Kaola

Retail Asia28/08/2019

Alibaba and Chinese tech firm Netease are in talks on the internet giant’s potential acquisition of its cross-border e-commerce platform Kaola, which would be merged with Tmall. According to sources from the mainland, Alibaba may offer as much as US$2 billion for the business. “The deal would represent a step toward market consolidation in China’s […]

Retail Asia14/02/2019

Half of online shoppers in Asia-Pacific make purchases cross-border, according to a recent report by yStats. The top two markets for cross-border shopping in the region are Hong Kong and Singapore while Japan shuns the trend, with over nine in 10 online shoppers buying only domestically. The tendency to buy from foreign online sellers also prevails in […]

Retail Asia15/11/2017

A growing middle class in China that likes shopping for foreign brands is helping drive cross-border e-commerce spending, according to a forecast by research company eMarketer. However, it warns of a growth slowdown ahead. Total cross-border e-commerce sales in China are expected to reach US$100 billion by the end of this year, with the average […]

Retail Asia26/11/2016

HK_CityBus_97_tour_view_Wan_Chai_Johnston_Road_shop_KFC_restaurant_n_SaSa_International_Apr-2013-1024x768.jpg

Sa Sa profits took a hit of 37.3 per cent for the six months to September 30. The Hong Kong-listed beauty products retailer’s interim results show turnover easing by 4 per cent to HK$3.628 billion (US$467.7 million) for the period, with retail sales in Hong Kong/Macau decreasing by 3.6 per cent to HK$2.9032 billion. Profit […]

Tag: Kaola

Alibaba may buy Kaola from Netease

Asia-Pacific shoppers favour cross-border shopping

Middle class driving Chinese cross-border e-commerce

Sa Sa profits dive