Luxury online retailer Reebonz seeks to raise up to US$150 mil

SINGAPORE (June 19): Reebonz, Southeast Asia’s largest online luxury retailer, is planning to raise as much as US$150 million ($207 million) to bolster its marketplace business and fund expansion in China, Japan and South Korea.

Could Singapore’s consumer sector see a pickup in investor sentiment?

SINGAPORE (June 13): OCBC Investment is maintaining its “neutral” rating on Singapore’s consumer sector given a lack of broad-based improvement for the retail scene, as well as the continued expansion and growth of e-commerce players.

This comes even as local retail sales data for April registered slightly above consensus, with retail sales up 2.6% on-year on higher sales in discretionary segments like Department Stores and Watches & Jewellery.

Local co-working startup Spacemob announces $7.9 mil in seed funding

The Red Marker

SINGAPORE (Nov 23): Spacemob, a co-working startup based in Singapore, today announced the closing of a record US$5.5 million ($7.85 million) seed funding round.

This represents “the largest seed funding round figure ever recorded in Southeast Asia”, announces the company in a Wednesday release.

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