An undisclosed buyer acquired 49% stake in Newera Australia Pty Ltd from AuMake Limited for AUD 2 million.

Aumake Limited is the operator of an Australia-based social e-commerce marketplace that connects Asian influencers and consumers with Australian and New Zealand brands. The Company is engaged in the sale of Australian and New Zealand products via its social e-commerce marketplace platform. Its services include e-commerce platform, marketing, live streaming, brand experience stores, customer service, warehousing, and freight and logistics. It offers an omnichannel solution for business merchants to Asian audiences. This includes e-commerce via its Website, mini-apps, live streaming, and social media options to suit individual country preferences. Its marketing services include brand strategy development, omnichannel marketing campaign creation, live streaming, content creation, and content management. Its live streaming creates opportunities for business owners to connect with their customers from around the world, create instant buying opportunities, and develop brand connections.