E-COMMERCE

Carousell merges with Telenor's 701Search

Online marketplace operator Carousell, which was started about seven years ago by three friends from the National University of Singapore (NUS), has made another leap in its growth story.

Carousell to merge with 701Search, valuing Singapore start-up at over $1.16 billion

SINGAPORE - Online marketplace operator Carousell has agreed to merge with 701Search, the classifieds firm owned by Norwegian telco Telenor Group, in a deal that values that Singapore-based start-...

Online shops hit new highs on Singles' Day sales

If you were stifling a yawn at work yesterday, chances are you were not alone.

E-commerce offers Thai small retailers big jump in reach and income

A SMALL Thai retailer who expands into online sales can boost takings by an average of 51 per cent a year, according to a new report released by an e-commerce platform provider.

Alibaba says Singles’ Day sales hit $17.7 billion in first hour

The figure is up 32 per cent from last year’s early haul.

Gojek, Grab waging a price war on everyday groceries in Indonesia

[JAKARTA] Indonesia's national dish of nasi goreng, or fried rice, has become a lot cheaper these days as the nation's two big ride-hailing apps wage a price war on everyday groceries.

Retail Reits should be able to weather e-commerce threat

TWO years since it made its foray into the local market, e-commerce giant Amazon has expanded its offerings with the launch of its Singapore website, which could put pressure on some retailers....

Startups, tech giants face tax test as Indonesia reins in e-commerce

[JAKARTA] Traditional members of Indonesia's Baduy tribe shun footwear and live in woven bamboo houses without electricity, harvesting honey from natural beehives and weaving intricate traditional...

Credit card skimmers target shopping websites popular with Singaporeans, 1,700 cards for sale on Dark Web

The skimmers use a malware which acts as a digital version of a traditional credit card skimmer - a small device installed on ATMs that intercepts bank card details.

Carousell appoints ex-Lazada exec as tech chief

Online marketplace Carousell has appointed former Lazada executive Igor Volynskiy, 39, as its new chief technology officer, taking over from co-founder Lucas Ngoo, who had been holding the role...

Shopee pumping more into user engagement and services for sellers

AS regional e-commerce develops in the next three to five years, merchants are likely to become more sophisticated and consumers will crave immersive user experiences, said Shopee's chief...