e-commerce

Singapore’s investment banking, M&A activities hit record highs in 2019

SINGAPORE (Dec 19): International sales now account for an average of 35% of revenue of Singapore e-commerce businesses, according to a study published Thursday by digital payments giant Visa Inc.

SINGAPORE (Dec 9): Amid the growing purchasing power of millennial consumers in Singapore and the rising number of online shoppers, Citi and Lazada Group have jointly launched the Citi Lazada credit card. 

SINGAPORE (Dec 3): FinAccel Pte, which extends credit to online shoppers in Indonesia under the Kredivo brand, has raised US$90 million ($123 million) of expansion capital in a fundraising round valuing the company at almost US$500 million.

SINGAPORE (Nov 4): E-commerce solutions provider Synagie Corporation announced Monday it has been appointed as a partner by government agency Enterprise Singapore to help small- and medium-sized enterprises (SMEs) internationalise through e-commerce.

SINGAPORE (Oct 30): The digital financial services industry in Southeast Asia is poised to triple in annual revenue generation by 2025 to reach an estimated US$38 billion ($52 billion), a new study has revealed.

SINGAPORE (Oct 8): Amazon.com Inc has launched a bigger local store and marketplace in Singapore, expanding its product selection and intensifying competition with rivals such as Alibaba Group Holding Ltd’s Lazada and Sea Ltd’s Shopee.

Singapore (Oct 7): “Officially Tuas is designed to handle 65 million TEUs (20-foot equivalent units), but I am sure PSA can squeeze a little more out of it if we work hard.” – Prime Minister Lee Hsien Loong, at the groundbreaking of the Tuas Megapor

SINGAPORE (Sept 19): Singapore Post (SingPost) today announced that its two e-commerce businesses in the US – Jagged Peak and TradeGlobal – have filed for voluntary petitions for relief under Chapter 11 of the US Bankruptcy Code.

(Sept 16): When Shopee was launched four years ago, the event was held at a second-floor café with about 30 people attending. On Sept 3, the e-commerce subsidiary of New York-listed, Singa pore-based Sea officially opened for business in its own brand-ne