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Google, Temasek agree to invest S$475mil in Indonesia's online mall Tokopedia

October 26, 2020 2:44 PM

SINGAPORE (BLOOMBERG) - Google and Temasek Holdings have agreed to invest about US$350 million (S$475 million) in Tokopedia, people familiar with the matter said, a major cash infusion that will bankroll the Indonesian online mall's post-Covid-19 expansion.

Walmart's Flipkart to hire 70,000 in India ahead of big shopping event

September 15, 2020 5:03 PM

BENGALURU (REUTERS) - Walmart's Flipkart said on Tuesday (Sept 15) it would create 70,000 new jobs and employ many more as delivery partners and in other roles as it prepares for a surge in online shopping during the busy Indian festive season.

Spike in demand: Stinky durians enjoy online virus boom

July 31, 2020 11:49 AM

PETALING JAYA (AFP) - When a coronavirus lockdown confined Malaysians to their homes, street traders selling durians moved their pungent produce online - and have been enjoying an unexpected spike in demand.

Chinese liquor industry sees brisk sales as more people buy from online to drink at home

July 30, 2020 1:40 PM

BEIJING (CHINA DAILY/ASIA NEWS NETWORK) - Mr Lu Jiang, 45, has noticed that friends who are long accustomed to drinking wine at business dinners have developed a new habit: sampling it at home.

Indonesia stock exchange keen to see local listing of the country's unicorns

July 25, 2020 10:16 PM

JAKARTA - Indonesia, which has the highest number of unicorns in South-east Asia, is keen to have these start-ups listed on the country's stock exchange, and hopes to see millennials come in as investors of the companies whose apps they use daily, a top bourse official has said.

Amazon's Bezos to face unprecedented protests during India trip

January 13, 2020 6:28 PM

BANGALORE (BLOOMBERG) - Amazon founder Jeff Bezos is likely to be greeted by an unprecedented show of opposition during his short India visit this week, after thousands of small-time local retailers pledged to protest its pricing and exclusive-selling practices.

'Hinduphobics business': India backlash over toilet seat covers, shoes with images of Hindu gods on Amazon

May 16, 2019 8:19 PM

MUMBAI (REUTERS) - Amazon.com faced a social media backlash in India on Thursday (May 16) after toilet seat covers and other items with images of Hindu gods were spotted on the US retailer's website, making #BoycottAmazon the country's top trending topic on Twitter.

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