Lazada Undertakes Strategic Workforce Reshaping Amidst Intensifying E-commerce Competition in Southeast Asia
Alibaba-owned Lazada embarks on a significant round of layoffs across all Southeast Asian markets, impacting potentially hundreds of employees. The move is part of a proactive workforce transformation to enhance agility and streamline operations, reflecting ongoing challenges in the competitive Southeast Asian e-commerce landscape. 6 January 2024 – In the wake of widespread reports on downsizing at Southeast Asian e-commerce...
Plug and Play’s Malaysia Accelerator Sparks Innovation Frenzy with Inaugural Expo Day and Key Industry Collaborations
Plug and Play’s Malaysia Accelerator program celebrated its inaugural Expo Day, showcasing pitches from 10 selected startups and reinforcing the commitment of key industry players, including Khazanah Nasional, CelcomDigi, Sime Darby Plantation, and EDOTCO Group, to advance Malaysia’s innovation ecosystem. The program focuses on critical themes such as Digital Society, Sustainability, and Food Security. Executives from...
Muhammad Faizz of Keropok Mfaizz Emerges as Shopee Live Sensation, Transforming Rural Selling with Record-Breaking Success
Muhammad Faizz of Keropok Mfaizz, a top Shopee Live rural seller, achieved over RM500,000 in keropok lekor sales within three months. His ‘Packing Secara Live’ series, showcasing the packing process, garnered widespread acclaim, transforming his life and business. Faizz plans to expand further, sharing his success with his community and aspiring to be Malaysia’s top keropok online entrepreneur. 28 December 2023...
Shopee Super Awards 2023 Celebrates E-Commerce Excellence in Malaysia’s Thriving Marketplace
The Shopee Super Awards 2023, held at the Majestic Hotel in Kuala Lumpur, celebrated the achievements of Malaysia’s e-commerce leaders. Recognizing 100 brands, sellers, and talents, the awards highlighted innovation and quality in a booming digital marketplace, with Shopee’s commitment to empowering businesses evident in significant seller growth and successful initiatives. 28 December 2023 – The prestigious Shopee...
Hmall Unleashes Trailblazing Innovations to Redefine E-commerce
Hmall, a trailblazing e-commerce platform, introduces groundbreaking innovations, including a three-layer affiliate system, global seller accessibility, and robust tools for merchants and buyers, aiming to revolutionize the online shopping experience. The platform’s unique model incentivizes members and positions it as a leader in the evolving landscape of global e-commerce. 27 December 2023 – Hmall...
One 97 Communications Initiates Strategic Workforce Adjustments for Enhanced Financial Efficiency and Sustainability
One 97 Communications, the parent company of Paytm, announces a measured reduction in its workforce as part of cost-cutting measures, emphasizing a focus on achieving 10-15% savings in employee costs through the application of Artificial Intelligence. 27 December 2023 – In a recent development, One 97 Communications, the parent company of renowned fintech firm Paytm, has confirmed a calculated “slight reduction” in...
TikTok Shop Malaysia Launches Exclusive TikTok Shop Mall for Premium Shopping Experience
TikTok Shop Malaysia introduces TikTok Shop Mall, an exclusive channel offering over 600 local and international brands for Malaysian shoppers. This curated marketplace ensures authenticity, reliable customer service, and exclusive benefits, emphasizing TikTok Shop’s commitment to supporting local SMEs. The platform provides a premium shopping experience with hassle-free returns, free shipping, and special vouchers. TikTok Shop...
Alcon, Novo Nordisk, and Fujitsu Lead the Best Places to Work in Asia Pacific for 2023
The Best Places to Work organization has released its list of the top 20 workplaces in the Asia Pacific for 2023, with Alcon, Novo Nordisk, and Fujitsu securing the top positions. Recognizing outstanding employers with a focus on exemplary HR practices and workplace cultures, the program emphasizes companies committed to fostering a people-first culture and supporting employee career goals. 19 December 2023 – The Best Places to...
MDEC, CGC Digital, and PayNet Join Forces to Bridge a RM90 Billion Gap
Malaysia Digital Economy Corporation (MDEC) collaborates with CGC Digital and PayNet to address a RM90 billion financing gap for MSMEs. The alliance focuses on fostering financial inclusivity through innovative alternative credit-scoring solutions, leveraging technologies such as artificial intelligence and machine learning. 19 December 2023 – In a strategic move to address the RM90 billion financing gap afflicting micro, small,...
Shopee Premieres ‘Shopee Rai Lokal’ Documentary at Super Awards 2023, Showcasing Triumphs of Malaysian Entrepreneurs
The documentary “Shopee Rai Lokal” premiered at Shopee Super Awards 2023, showcasing the stories of three Malaysian entrepreneurs who achieved success in e-commerce. The film, a collaboration with award-winning filmmaker Khairil M. Bahar, explores the challenges and triumphs of local sellers, emphasizing Shopee’s commitment to inspire and spotlight the resilience of the Malaysian business community. 18 December 2023...
