Rakuten has decided its B2C model in South-East Asia will not work, Sumitomo has pulled out of Malaysia; Karamjit Singh looks at what this could mean.
Mobile marketplace startup Carousell has announced the appointment of former Airbnb executive Chai Jia Jih as vice president, International, effective March 2.
Mobile-first marketplace Carousell has launched its web platform, saying the move was in response to users and to help the community reach a wider audience, including those who access the Internet exclusively via desktop computers.
M-commerce marketplace Shopee, which has officially launched in its home market of Singapore, is planning to battle it out in the SEA C2C space, writes Benjamin Cher.
Copying business models that have worked elsewhere sometimes makes sense, but you must do it right: Make sure you understand what you’re copying, and more importantly, whether it will work here, writes Justin Hall.
Some of largest financial exits in South-East Asia will be in marketplaces. So long as the target market is large enough, then there is a very real possibility of creating a massive, sustainable marketplace, writes Justin Hall of Golden Gate Ventures.
Singapore-based startup Carousell said it has partnered with Sequoia India and secured US$6 million in Series A funding.
Rakuten Ventures has announced the launch of a US$100-million global investment fund that will target investments in startups and companies in Israel, Asia Pacific and the United States.
Carousell has expanded its partnership with SPH Magazines via its subsidiary BluInc Media to bring over 1.6 million fashion and beauty sales listings to the digital editions of selected magazines in Malaysia.
Two former Rocket Internet senior executives from Latin America have launched Duriana, which they described as a “mobile-first, location-based, peer-to-peer marketplace application for Singapore.”