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China’s Alibaba has told its investors that overseas e-commerce would be a key focus as it looks for new sources of growth after a difficult year at home. Earlier this month, Alibaba Group Holding restructured its e-commerce business into separate China and…
Amazon’s latest spat with Visa shows big retailers, armed with a growing array of payment options, are gaining the upper hand in their power struggle with card providers, but it’s not a crisis for the payment company. Amazon said last week that it would stop…
Carousell Group, the leading classifieds group in Greater Southeast Asia, today announced that it has secured an investment of US$100 million to accelerate its leadership in the region, and to reimagine the classifieds experience with a focus on convenience…
Pattern recently hosted a virtual round table that focused on consumer behaviors, beliefs and actions when it comes to Amazon Australia. Since entering the Australian market in December 2017, Amazon has seen tremendous growth in both its gross revenue and…
E-commerce platform Tiki has raised $20 million from telecom operator Taiwan Mobile in return for a 2.7 percent stake in Tiki Global. The Series E funding deal values the Vietnamese company at $740 million, with Tiki having secured $94 million in the series…
Amazon Australia has broadened its reach in the region, and is now officially offering its services to customers in New Zealand. While the online marketplace launched in Australia in 2017, Kiwis have long needed to purchase goods from the US marketplace,…
Alibaba co-founders Jack Ma and Joseph Tsai are reportedly pledging their shares in the Chinese e-commerce giant in exchange for significant loans from global banks. The two tech billionaires have pledged their shares to banks including UBS, Credit Suisse,…
E-commerce platform Tiki has raised VND1 trillion (nearly $43.5 million) over the last three months by issuing corporate bonds. Issued from 16 March to June 13, the bonds are non-convertible with a fixed interest rate of 13 percent per annum, one of the…
Indonesian e-commerce firm Bukalapak is keen to raise as much as US$800 million in an initial public offering (IPO) in August, two people with knowledge of the matter said, the first of two big tech listings in Jakarta this year that will add long-sought…
As Vietnam’s digital economy grows, so does the incidence of disputes between online sellers and buyers. The e-commerce market grew by 16 percent to $14 billion in 2020 and is expected to be worth $52 billion by 2025, according to a report by Google. The…
Online supermarket Supie is set to open its virtual doors in Auckland next month, aiming to change the way Kiwis shop for groceries. The membership-based supermarket will house more than 2500 products sourced from local growers and food producers. Supie also…
Chinese regulators have fined Alibaba 18 billion yuan ($2.75 billion) – around 4 percent of its revenues in 2019 – for violating anti-monopoly rules and abusing its dominant market position. The State Administration for Market Regulation (SAMR) said that…
FJ Benjamin Holdings (FJB) and leading eCommerce platform, Lazada Singapore, today signed a Memorandum of Understanding (MOU) to forge a strategic partnership that aims to deliver the ultimate retail experience to customers across all channels and devices.…
India’s federal financial crime-fighting agency will examine findings in a Reuters report, which revealed that Amazon.com Inc has for years given preferential treatment to a small group of sellers on its India platform and used them to circumvent the…
Textile company Gilimex said its net profits almost doubled in 2020 thanks to a number of high-value contracts with international retailers. It reported record revenues of VND3.45 trillion ($150 million), up 36 percent from 2019, and net profits of VND308…
Vietnam’s e-commerce market expanded by 18 percent last year to $11.8 billion, the only country in Southeast Asia to record double-digit growth amid the Covid-19 pandemic. Besides, payment services were strengthened and the largest companies in the…
