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Umall, an Australian e-commerce platform, recently announced its acquisition of Asian Grocer Online (AGO) in a bid to expand its presence in the multicultural grocery sector. Strategic Acquisition This acquisition represents a significant development in…
More than half of Vietnam’s population shopped online last year as both supply and demand in the e-commerce sector continue to boom. Dang Anh Dung, deputy CEO of Lazada Vietnam, told the forum on e-commerce on Tuesday that a report by Google and Temaske &…
Indonesia has banned e-commerce transactions on social media platforms, the trade minister said on Wednesday, in a blow to short video app TikTok, which is doubling down on Southeast Asia’s biggest economy to boost its e-commerce business. The government said…
The company announced that Amazon launched its Anti-Counterfeiting Exchange (ACX), an initiative to help retail stores label and track marketplace counterfeits as part of the e-commerce giant’s efforts to crack down on organized crime on its platform on…
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.…
If India’s Future Group cannot sell assets, $4 billion in bank loans and debentures will be at risk, pushing its retail unit into insolvency, the company said in a court filing on Wednesday against Amazon.com Inc, which wants to block the sale. A court in New…
In case the Covid-19 pandemic continues to pose major risks to the economy in the final quarter of 2020, Vietnam’s e-commerce market could be severely impacted, seeing a revenue loss of US$2.6 billion from the previous estimate to US$11 billion this year,…
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.…
Alibaba Cloud, the digital technology and intellectual backbone of Alibaba Group, has seen the demand for its database family of products doubles year-over-year. The increment was fueled by industries’ growing needs to move their operation online given the…
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,…
China’s JD beat analysts’ estimates for quarterly sales, as the firm benefited from a shift in shopping habits of domestic consumers who have largely moved to online ever since the outset of the Covid-19 pandemic. The results coincide with growing tensions…
ShopBack, Asia Pacific’s leading rewards and discovery platform, will officially launch its website and mobile app in Vietnam on 8 August, in line with an 8.8 launch campaign. Online shoppers in Vietnam can now earn up to 25% cashback from ShopBack Vietnam’s…
Victoria Beckham Beauty has launched a flagship store on Alibaba’s Tmall Global platform, marking the brand’s debut in China. The Victoria Beckham Beauty online store features a wide range of skincare and makeup products, including the brand’s exclusive…
The popularity of e-commerce has risen in Hong Kong as a result of the coronavirus pandemic, despite the market’s longstanding preference for physical stores. Analytics firm GlobalData says its research shows that the e-commerce market in the territory will…
