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Asia’s mComerce boom is creating a growing target for online fraud and cybersecurity risks, according to fraud consultancy Fico Group. Criminals who used to focus on ATM skimming are turning their attention online in an effort to compromise credit and debit…
Lazada, Southeast Asia’s largest online shopping website, is pushing its business development in Thailand in a drive to capitalise on the lucrative and rapidly growing e-commerce market. The company has set up two subsidiaries: Lazada Express, the logistics…
The country’s Financial Services Commission said Sunday it awarded a preliminary license to Kakao for a business to be named Kakao Bank. “An Internet bank is meant to give non-financial players, including IT firms, chances to enter the banking sector if they…
Chinese pharmacy retailer China Jo-Jo Drugstores has finally turned a profit, thanks to booming online sales and partnerships with health insurers. The US-listed retailer achieved second quarter sales of US$22.6 million, up 22.4 per cent on the same period…
The Asian eCommerce boom is driving major changes in logistics developments and networks across the region, according to CBRE’s latest Global & Emerging Logistics Hubs report. “With a trickle-down effect to inventory management, this is leading to changes in…
BCBGMaxAzria, the US premier lifestyle fashion brand has partnered with B2C cross-border eCommerce solutions provider VoyageOne to expand its online footprint in China. “We are pleased to launch of BCBG on Tmall. We are very optimistic about the opportunity…
Taiwan’s largest convenience store chain, 7-Eleven, says it will work with local shopping website MyDay to have online purchases from overseas delivered to its 5000-plus stores around Taiwan. The convenience store introduced the delivery service on Wednesday…
Hit by falling sales in the tourist downturn, Hong Kong beauty retailer Sa Sa plans new store concepts and diversification to restore growth. Reporting a 10.6 per cent decline in sales to HK$3.778 billion in the first half of the current year, and a 55 per…
Jumei International, the Chinese online retailer of beauty products, has reported a sales increases of 99.9 per cent – but it still posted a quarterly operating loss. In the quarter to September 30, net revenue reached RMB1.9 billion (US$305.5 million). Total…
China’s Alibaba has announced two venture funds to help entrepreneurs with projects who can leverage the resources of Alibaba’s ecosystem. A HK$1 billion (US$130 million) venture fund – named Entrepreneurs Fund for Hong Kong – will be managed by venture…
JD.com, China’s second largest eCommerce player, has reported a 76 per cent increase in core GMV sales in the third quarter to RMB111.0 billion (US$17.5 billion). Excluding Paipai.com – which the company is closing down by the end of this year – unique…
Vipshop, the Chinese online discount retailer, says it boosted sales by as much as 63 per cent in the last quarter. The US-listed company says it expects revenue to be between RMB8.6 billion (US$1.349 billion) and RMB8.7 billion ($1.365 billion). But that is…
Indian B2B eCommerce startup Bizzplus.in has added 32 suppliers from China to its portfolio, giving 50 brands direct access to its Indian business customers. And the company says it aims to become a US$20 billion turnover business within the next three years.…
China’s number 2 eCommerce player JD.com has axed its consumer to consumer online storePaipai.com in a bid, it says, to cut sales of counterfeit goods. The store will be closed by December 31 and after a transitional period of three months, the company will…
Developed using retail technology specialist Red Ant’s award-winning RetailOS mobile commerce accelerator, the apps are:In a first for the UK’s largest independent online fashion and beauty retailer, ASOS has launched mobile apps for iPhone, iPad and Android…
China will lead the Asia-Pacific region in online spending this holiday season with $150 billion in sales forecast, new research from Adobe Digital Index reveals. China’s booming economy has led to the highest anticipated online spend in the region (55…
