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Homevista Decor and Furnishing, parent of Homelane.com India, is seeking $20 million in a fresh round of capital raising. The cash will be used to fund an extensive advertising and marketing program to raise the online brand’s awareness and expand its market…
The Chinese are appearing quick to embrace the Internet of Things, in turn driving demand from businesses and app developers for enabling technology. Jasper, a global Internet of Things (IoT) platform leader, says three months after it made its enabling…
Online fashion retailer Asos is budgeting for losses as it breaks into the China market. Announcing a pretax profit of £47.5 million for the year to August 31, the company offered an overview of its future plans geographically, including a lessened focus on…
SCMP Group Ltd announced today that it is acquiring a majority stake in MyDress Holdings Ltd, operator of MyDress.com. SCMP Group acquired a 56.65 per cent share of MyDress Holdings Limited with its investment of HK$39.7 million (US$5.12 million), according…
Inditex brand Stradivarius has opened its own online store in China to complement its existing online store on T-Mall. Stradivarius, a sister brand to Zara, has 65 bricks & mortar stores in China. The direct site went live last month, less than six months…
Alibaba is bidding to buy the remaining shares in Youku Tudou, dubbed ‘China’s Youtube’ in a deal which values the company at US$5.2 billion. The eCommerce already owns 18.3 per cent of the online video on demand service and says it will pay cash for the…
eCommerce giant Lazada plans a month-long mega sale in six Southeast Asian countries under its now annual promotion ‘Online Revolution’. Lazada, part of Germany’s Rocket Internet group, says more than 10 million products will be offered to 550 million…
Alibaba’s sales is only 5 percent of total retail in China and JD.com’s sales of electronics products represent about 2 percent to 5 percent of total electronics retail as well, according to Dangdang.com’s CEO Li Guoqing. If you only look at the Chinese…
Alibaba has officially launched its 11.11 Global Shopping Festival this year in a ceremony at its headquarters Hangzhou, China. The e-commerce giant said its push for this year’s festival is for Alibaba to serve as the “gateway to China” for brands worldwide.…
Yi Hua Department Store Holdings has entered into a strategic purchasing pact with China Merchants Food to jointly develop cross-border eCommerce and bonded merchandise business. Yi Hua operates a group of retail businesses in Mainland China, including…
The Japanese online beauty retailer @Cosme has bought a stake in Singapore website Vanitee, described as a “digital marketplace for beauty artists”. Neither the value of the investment, or the size of the stake acquired was disclosed by either party. Vanitee…
JD.com, China’s largest online direct sales company, has opened its first US facility, a new research and development center located in Silicon Valley. Situated in Santa Clara, the new office will focus on developing and enhancing new and existing…
China Jo-Jo online sales soared 438 per cent in the last half year as more shoppers chose to buy direct rather than on the company’s Alibaba shop front. Sales on Alibaba rose 130 per cent year on year. China Jo-Jo Drugstores, listed on the US Nasdaq exchange,…
Indian consumers are more digital savvy for reporting and resolving customer service experiences over social media than their counterparts in Japan and Hong Kong, says a survey by American Express. According to the American Express Global Customer Service…
Luxury fashion brand Belstaff has won a court battle against online counterfeiters, winning $42 million in damages and leading up an unprecedented 676 copycat websites being shut down. The win was announced by MarkMonitor, a specialist in enterprise brand…
Traditionally, the retail sector has taken the lead in customer service excellence. This is because when retail managers walked about their stores, they interacted with customers and received direct feedback as part of their daily duties. However, technology…
