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.

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

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.

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

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.

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.

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.

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

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.
From left: Max Bittner and Pier Luigi Sigismondi

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
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