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E-commerce platforms reported a surge in sales on Singles’ Day on Nov. 11, an annual shopping event, with the most popular items being masks and healthcare products. Tiki said revenues were up nine times from last year, and the number of buyers was double…
Vietnam’s central bank has decided not to cap foreign ownership of e-payment companies at 49 percent after consulting with experts. Foreign investment plays an important role in payment intermediaries’ functioning since they rely on technology, and limiting…
Global online retailer Amazon has partnered with more than 20,000 local “kirana” stores in India to serve as delivery points. The move is part of the firm’s “I Have Space” program to build relationships with such stores in 350 Tier 1, 2 and 3 cities within…
US fashion brand Everlane has opened a store on Alibaba’s cross-border e-commerce marketplace Tmall Global. The Tmall Global store will offer Chinese consumers access to Everlane’s latest products, including womenswear, menswear, shoes, and accessories. It is…
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…
Chinese e-commerce giant JD exceeded revenue expectations in the June quarter, net sales up by 23 per cent to 50.28 billion yuan (US$21.28 billion). The company has cited forays into the convenience-store sector and supermarkets, as well as the harnessing of…
Amazon is in talks with Reliance Industries Ltd’s retail unit to buy a stake in India’s biggest brick-and-mortar retailer, two sources with knowledge of the talks told Reuters. Amazon’s massive online presence could help bolster Reliance’s consumer and…
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…
Online fashion retailer Love, Bonito is about to open its third and largest physical store yet, at Funan mall. Set to offer a “thoughtful and feminine” retail experience, the store will have customer touch points such as “Instagrammable” spots, and an express…
Almost half (49 percent) of Australian businesses expect online operations to reach parity with bricks-and-mortar retail sales by 2030, according to new research by Australia Post. Rebecca Burrows, Australia Post general manager of segment development and…
Alibaba’s rise to the top resulted from growing its brand value by 59%, year-on-year, to $141 million. In the past five years, Alibaba has outperformed the WPP/Kantar Top 100 overall, with its brand value climbing 136%, compared to the Top 100’s 92% rise.…
Australian adventure brand Mountain Designs has officially relaunched, with a new e-commerce website sporting the brand’s full range. Spotlight Group chief executive of leisure brands Chris Lude said the business was committed to maintaining its 45 year…
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…
Indian online grocery platform BigBasket has raised investment capital of about US$150 million. The investors include South Korean Mirae Asset Management (at about $60 million), the UK’s CDC Group (at $40 million), and existing investor Alibaba (about $50…
Forty-eight percent of Vietnamese consumers buy premium products online from local retailers, with cosmetics the top category, a report says. Although the majority of survey respondents, 69 percent, said that they still purchase their premium products at…
V-MORE, an e-commerce supply chain management platform, has revealed its intention of expanding into Thailand. V-MORE aims to recruit new Thai e-commerce merchants as part of its expansion strategy and has rolled out onboarding programs for new merchants and…
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