Asia

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Singapore’s Ecommerce And Logistics Company Anchanto Launches New Software To Help Merchants Sell On A Multitude Of Marketplaces

Ecommerce and logistics company Anchanto has launched a new software platform that helps merchants, brands, and distributors sell products on a multitude of marketplaces. The product, called SelluSeller, was announced today during a company event in Singapore. Users can manage their inventory and simultaneously upload their listings to several ecommerce websites, including Lazada, Matahari, and Flipkart.
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German Media Company Hubert Burda Media Acquires Hong Kong’s Luxury News Portal LifestyleAsia

Burda International, a unit of German media company Hubert Burda Media, has acquired LifestyleAsia.com, a luxury products news portal with operations in Hong Kong, Singapore, Thailand and Kuala Lumpur. Together with Burda’s brands (Prestige, August Men and Pin), this strategic acquisition will form a leading digital and print luxury content platform in Southeast Asia and Hong Kong.
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EZ-Link To Partner With Alibaba Cloud And NUS To Pilot A Big Data-Analytics Project

In a tie-up between three organizations, Alibaba Cloud, the National University of Singapore and the city-state’s card-based wallet system, EZ-link, announced a Memorandum of Understanding to boost big data capabilities. EZ-Link will partner with Alibaba Cloud and NUS to pilot a big data-analytics project. The project will analyze card usage patterns across the various schemes, touch points and customer categories.
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500 TukTuks, 500 Startups’ Microfund For Thailand, Has Finally Closed At A Sum Of US$15.4 Million

500 TukTuks, 500 Startups’ microfund for Thailand, has finally closed at a sum of US$15.4 million, up from US$10 million at its launch. Led by Krating Poonpol and Natavudh Moo Pungcharoenpong, the fund gained massive interest from high net-worth individuals and corporate investors, leading to the increase in its size. With more capital, 500 TukTuks is moving at full speed.
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Netflix Competitor In Asia Hooq Raised Funding From Singtel, Sony, Warner

Hooq, a Netflix competitor in Asia, raised US$25 million from its existing investors Singtel Sony Pictures, and Warner. The streaming service – majority-owned by Singapore’s top telco – first launched in India, Thailand, and the Philippines in early 2015, later also taking on Indonesia and Singapore. This round takes Hooq’s total amount of funding to US$95 million.  
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