Live Mint — Bengaluru: Nearly nine years after starting out, squaring up against two of its role models and making some costly missteps along the way, Flipkart Ltd, India’s largest e-commerce firm, finally seems to have a blueprint of what its business model will look like.
Deal Street Asia — Every week, Amazon India country head Amit Agarwal and his senior leadership team get into a room at the company’s headquarters in Bengaluru to discuss the previous week’s performance. The meeting starts off with a customer call, what Amazon calls, “the voice of the customer”. Things usually get ugly.
Enterprise Innovation — Indian eCommerce marketplace, Flipkart, will collaborate with MapUnity, a Social Technology Lab, known for developing a variety of platforms for urban management, safety and transport. The collaboration may see Flipkart’s Mapping business – Flipkart Maps – taking a more central role in the company’s business schemes.
Channel News Asia — HONG KONG: Hong Kong’s securities regulator said that Chinese e-commerce giant Alibaba Group Holding Ltd breached takeover rules in the purchase of a healthcare firm in 2014 because it also bought a company owned by the brother of the healthcare firm’s vice chairman on “favourable terms.” Alibaba agreed to buy a stake in CITIC 21CN, now known as Alibaba Health Information Technology Ltd, for US$170 million two years ago.
ATimes — Fitbit Blaze will have features such as PurePulse continuous, wrist-based heart rate trackin, SmartTrack automatic exercise recognition and automatic sleep tracking. As part of ‘China is Getting Fit’ campaign, Fitbit and Alibaba joined hands to organize a major health and fitness event, educating consumers about how technology can help them stay healthy.
Tech in Asia — SingPost, Singapore’s national mail carrier which is rapidly diversifying its business, has posted record highs in annual revenue and net profit, driven by its ecommerce and logistics activities. Its 2015 revenue hit US$840 million, up 25 percent year-on-year. Net profit jumped 58 percent to US$181 million. Growth in its ecommerce and logistics revenue outpaced overall growth, soaring 60 percent and 35 percent to US$300 million and US$457 million, respectively.
ZDNet — Chinese ecommerce giant Alibaba and Japanese telecommunications provider SoftBank have formed a joint-venture cloud services company called SB Cloud to bring Alibaba Cloud’s technology and solutions to Japanese businesses. SB Cloud will be headquartered in Minato-ku, Tokyo, and will open a datacentre to offer Alibaba’s cloud security services, data storage, processing solutions, and middleware offerings.
Alizila — You’ve heard of the brick-and-mortar store? So yesterday. At this year’s CES Asia consumer electronics show, Chinese e-commerce giant Alibaba Group brought attendees into the shop of the future.
Forbes — Alibaba‘s cloud computing and internet infrastructure business has been witnessing tremendous revenue growth over the past few quarters. For Q4 2016, this segment registered a 175% year-on-year revenue growth and this figure was 138% for the fiscal year 2016.
Asia One — Chinese e-commerce site Alibaba beat sales estimates with 39 per cent growth year-over-year for the quarter ending in March, the company said Thursday. The company’s explosive growth showed no signs of slowing despite the overall slowdown in China’s economy.
Barrons — Shares of Chinese e-commerce giant Alibaba Group (BABA) are up $3.20, over 4%, at $79.02, after the company this morning reported fiscal Q4 revenue that topped analysts’ expectations, but missed on the bottom line. Revenue in the three months ended in March rose 39% year-over-year to $3.75 billion, or 24.18 billion Renminbi, yielding EPS of 47 cents a share. Analysts had been modeling $3.58 billion and 55 cents a share.
Forbes — Alibaba Group’s reported its fiscal fourth quarter earnings results on Thursday that saw the Chinese internet ecommerce giant top sales forecasts, showing year-on-year (y-o-y) revenues up 39%. But with its profits falling short of analysts’ and The Street’s expectations, the question remains is the stock a buy at below the $100 mark and at current levels?
Nikkei — HONG KONG — Alibaba Group Holding seems unhurt by a wider economic slowdown in China as the e-commerce giant reported a 39% rise in its fourth-quarter revenue, boosted by growth in online transactions. Turnover beat analysts’ forecasts to reach 24.2 billion yuan ($3.7 billion) in the three months ended in March, the company said on Thursday. Net profit surged 85% to 5.3 billion yuan on the year, driven by gains from the disposal of investments and businesses.
