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Alibaba
SunMoon’s largest shareholder Yiguo receives $407 mil investment from Alibaba
SINGAPORE (Aug 4): SunMoon Food Company says Tmall has invested US$300 million ($407 million) in China’s Shanghai Yiguo E-Commerce, the single largest indirect shareholder of SunMoon with a 51% stake.
August 04, 2017
Fintech
Know your clients: Big data in financial services
SINGAPORE (July 20): The next generation of digitisation in financial services will propel the industry into the knowledge economy. More specifically, financial services firms can look forward to a future of using more contextual knowledge and understandi
July 20, 2017
In China, shoppers buy bad loans online with their groceries
(July 11): Among the sneakers, diapers and pet food for sale on Taobao, China’s biggest e-commerce platform, is a listing that may take up a little more space in the online shopping basket.
July 11, 2017
Fintech
Jack Ma’s shadow looms large for banks across Southeast Asia
SINGAPORE/SHANGHAI (June 30): Over the past two months, some 1,000 part-time workers for DBS Group Holdings Ltd. have fanned out across Singapore’s famed food courts, trying to entice mom-and-pop hawkers to use the bank’s digital payments service, ca
June 30, 2017
KKR, Blackstone, RRJ and TPG dropping out of race for GLP, says FT
SINGAPORE (June 23): Almost all the potential bidders for Global Logistic Properties are dropping out as the June 30 deadline approaches, reported The Financial Times.
June 23, 2017
Jack Ma's libertarian talk approaches red line
(June 15): Corporate executives sometimes like to talk about how their companies are overtaking nation states. In China, they tend to be careful not to outshine the government and avoid such analogies. Yet that's just what Jack Ma did last week.
June 15, 2017
SingPost gets an upgrade from OCBC
SINGAPORE (June 15): OCBC is upgrading Singapore Post to “hold” from “sell” with unchanged fair value estimate of $1.20 given the significant correction in its share price.
June 15, 2017
Broker's Calls
Can ecommerce logistics hub, SPC mall save SingPost?
SINGAPORE (May 17): DBS Group Research says beleaguered Singapore Post (SingPost) will have to turn to its ecommerce logistics hub and Singapore Post Centre mall to drive earnings growth amid a challenging outlook for its ecommerce and logistics businesse
May 17, 2017
Startups, Entrepreneurs, Digital economy
Garena rebrands as Sea after raising US$550 mil in new funding
(May 8): Garena has rebranded as Sea after Southeast Asia’s most valuable startup secured US$550 million ($772 million) in funds to step up a battle with Chinese e-commerce giant Alibaba and other players in Indonesia.
May 08, 2017
Lazada joins forces with Unilever to tackle regional e-commerce challenges
SINGAPORE (March 30): Lazada Group is teaming up with multinational consumer goods giant Unilever in their first e-commerce cross-functional alliance, just days after launching a dedicated online store to bring products from China’s e-commerce platform
March 30, 2017