{
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[Source: Bloomberg]
Alibaba's ecommerce division, AIDC, has launched the "Bravo 102" initiative to recruit AI talent globally, with over 80% of its 2026 campus positions focused on AI roles. This strategic move aims to enhance AI integration across platforms like AliExpress and Lazada, improving functionalities such as search, recommendations, and customer service. The initiative reflects Alibaba's historical adaptability in response to market dynamics and competitive pressures from rivals like Amazon and Temu.
Tech in Asia and The Business Times are hosting the inaugural Asia Economic Summit, uniting leaders from various sectors to address business challenges in the region. The event features prominent figures like Andre Djokosoetono and Jixun Foo, with early bird tickets available until April 14.Cinch, a Singapore startup, is revolutionizing gadget access through a device-as-a-service model, allowing businesses to rent devices and reduce upfront costs. Meanwhile, Ant International has expanded its payment services in Sri Lanka, partnering with LankaPay to facilitate cross-border mobile payments, enhancing local merchant opportunities and tourist experiences.
GTA 6 and the Switch 2 are anticipated to significantly increase gaming expenditures, even as global import tariffs rise. This trend suggests a robust market response to new game releases and console innovations, potentially offsetting economic challenges.
AXA Hong Kong and Macau has partnered with Ant Bank and AlipayHK to launch insurance products through the AlipayHK app, including various life and savings plans. This collaboration aims to simplify the insurance application process and expand wealth management options, leveraging AlipayHK's user base of over 4.2 million. The partnership reflects a broader trend in Hong Kong's insurance market towards digital integration and personalized offerings, addressing consumer demand for better online experiences.
Eat Better, a Jaipur-based D2C snacking brand, has raised $2 million in a pre-series A funding round, co-led by Prath Ventures and Spring Marketing Capital. The company aims to expand its healthy snack offerings, including dry fruit ladoos and namkeens, capitalizing on the growing demand in India's healthy snacking market, projected to reach $4.95 billion by 2032. Despite trimming losses by 46%, profitability remains a challenge as competition intensifies with established players targeting the same health-conscious consumers.
Ola Electric has refuted claims of discrepancies in its February 2025 sales figures, asserting that 90% of reported orders were fully paid. Despite this, VAHAN data revealed only 8,390 registrations against the claimed 25,000 sales, raising regulatory concerns. The company's market share has declined from 35% to 30% as traditional manufacturers like Bajaj Auto and TVS Motors gain ground, underscoring the competitive challenges in the electric two-wheeler market.
Hoopi Holdings Pte Ltd, a collectibles and trading card platform, has secured its first institutional funding round led by Creative Gorilla Capital in Jakarta. The investment will facilitate Hoopi's expansion into Southeast Asia, with launches planned in Indonesia and Thailand later this year. Since its September 2024 launch, Hoopi has generated nearly US$2.25 million in gross merchandise value through over 40,000 paid orders, currently serving more than 20,000 active users and 3,000 registered sellers in Malaysia and Singapore.
The Competition Commission of India (CCI) is requesting information regarding the market share of quick commerce firms within the fast-moving consumer goods (FMCG) sector. This move aims to assess the competitive landscape and ensure fair practices in the rapidly evolving market.
Blackbird has secured $50 million in funding for its innovative blockchain-based payment and loyalty application designed specifically for restaurants. This investment aims to enhance customer engagement and streamline payment processes within the dining industry.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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