Malaysian Communications Minister Clarifies 10% Online Purchase Tax, Emphasizes Exemption for Local Goods
Communications Minister Fahmi Fadzil clarifies that the 10% sales tax on online purchases in Malaysia applies only to imported goods valued under RM500. Locally produced items are exempt, aiming to enhance their competitiveness. The minister emphasizes the need for public understanding and directs individuals to the Customs Department’s official website for detailed information. He also applauds the environmental initiative...
Huawei-MDEC Go Global Accelerator Programme Launched to Propel Malaysia’s Tech Companies to International Success
Huawei Malaysia, in collaboration with MDEC, introduces the Huawei-MDEC Go Global Accelerator programme to support local technology companies in expanding globally, fostering digital skills, and driving digital exports. The initiative includes comprehensive support and an investment of up to US$5 million in Huawei Cloud credits. Finalists will receive grants, upskill, and access untapped markets through co-branding opportunities. 14...
India-Malaysia Startup Bridge Aims for RM500 Million Investment Boost in Malaysia’s Thriving Startup Ecosystem
The India-Malaysia Startup Bridge, part of the Indian-Asean Startup Summit, aims to attract RM500 million in investments into Malaysia’s startup ecosystem. With a focus on fostering collaboration and innovation, the summit provides Malaysian startups opportunities to tap into India’s digital technology sector. The event also prioritizes empowering women-led startups and serves as a catalyst for cooperation between the two...
Carousell Group’s Circular Economy Impact Report Reveals Environmental Benefits of Secondhand Shopping in Southeast Asia
Carousell Group’s inaugural Circular Economy Impact Report, released on December 8, 2023, reveals that choosing secondhand items over new ones is a more environmentally conscious choice. The report quantifies Avoided Carbon Emissions, highlighting the platform’s commitment to sustainability and the positive impact of secondhand transactions in reducing carbon footprint. 14 December 2023 – Carousell Group, the premier...
Motorola Chooses VTEX and PayU to Elevate Digital Commerce Experience in India
Motorola India has partnered with VTEX, the global digital commerce platform, to enhance its digital-first strategy and strengthen its direct-to-consumer (D2C) approach. Leveraging VTEX’s responsive platform and a collaboration with PayU, Motorola has implemented affordability schemes and streamlined payment methods, experiencing exceptional growth and doubling its business every month since going live in July 2022. 5 December...
Shopee’s Strategic Initiatives Propel Malaysian Marketplace Inclusion in 2023
Shopee’s focus on livestreaming and affiliate commerce in 2023 drives marketplace inclusion in Malaysia, with significant engagement on Shopee Live and successful collaborations between affiliates and local sellers. The platform’s commitment to technological advancements sets the stage for further growth and inclusion in the years ahead. 5 December 2023 – Shopee, Southeast Asia & Taiwan’s leading e-commerce...
Cyber Monday Sets New Online Shopping Record with $12.4 Billion in Sales
Cyber Monday in the U.S. has set a new online shopping record, with sales reaching an impressive $12.4 billion, a 9.6% increase from the previous year. Despite cautious forecasts from retailers anticipating inflation-constrained budgets, enticing discounts across various categories drove consumers to splurge on Christmas purchases. Peak discounts of 31% in electronics and 23% in apparel, along with increased adoption of Buy Now, Pay...
Former CNBC Asia Co-Host Lisa Oake Unveils A Pioneering Hub for Professional Well-Being
Lisa Oake, former co-host of CNBC Asia’s “Squawk Box,” launches ExecutiveCounselling.com, a Singapore-based online counselling platform catering exclusively to executives and professionals. The platform aims to reduce the stigma around seeking mental health support, offering a safe space for high-achieving individuals facing challenges. Sessions are conducted by Singapore-registered therapists with a deep...
Seener Internet Elevates Global Presence with Snuppee Mall Launch in Malaysia
SEENER INTERNET TECHNOLOGY CO., LTD., valued at $50 million, announces its headquarters relocation to New York, USA, with a strategic focus on the Malaysian market for its flagship “Snuppee” mall APP. The comprehensive e-commerce platform, boasting diverse product categories, aims to capture the Malaysian audience’s attention through tailored marketing strategies. The company plans an extensive expansion in Malaysia...
Startup Week Malaysia Ignites Entrepreneurial Spirit Nationwide
Startup Week Malaysia, a nationwide initiative fostering entrepreneurship, is set to take place from December 1-9. Spearheaded by a coalition of leading startup organizations, the event aims to unite founders, investors, and community leaders. The week includes educational sessions, keynote speakers, and unique engagements, providing opportunities for networking and mentorship. For more information and participation, visit...
