The annual e-Conomy SEA report projects that the Philippine digital economy is on track to hit $20 billion Gross Merchandise Value (GMV) by the end of the year. This is a $3 billion growth from last year’s $17 billion projected value.
SK Telecom (SKT) announced that it had signed a memorandum of understanding (MOU) with Singapore-based communications technology group Singtel, to jointly grow the metaverse business in countries where the group operates in, starting with Singapore.
Addem Capital, a Mexico City fund focused on Latin America, granted $3.1 million to Atria, a start-up that offers loans for the purchase of pre-owned cars in the country. Atria was founded in 2022 as a disruptive startup that is revolutionizing the pre-owned market by offering simple, transparent, and agile loans. Atria’s proposal is backed by a team that has in-depth knowledge of the sector and expertise in loans, risk management, analysis, and technology.
There’s probably no limit to Amazon’s greed – because capitalism – but there are constraints as governments regulate BigTech more aggressively and, just maybe, the free market works its wonders. Amazon cited “seller sentiment related to the fee” in its statement pulling back from its planned 2% fee on sellers who don’t use its Prime fulfillment services. But looming antitrust cases likely had something to do with it.