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„More than 1% of Indonesia’s economy already happens on Tokopedia,“ Tanuwijaya said. „We want to make it 5 percent.“ (Reporting by Fanny Potkin & Ed Davies; Editing by Jonathan Weber and Muralikumar Anantharaman)

„When that happens, it attracts more partners and it’s a virtuous upwards cycle. Great for business,“ said Tan, who scored a big win when Uber handed over its regional operations to Grab this year in return for a stake.

„They’re like a mascot now. I saw them being used as shields. Maybe they are not that strong but they are a good stunt,“ said a 27-year-old protester named Earn as she posed for a photo with three of the ducks.

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While the company continues to battle it out for India — the second largest smartphone market in the world after China — it’s likely Xiaomi will use the same retail strategy from Singapore across the Southeast Asian region as the company shifts its focus towards India, China and .

SINGAPORE, Dec 18 (Reuters) – Indonesia’s Tokopedia is lining up an initial public offering (IPO) worth at least $1 billion next year, two people with knowledge of the matter said, in what could be the biggest overseas listing by a Southeast Asian start-up.

The game is on. Everything is down to the speed.
No, I did not jump off the podium of Singapore Grand Prix. Staying ahead of 20 something car crazies is surely something, but staying ahead of 20 million is an aliens‘ idea that one can realize.

SINGAPORE, July 21 (Reuters) – Indonesian e-commerce firm Bukalapak has raised $1.5 billion in its initial public offering, the country’s largest issue, after pricing it at the top of an indicated price range, three sources familiar with the matter said on Wednesday.

Alibaba thoroughly dominates e-commerce in China mainly through its Taobao platform, and its continued strong earnings performances have underlined the strength of the sector even as the country’s broader economic growth has slowed.

Backed by $2 billion in funding from investors including SoftBank Group Corp’s Vision Fund and Alibaba, Tokopedia aims to create a „super-ecosystem“ with a wide range of services, including lending and payment services for both consumer and merchants.

The house-cleaning market in Singapore is expanding, in contrast to the general decline in the country’s service industry. Undergraduates and new grads have taken to freelance house-cleaning through agencies with websites that push their services to homeowners. A freelance house-cleaner in Singapore can make around S$1,500 (US$1,115, AU$1,430) per month with around 23 hours of work per week, according to business site Asia One.

The IPO by Indonesia’s fourth-biggest e-commerce company, which is backed by Singapore sovereign investor GIC and Microsoft among others, comes as Indonesia’s $40 billion e-commerce market is benefiting from strong pandemic-driven demand.