Startups

Don't Miss:

16/05/2024 The TikTok ban could hurt small businesses that prosper thanks to mobile users ( General )
16/05/2024 WhatsApp could add a new sticker-related feature very soon ( General )
15/05/2024 Facebook and Instagram experiencing outages along the East and West Coasts of the U.S. ( General )
14/05/2024 Qantas to launch new route from Manila to Brisbane ( General )
13/05/2024 Meta expands paid verification service for businesses ( General )
10/05/2024 For complex iPhone AI tasks, Apple will use cloud-based servers running M-series chips ( Electronics )
10/05/2024 Samsung plans to add $1B to Vietnam investment annually ( Electronics )
08/05/2024 Digital content exporters open foreign offices to avoid tax ( General )
06/05/2024 WhatsApp’s new status update tray with previews is rolling out more widely in beta ( General )
02/05/2024 A Deep Dive into Grade A Buildings in Hong Kong ( General )
02/05/2024 Shopee races past other e-commerce rivals ( E-Tailing )
30/04/2024 TikTok, Facebook, and other foreign service providers pay $575M in taxes ( General )
29/04/2024 Sacombank assures no loss on $141M loan to Bamboo Airways ( General )

Retail Asia22/05/2020

Indonesian ride-hailing operator Gojek and Deliveroo, the food-delivery service, have joined forces in Singapore. Following a change in law allowing taxis to provide food and grocery deliveries – in response to increased demand during the Covid-19 lockdown – drivers will now have the option of making food deliveries around central Singaporean locations as a way […]

CONTINUE READING

Retail Asia12/05/2020

Deliveroo Singapore is partnering with WeCare@MarineParade to deliver iftar meals to vulnerable Muslim families to enjoy during Ramadan. As part of a joint partnership between WeCare@MarineParade, Islamic Restaurant Singapore and Deliveroo, Deliveroo riders will deliver 1,200 meals to 115 households and 428 beneficiaries nominated by WeCare@MarineParade between 4 May to 22 May. Generously donated by […]

CONTINUE READING

Retail Asia12/05/2020

In 2013, Simon Loong launched Hong Kong fintech WeLab using a small loan — just four years later the business was profitable. As one of the leaders of the second FT Asia-Pacific High Growth Companies ranking, WeLab’s story is testament to the favorable business conditions that start-ups in Asia can enjoy. WeLab, an online platform […]

CONTINUE READING

Retail Asia02/04/2020

Grab has appointed a chief financial officer with extensive experience in scaling rapidly growing technology companies. Based in Singapore, Peter Oey reports to group CEO and co-founder Anthony Tan. He will be responsible forfinance operations, treasury, tax, procurement, and real estate and facilities, the firm said in an announcement on Wednesday. He will also work closely with Grab […]

CONTINUE READING

Retail Asia26/02/2020

The ongoing coronavirus outbreak has caused capital flows into mainland China’s startups to plunge 60 percent year-to-date. Year-to-date, Chinese startup fundraising registered $1.79 billion from a 6-year low of 168 deals – a major plunge from last year’s $4.18 billion and 440 deals in the same period, according to alternatives data provider Preqin. Venture capitalists […]

CONTINUE READING

Retail Asia05/02/2020

Grab on Tuesday announced the acquisition of Bento Invest, a Singapore-based Robo-advisory start-up for an undisclosed sum. It allows Grab to kickstart the offering of retail wealth management solutions to users, driver-partners, and merchant-partners via its app. With the acquisition, Bento will be rebranded as GrabInvest with products launched on the Grab app in the first half […]

CONTINUE READING

Retail Asia02/01/2020

Indian omni-channel eyewear retailer Lenskart has raised an investment of US$275 million from SoftBank Vision Fund. Several of the firm’s existing investors sold their stake in the business during the latest Series-G financing round. The new funding has lifted the firm’s total investments to date to $456 million, leaving Lenskart with a valuation of more […]

CONTINUE READING

Retail Asia11/12/2019

Viec.Co, a platform connecting employers and freelancers, scored the highest in a startup competition organized by VnExpress, Vietnam’s most-read online newspaper. Viec.Co surpassed other contestants in the top 5 to be named the winner of the Vietnam Startup 2019, which concluded in the final Gala on December 2 in Ho Chi Minh City. Themed “Unicorn […]

CONTINUE READING

Retail Asia13/11/2019

Venture capital deals in Asia Pacific dropped by one-fifth in the third quarter, attributed to a Chinese economic slowdown, but tailwinds await due to upcoming policy reforms. Total venture capital deal value in the region dropped to $14.92 billion in the third quarter, compared to $18.61 billion in the second quarter, according to recent KPMG […]

