Singapore's social commerce player WEBUY acquires Indonesia's Chilibeli

From left to right: Chilibeli co-founders Damon Yue, Alex Feng, and Matt Li. Source: Chilibeli.

Singapore-based social e-commerce firm WEBUY has acquired its Indonesian counterpart Chilibeli as part of its expansion into Southeast Asia’s biggest market, according to a statement.

The companies did not disclose the terms and amount of the transaction.

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