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if you want people to use your application and give you their money and information, you must provide them with speed, efficiency or time savings in exchange. The average user looks at his phone 150 times a day (and rising), but each of those interactions is…
South Korean retail giants Lotte Shopping and Shinsegae Group have submitted separate letters of intent for online marketplace eBay Korea, the retailers’ spokesmen confirmed on Monday. It is a deal that will almost certainly shake up the country’s e-commerce…
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…
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…
Amazon-owned Flipkart has been blocked from entering the food-retail business by Indian regulators who had deliberated for almost a year on an application. Subsidiary Flipkart FarmerMart had applied to sell foodstuffs grown or manufactured in India online via…
E-commerce platform JD has helped boost bookstore sales in China during the coronavirus outbreak. Last month, sales of two children’s bookstores – Caldecott Bookstore and Zhongshang Children’s Books – increased by 221.6 percent and 282 percent respectively,…
South Korea’s e-commerce industry, which has long emphasized “fast delivery,” is expanding its services, with competition now turning to offerZ “easy returns”. South Korea’s major shopping portal 11st said Monday that it has introduced a service to offset…
In Singapore, more and more people are connected to the Internet and the number of online shoppers follows the same trend. Back in 2014, Visa stated that approximately 26% of Singaporeans used to shop online on weekly basis and recent surveys from Hootsuite…
Alibaba Group’s B2C platform Tmall has announced its lineup of designers that will hit the runway at New York Fashion Week this September. In addition to the runway shows, Tmall will host a pop-up exhibition featuring cross-over collaborations riding the…
Alibaba has opened its platform to enable US businesses to sell their products to millions of Alibaba.com buyers in the US and around the globe. The nearly 30 million small and medium-sized businesses in the US – especially manufacturers, wholesalers, and…
Fashion e-tailer Zalora Philippines is targeting 50 percent annual growth in sales over the next five-year period. The firm’s confidence in its target is based on the number of Filipinos embracing online shopping. “We will end the year with more than 50…
Amazon is expanding its successful anti-counterfeiting program to more countries. Transparency is now available to sellers and customers in France, Germany, Italy, Spain, the UK, India and Canada, the e-commerce giant announced on Wednesday. Previously it…
China’s e-commerce giants JD and Alibaba turned in record-breaking results for the 6.18 shopping festival on June 18. Total sales transaction volume during JD’s 6.18 trading reached a new high this year of US$29.2 billion. Key drivers leading to the…
Online retail sales fell 3.8 per cent month on month in April, after a less than stellar March, according to the National Australia Bank’s monthly Online Retail Sales Index. The result is consistent with a general slowdown in retail observed by NAB, while the…
Chinese online fashion and lifestyle retailer Mogu has reported an 18.7 per cent increase in gross merchandise value (GMV) for the year to March 31, to RMB17.408 billion (US$2.594 billion). The company’s revenue for the year reached RMB1.074 billion (US$160.1…
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…
