Around A$3 million (US$2.7 million) of that will be going straight into the business, with the rest going to other channels such as outgoing shareholders.
Ecommerce is already big in Asia, and it only has room to grow. As local startups and global players tap into new opportunities, each country also creates its own ecommerce leaders. On top of these sites, social media is even becoming a new avenue for consumers to shop. While many countries still struggle to find better payment options and access to the internet, it’s worth studying how new ecommerce players and the evolving demand of consumers shapes how Asians shop.
Already, the company has achieved a measure of success in both Southeast Asia and India, where most of their clients come from.
Paidy is diving into the risky side of payments by vouching for customer purchases.
India’s ecommerce boom is at high velocity, but the nation’s online groceries sector has been a lot slower to take off.
There are many more options than just Rakuten and Yahoo.
Big data and face recognition are two tech sectors that had nothing in common a few years ago, but soon they will converge in more ways than one.
Japanese ecommerce giant Rakuten opened a development center in Bangalore in June. Now, so has Redmart from Singapore.
VIP Plaza is moving really fast in Indonesia. In just six months, the team has grown to a 75-man team. And they’re still aggressively hiring for more talents.
Rocket Internet – which runs major web services and estores such as EasyTaxi, Foodpanda, and Lazada – intends to proceed with an IPO on the Frankfurt Stock Exch...
Rakuten’s international business just got a shot in the arm.
29-year-old Ernest Tjahjana is the founder and CEO of Kukuruyuk, and claims that his company is the first ecommerce business in Indonesia specializing in sellin...
Gogonesia is an online booking system that lets users book adventures and day trip tours in Indonesia. Melieyana Tjioe, the site’s 28-year-old founder and gener...
Remember when Facebook $16 billion raised in May 2012? Alibaba is about to blow that to pieces.
Yuwono Wicaksono, founder of the pint-sized, Jakarta-based ecommerce site GudangImpor, wants his budding company to become the hub for Indonesian shoppers looki...
KakaoTalk adds in epayments to its messaging app. But at the moment this is just for South Korea and for Android users.
Renters can choose from options such as a luxury motor yacht in Sydney to a submarine in Bali.
India's ecommerce players are busy figuring out the ways to score in a diverse mobile-first market. Who is best placed to ride this rising tide of mcommerce?
They have secured an undisclosed amount of Series A funding from two investors - GMO Global Payment Fund and Wavemaker Pacific.
In the last six months, they have seen a monthly user growth rate of 20 percent, with their users actively saving over 5,000 new products onto ShopperBoard per ...
WeChat, China’s most popular mobile messaging app, has already become a handy tool for businesses in China to engage with Chinese customers.