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Taobao is launching an English app in several Asian markets, aiming to enhance its appeal to non-Chinese customers and address past shopping challenges. While it leverages its connection to Lazada, it faces competition from established players like Shopee, known for better returns and after-sales support. The platform's clothing quality has reportedly improved significantly, prompting a potential resurgence in interest among shoppers.
Grab Indonesia has introduced Bayarin, a new feature enabling users to pay digital bills for others via a single payment link, marking the country's first Request to Pay (RTP) service. This feature supports various payments, including mobile top-ups, electricity, and health insurance, and allows users to send payment requests through messaging platforms like WhatsApp. Hadi Koe, Head of Marketing Platform at Grab Indonesia, noted that half of Grab’s digital transactions are made for others, underscoring Bayarin's potential to simplify family bill payments.
Fore Coffee has filed for an IPO amid a temporary trading halt on the local exchange due to a market dip. The company plans to use the funds for expansion, targeting 60 new stores this year, including a second location in Singapore.In other news, Grab is expanding its grocery segment in Malaysia, which has outpaced its food delivery growth for two consecutive quarters. The company is acquiring Everrise to enhance its presence in the grocery market, despite challenges in profit margins.
Grab's acquisition of Cambodian firm Nham24 highlights the potential of Cambodia's tech market, which has been largely overlooked in Southeast Asia's digital economy. This move signals Grab's intent to dominate a nascent market with low saturation, suggesting significant growth opportunities ahead. As the region evolves, Cambodia may emerge as a key player rather than an afterthought.
Huawei has launched its Pura X smartphone, the first in its flagship series to run entirely on HarmonyOS Next, featuring an AI assistant capable of humanlike emotional interactions. The device, powered by Huawei's Pangu large language model and enhanced by DeepSeek's AI, marks a significant step in the company's efforts to reduce reliance on Android. As Huawei aims to expand its ecosystem, it has attracted major apps to its AppGallery, while its smartphone market share in China has seen a rise despite ongoing challenges in the global market.
The Competition and Consumer Commission of Singapore (CCCS) has not received any merger notification from Grab or GoTo, despite reports of discussions. The CCCS advised both companies to seek legal counsel to ensure compliance with competition laws, as a merger could dominate the ride-hailing market in Singapore and Indonesia. Grab has not commented, while GoTo has limited its statements to stock exchange disclosures.
GoTo Group reported a 93% increase in net revenue for 2024, achieving positive annual adjusted EBITDA for the first time, despite remaining loss-making. The fintech segment, including lending and GoPay, drove growth with a 95% revenue increase, while outstanding consumer loans surged 2.7 times. The company is in merger talks with Grab, aiming for greater market share amid Indonesia's economic challenges.
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taobao expands cross-border offerings to enhance shopping experience in asia
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11:30 30.03.2025
Grab Indonesia introduces Bayarin for seamless digital bill payments
08:30 26.03.2025
fore coffee plans ipo amid market volatility and expansion efforts
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08:00 24.03.2025
Grab's acquisition of Nham24 highlights Cambodia's emerging tech potential
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10:30 23.03.2025
huawei launches pura x smartphone with harmonyos and emotional ai assistant
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09:40 20.03.2025
competition watchdog has not received merger notice from grab and goto
09:32 19.03.2025
GoTo reports strong revenue growth while navigating Indonesia's economic challenges
10:00 13.03.2025
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