Online news

11 March 2019
Lazada, the leading ecommerce platform in Southeast Asia, owned by Alibaba Group, plans to expand its cross-border trade for international brands. Global Collection 2.0 One of the key initiatives announced was a revamped “Global Collection”, which is a dedicated channel to showcase  Lazada’s cross-border merchants from around the world. The platform aims to help the brands grow their busine...
05 March 2019
The company announced its annual results for 2018. Growth from its China business was substantial, with operating income up by 11 times year-on-year, reaching RMB350m (US$52.2m). Growth driven by technology and transformation Digitisation, acceleration of online to offline and format transformation are cited by Carrefour as its success drivers in China. Carrefour said it would stick to the ...
01 March 2019
For the full year of 2018, JD.com reported net revenues of RMB462.0bn (US$67.2bn), representing a 27.5% increase from the full year of 2017. Expanding customer and merchant base Net revenues1for the fourth quarter of 2018 were RMB134.8bn (US$219.6bn), an increase of 22.4% from the fourth quarter of 2017. JD.com’s sales are seasonally high in the fourth quarter due to promotions surrounding ...
27 February 2019
Hailed as South Korea’s answer to Amazon, Shinsegae is to launch SSG.com in March 2019 by integrating its two online businesses. Integration driven by demand SSG.com is formed by combining Shinsegae’s two online business units, the Shinsegae mall and the Emart mall. The company made the announcement  back in January 2018 and is now going ahead with the plan. “ The integration of onlin...
22 February 2019
Chinese ecommerce giant JD.com is partnering with Rakuten on delivery in Japan. JD.com's drones will become a part of Rakuten's own unmanned delivery services. JD.com's drones JD.com has been developing and operating drones in China for a few years. It has been expanding in other Asian countries, such as Indonesia, where JD.com completed its first government approved drone flight. Its unman...
15 February 2019
Ant Financial, an Alibaba subsidiary and the operator of AliPay, is acquiring a UK based money transfer company WorldFirst for more than £500m (US$640m). Global expansion This deal marks Ant's biggest Western expansion, boosting its global presence significantly. It would help Ant and AliPay to increase its  customer base globally to enhance cross-border money transfer capabilities of Alipa...
31 January 2019
Alibaba Group Holding Limited announced its financial results for the quarter ended 31 st December 2018. Growth driven by technology The company had another strong quarter. In the press release, Daniel Zhang, CEO of Alibaba, commented that “ Our resilient operating and financial performance is a direct reflection of our persistent focus on better serving our growing base of nearly 700 mill...
31 January 2019
RedMart, an online grocery platform, was acquired by Lazada in 2016, but kept it as a separate business until now. It will be integrated into Lazada’s platform in March, allowing shoppers to buy both groceries and other products on Lazada in the same location. Shoppers will need to download Lazada app RedMart shoppers can continue using the existing app until 11:59pm on 14 th March, before...
24 January 2019
The ecommerce giant is launching a new technology that enables the blind and sight-impaired shop online. “Smart Touch” technology Smart Touch is a piece of silicone film that sticks to smartphone screens. The film has three textured touchscreen buttons that users can feel along the edges of the screen for commands such as “go back,”, “return to homepage” and “confirm”. The commands can be t...
23 January 2019
The retailer completed Indonesia’s first government approved drone flight, a breakthrough for drone delivery in Southeast Asia. Providing access to rural areas The test flight took place on 8 th January 2019, in West Java, Indonesia. It is a joint project between JD.com, the World Economic Forum (WEF) and the Indonesian government. The news of JD.com’s breakthrough was announced at the WEF...