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16/05/2024 The TikTok ban could hurt small businesses that prosper thanks to mobile users ( General )
16/05/2024 WhatsApp could add a new sticker-related feature very soon ( General )
15/05/2024 Facebook and Instagram experiencing outages along the East and West Coasts of the U.S. ( General )
14/05/2024 Qantas to launch new route from Manila to Brisbane ( General )
13/05/2024 Meta expands paid verification service for businesses ( General )
10/05/2024 For complex iPhone AI tasks, Apple will use cloud-based servers running M-series chips ( Electronics )
10/05/2024 Samsung plans to add $1B to Vietnam investment annually ( Electronics )
08/05/2024 Digital content exporters open foreign offices to avoid tax ( General )
06/05/2024 WhatsApp’s new status update tray with previews is rolling out more widely in beta ( General )
02/05/2024 A Deep Dive into Grade A Buildings in Hong Kong ( General )
02/05/2024 Shopee races past other e-commerce rivals ( E-Tailing )
30/04/2024 TikTok, Facebook, and other foreign service providers pay $575M in taxes ( General )
29/04/2024 Sacombank assures no loss on $141M loan to Bamboo Airways ( General )

Retail Asia05/01/2021

Once the poster boy for a new generation of multi-billionaire Chinese business and tech leaders, Alibaba founder Jack Ma’s fortunes have taken a serious dip in the last three months. Since a controversial speech in China in October 2020, where he lamented the country’s financial regulatory system and called for it to be reformed, the billionaire has been […]

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Retail Asia24/11/2020

China’s move to draft rules aimed at preventing monopolistic behavior by Internet platforms is “timely and necessary”, Alibaba Group CEO Daniel Zhang said on Monday (Nov 23). Speaking at the World Internet Conference, Zhang said Chinese Internet companies have moved to the forefront of the global industry with the help of government policies, but regulations […]

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Retail Asia12/11/2020

Singles Day on Nov. 11 is an unofficial Chinese holiday. The holiday has surpassed Cyber Monday as the largest online shopping day of the year globally. What Happened: Alibaba Group Holding owns the trademark to Singles Day and is the largest participating retailer. Yahoo Finance reports that Alibaba has added three additional days to the 2020 Singles […]

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Retail Asia09/11/2020

Alibaba Group beat third-quarter revenue estimates, driven by e-commerce growth after China emerged from coronavirus lockdowns, and said it was assessing the suspension of its affiliate Ant Group’s listing. China’s surprise suspension of Ant Group’s planned $37 billion Shanghai initial public offering (IPO) was seen by some analysts and investors as an attempt by Beijing […]

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Retail Asia06/11/2020

Alibaba Group Holding Ltd 9988.HK is in advanced talks to invest nearly $300 million in online luxury fashion retailer Farfetch Ltd FTCH.N, the Information reported on Monday, citing people familiar with the matter. Shares of London-based Farfetch jumped about 16% to $32.59 following the news. The two companies are also in talks to create a Chinese joint venture, […]

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Retail Asia20/10/2020

Alibaba Group Holding Ltd. will invest about $3.6 billion to double its stake in Sun Art Retail Group Ltd., taking control of China’s largest chain of hypermarts to try and fend off rivals like JD.com Inc. in e-commerce’s hottest growth arena. Alibaba will raise its direct and indirect stake in the grocery chain to about 72% by acquiring equity […]

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Retail Asia19/10/2020

Taiwan on Monday gave the domestic branch of Alibaba Group Holding Ltd’s e-commerce site Taobao six months to re-register as a Chinese investment rather than a foreign one, or leave, in the government’s latest shot against Chinese firms. Amid growing political tension, Taiwan has stepped up oversight of Chinese investment and the operations of Chinese […]

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Retail Asia08/10/2020

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Chinese tech giant Alibaba has agreed to form a joint venture (JV) with Swiss duty-free group Dufry, as Chinese shoppers’ appetite for overseas luxury goods seemed unfettered by the pandemic. It also announced that it would acquire an up to 9.99 percent stake in the duty-free operator in a statement released last Monday. Alibaba Group will […]

