Grab unveils cross-border remittance product, official launch in early 2019

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Grab’s new offering will allow both banked and unbanked senders to remit money instantly and securely to recipients in another country using their GrabPay wallets.

Flipkart is in for major changes with Walmart in driving seat

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Prior to the Walmart buyout, Flipkart had largely operated without the bureaucratic, process-driven trappings of a large listed company.


Tencent beats earning expectations amid concerns about gaming business

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Tencent’s revenue grew at its slowest pace in three years as a Chinese clampdown on gaming licenses continued to hammer its bread-and-butter division.


India: SAIF-backed FarEye acquires logistics marketplace Dipper Tech

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Dipper’s 20 employees will be absorbed into FarEye and the company will be rebranded as FarEye Transportation.


Myntra future uncertain as Walmart puts it under Flipkart

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Until now, Myntra, while being a wholly owned unit of Flipkart, has operated completely independently.


UOB invests in Grab, Go-Jek partners DBS in latest financial services salvo

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Grab has forged a strategic alliance with United Overseas Bank Ltd (UOB), which entails an undisclosed investment from the lender into the ride-hailing unicorn. 


After Walmart payout, Flipkart top gainers may turn investors

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In May, Walmart agreed to buy a 77% stake in online retailer Flipkart for $16 billion.


E-commerce growth, rising e-wallet adoption to help Asia drive digital payments growth globally

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In Singapore, mobile commerce is on track to overtake desktop commerce to be the most preferred channel in 2019 and will make up for 52 per cent of all online sales in the city-state.


In record haul, Alibaba Singles’ Day rakes in $30b in online sales

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Singles’ Day, or Double 11, is the world’s biggest online sales event, outstripping the sales of U.S. shopping holidays Black Friday and Cyber Monday combined.


NYSE-listed LightInTheBox acquires SG e-commerce firm Ezbuy for $86m

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Founded in 2010, Ezbuy boasts more than 3 million customers from Singapore, Malaysia, Indonesia, Thailand and Pakistan.