CONTINUE READING

Retail Asia12/11/2019

Start-ups are now able to open an OCBC business banking account in Singapore immediately after incorporation, rather than having to wait one day. Once a business is incorporated, OCBC Bank can validate the start-up’s business profile issued by the Accounting and Corporate Regulatory Authority (ACRA). This is made possible due to an Application Programming Interface […]

CONTINUE READING

Retail Asia31/10/2019

Gojek CEO and founder Nadiem Makarim said on Monday he had resigned from the ride-hailing and payments company to join the cabinet of Indonesian President Joko Widodo. “I have received a big honor to be able to join the cabinet,” Makarim told reporters at the presidential palace. Makarim said his specific role would be announced […]

CONTINUE READING

Retail Asia28/10/2019

It will join AFIN’s board of directors and work with the platform to support the global fintech community and financial industry to foster greater financial inclusion. Southeast Asia’s fintech community has been given a boost with Mastercard joining the ASEAN Financial Innovation Network (AFIN) as the platform’s second corporate founding member, the two parties announced […]

CONTINUE READING

Retail Asia21/10/2019

Think-Thailand-Bangkok-Tuktuk-159171902-javarman3-copy-1024x585.jpg

Amidst growing investor interests in firms focussed on Southeast Asian consumers, Thailand, and the Philippines are seeing a pick-up in initial public offerings (IPOs). Thailand is expected to shine next year, says Credit Suisse. Although Singapore still leads on overall first-time share sales in Southeast Asia in 2019, it has achieved this mainly through offerings of […]

CONTINUE READING

Retail Asia16/10/2019

bird_scooters_courtesy_bird_800x500.0.jpg

Bird, an electric scooter rental company, said on Thursday it had raised $275 million in a funding round led by Canadian pension fund CDPQ and Sequoia Capital, as it looks to take a bigger share of a rapidly growing transportation sector. The deal values the firm at $2.5 billion before the investment, Chief Executive Officer […]

CONTINUE READING

Retail Asia14/10/2019

Struggling grocery retailer and delivery startup Honestbee has been granted a four-month debt moratorium by the Singapore High Court. While two months shorter than the protection period the company sought from the court, it allows the business to restructure free from creditor pressure. Reports by Singapore business media show Honestbee owed around US$236 million in […]

CONTINUE READING

Retail Asia27/09/2019

The fintech arm of gaming hardware manufacturer Razer has appointed the former group president of Singapore sovereign wealth fund GIC as an advisory board member. Lim Siong Guan joins Razer Fintech as an advisory board member as the firm enters its next growth phase to expand regionally and globally. Lim currently is a professor at the […]

CONTINUE READING

Retail Asia26/08/2019

South Korean fintech unicorn, Viva Republica, raised $64 million for its financial service platform Toss pushing the firm’s total value to $2.2 billion. The Seoul-based fintech has raised a total of $250 million, including $80 million in the December round, and new funding joins prominent existing investors such Singapore’s GIC and Sequoia Capital. Viva Republic […]

CONTINUE READING

Retail Asia13/08/2019

Struggling grocery delivery company and grocer Honestbee has won another new lease on life with the appointment of a new CEO who has promised to revive the business with the support of investors. Details of the additional investment were not immediately clear. Ong Lay Ann took up the role without fanfare on July 15 from […]

CONTINUE READING

Retail Asia02/08/2019

Digital-payments company Visa has invested an undisclosed amount into Southeast Asian ride-sharing and services startup Go-Jek giving it a foothold in the company’s payments platform. The two companies say they will work together to provide greater options for cashless payments and more seamless experiences for consumers across Indonesia and Southeast Asia. Indonesian-based Go-Jek, which has […]

CONTINUE READING

Retail Asia22/07/2019

The use of fintech products and services in Singapore has grown substantially in the past two years, though the country still lags China and India by a large margin. The fintech adoption rate among Singapore consumers has almost tripled to 67 percent in 2019 from just 23 percent in 2017, according to the «Global FinTech […]

CONTINUE READING

About Retail News Asia

Retail News Asia is committed to providing local and global retailers with the latest news from the Asian retail market on a daily basis.

We have resources for everyone from independently owned business owners to online-only retailers and major chains expanding their reach throughout the Asian market. Retail News is “the news source” with over 50 weekly posts and 13,6 million readers.

CALL US ANYTIME

Most read

Retail updates

Stay up to date of the lates updates and retail news from Asia.

X