforms were named among ten most visited sites in Southeast Asia in the first half of this year. According to the latest report released recently by price comparison platform iPrice Group, Tiki, Sendo, Thegioididong, Dienmayxanh and FPT Shop ranked sixth, seventh, eighth, ninth and tenth, respectively,…

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Money 

‘It all started from Hong Kong’: two of Southeast Asia’s richest men on early success and the belt and road plan’s future

Two of Southeast Asia’s most prominent members of the Chinese diaspora, businessmen Dhanin Chearavanont and Mochtar Riady, took the stage at the Hong Kong Trade and Development Council’s Belt and Road Summit on Wednesday to reminisce about being early investors on the mainland.The tycoons emphasised their belief in China’s economy and President Xi Jinping, and described how Hong Kong had played an essential role in their early successes – and could do so today for investments related to the… Source link

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Home 

Lazada says it is e-commerce leader in Southeast Asia with 50 million buyers

Lazada Group chief executive Pierre Poignant said the company operates the top e-commerce platform in Southeast Asia with 50 million active buyers annually, contrary to prior reports that painted the site as a laggard.“We are growing at triple digits for the past three quarters, which has really sort of defined our position as number one,” Poignant said in an interview. “We’re very happy about the progress of where we are.”His comments came as recent reports pegged rival platform Shopee,… Source link

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Singapore 

Taobao’s first physical store in South-east Asia opens in Funan, Lifestyle, Singapore News

SINGAPORE – Chinese e-commerce platform Taobao has opened its first store in South-east Asia, in Funan mall, to cater to rising demand for its home furniture goods. Called Taobao Store by Virmall, the shop is a partnership between Taobao and Virmall, a local firm that helps to curate and bring in products from merchants on Taobao. Opened on Wednesday (Sept 4), the shop offers more than 300 products from furniture to kitchen appliances and clothes. About 80 per cent of the items are from the home and living category, the fastest-growing…

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Home 

Paul Allen’s Vulcan Capital enters Singapore with US$100 million to invest in Southeast Asia start-ups

Vulcan Capital, the investment house of late Microsoft Corp. co-founder Paul Allen, has opened its first international office in Singapore. The multibillion-dollar fund intends to invest an initial $100 million across Southeast Asian start-ups.Vulcan Capital is an unusual addition to the city state’s investment scene. It is part of Vulcan Inc., which oversees the billionaire’s holdings and supports his causes in everything from elephant conservation to artificial intelligence research. Chief… Source link

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Vietnam 

Southeast Asia startup RedDoorz raises US$70 million in Series C funding – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Amit Saberwal, Founder and CEO of RedDoorz. — Photo courtesy of RedDoorz HCM CITY — RedDoorz, the Southeast Asia’s hotel management and booking platform, announced it has raised US$70 million at first close of a larger Series C funding on Monday. Leading the round is Asia Partners, a Singapore-based growth equity firm founded by senior executives with an exceptional track record in scaling multi-billion tech companies (Sea, Naspers, Bukalapak) globally and across the region. RedDoorz is the first portfolio company of Asia Partners, which focuses on growth-stage investments in technology and…

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Vietnam 

Mekong, southeast regions ask for quick release of public funds for infrastructure – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Delegates at the “Building a plan for the socio-economic development and public investment in 2020 in the Southeast and Mekong Delta region” conference held in Vĩnh Long Province on Wednesday. — VNA/VNS Photo HCM CITY — Provinces and cities in the Cửu Long (Mekong) Delta and south-eastern region and experts have called on the Government to prioritise investment to develop these regions’ infrastructure and foster development based on their inherent advantages. At a conference titled “Building a plan for the socio-economic development and public investment…

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Vietnam 

E-commerce market may rank third in Southeast Asia – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Việt Nam online marketing forum 2019 was held in Hà Nội on Wednesday. — Photo http://dangcongsan.vn HÀ NỘI — Việt Nam could have Southeast Asian’s third-largest e-commerce market by 2025. The information was released during the Việt Nam online marketing forum in Hà Nội yesterday. The country could sit behind only Indonesia at US$100 billion and Thailand at $43 billion. According to the E-Business Index 2019 report drafted by the Việt Nam E-Commerce Association, the scale of Việt Nam’s e-commerce market in 2018 was $9 billion. The report also…

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Global 

Donald Trump’s ‘real threat’ of Vietnam tariffs sends ripples of anxiety through Southeast Asian nation

Steven Yang had been considering moving his mattress factory from China’s manufacturing heartland of Guangdong to Vietnam for some years, because despite increasing the salary of his 50 workers every year, his staff kept leaving.Yang’s company, Foshan Jietai Furniture, exports to the United States, European Union, Canada, Hong Kong, Australia and other parts of Asia. He had been focused on increasing his exports to America, but these plans were devastated when US President Donald Trump imposed… Source link

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Home 

Singapore’s online hotel booking site RedDoorz targets Southeast Asia push

RedDoorz founder and chief executive Amit Saberwal describes his four-year-old budget hotel online booking start-up as a “combination of Uber and Marriott”.The Singapore-based firm is like Uber Technologies in the sense that the hotels listed on its app are owned by individual proprietors, just like many drivers own their cars and pick up bookings through the US ride-hailing giant. It is like Marriott International, the American hotel chain operator and franchiser, on the hospitality side… Source link

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