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Southeast Asian e-commerce platform Lazada has appointed Chun Li as its new CEO. Li will succeed former CEO Pierre Poignant, who will head to Alibaba Group as a special assistant to its CEO Daniel Zhang. “Chun is an experienced business leader who can realize…
B2B e-commerce platform Nuorder is launching a virtual showroom service for brands to showcase products via an immersive online experience. About 40 percent of NuOrder’s sales of around US$1 billion per month come from markets outside North America and a…
Lazada has partnered with Southeast Asian fintech startup Alumak to provide online merchants with working capital during the Covid-19 pandemic. Business owners selling through Lazada for at least six months can apply online using their Lazada account in place…
Citi is the latest in Asia to tap into the digital commerce channel amidst the coronavirus pandemic, partnering with major Hong Kong e-shopping platform HKTVmall. Citi Hong Kong’s partnership with the renowned HKTVmall will include a specialized credit card…
Auto retailers have been slow to embrace e-commerce, but the coronavirus pandemic is changing that. Online traffic has risen even as in-person showroom traffic has disappeared. Auto dealers are embracing digital tools to close deals without a handshake and…
Payment and lifestyle platform Alipay intends to support 10 million small and medium enterprises in Europe over the next five years with technology to empower them to reach more than 2 billion potential consumers traveling to the region from around the world.…
Alibaba Group has launched its Hong Kong public offering of 500,000,000 new ordinary shares on the SEHK, raising up to US$13.4 billion. Alibaba plans to use the proceeds from the offering for the implementation of its strategies of driving user growth and…
Vietnam’s e-commerce platforms are going all out with promotions and other marketing campaigns to woo customers for the year-end shopping season. Immediately after Apple’s latest iPhone 11 was released in Vietnam on November 1 at midnight, CEO of…
Forbes Media has presented the Malcolm S Forbes Lifetime Achievement Award to Alibaba Group founder and partner Jack Ma, hailing his commitment to small businesses in addition to the impact that Alibaba has achieved since its launch 20 years ago. The annual…
Beauty-products brand Crabtree & Evelyn halved its losses in the first half of the year as parent, Hong Kong-listed Nan Hai Corporation continued its transformation from offline to online. Since January, Crabtree & Evelyn has closed all of its 150 traditional…
Southeast Asian/Taiwanese e-commerce platform Shopee has appointed global football icon Cristiano Ronaldo as its newest brand ambassador. Ronaldo will work with Shopee on a wide range of initiatives to engage and inspire customers in the region, starting with…
Amazon Australia’s country manager Rocco Braeuniger is leaving after just two years in the job to take a “senior international role within Amazon”, a spokesperson for the e-commerce company said. Braeuniger arrived in Australia in 2017 to oversee the launch…
Alibaba’s flash sale and marketing platform Juhuasuan has launched an upgraded version of Jutudi, a digital initiative to help Chinese farmers optimise their supply chain and offer consumers better deals. Juhuasuan is Alibaba’s sales and digital marketing…
New Zealand’s biggest retailer is in the final stages of launching an e-commerce site, according to media reports. The Warehouse Group, which operates The Warehouse, Warehouse Stationery, Noel Leeming and Torpedo7 stores, is reportedly planning to launch an…
Amorepacific’s luxury skincare brand Sulwhasoo has launched on Lazada. The partnership marks the brand’s expansion into the Southeast Asia e-commerce market. With this Lazmall store, shoppers in Indonesia, Malaysia, Singapore, Thailand and Vietnam can access…
However, growth is expected over the next few years as increasing numbers of young consumers go online for the first time, largely through smartphones, said speakers at the conference. Deputy Minister Ho Thi Kim Thoa of the Ministry of Industry and Trade…
