Hiroshi Mikitani: The e-commerce tycoon transforming Japan’s digital landscape
Hiroshi Mikitani's journey from a young entrepreneur to the billionaire CEO of Rakuten is a compelling story of vision, resilience, and innovation
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Spotlight on Singapore’s Most Promising Tech Startups
Singapore has become a breeding ground for innovative startups across various sectors. With a vibrant ecosystem supported by government initiatives, venture capital investments, and a pool of talent, the city-state is home to a plethora of tech startups poised for significant growth.
Unveiling Singapore’s top digital marketing agencies
Ogilvy, a household name in the marketing world, boasts a strong presence in Singapore with its integrated digital marketing services.
AI revitalizes e-commerce at 2024 China international fair for trade in services
The 2024 China International Fair for Trade in Services in Beijing highlighted the significant impact of artificial intelligence (AI) on the e-commerce sector.
Alibaba expands to dual primary listing with upcoming Hong Kong debut
Alibaba's strategic move toward a dual primary listing on the Hong Kong Stock Exchange is generating major market interest, particularly regarding its potential inclusion in the Hong Kong Stock Connect program.
Walmart divests from JD.com to strengthen Sam’s club business in China
Walmart first became a major shareholder in JD.com in 2016 when it sold its online grocery platform Yihaodian to JD in exchange for a 5% stake, worth around $1.5 billion at the time.
Nike halts online sales in Turkey amid new customs tax regulations
The new Turkish customs regulations lower the tax-free threshold for online purchases to 30 euros and raise tax rates to 30% for EU goods and 60% for other international goods.
Court grants TMON and WeMakePrice one month for self-debt restructuring
A spokesperson for the court emphasized the importance of this period, stating, "This extension is a critical opportunity for TMON and WeMakePrice to develop viable strategies for debt management and business recovery. The court expects both companies to use this time effectively to avoid further financial deterioration."
South Korean Government steps in with KRW 560 billion to resolve Tmon, WeMakePrice vendor payments
The two platforms collectively owe a substantial 213.4 billion won to their vendors, with Tmon responsible for 128 billion won and WeMakePrice for 85.4 billion won. This amount is anticipated to rise as more transactions near completion, as estimated by the Korea Herald.
FirstCry to file red herring prospectus for IPO this week, valuation expected between $3-3.5 billion
FirstCry, which was valued at $2.8 billion during its most recent private funding round, has carefully prepared for this public offering. The company refiled its draft IPO papers with the Securities and Exchange Board of India (SEBI) on April 29, incorporating updated financial metrics and responding to SEBI’s requests for additional details.
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