Despite months of down or flat funding rounds, the SEA ecosystem has shrugged off news of MOL Global’s delisting to power ahead with Ninja Van’s Series B funding, writes Karamjit Singh.
Abraaj has led a US$30mil Series B round of fundraising for Ninja Van, a technology-enabled, last-mile logistics provider with operations in Singapore, Malaysia and Indonesia, and most recently Vietnam.
Traditional industries that have been dismissed as being resistant to change are already being transformed by the Internet of Things (IoT), and here are some examples, from retail and logistics to healthcare.
Bangkok-based e-commerce solutions provider aCommerce intends to make Indonesia its biggest operations centre, and has begun its expansion in the republic.
While 250 million consumers are now connected via smartphones and 100 million engage in online transactions, e-commerce in SEA is proving to be a tough nut to crack due to constraints in the region’s logistics and payments infrastructure, according to a Bain-Google report.
Lazada Malaysia is experimenting with a same-day delivery service in the Klang Valley with its own fleet of riders, and that’s just the start.
The xCommerce market – which includes e-commerce and other types of online business – will grow rapidly in Asia Pacific, rising from nearly US$7 trillion in 2015 to nearly US$17 trillion in 2019, according to IDC.
UPS has equipped its drivers in Malaysia with the fifth generation Delivery Information Acquisition Device (DIAD V) that it said would increase consistent connectivity and visibility.
SingPost attributed its strong revenue growth to its continuing expansion into e-commerce and logistics activities, as well as contributions from new subsidiaries.
Thai startup unveils tool that helps retailers list their products across multiple marketplaces, announces plans to penetrate Malaysia and Vietnam this year.