Tokopedia has garnered $1.1 billion from its latest funding round wherein it was valued at $7 billion. Tokopedia, an Indonesian e-commerce company, stated it has secured $1.1 billion from its latest funding round which was led by Japan’s SoftBank Group Corp and China’s Alibaba Group Holding Ltd. This investment follows a similar trend from last…
The high priority probes comes in the wake of yet another crash of a Boeing aircraft in Indonesia. Following the crash of a Lion Air jet in Indonesia last month, the U.S. Federal Aviation Administration has launched a high-priority probe of the safety analyses performed over the years by Boeing Co. The regulator has stated,…
Although this is Uber’s second such retreat from Southeast Asia, the deal suggests that Uber is taking a defensive positioning for a potential counter-offensive especially with its CEO Khosrowshahi gaining a foothold in Grab’s board. On Monday, in a move that marks Uber Technologies Inc’s second retreat from the Asian, the ride services firm has…
Uber Technologies collaborates with Creative Media Works to allow users across the globe to book rides through the popular BBM Messenger. On Monday, Uber Technologies stated it is collaborating with Creative Media Works, which operates as BBM Messenger, to allow users around the globe to book rides via the messenger service. ”With this partnership, BBM…
With the emerging e-commerce boom tapping only a fraction of retail brick and mortar sales, the vast potential for e-commerce has made Southeast Asia a battle ground for the world’s top online sellers, who are rapidly expanding their footprint in order to corner more marketshare. In a movie that marks the expansion of partnership between…
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