Skip to main content
The Business of Fashion

Singapore

Global Markets

Singapore’s Zilingo to Liquidate After Crisis at Fashion Start-Up

Zilingo Pte is set to enter liquidation, capping a months-long crisis that shocked Asia’s technology and start-up industries.

Global Markets

Zilingo COO Quits in Latest Blow for Singapore Start-Up

Aadi Vaidya, who joined the company in 2015 and became the COO two years later, confirmed his resignation when contacted by Bloomberg News. Friday is his last day at the company, Vaidya said in his response.

Global Markets

Zilingo’s Fired CEO Responds to Questions of Mystery Payments

The fashion e-commerce platform terminated her employment after an investigation into claims of what it called “serious financial irregularities” and said it “reserves the right to pursue appropriate legal action.”

Global Markets

Temasek-Backed Zilingo Seeking $200 Million in Funding

The Singapore-based company is working with Goldman Sachs Group Inc. on the potential fundraising deal that could boost its valuation to over $1 billion, said the people, who asked not to be identified as the process is private.

ADVERTISEMENT

Global Markets

Shein on Singapore Hiring Spree as It Shifts Key Assets

China’s Shein is aggressively expanding its Singapore office after making a Singapore firm its de facto holding company, according to people with knowledge of the matter and a Reuters analysis of filings by the online fast-fashion retailer.

Global Markets

Shopee’s Q3 Revenue Up 134%

The Singapore-based e-commerce giant reported an 80.6 percent boost in gross merchandise value (GMV) year-on-year, with total orders up 123.2 percent year-on-year.

Global Markets

Singapore’s Shopee Expands to France as Part of European Push

The e-commerce giant that has driven sales for brands like Sulwahsoo and Calvin Klein in Southeast Asia this week unveiled a localised platform for the French market, in a move that will see it come up against global retail giants like Amazon and Alibaba.

Global Markets

Singapore’s Carousell Acquires Sneaker Marketplace

Carousell Group, which includes C2C marketplace Carousell, Vietnam’s Chotot and Malaysia’s Mudah, has added to its fashion resale arsenal by buying Ox Street, one of Southeast Asia’s fastest-growing managed marketplaces for authenticated streetwear.

ADVERTISEMENT

Global Markets

Singapore’s Carousell Raises $100 Million for Regional Expansion

Carousell Group, which includes C2C marketplace Carousell, Vietnam’s Chotot and Malaysia’s Mudah, secured $100 million in a funding round led by

Global Markets

Sources: Singaporean E-Commerce Giant Shopee to Debut in Europe With Poland Launch

Sea Ltd’s Shopee is preparing to launch in Poland and is currently recruiting sellers, two company sources with knowledge of the matter told Reuters.

Global Markets

Singapore Retail Sales Jump 25% as Southeast Asian Hub Vows to ‘Live With Covid’

In June, the market’s retail sales totalled $2.43 billion in a year-on-year boost of 25.8 percent, Retail in Asia reports.

Global Markets

Shopee Outpaces Tokopedia in Indonesian E-Commerce Race

The Singaporean e-tail platform’s $14.2 billion GMV puts it slightly ahead of local giant Tokopedia, with GMV also around $14 billion, while