News digest 15.08.2022

News digest 15.08.2022

Shein downloads jump 13% surpassing Amazon

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Installs of fashion shopping app Shein surpassed Amazon for the first time in the US, according to Sensor Tower data for Q2 2022.
Shein downloads were up 13% to 6.8 million compared to Amazon’s 6.3 million, which is a drop of 7%. The US is Shein’s single largest market by lifetime installs, with US consumers responsible for 14% of the app’s global downloads.

Meta invests in Take App, a Singaporean startup that helps merchants sell via WhatsApp

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Take App, a fledgling Singaporean startup founded by former Facebook engineering manager Youmin Kim. At its core, the app serves as an easy way for those with little technical know-how to set up a simple website to facilitate online orders, replete with a shopping cart, payments, and a direct connection to WhatsApp.

Ant-Backed Dana Bags $250 Million From Sinar Mas, Alibaba

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Dana, one of Indonesia's biggest digital wallet providers, has raised $250 million from local conglomerate Sinar Mas and Alibaba Group Holding Ltd.’s Lazada Group to expand in its home country.
The five-year-old company will use the funds to invest in new tech and roll out more financial services in one of the world’s fastest-growing fintech markets.

Uber to sunset free loyalty program in favor of subscription membership

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Ride-hailing giant Uber is shutting down its free loyalty program, Uber Rewards, so it can focus on its subscription-based Uber One membership. Uber said users can still earn points via the legacy rewards program until the end of August, and that they can redeem those points until October 31. Uber Rewards will officially shut down on November 1, 2022, according to an update posted by the company.

Apple Pay makes its entry in Malaysia via Maybank, AmBank and StanChart

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Malaysia becomes the second country in Southeast Asia with the introduction of Apple Pay after Singapore with Maybank, AmBank and Standard Chartered Bank making announcements of the service going live today. While users of Visa and Mastercard issued credit cards by the three banks can start using the service, Maybank also supports debit and prepaid cards. Apple Pay on the American Express cards will happen later in the year.

Snapchat tests Dress Up stickers for more engaging eCommerce

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Snapchat is making it even easier for retailers and marketers to showcase their products more engagingly by adding product stickers for Snaps. The move is part of the platform's wider expansion into eCommerce. It previously announced Dress Up – a feature that lets users try on clothes and accessories. Product stickers are already sorted by brands which means users can simply click on the brand they wish to try on and then select a specific product.

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