Australian logistics company Shippit has acquired Singapore-based tech developer Luwjistik in a US$11.3 million deal. Following the acquisition, Shippit will double down on growth in Southeast Asia by leveraging Luwjistik’s tech, expertise, and local network.
If you think the past few years have been tough for marketers, just wait. This Integrate survey finds that many companies are cutting B2B marketing staff and budgets while keeping performance targets the same. Almost 95% report at least some redundancies in their tech stack, including 27% who say they are substantial.
South Korea’s largest internet company Naver Corp has inked a deal to acquire Poshmark, Inc., a United States-listed social e-commerce marketplace for new and secondhand style, for approximately $1.2 billion.
Procrastinators of the world can throw a party whenever they get around to it: Google has once more pushed back complete third-party cookie deprecation. The new target is “early next year.” Reasons for the delay include concerns expressed by U.K. data regulator Information Commissioner’s Office, an ongoing inquiry by the U.K. Competition and Markets Authority, and widespread discontent in the advertising ecosystem.