The ‘potential’ of South-East Asia’s e-commerce market claims another high-profile victim this year, with Ensogo joining Rakuten in announcing its withdrawal from the region’s e-commerce business.
When the ‘business frame’ is broken, tinkering at the edges is not going to work, writes Anwar Jumabhoy – who brings in football to explain his points!
iflix has announced the appointment of Rocket Internet alumni and startup growth specialist Martin Johansen as its head of new markets.
While most of the startup ecosystem hails the Alibaba deal for Lazada as being positive, Karamjit Singh presents two different views about its impact.
Rocket Internet has agreed to sell a 9.1% stake, on a fully diluted basis, in Lazada to China’s Alibaba for US$137 million. Lazada and Alibaba also entered into a transaction that includes Alibaba’s investment of US$500 million in Lazada.
The days when Internet companies dominated the e-commerce markets in South-East Asia may be coming to an end, writes Karamjit Singh.
Backed by a US$500-million investment commitment from one of Indonesia’s biggest conglomerates, Lippo Group, MatahariMall.com believes it is on the right path to becoming the biggest e-commerce player in the country.
SingPost has announced an updated organisation structure based on four pillars, saying that it has entered “a pivotal stage of its transformation journey.”
Faced by the rising tide of maturing, digitally-savvy customers, the future for banks is clearly digital, and evidence from Asia suggests that banks in that region will be at the forefront of this trend, writes Martin Frick of Temenos.
At the recent Forrester CMO + CIO Conference 2015 in Singapore, SingPost's Timothy Lee laid down a few laws to guide other companies in their digital transformation journey, reports Benjamin Cher.