Indonesia-headquartered courier startup J&T Express has announced that it will acquire Shenzhen Fengwang Information Technology Co., Ltd. (Fengwang Information), the owner of Chinese e-commerce logistics provider Shenzhen Fengwang Express Co., Ltd. (Fengwang Express), for $170.09 million.
Komo, a self-service, no-code SaaS platform that offers gamified and interactive campaigns, including via games, promotions, competitions and loyalty plug-ins, is entering the US market. This comes after a year of significant growth resulting from Komo’s partnership with event-tech company, Patron Technology.
AnyMind Group has agreed to acquire the entire stock of Indonesian-based eDistributor eCommerce enabler PT Digital Distribusi Indonesia (DDI). This is the group’s first acquisition in Indonesia and comes as the two companies see mutually aligned business capabilities and goals.
The U.S. Senate has passed a bill that could potentially ban TikTok in the U.S. if its Chinese owner, ByteDance, does not sell its holdings within a year. The bill now goes to the President Biden, who has said he will sign it. Court challenges are likely to follow.