Online news

15 November 2018
Operating structure of Walmart-Flipkart streamlined as key subsidiaries merge. Online fashion retail platforms integrated into Flipkart operations Following the deal to purchase 77% of Flipkart earlier this year, Walmart India announced several key changes to its operating structure. It will integrate Myntra, an online fashion retailer that was acquired by Flipkart in 2014, into Flipkart’s ...
12 November 2018
Alibaba has wrapped up its 11.11 Global Shopping Festival with a record breaking US$30.8bn of GMV (gross merchandise volume), a 27% growth compared to last year. 11.11 by numbers According to Alibaba Group, more than 180,000 brands participated it the festival this year. Over 40% of consumers bought from international brands. 237 brands topped US$14m (CNY100m) in GMV, including leading inte...
05 November 2018
Alibaba Group has released its Q2 results for the three months ending in September. Revenue increased 54% to CNY85.1bn (US$12.3bn) for the same comparable period last year. Strong momentum into Singles' Day Alibaba has posted an impressive set of Q2 results. Net income attributable to shareholders increased 13% to CNY20bn (US$2.9bn) YoY. While the number of annual active customers increased...
02 November 2018
Shoppers in 16 Japanese prefectures can now benefit from a new online grocery delivery service, Rakuten Seiyu Netsuper, launched by Walmart and Rakuten. What is Rakuten Seiyu Netsuper? The new platform is jointly operated by Seiyu (a subsidiary of Walmart) and Rakuten, and is a product of the strategic alliance between the two companies in January. It charges JPY432 (US$4) for home d...
29 October 2018
The online giant’s upcoming mega shopping event will be the largest ever in terms of scale and reach this year. Multi-country and multi-platform To mark the event’s 10 th anniversary, Alibaba is bringing the event to international shoppers via its multiple platforms, including Tamll World, AliExpress and Lazada this year. Lazada, a Singapore based ecommerce site, will host the festival ...
26 October 2018
The group has revised its five-year plan and now aims to spend US$44bn (KRW50tn) through 2023. Significant investment in ecommerce Of the total investment, 25% will go to retail to be spent on ecommerce infrastructure, logistics, big data and AI. Lotte plans to hire 70,000 workers during the five-year period, mainly in the ecommerce sector. This big investment to bring physical stores onlin...
25 October 2018
JD.com to launch a flagship store on Google that targets US shoppers directly. Collaboration of two internet giants The online store is to be launched on Google shopping platform by end of 2018. JD.com will then be able to ship directly from its US based fulfilment centres to US customers. Payment and ordering process will be handled by Google. This flagship store is the first move since...
24 October 2018
We have seen several retailers across Asia launch their own e-wallets recently, including AEON in Malaysia, and FamilyMart and Carrefour in Taiwan. AEON launches its own e-wallet Earlier this year, AEON introduced its e-wallet app. Available to download on Google Play and Apple App store, AEON's e-wallet allows shoppers to pay and earn points at participating AEON stores (AEON Big Hypermark...
19 October 2018
Carrefour announced a strategic collaboration with Dada-JD Daojia, an online grocery and delivery firm owned by JD.com. New business platform Around 6,000 products are available to be traded on the new online platform, of which 400 are imported goods. These products cover multiple categories including fruit and vegetables, dairy, ready-to-eat, BWS (beer, wine and spirits), snacks, cooking i...
18 October 2018
Lazada shoppers can now choose to collect their online purchases from 7-Eleven outlets in Singapore. How does it work? Convenience store chain 7-Eleven, online retailer Lazada and logistics provider Ninja Van announced a collaboration to allow shoppers on Lazada to choose a 7-Eleven store as a pick up point for their parcels. It is available at 159 7-Eleven stores from today (18 October), a...