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Retail Asia22/09/2020

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The banking software company is joining up with the Chinese internet giant on cloud-based services. The deal opens a huge new potential market for Geneva-based Temenos: it is joining Alibaba’s cloud services, the company said in a statement on Thursday. In effect, banks can adopt Temenos’ software – Transact – on the Chinese firm’s cloud infrastructure. The […]

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Retail Asia16/09/2020

The Chinese e-commerce giant is in talks with Singapore-based ride-hailing and payments firm Grab over a potential $3 billion investment into the company. Part of the funds will be used to purchase Grab stock held by Uber, which acquired 23.2 percent of the company when it exited Southeast Asia in 2018, as reported on Monday, […]

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Retail Asia16/09/2020

Attracted by a massive database of customer behavior spanning eight countries, Chinese tech giant Alibaba is said to be on the brink of investing US$3 billion into Grab Holdings. With its origins as a ride-hailing company Grab has expanded into an app-anchored ecosystem covering food delivery, payments, courier services, and wealth management. It also operates […]

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Retail Asia03/09/2020

Alibaba.com, the global B2B e-commerce platform of Alibaba Group, launched a landmark initiative Monday to help companies in Vietnam go online and reach an enormous pool of qualified global buyers. As an international extension of the 2020 Spring Thunder program initiated by Alibaba Group, Alibaba.com’s ‘Project Sprout Up’ is a timely and tailored digital solution […]

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Retail Asia24/08/2020

Chinese e-commerce giant Alibaba Group’s revenue soared 34 percent to US$21.762 billion in the June quarter as the company emerged strongly from the impact of the Covid-19 pandemic in its home market. “Our domestic core commerce business has fully recovered to pre-Covid-19 levels across the board, while cloud computing revenue grew 59 percent year-on-year,” CFO […]

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Retail Asia14/08/2020

Alibaba-backed Best Inc is seeking a Hong Kong listing for its express delivery and freight delivery businesses, keen to boost its valuation and establish an investor base closer to China, said three sources with knowledge of the matter. The plans by Best, which went public in New York in 2017 and has a market value […]

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Retail Asia22/07/2020

Starbucks Coffee is introducing its own mobile order and payment system in the Mainland Chinese market as a feature on Alibaba platforms Taobao, Amap, Koubei, and Alipay. The Starbucks Now (“Fei Kuai”) service can be used by Starbucks customers to pre-order and pay for their beverages and food online before in-person pick-up at local stores, […]

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Retail Asia20/07/2020

After dismal updates from luxury goods groups this week, the company behind Cartier could be forgiven for a 47-per-cent slump in sales in its first financial quarter, writes Bloomberg’s Andrea Felsted. More disappointing is that Richemont’s powerful digital platform did a little better. Sales at the company’s online distributors, led by Yoox Net-a-Porter, fell 42 […]

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Retail Asia02/07/2020

Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group – is partnering with Unilever, one of the biggest multinational consumer goods companies, in a pioneering strategic initiative that will enable Unilever to action on next-generation digital marketing campaigns. In the partnership, Unilever will be able to utilize Alibaba Cloud’s trusted artificial intelligence (AI) […]

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Retail Asia04/06/2020

Alibaba and JD launched their annual 6.18 mid-year shopping festivals, which mark China’s largest online retail promotion since the outbreak of Covid-19. Within hours, JD heralded a 400-per-cent year-on-year increase in sales of luxury fashion goods, with sales of Ferragamo, Hugo Boss, Lancel and MiuMiu all up by more than 300 percent. Alibaba also reported […]

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Retail Asia26/05/2020

Chinese retail behemoth Alibaba Group shrugged off the impact of the Covid-19 crisis to report a 35-per-cent increase in sales in the year to March, and achieving its five-year-old goal of surpassing US$1 trillion in GMV. Revenue for the year reached $71.4 billion, as the company expanded its global customer base to 960 million active […]

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Retail Asia11/05/2020

Luxury Soho targets value-conscious consumers and helps brands quit surplus stock. Alibaba has launched a new platform Luxury Soho, targeting value-conscious aspirational shoppers, and helping high-end brands quit surplus inventory. Accessible via Mobile Taobao and the online flagship stores of partner brands, Luxury Soho is positioned as an online gathering place for young consumers – as […]

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