TikTok’s Southeast Asia ambitions to take major hit with Indonesia ban
TOPSHOT – A staff of a small shoe manufacturer shows their new products to make an introductory video to be posted on social media in Bogor, West Java on September…
VinFast aims to sell up to 50,000 EVs in 2023 — but it’s far from its target
VinFast electric vehicles are parked before delivery to their first customers at a store in Los Angeles, March 1, 2023. Lisa Baertlein | Reuters Vietnamese electric vehicle maker VinFast‘s ambitious…
Indonesia to ban purchases on social media platforms like TikTok
Two sellers offering merchandise for sale through a TikTok livestream. Bay Ismoyo | Afp | Getty Images Indonesia’s ministry of trade said Tuesday it is working to further regulate e-commerce,…
Carousell says on track to profitability, set to reduce losses in 2023
Secondhand goods marketplace Carousell expects to “healthily” reduce its losses this year, putting it on track to profitability, the firm’s CEO told CNBC. “This year, we continue to expect revenue…
Foodpanda confirms talks to sell part of its Asia business, layoffs
A courier for Foodpanda, a meal-delivery service operated by Delivery Hero AG, checks his smartphone while sitting on a motorcycle at the company’s operations center in Bangkok, Thailand, on Friday,…