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Spending on food delivery in the SEA will reach $16 point 3 billion in 2022, according to a report.

In 2022, Southeast Asia spent $16.3 billion on meal delivery, an increase of 5%, according to a report by Momentum Works. For the first time in three

In 2022, Southeast Asia spent $16.3 billion on meal delivery, an increase of 5%, according to a report by Momentum Works. For the first time in three years, the Philippines, Malaysia, and Vietnam—three smaller food delivery markets—were mostly responsible for this development. Meanwhile, the gross merchandise value GMV in Thailand, Singapore, and Indonesia fell over the previous year. Grab led the incumbents in Southeast Asias food delivery GMV in 2022, accounting for 54% of that regions total, or US$8.8 billion, a 16% increase from 2021. Gojek and Shopee maintained their levels at US$2 billion and US$0.9 billion, respectively, while Foodpanda contributed 19% of the total. The reports overall conclusion is that businesses are beginning to put profitability first. Read More..

B2B Tech News | 2 years ago          

Largest Distributor of Luxury Fashion in North America Selects Digital Wave Technology as PIM Provider.

For its Product Experience Management PXM Suite, which unites Product Information Management PIM, Product Master Data Management PMDM, and Digital Ass

For its Product Experience Management PXM Suite, which unites Product Information Management PIM, Product Master Data Management PMDM, and Digital Asset Management DAM, all on one platform, MadaLuxe Group, the top global distributor of luxury goods, has chosen Digital Wave Technology. The addition of MadaLuxe Group to Digital Waves current clientele is a significant advancement for the SaaS provider into the realm of luxury fashion, and MadaLuxe Groups acceptance of the suite represents an expansion of its already bold digital strategy. With PXM Suite, MadaLuxe Group is anxious to get started. In order to accelerate omnichannel expansion and directtoconsumer digital sales, marketing, and merchandising, brands and retailers can benefit from using digital wave technology. Read More..

B2B Tech News | 2 years ago          

As Apple bides its time, VR headset costs are high.

Are they thus worthwhile? The new HTC Vive XR Elite will cost £1,299 or $1,099 when it launches next month.  A few months ago, Metas Quest Pro went

Are they thus worthwhile? The new HTC Vive XR Elite will cost £1,299 or $1,099 when it launches next month.  A few months ago, Metas Quest Pro went on sale for £1,499 or $1,499.  The number Meta has sold thus far is unknown to us, although I would venture a guess that it is not very many. It is intended to be a teaser for Metas vision of the future rather than a bestseller and is targeted at corporations and rich early adopters. Im using the term virtual reality VR in this post as a catchall, but I believe that mixed reality, often referred to as augmented reality AR, is more likely to gain popularity. Read More..

B2B Tech News | 2 years ago          

After the Brazilian protests on January 6, tech businesses have come under pressure.

Riots in the Brazilian capital were sparked by conspiracies and unfounded allegations. The attempts made by social media corporations to stop the diss

Riots in the Brazilian capital were sparked by conspiracies and unfounded allegations. The attempts made by social media corporations to stop the dissemination of content that is igniting riots, according to experts, are too little, too late. Flora Rebello Arduini claims that history is repeating itself in a negative way. According to Conroy, social media corporations did not sufficiently address the rhetoric that contributed to the riots in Brazil. An evaluation concluded that no platform had a policy in place to stop calls for rebellion against the democratic order. Read More..

B2B Tech News | 2 years ago          

Increased CEE accelerator drive by Ventures Thrive.

Startups in the field of climate technology can now submit an application to the Ventures Thrive accelerator programs inaugural round, which primarily

Startups in the field of climate technology can now submit an application to the Ventures Thrive accelerator programs inaugural round, which primarily targets CEE startup ecosystems but also has some openings for western applicants. The first cohort of the CEEfocused deep tech accelerator Ventures Thrive is now accepting applications. According to a November Tech.eu report, the accelerators initial group will concentrate on climate technology and receive investment from Ventures Thrives €1.5 million equityfree funding pool. In fact, it is believed that CEE markets like Poland are underleveraged in the area of climate change. Along with about 13 CEE markets, the full list of eligible nations now includes Portugal, Malta, Greece, and Cyprus. Read More..

B2B Tech News | 2 years ago          

Though a setback, the $30 billion Sun Cable crash doesnt mean that export aspirations for renewable energy are doomed.

The largest export project for renewable energy is thought to be Sun Cable. The plan calls for the construction of a sizable 12,000 hectare solar farm

The largest export project for renewable energy is thought to be Sun Cable. The plan calls for the construction of a sizable 12,000 hectare solar farm in the Northern Territory, the addition of a sizable 40 gigawatt hour battery for power storage, and the construction of an undersea cable that would link Australia and Singapore via Darwin. The two wealthiest men in Australia, Mike CannonBrookes and Andrew Forrest, have thrown their enthusiastic support behind the idea. Its clear that Sun Cable is an extremely ambitious undertaking. However, there isnt nearly enough publicly available data to make a confident assessment of its commercial and technical potential. Read More..

B2B Tech News | 2 years ago          

This week, more than €1.7 billion was invested in European tech, including €215 million that Enpal secured and £562 million that Instadeep acquired.

We monitored over 100 tech fundraising transactions totaling over €1.7 billion this week, as well as over 30 exits, M&A deals, rumours, and associat

We monitored over 100 tech fundraising transactions totaling over €1.7 billion this week, as well as over 30 exits, M&A deals, rumours, and associated news pieces across Europe. We monitored over 100 tech fundraising transactions totaling over €1.7 billion this week, as well as over 30 exits, M&A deals, rumours, and associated news pieces across Europe. You belong to the select group with special access to our findings as a paid subscriber. Youd struggle to keep up with it all, even though we frequently post this information in realtime on Twitter and Instagram the much more fun choice. Trust us we are knowledgeable. We take up the task each and every week so you dont have to. Read More..

B2B Tech News | 2 years ago          

The unicorn ShareChat, backed by Google, reduces staff by 20%.

In a new round of layoffs, ShareChat, an Indian social network unicorn, fired 20% of its workforce, a business representative told Tech in Asia. Out

In a new round of layoffs, ShareChat, an Indian social network unicorn, fired 20% of its workforce, a business representative told Tech in Asia. Out of the 2,100 employees at the company, almost 500 will be affected by the layoffs, according to Tech in Asia. An internal message from ShareChat cofounder and CEO Ankush Sachdeva reportedly claimed that there wont be any more layoffs for the time being. The fantasy gaming platform Jeet11 was shut down in December by Mohalla Tech, the company that owns ShareChat. Mohalla Tech, which was founded in 2015 by Sachdeva, Farid Ahsan, and Bhanu Pratap Singh, raised $520 million in June at a valuation of $5 billion. Read More..

B2B Tech News | 2 years ago          



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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