“Unless we raise $20 million by midnight, boo.com is dead”. So said boo.com CEO Ernst Malmsten, on May 18th 2000. Half the investment was raised, but this was too little, …
Trouble brews at eBay
US-based ecommerce giant eBay has just fired its product and tech team in India, except 15 who may be moving to the US. These were staff working out of eBay’s …
Arcadier launches DIY marketplaces
Singapore-based Marketplace-as-a-Service (MaaS) company, has recently launched a do-it-yourself marketplace technology named Arcadier Marketplaces. Users can create their own marketplace with quick setup and easy customisation (with no coding necessary) …
[Breaking] Ensogo to shut all Southeast Asian marketplaces, lay off staff
Ensogo’s already disappointing year has taken a turn for the worse. Today it announced it’s shutting down all business units in Southeast Asia and laying off all its staff. The so-called …
The Ensogo scam on a global scale
[Updated] June 21st, 2016 In the latest move, the Ensogo CEO has resigned and they have just announced they are shutting down all operations, and lay off all its staff …
“Malaysia, now it’s your time to save money.” – Cuponation
CUPONATION, Rocket Internet’s latest venture is slated to make inroad into Malaysia, its fourth APAC market after India, Singapore and Australia. Launched in 2012, CUPONATION is part of the CUPONATION …
Dah Makan prepping to shake the startup scene
If you’ve ever ordered from Rocket Internet’s FoodPanda, and feeling a tinge of disappointment at the sight of the food that was eventually delivered to you (messed up, cold … …
Something’s wrong over at Ensogo
[Updated] June 21st, 2016 In the latest move, the Ensogo CEO has resigned and they have just announced they are shutting down all operations, and lay off all its staff …
Lazada’s complete redesign coming in May?
After the massive US$1 billion Alibaba acquisition, all eyes are on Lazada. And the folks at the Rocket Internet backed venture has already started their first move — a complete …
Alibaba acquires controlling stake in Lazada
Alibaba Group Holding Limited and Lazada Group S.A. announced today that Alibaba entered into an agreement to acquire a controlling stake in Lazada, a leading eCommerce platform in Southeast Asia. …
