
Between FY 2023 and FY 2022, Ninja Van saw its top line grow by 93% in Singapore, 24% in Vietnam, and 11% in Malaysia.
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Simon Huang
Coupang’s revenue up in Q4, developing offerings unit losses widen

The ecommerce platform’s developing offerings segment includes Coupang Eats, Coupang Play, and the firm’s international and fintech businesses.
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JD.com announces share repurchase program as 2023 revenue climbs

Income from operations for 2023 also came in at US$3.7 billion, surging 32% from 2022.
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No profit, no problem: Why VCs poured US$47 million into loss-making Qoala

In The Top Up this week, we look at the Indonesian insurtech firm’s recent series C round and the wave of credit coming into Asia.
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In The Checkout this week, we look at Zalora’s plans to become an ecommerce enabler and discuss what the ShopBack layoffs say about the ecosystem.
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PDD Holdings posts 2x growth in 2023 revenue, operating profit

Net cash generated from operating activities was US$13 billion in 2023, nearly 2x more than a year ago.
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The charts in this article, which are updated every quarter, present a snapshot of how the Indonesian giant is doing.
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