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Alibaba’s second-quarter revenue grew 54 per cent year on year, reaching RMB 85.1 billion ($US12.3 billion). Net income attributable to shareholders was RMB 20 billion ($2.9 billion), a 13 per cent year-on-year increase. “Alibaba had another strong quarter of…
More Australians visit Ebay in an average four week period than do Amazon and Kogan combined, new Roy Morgan research has revealed. New data put together from a sample of 50,000 Australians aged 14-plus has shown that Ebay is by far the most popular local…
As 50,000 people apply each day to be franchisees, JD.com promises to open more than 1000 stores a day this year. It started the journey last month, with founder/CEO Liu Qiangdong saying almost every store will be a franchise, according to local media…
China online spending is set to account for almost 50 per cent of the country’s total retail market this year. According to fresh data from Mintel, this year’s figure will be 45.7 per cent of “total per capita retail spend”. In many categories, already more…
ShopBack the one-stop lifestyle portal that powers smarter purchase decisions, raised USD25M in its latest funding round, bringing the company’s total funding raised to date close to USD40M. The round was led by Credit Saison, the largest credit card and…
Ensogo Philippines will be closed down along with the online retailers’ other sites across Southeast Asia. Following the resignation of its co-founder Kris Marszalek, the Singapore-based tech company said it will cut its financial support to its sales and…
The tax man is threatening to shut down social media accounts, but savvy retailers know that it’s an empty threat. Ho Chi Minh City sent out tax demands to nearly 13,500 Facebook retailers over a month ago, but a representative from the city’s Tax Department…
Gucci has launched gucci.cn, its e-tail site for the Chinese market. In the words of the Italian luxury label, it will be Gucci’s only official Chinese website, created to “allow consumers a better access to Gucci products, without the limitations imposed by…
Over 85% of consumers in Singapore, Malaysia and Indonesia, who mention e-retailer brand names in their social media posts don’t tag brand handles, according to Digimind. This means brands need to be vigilant in monitoring their brand reputation in the wider…
Jack Ma, the man who turned Alibaba into China’s dominant e-commerce platform, now has his sights set on global domination. Over the past year, Ma met business leaders and head of states in many countries to introduce his grand vision: small businesses from…
Cross-border e-commerce is now the fastest growing segment in the retail market, according to a report published by DHL Express. Cross-border sales volumes are predicted to increase at an annual average rate of 25% – from $300 billion to $900 billion –…
FedEx will expand its global e-commerce business in an effort to compete for the growing number of packages shipped to consumers from China and Japan, executives said Monday. The company, which in 2014 acquired Bongo International, a company that helps…
Suning Commerce (Suning), one of China’s largest e-commerce retailers, is present for the first time when the International Consumer Electronics Show (CES), the world’s largest annual consumer technology tradeshow, throws open its doors in Las Vegas on the…
Data from the Association of Vietnam Retailers (AVR) indicates that in 2015, retail e-commerce surpassed US$4.07 billion, with a growth rate of 20%. Ho Thi Kim Thoa, Deputy Minister of Industry and Trade, told a forum on e-commerce and mobile phone…
The world’s largest and most populous continent, Asia is made up of 48 countries and spans 44,579,000 square kilometres. With a widely diverse population of 5.096 billion people, the continent’s rich historical background offers a wealth of opportunities to…
The volume of e-commerce transactions in Indonesia is still relatively small but the government is taking anticipatory steps in the face of e-commerce industry growth as it is developing as a global trade model. Indonesias e-commerce transactions still…
