India
Imarticus Learning has acquired edtech platform MyCaptain for nearly $5.84 million.
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Snabbit plans to expand across major Indian metro cities and enter over 200 micro-markets.
This follows Flipkart’s earlier infusion of $81m into Myntra’s Singapore holding entity.
Greater China
Revenue rose 18.1% as it targeted cost-conscious Chinese consumers with value-for-money products.
Rest of Asia
The merger was fueled by a $110-million funding round led by Sanabil Investments.
In Feb, Alibaba confirmed its partnership with Apple to support iPhones’ AI services in China.
Chinese shoppers have increasingly become cost-conscious.
Singapore
Q1 metrics shifts bull run into higher gear driving its stock price to a 3-year high
Net income surged to $410.8m in Jan-March from $237.6m in Q4.
E-commerce players have resorted to cutting product prices and heavy discounts.
