King & Wood Mallesons has advised Axiata Digital Advertising, a subsidiary of Axiata Group Berhad, on the acquisition of Awake Asia, an eCommerce enabler with operations in six countries in Southeast Asia.
The merger, effective from 1 June 2021, represents an important step towards building an integrated end-to-end eCommerce practice in the region, bringing together Awake Asia’s deep eCommerce expertise with ADA’s media, creative, and analytics solutions which drive online sales for brands.
The new integrated eCommerce practice will become available across ten markets in South and Southeast Asia – Malaysia, Singapore, Indonesia, Thailand, Philippines, Sri Lanka, Bangladesh, Cambodia, South Korea, and Vietnam.
ADA is an Axiata Group Berhad data and artificial intelligence company that designs and executes integrated digital, analytics, and marketing solutions. ADA partners with leading brands to drive their digital and data maturity, and in May 2021, KWM advised on ADA’s alliance with SoftBank Corp.
Axiata Group Berhad is one of the leading telecommunications groups in Asia. In pursuit of a vision to be the Next Generation Digital Champion by 2024, Axiata has transformed itself from a holding entity with a portfolio of pure-play mobile assets into a Triple Core Strategy-driven business focusing on Digital Telco, Digital Businesses and Infrastructure.
The KWM team on the deal was led by Singapore Partner Nick Davies (Picture).
Involved fees earner: Nick Davies – King & Wood Mallesons;
Law Firms: King & Wood Mallesons;
Clients: Axiata Digital Advertising ;