Core Viewpoint - Society Pass (SOPA) has launched "TMG Social," a live commerce platform in Thailand, which is expected to enhance its position in the Southeast Asian social commerce market valued at approximately $90 billion [3]. Company Developments - The launch of "TMG Social" features livestream shopping, allowing brands to create shoppable posts and utilize product tags, integrating with TikTok challenges [1][3]. - Management anticipates that "TMG Social" will generate around $10 million in revenue in the next year, indicating immediate revenue accretion from the launch [6]. Market Positioning - The introduction of "TMG Social" represents a strategic shift from traditional e-commerce to interactive retail, catering to younger demographics who are increasingly engaging with live shopping experiences [4]. - Society Pass aims to leverage its network of over 10,000 influencer-creators to capitalize on the growing trend of livestream shopping [3]. Investment Appeal - Despite being classified as a penny stock, Society Pass is considered attractive for 2026, offering exposure to a rapidly growing digital economy with a price-to-sales (P/S) multiple of less than 1.6x [5]. - The company has a diversified portfolio across e-commerce, fintech, and media, strengthening the investment case at current levels [5]. - Society Pass shares are currently rated as a "Moderate Buy" by Wall Street analysts, indicating positive sentiment among investors [8].

Core Insights - Society Pass Incorporated is launching TMG Social, a live commerce platform aimed at capturing a share of the projected $90 billion Southeast Asian social commerce market [1][4] - TMGX aims to achieve a revenue target of $10 million in 2026 from its TMGX Social business unit, leveraging a network of over 10,000 influencers [5][6] Industry Overview - Live commerce has evolved into a significant sales engine in Southeast Asia, with platforms like TikTok, Shopee, and Lazada connecting brands with consumers [4] - Social media influences up to 60% of online purchases in countries like Thailand and Vietnam, indicating a strong trend towards social commerce [6] Company Strategy - TMGX focuses on core sectors such as fast-moving consumer goods, beauty and wellness, personal care, and food and beverage, utilizing its expertise to drive revenue growth [5] - The company employs a data-driven approach to track gross merchandise value for sales campaigns, enhancing performance and transparency for brands [5] TMG Social Features - TMG Social offers shoppable posts, livestream shopping, hashtag challenges with shopping features, and a creator marketplace to facilitate influencer marketing [5][9] - The revenue model includes flexible pricing structures, allowing clients to choose between campaign-based or retainer fee models, and incorporates a commission-based approach for livestreaming events [9]

Core Viewpoint - eBay's CEO highlights the potential benefits of the US-China tariff agreement for small businesses and eBay's marketplace, indicating a positive outlook for the upcoming holiday season despite a lowered guidance for growth [1][2][6]. Group 1: Business Performance - eBay reported a strong quarter with a Gross Merchandise Volume (GMV) growth of 8% and a 13% year-on-year growth in the US business, which is considered a standout performance [4]. - The focus categories that eBay has invested in saw a year-on-year growth of 15%, indicating broad-based strength across various price points and categories [4][5]. - The company enters the holiday season with significant momentum, driven by strong consumer demand, particularly in the US market [5][7]. Group 2: Market Strategy - eBay's strategy focuses on providing value through used, pre-loved, and refurbished products, appealing to consumers looking for cost-effective options, especially in challenging economic conditions [8]. - The company is leveraging AI to enhance productivity and innovation, including features like visual intelligence for product listings and a new AI shopping assistant [11][12]. - eBay is investing in live commerce, which has shown substantial growth, with a reported run rate five times higher than the previous year [12][14]. Group 3: Financial Outlook - Despite a strong performance, eBay has provided guidance for a growth rate of 4% to 6% for the next year, which is characterized as strong mid-single-digit growth [6]. - The company maintains a disciplined approach to capital expenditures, spending about 4% to 5% of revenue, while efficiently utilizing its AI capabilities to drive technology advancements [15][16].

Core Insights - The Philippines social commerce market is projected to grow at an annual rate of 17.2%, reaching USD 2.30 billion by 2025, following a CAGR of 21.8% from 2021-2024 and expected to reach approximately USD 4.17 billion by 2030 with a CAGR of 12.6% from 2025-2030 [2][4] Market Dynamics - Growth is driven by the integration of social media platforms with e-commerce functionalities and consumer demand for interactive shopping experiences [3][4] - Increased internet access and social media usage are key factors contributing to the growth of the social commerce sector [6] Competitive Landscape - Major players include Lazada, Shopee, and Facebook, with new entrants like Temu intensifying competition [6][10] - The rise of live commerce and partnerships with influencers are crucial for enhancing consumer engagement and driving sales [9][10] Technological Advancements - Companies are focusing on AI-driven personalization, live commerce features, and augmented reality shopping developments to enhance consumer experiences [7][9] - The integration of secure payment solutions and digital wallets is shaping the shopping experience [9] Strategic Developments - The social commerce sector is witnessing strategic alliances and advancements in payment solutions, particularly in the Buy Now, Pay Later (BNPL) segment [14] - The regulatory environment is evolving, with guidelines from the Philippine Competition Commission influencing mergers and acquisitions in the digital market [14]

As filed with the U.S. Securities and Exchange Commission on November 7, 2024. Registration No. 333-280739 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 5 to FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 BeLive Holdings (Exact name of registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) (State or Other Jurisdiction of (Primary Standard Industrial (I.R.S. Employer Incorporation or Organization) Classi ...

As filed with the U.S. Securities and Exchange Commission on October 30, 2024. (Exact name of registrant as specified in its charter) Registration No. 333-280739 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 4 to FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 BeLive Holdings Not Applicable (Translation of Registrant's name into English) (State or Other Jurisdiction of (Primary Standard Industrial (I.R.S. Employer Incorporation or Organization) Classi ...