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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…
South Korea has launched an antitrust investigation into Google over its plans to enforce commission fees for in-app purchases made through its mobile application store, a top official said Thursday. The U.S. tech giant has come under intense scrutiny from…
Vietnamese e-wallet provider Gpay has received an undisclosed amount in Series A funding from South Korean listed bank KB Financial Group. The Series A round values the digital payment business at VND425 billion ($18.46 million), and the fresh funds will be…
Alibaba Group founder Jack Ma met 100 rural teachers in China via a live video meeting on Wednesday morning, in the businessman’s first appearance since October. Social media speculation over the whereabouts of China’s highest-profile entrepreneur swirled…
Once the poster boy for a new generation of multi-billionaire Chinese business and tech leaders, Alibaba founder Jack Ma’s fortunes have taken a serious dip in the last three months. Since a controversial speech in China in October 2020, where he lamented the…
The Delhi High Court on Monday refused to restrain Jeff Bezos-led Amazon from interfering in Kishore Biyani-headed Future Retail’s $3.4 billion deal with Mukesh Ambani-owned Reliance Retail by writing to statutory authorities. The order was pronounced by a…
More than 400 lawmakers from 34 countries have signed a letter to Amazon.com Inc boss Jeff Bezos backing a campaign that claims the tech giant has “dodged and dismissed … debts to workers, societies, and the planet,” organizers said. The “Make Amazon Pay”…
Pinduoduo, China’s largest e-commerce platform for agricultural products, has expanded its online grocery ordering service to most provinces since introducing it in the cities of Wuhan and Nanchang in August. Duo Duo Maicai, as the grocery feature is called,…
Microsoft and Bukalapak, one of Indonesia’s leading e-commerce platforms, have formed a strategic partnership to reshape how e-commerce is conducted in the country. Kicking off the collaboration between the two companies, Bukalapak will adopt Microsoft Azure…
Chinese tech giant Alibaba has agreed to form a joint venture (JV) with Swiss duty-free group Dufry, as Chinese shoppers’ appetite for overseas luxury goods seemed unfettered by the pandemic. It also announced that it would acquire an up to 9.99 percent stake…
Amazon announced the expansion of Transparency to two new countries – Japan and Australia – making it available in 10 countries where Amazon has a store. Amazon Transparency is also celebrating a milestone of enrolling over 10,000 brands into the program.…
After a delay of a few months, Amazon has officially confirmed when its Prime Day shopping event is taking place. Amazon Prime Day 2020 will, once again, actually run for two days. Following a postponement from the usual mid-July period, the first discounts…
Japanese e-commerce platform Ruten has launched a global website, offering more than 60 million Japanese including snacks, supplements, kitchen appliances, beauty products, and fashion to 13 markets. The site is now shoppable from markets including Singapore,…
Shopify has seen customer data stolen by “rogue” employees, the e-commerce provider announced. Two members of Shopify’s support team were engaged in a scheme to obtain customer transactional records of certain merchants – less than 200, according to Shopify.…
The banking software company is joining up with the Chinese internet giant on cloud-based services. The deal opens a huge new potential market for Geneva-based Temenos: it is joining Alibaba’s cloud services, the company said in a statement on Thursday. In…
Only 22 percent of Apac consumers report having product delivery experiences that meet their expectations every time, according to a new study by BluJay Solutions. The research finds that with contactless delivery options becoming more prevalent against the…
