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Commentary: Why Grab, Gojek, Tokopedia and Sea are the new darlings of US markets Toggle share menu Advertisement Commentary: Why Grab, Gojek, Tokopedia and Sea are the new darlings of US markets Several factors point to a growth story that could make Southeast Asian Tech the darling of Wall Street, says INSEAD Associate Professor of Entrepreneurship and Family Enterprise, Jason Davis. Composite image of Grab, Gojek, Tokopedia and Traveloka logos. 04 May 2021 06:20AM) Share this content Bookmark SINGAPORE: If everything goes to plan, Grab will soon raise around US$4 billion in financing in the biggest ever SPAC (Special Purpose Acquisition Company) listing, giving Anthony Tan, the company’s founder, a place in the history books, just as he wanted. ....
Alibaba and Shopee heading for e-commerce faceoff in Vietnam By 2 Asian e-commerce titans, SEA Group’s Shopee and Alibaba-backed Lazada, are going to war, and Vietnam’s crowded marketplace is the battleground Vietnam is considered the fastest-growing digital economy in Southeast Asia, and the Vietnamese e-commerce market is emblematic of that tech-propelled growth. Even before the pandemic set in last year, Vietnam’s e-commerce market was already set to reach US$15 billion in profits. Vietnam has faced an accelerated digital transformation journey, being classified as a digital nation within just three years of aspiring towards that goal. The nation has quickly embraced a host of transformative initiatives, from exploring smart city implementation in its urban hubs to looking into sustainable energy output to already turning out commercial 5G applications. ....
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Share this article Share this article HONG KONG, Jan. 22, 2021 /PRNewswire/ CLPS Incorporation (Nasdaq: CLPS) ( CLPS or the Company ), today announced its strategic investment, through its wholly owned subsidiary, ChinaLink Professional Services Co. Ltd., in Shanghai Shier Information Technology Co., Ltd. ( SSIT ), an e-commerce services provider. CLPS has indirectly taken 35% ownership stake in SSIT as part of the Company s growth strategy to diversify its business model. SSIT develops and offers e-commerce platform products integrated with rebate program as its main and unique feature. Its products include the Group Store , an online one-stop shop platform exclusive for an enterprise s employees; and Duoshouji , a mobile application available for all Android and iOS users. SSIT has partnered with over 10 leading e-commerce companies, catering to hundreds of brands in China and to its over 100,000 registered users, of which more than 50% are active users. SSIT h ....