Kuala Lumpur, 29 Sep 2021 – Ninja Van, a leading tech-enabled logistics company operating in Southeast Asia, today announced that it has successfully secured USD578 million in a Series E funding round. This latest round of funding involves participation from existing investors Geopost/DPDgroup, B Capital Group, Monk’s Hill Ventures, and Zamrud, an entity linked to a Southeast Asian sovereign wealth fund. Alibaba Group, parent company of Lazada, the pan-Southeast Asia e-commerce platform, is also participating in this round.

The funds from this round of investment will be allocated towards infrastructure and technology systems that will support a sustainable long-term cost structure, as well as the quality and consistency of Ninja Van’s operations. Funds will also be invested in Ninja Van’s suite of micro-supply chain solutions to help Southeast Asian businesses optimise e-commerce opportunities. 

PETALING JAYA, 28 September 2021 — realme, the world’s fastest growing smartphone brand, has become the Top 6 smartphone vendor in the global rankings, according to the latest market insights conducted by Counterpoint Research. realme successfully took the sixth spot with 15 million shipments and 135.1% YoY growth in Q2 2021. As a notable industry disruptor, the upstart brand has made the mark in a time span of just three years.

“In the past three years, we are like a newborn calf making little of a tiger as well as a real go-getter”, said Founder and CEO Sky Li in his open letter, noting that the young team with an average age of under 29 has encountered a wide range of unknown difficulties but remained determined and passionate to bring extraordinary products to young trendsetters worldwide.

Kim Kyutae, Managing Director at LG Electronics Malaysia

PETALING JAYA, Sept. 28, 2021 — LG Electronics Malaysia (LG), a global manufacturer for home appliances and home entertainment products was awarded the 2021 Malaysia Home Water Filter Competitive Strategy Leadership Award by Frost & Sullivan for its LG PuriCare™ business unit. Established in 2019, the LG PuriCare™ division offers consumers a range of water purifiers, air purifiers, and its latest product, the wearable air purifiers. 

Frost & Sullivan, a global consulting firm, presents Best Practices Awards every year to recognise companies across regional and global markets that demonstrate outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service and strategic product development.