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.
Google is facing another antitrust lawsuit, this time in Canada, specifically focusing on anti-competitive practices in online advertising. The Competition Tribunal has been asked to order Google to sell two of its ad tech tools, prohibit future anti-competitive practices and fine the company billions of dollars. In response, Google points to a highly competitive market offering plenty of alternatives.