Amazon beat Q2 earnings expectations Thursday afternoon, sending the stock sky-rocketing. Growth in Amazon Web Services, the company’s profitable cloud computing business, soaked up much of the spotlight on the company’s subsequent earnings call, but there was one other topic that investors and analysts kept bringing up: India.
Datacenter Knowledge — Amazon Web Services announced plans to build cloud data centers in India in 2016. Amazon already has a sizable customer base inside the country being served out of other AWS regions, but the company will build new data centers to better serve local customers with better performance, as well as to appease any data-sovereignty needs some organizations may have.
Channel News Asia — SHANGHAI: Wal-Mart Stores Inc has taken full ownership of Chinese e-commerce firm Yihaodian.com, buying out the 49 percent stake that it did not already own to accelerate its push online, the U.S. retail giant said on Thursday. The investment will help Wal-Mart target China’s fast-growing online market at a time when largely brick and mortar retailers are feeling the pinch of competition from online rivals and a slowing of the world’s second-largest economy.
Want Chinat Tmes — China’s largest online direct sales company, JD.com, on Monday announced launch of a “US Mall,” where Chinese customers can buy authentic products that are imported from the United States. At the launch event held on Monday, JD.com founder and CEO Richard Liu made a special mention that his company will feature authentic products from Taylor Swift, including a line of clothes that the artist is designing exclusively for JD.com customers.
Times of India — NEW DELHI: After starting a business-to-business e-commerce site, Walmart Stores is now eyeing the sale of fashion products directly to Indian consumers. Walmart is exploring the possibility of selling its ‘George’ brand of clothing and home products on third-party e-commerce sites, according to a person familiar with the development. “Walmart is in a very early stage of exploring the market for George,” the person said, asking not to be identified.
Business Finance News — Alibaba Group Holding Ltd is reported to have a signed a tactical deal with vastly diversified portfolio supply company, Unilever plc on Sunday. The deal will help Unilever to tap into a much wider consumer-base in China, with the help of Alibaba’s vast e-commerce network. Although, initial reports lack deal’s financial details and its date of implementation.
Times of India — MUMBAI: E-commerce major Snapdeal, which nets over 70% of sales from small towns, is betting big on rural markets and is actively assessing opportunities of partnerships for assisted e-commerce in remote areas.
Nation Multimedia — Chinese e-commerce giant Alibaba Group Holding is investing about S$279 million (Bt7 billion) to expand its holdings in Singapore Post (SingPost) and take a share of its subsidiary, aimed at boosting growth in their e-commerce logistics platform across the Asia Pacific, the two companies announced last week.
Digital News Asia — KUALA Lumpur-based webhosting and e-commerce solutions provider Exabytes Network Sdn Bhd has announced its 100% acquisition of Signetique IT Pte Ltd, its second in the city-state. Financial terms were not disclosed. Signetique is a cloud hosting provider that offers virtual private server, dedicated server, cloud hosting, and managed services.
Chinese e-commerce giant Alibaba’s mobile operating system (OS) YunOS, billed as a product for the big data era, has already been installed in millions of smartphones on the market but it will make its international fair debut at the Mobile World Congress (MWC) Shanghai, according to IT Time Weekly.
Times of India — NEW DELHI: The Postal Department’s strategy to focus on fast growing e-commerce segment has bore fruits as it saw a significant 37% jump in parcel revenues in the past year. The increase in parcel revenues is in stark contrast to 2% decline in 2013-14, an official of the communications and IT ministry said. With dwindling letter or document traffic, the department is focusing on the fast-growing parcel segment, the official said, adding that various measures have been taken to modernize the department under the Digital India initiative.
Business Wire — Rakuten, Inc., a global leader in e-commerce, today announced that it has acquired a 100% stake in fit preference specialist Fits.me. Rakuten expects the innovative tech startup to further strengthen its e-commerce offerings and marketing solutions by providing a greater personalization of the retail experience for shoppers while driving operational insights and efficiencies for retailers. Fits.me will operate as a stand-alone business within Rakuten, Inc. and continue to support and grow current and future clients.
Want China Times — Chinese e-commerce giants expect to see transactions through mobile devices to surpass those through desktops in a few years, especially in China’s rural areas, the company’s president said on July 9. According to Alibaba president Jin Jianhang, smartphones have replaced cameras and can be used to make payments, and this is only the beginning in the age of the mobile and sharing economies.
China Tech News — Alibaba Group may soon enter into an agreement with Micromax, a mobile phone manufacturer in India, to purchase a 25% stake in the latter for USD700 million. According to reports in Indian local media, this will become the first time for Alibaba to buy Indian phone maker shares as a foreign investor if the deal is successfully signed.
Want China Times — Alibaba announced on July 8 an additional investment of 187 million Singaporean dollars (US$138 million) in Singapore Post, raising its stake to 14.51% from the 10.23% it acquired one year ago. It also obtained a 34% stake in Quantium Solutions, a logistics firm under the auspices of Singapore Post, for 92 million Singaporean dollars (US$67.85 million), according to caixin.com.
ZDNet — China’s Alibaba Group is increasing its stake and investments in Singapore Post (SingPost), pumping in US$206.45 million to drive the development of e-commerce infrastructure and services in the region. The Chinese e-commerce giant will invest an estimated S$92 million (US$67.85 million) for a 34 percent stake in SingPost-subsidiary Quantium Solutions International (QSI), which provides e-commerce logistics and fulfilment services including warehousing in the Asia-Pacific region.
Korea Times — SK Telecom said Tuesday that it has set up Wizturn, the company’s indoor location-based service (LBS) platform for Korea’s largest bookstore chain, the Kyobo Book Center. WinK, SKT’s LBS platform specialized only for the Kyobo Book Center based on Wizturn, is expected to bring innovative changes to the online-to-offline (O2O) market, the company said.
China’s 330 million online shoppers have created a good foundation for developing industry 4.0, said Gao Hongbing, vice president of e-commerce giant Alibaba, in an exclusive interview with Xinhua on Sunday. Gao said e-shoppers will help fuel development of the government’s Internet Plus initiative, which aims to make China a global manufacturing leader. The plan aims to integrate the internet with traditional industries, and fuel economic growth
China Tech News — Alibaba has agreed to sell four of its American e-commerce assets to U.S.-based social shopping platform OpenSky. Alibaba will give OpenSky 11main.com, Auctiva, Vendio and SingleFeed in exchange for about a 37% stake in OpenSky. No financial details or exact timing on the deal are yet available, according to reports in foreign media.
China Tech News — Alibaba is working directly with foreign embassies in China to expand its influence and sales potential around the world. The e-commerce company has opened 11 official country pavilions on its Tmall Global platform and cooperative partnerships between Juhuasuan, Alibaba’s group-buying platform, and 26 foreign embassies in China. A total of 11 countries will launch country pavilions on Tmall Global, an extension of Tmall.com China’s largest third-party B2C platform for brands and retailers.