Chinese e-commerce giant JD.com has reportedly closed its sites in Thailand and Indonesia. In response to a request for comment by Pandaily, the company's spokesperson said that it will continue to serve global markets, including Southeast Asia, through its supply chain infrastructure.
Recently, on JobStreet, a recruitment website in Southeast Asia, Chinese coffee chain Luckin Coffee was shown to be recruiting store managers in Singapore, offering a monthly salary ranging from S$3,800 to S$4,900 ($2,824 - $3,641).
Chinese tech giant Alibaba plans to expand its Southeast Asian e-commerce subsidiary Lazada's business to Europe, seeking to promote overseas business growth amid slowing opportunities at home.
TikTok Shop, an e-commerce marketplace integrated into ByteDance’s TikTok, is launching its cross-border e-commerce business in more Southeast Asian countries including Thailand, Vietnam, Malaysia and the Philippines.
Ant Group has announced the appointment of Jia Hang as its General Manager for Southeast Asia. The Group said this newly-established position will help strengthen its talent and capacity building in the region.
TikTok's e-commerce unit is about to make a big push into Southeast Asia. At present, TikTok Shop has entered into Thailand, Vietnam and Malaysia.
Y.O.U, a makeup brand in based in Southeast Asia, announced on Wednesday that it has completed round-C financing of $40 million, led by Hidden Hill Capital.
IQIYI announced Monday that it has bolstered its leadership team with the appointment of three new country managers who will oversee the company's ambitious strategic growth plan in Southeast Asia.
If Didi Chuxing Technology Co., the Uber of China, succeeds in the initial public offering in 2018, it will bypass Uber to become the world’s first publicly listed ride-hailing company.