Alibaba’s Lazada cuts staff across Southeast Asia in fresh round of layoffs

[ad_1] Lazada is the third-largest e-commerce player in Indonesia, after Sea Limited’s Shopee and Tokopedia, according to Momentum Works. Matt Hunt | Lightrocket | Getty Images SINGAPORE — Alibaba-owned Lazada…

TikTok and GoTo team up in Indonesia, threatening Southeast Asia’s e-commerce giant

[ad_1] BRAZIL – 2023/05/23: In this photo illustration, the Shopee logo is displayed on a smartphone screen. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images) Rafael Henrique | Sopa…

Shares of Tencent-backed J&T Express fall in lackluster Hong Kong debut

[ad_1] Courier handing over package asking female customer to do electronic signature, delivering, receiving, efficiency 10’000 Hours | Digitalvision | Getty Images Shares of Indonesia’s J&T Express fell 1.33% when…

After blockbuster Microsoft deal, gaming giants are still sitting on $45 billion cash hoard

[ad_1] Gamers play the video game “Star Wars Battlefront II” during the “Paris Games Week” on Oct. 31, 2017. Chesno Publicly listed gaming companies are sitting on a $45 billion…

Alibaba’s Lazada is courting sellers affected by Indonesia’s e-commerce ban on social media

[ad_1] Lazada is the third-largest e-commerce player in Indonesia, after Sea Limited’s Shopee and Tokopedia, according to Momentum Works. Matt Hunt | Lightrocket | Getty Images Lazada, a Southeast Asian…

Indonesia to ban purchases on social media like TikTok, says it will further regulate e-commerce

[ad_1] Two sellers offering merchandise for sale through a TikTok livestream. Bay Ismoyo | Afp | Getty Images Indonesia’s ministry of trade said Tuesday it is working to further regulate…

Singapore’s Grab says its ride-hailing unit is on track to hit pre-Covid levels by the end of the year

[ad_1] Signages at the Grab Holdings Ltd. headquarters in Singapore, on Sunday, Aug. 20, 2023. Grab released earnings results on Aug. 23. Photographer: Ore Huiying/Bloomberg via Getty Images Ore Huiying…

Sea pivoted to growth over profits as it faced rising competition from TikTok, Lazada, analysts say

[ad_1] Forrest Li, chief executive officer of Sea Ltd., in Singapore, on Wednesday, May 3, 2023. Ore Huiying | Bloomberg | Getty Images Shares of Southeast Asian tech giant Sea…

Stocks making the biggest moves midday: Tesla, IBM, American Express, AT&T and more

[ad_1] Stocks making the biggest moves midday: Tesla, IBM, American Express, AT&T and more  CNBC [ad_2] Source link

These tech giants are still making money, but layoffs are coming hard and fast

[ad_1] Google and Facebook parent Meta are some of the companies that have laid off workers in recent months. Beata Zawrzel | Nurphoto | Getty Images From the U.S. to…