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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.
Southeast Asia's tech scene faces challenges as startup funding declines for the third consecutive year, with only a few deals reported this week. Notable funding includes India's Apna Mart raising $25 million, while M&As feature Dubdub.ai's acquisition by Observe AI. Despite setbacks, there is optimism for continued innovation and problem-solving in the region.
HKT has improved operational efficiency through AI scheduling, promoting green services and accelerating the ICT sector's green transformation. At MWC 2025, Huawei and GSMA Intelligence introduced the Green Network Index, emphasizing the need for sustainable practices and collaboration among global operators to achieve carbon neutrality and enhance energy efficiency. Key players like Globe and Turkcell shared their strategies for integrating renewable energy and reducing carbon emissions, aiming for significant sustainability milestones by 2050.
PayMongo has announced a partnership with fintech firm Mochi to enhance its billing services. This collaboration aims to streamline payment processes and improve overall customer experience in the financial technology sector.
PayMongo has teamed up with fintech firm Mochi to enhance payment and billing processes for businesses in the Philippines. This partnership integrates Mochi’s billing automation with PayMongo’s payment platform, streamlining financial operations and improving cash flow management as digital payments are projected to surpass US$107 billion by 2025. The collaboration addresses the growing demand for efficient and secure financial tools in the evolving digital economy.
Nestlé S.A., the world's leading food group, reports its sales breakdown by product family: powdered and liquid beverages (26.9%), pet food (20.7%), pharmaceutical and nutrition products (16.6%), prepared dishes and seasonings (11.7%), dairy and ice creams (11.4%), chocolates and cookies (9.2%), and packaged waters (3.5%). Geographically, sales are concentrated in the United States and Canada (35.2%), followed by China (5.9%), Brazil (4.4%), and several European countries, with Switzerland at 1.2% and the UK at 4%.
Kaya Founders, a Philippine venture capital firm, has made three new investments and two follow-on investments in early 2025, despite a challenging funding landscape for startups in Southeast Asia. The new ventures include LenderLink, ProTech, and Foodoo, alongside pre-series A investments in Sourcy and Edge Tutor. The firm focuses on AI-powered B2B platforms, tech-enabled B2C models for the Philippine middle class, and embedded credit solutions for SMEs and consumers, having backed over 50 companies across various sectors.
Dubai-based startup Xpanceo is set to commercialize smart contact lenses, unveiling five prototypes at the Mobile World Congress Barcelona. With plans to deliver an upgraded prototype by 2026, the company aims to integrate features like hormone and glucose tracking, leveraging advancements in academic research and securing $40 million in funding. In contrast to Mojo Vision, which pivoted to micro-LED technology after raising over $150 million, Xpanceo has made significant progress with less capital.
The Bangko Sentral ng Pilipinas (BSP) is reducing its intervention in the peso market as inflation remains within the 2%-4% target for seven months. The peso has appreciated nearly 1% against the US dollar this month, positioning it as Asia's second-best performing currency, which may allow for a potential rate cut.
In 2024, over 52% of startup deals in the Philippines were fueled by foreign direct investments (FDIs), a significant rise from 36.2% in 2023, according to the Philippine Venture Capital Report 2025. Local investors contributed 23.8%, while mixed deals involved both domestic and international backers. The fintech sector led in attracting investment, with growing interest in direct-to-consumer and cleantech industries, reflecting the expanding middle class's demand in health, energy, and agriculture.
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taobao expands cross-border offerings to enhance shopping experience in asia
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11:30 30.03.2025
southeast asia startup funding declines as major deals bypass the region
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10:30 29.03.2025
huawei hosts green development elite club at mwc 2025 in barcelona
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14:03 28.03.2025
PayMongo collaborates with Mochi to enhance billing solutions
05:39 27.03.2025
PayMongo and Mochi partner to enhance billing and payment processes in Philippines
05:35 27.03.2025
nestlé maintains leading position in global food market with diverse product range
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16:59 26.03.2025
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Dubai startup aims to commercialize smart contact lenses by 2026
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08:00 25.03.2025
Philippines central bank reduces peso intervention amid easing inflation and rate cut prospects
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foreign direct investments dominate philippine startup deals in 2024
07:01 25.03.2025
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