Singapore’s C2C buying platform Carousell has signed a deal to acquire omnichannel fashion recommerce retailer Refash in Singapore. Off the back of its partnership with Ox Street to power authentication capabilities for secondhand streetwear, the acquisition reflects the group’s laser-focused drive to solve barriers of convenience and trust in selling and buying secondhand.
NAB is accelerating its digital plans with further acquisitions and the continued rollout of a digital home loan platform. The company has 60 percent of its apps migrated to the cloud to better position it to combat cybercrime and use digital data and analytics to improve consumer outcomes.
Vietnam social commerce platform Aemi announced that it has recently raised $2 million in a pre-seed funding round. Aemi is an online business-to-business (B2B) marketplace connecting social commerce entrepreneurs to major and niche Asian health and beauty brands.
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.