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Southeast Asia’s digital economy set to hit USD$100B in revenue

According to “Reaching new heights: navigating the path to profitable growth, today” report released by Google, Temasek, and Bain & Company, the Southeast Asia region’s gross merchandise value (GMV) continues an upward trajectory and is set to reach USD$218 billion, growing 11% year-on-year (YoY) despite global macroeconomic headwinds. The report also reveals that SEA’s revenue from the digital economy is poised to hit USD$100 billion this year, growing 1.7x as fast as the region’s GMV. The report marked the 8th edition of the e-Conomy SEA report.

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Australia’s Rokt expands AI partnership with Redbubble

November 2, 2023

Ecommerce tech company, Rokt, which was founded in Australia and is headquartered in the US, will work in partnership with global online marketplace, Redbubble to maximize revenue opportunities at transaction via post-purchase offers. This is part of Rokt’s strategy of collaborating with a growing number of global ecommerce partners, including Lyft, Gopuff, ASOS, and Mercari. The partnerships provide advertisers with the chance to enhance their competitive advantage by targeting and engaging with a fresh set of online shoppers who are actively making purchases.

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Indonesian startup Mimin expands generative AI services to Malaysia and Singapore

November 2, 2023

Mimin, the Indonesian platform enabler revolutionizing customer service through artificial intelligence (AI)-driven chat, has announced its expansion into Malaysia and Singapore. Recognizing the widespread reliance on messaging applications, especially WhatsApp, for various business activities in these neighboring countries, Mimin has rapidly gained traction, the firm said in recent statement.

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