Shopee ranked first in the shopping category in Southeast Asia and Taiwan by average monthly active users and total time spent in app among Android users for the first quarter, Sea said, citing App Annie.
SINGAPORE: SEA Ltd., Southeast Asia’s most valuable company, more than doubled revenue in the first quarter, though losses swelled as it spent to ward off competition in the regional e-commerce and online entertainment arenas.
Sales rose to $1.76 billion in the three months ended March from $714.9 million a year earlier, the Singapore-based company said in a statement on Tuesday. Net loss widened to $422.7 million from $281.5 million.
India second-largest insurtech market in APAC: Report yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.
Indonesia’s ride-hailing and payments giant Gojek agreed to combine with e-commerce pioneer PT Tokopedia to create the largest internet company in the world’s fourth most-populous nation.
Hong Kong-based Skadden partner joins IPO-bound Grab as GC legalbusinessonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from legalbusinessonline.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Altimeter Growth Corp., the blank-check company merging with internet giant Grab Holdings Inc., is hovering just a few cents above its record low after cratering 28% since the deal was unveiled in April.
Altimeter closed Thursday at $11.06, just shy of its $10.