Online news

15 August 2019
Alibaba has announced its financial results for the first quarter ended June 30, 2019. Total revenue was up 42% to CNY114,924m (US$16,741m) YoY. Continue to invest in technology In a press release, Daniel Zhang, Alibaba’s CEO, said, “ We will continue to expand our customer base, increase operating efficiency and deliver robust growth. With strong cash flow from our core commerce business...
14 August 2019
7-Eleven in Japan will discontinue its 7pay cashless payment service next month. Rebuilding trust essential A security breach of the payment service after the launch on July 1 exposed user data. The retailer has decided to discontinue the service at the end of September. Following this incident, we expect new initiatives, particularly those that use technology, to be rolled-out more cautiou...
13 August 2019
Rakuten has published its results for the six months ending June 30, with Group revenue up 14.5% to JPY586,644m (US$5.6bn) year-on-year. Internet Services revenue up 16.1% Revenue from Internet Services, Rakuten’s core business including ecommerce and travel booking services, increased 16.1% to JPY359,156m (US$3.4bn) yoy. Segment profit increased by 94.3% to JPY108,867m (US$1bn) yoy. Ini...
12 August 2019
Tesco Lotus has partnered Shopee to launch its shop on the online platform in Thailand. Another channel to better serve customers Launched on 8 th August, Shopee users can now buy more than 10,000 items supplied by Tesco Lotus in Thailand. The online store covers more than 10 categories, including electrical appliances, fresh food, household, dry grocery, bakery and health and beauty pro...
09 August 2019
After launching its 88 VIP membership program last year, Alibaba has added new perks and privileges to its top-tier loyalty program. New benefits for VIP members The new benefits include discounts at more online flagship stores, memberships for Alibaba’s different services, and wider access to other platforms within the Alibaba economy. The retailer has extended the 5% 88 VIP member discoun...
30 July 2019
The Chinese ecommerce giant has agreed to buy a 9% stake in Beijing Digital Telecom. Gaining access to 3,000 stores Beijing Digital Telecom, listed in Hong Kong, is the largest offline electronics retailer in China. It sells phones, computers and other consumer electronics. The acquisition would cost JD.com US$27m and would be paid in cash. It would give JD.com access to Beijing Digital ...
30 July 2019
Honestbee, a grocery and delivery start-up in Singapore, has appointed Mr Ong Lay Ann as its new CEO. He replaces interim CEO Brian Koo, whose family operates South Korean conglomerate LG. Key priorities for honestbee Mr Ong is a Singaporean with more than 20 years of leadership experience in IT, commodities, real estate and infrastructure. He is currently a director for Westar Industrial a...
23 July 2019
New chief of marketing announced for ecommerce operator. Previously from Unilever Mr. Vikas Gupta, previously from Unilever Indonesia, has been named at the new Chief Marketing Officer for Flipkart. Gupta has been with Unilever for more than 20 years and his last position was general manager of the home care division as well as vice-president for digital transformation. He is returning t...
16 July 2019
New leader for Indonesia’s ecommerce operations. Another new appointment at Lazada Earlier on, we reported the new CEO of Lazada Vietnam . Now, the Lazada Group has announced that Mr. Chun Li, co-president of the Lazada Group, has been appointed as the new CEO of Lazada Indonesia. In this role, Li will lead the strategic development and growth of Lazada in the country. At the same ti...
08 July 2019
Lazada, the leading ecommerce platform in Southeast Asia, will launch a 24-hour Mid-Year Festival on July 12 across all its six markets. One-day sale designed to bring new tagline to life The sale is themed “Millions of deals your heart desires” in line with its refreshed brand idea “Go where your heart beats”. The new shopping event creates more fun for shoppers and encourages them to purs...