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Vietnam’s Internet economy is expected to grow by 31 percent this year to $21 billion this year despite little or no contribution from the online travel market. It is set to reach $57 billion by 2025 after growing at 29 percent a year, according to the…
JD.com Inc’s fourth-quarter revenue beat expectations on Thursday as more shoppers flocked to its website on the back of a broader shift to online shopping triggered by the COVID-19 pandemic. While China has largely emerged from coronavirus lockdowns with…
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…
Everything was delayed due to the COVID-19 pandemic this year, including Amazon’s huge sale known as Prime Day. Typically, Amazon Prime Day takes place in July, but this year, due to obvious reasons, the sale was reportedly delayed for October. The initial…
Ikea has launched a flagship store on Alibaba’s marketplace Tmall, the first third-party platform the brand has partnered within Asia, and after leaving Amazon last year. Initially, with a six-month trial across the Chinese provinces of Jiangsu, Zhejiang and…
Nippon Passport has raised ¥200 million (US$1.82 million) in pre-series A funding, led by private investors and business companies through a third-party allotment. In response to the Japanese government’s target to attract 60 million foreign tourists annually…
Global online retailer Amazon is set to launch a Pinduoduo pop-up store. According to reporting in Reuters, the Pinduoduo pop-up store will run until the end of the year with around 1000 selected overseas products. Amazon recently closed its Chinese…
Alibaba Group has launched its 2019 11.11 Global Shopping Festival, taking the annual event into its second decade. The shopping holiday this year focused on “new consumption,” “new business” and actively contributing to a greener society. “Our goal is to…
The Shopee app has emerged as Singapore’s most downloaded shopping app. The Sea company platform had 2.8 million visitors per month on average during the second quarter, with an 11 percent increase compared to the previous quarter. It is currently the…
Amazon Fashion has just released the first collection from an influencer as part of its new shopping experience, The Drop. For the next 30 hours, customers will be able to purchase pieces made on-demand from the collection designed by influencer Paola Alberdi…
Alibaba has invested US$640 million in Red Star Macalline Group, the largest furniture retail chain in China. Signalling a renewed interest in the home improvement business, Alibaba made the investment in the form of convertible bonds issued by Macalline’s…
Chinese retailer Suning has invested US$129 million into Jack Ma-backed Yunfeng Capital’s third fund. The funding represents 61.41 per cent of a committed $210 million to the private equity firm, which is set to raise $2.5 billion and has so far received…
Mounting losses in the South Korean e-commerce industry are calling local business models into question. Competitive pricing and fast delivery capacities have made the industry an ascendant phenomenon in the territory, with the purchase of a whole spectrum of…
Alibaba Group’s Tmall today announced it will launch a dedicated gateway for customers to discover new products through the Taobao mobile app, looking to cement its position as the “go-to” platform for such launches. From Wednesday, customers clicking on the…
US retailer Walmart is adding thousands of robots to its stores to handle cleaning tasks, allowing workers more time to help customers. Walmart said by February 2019, it will have introduced the 920-pound autonomous floor scrubbers at 1,860 of its 4,700 US…
US retail giant Walmart and tech company Google have collaborated on voice technology to assist customers with grocery shopping. Starting this month, Walmart Voice Order will allow consumers to order groceries through Google Assistant by saying, “Hey Google,…