Nikkei — HONG KONG — China’s e-commerce giant Alibaba Group Holding is set to provide venture capital for GoGoVan, an online logistics platform based in Hong Kong. Through its Hong Kong Entrepreneurs Fund, a not-for-profit initiative launched last year, Alibaba joins private equity firm New Horizon Capital, venture capitalist Hotung Investment Holdings, and media heavyweight Singapore Press Holdings, along with existing investors, in GoGoVan’s third injection of investment capital, also known as “Series C”, completed on Thursday.
Washington Post — Alibaba Group posted a 39 percent surge in revenue as China’s dominant e-commerce operator shrugged off a slowing economy with promotions to woo cash-rich consumers. Asia’s largest Internet company posted better-than-expected sales of 24.2 billion yuan ($3.7 billion) in the March quarter and said it will start providing annual forecasts.
Nikkei — HONG KONG — A financial affiliate of China’s e-commerce giant Alibaba Group Holding has received $4.5 billion from state-backed investors, in a fundraising round said to be the biggest ever for a privately held Internet company.
Enterprise Innovation — The New Zealand’s government’s international business development agency, New Zealand Trade and Enterprise (NZTE), recently signed an agreement with the Alibaba Group to strengthen trade between China and New Zealand. New Zealand Prime Minister John Key, and Alibaba Group’s Founder and Executive Chairman Jack Ma witnessed the signing ceremony held recently in China at an event hosted by the China Entrepreneur Club.
Enterprise Innovation — The retail sector experienced almost three times as many attacks as those in the financial sector, new research published in the NTT 2016 Global Threat Intelligence Report reveals. The finance sector topped of the list of cyberattacks on organizations in the 2015 report. This year, cyberattacks on financial industry dropped significantly to fourteenth position.
Times of India — NEW DELHI: Leading ecommerce companies may not be able to comply immediately with the recent stipulation to cap any vendor on their platforms at 25% of total sales. They will only be able to do so after the current financial year ends, said people aware of the matter.
JD Worldwide, the cross-border online shopping platform of JD.com, reached a strategic cooperation agreement with Japanese daily commodity and cosmetics group Kao. Kao’s official flagship store owned by JD Worldwide will be formally launched in early May 2016 and all the products will be directly supplied by Kao Group. Full financial terms of the deal were not released.
China Tech News — Asos, a leading fashion e-commerce operator in Great Britain, announced plans to end its China business after less than three years of operating in the country. To reduce regional operating costs, the group will shut its businesses in China. Asos’ Chinese website Asos.cn will be closed and its Chinese distribution center and office in Shanghai will also stop operations.
China Tech News — Alibaba Group announced that they will invest USD1 billion to subscribe a controlling stake in Lazada, including about USD500 million to subscribe new shares and the remaining to purchase from certain shareholders. Michael Evans, president of Alibaba Group, said that the investment in Lazada will allow Alibaba to enter an e-commerce platform with a large and growing consumer group outside China.
Enterprise Innovation — Alibaba Group will acquire a controlling stake in Southeast Asia’s leading e-commerce platform Lazada, following a total investment of approximately $1 billion. In a media release, Alibaba said the transaction consists of an investment of approximately $500 million in newly issued equity capital of Lazada, as well as the acquisition of new shares from certain shareholders.
Times of India — BENGALURU: Leading e-retailer Flipkart on Wednesday opened a mobile website using a UC Browser of China to enable its users to access its offerings even on a slow 2G network. “Our mobile-site on UC browser brings a wider base of shoppers closer to a better mobile experience with core features such as search, offers and cart,” the city-based e-commerce major said in a statement here.
Bangkok Post — Thailand was the second-largest online retail market in Southeast Asia last year after Indonesia thanks to social media, says global management consulting firm Bain & Company. The Boston-based firm said its internal report had shown that Thailand’s potential as an online retail market was among the highest in the region.
Times of India — BENGALURU: Online marketplace Paytm is piloting a service where goods shipped from its platform will be delivered by Ekart, the logistics arm of Flipkart, signalling collaboration between the leader and a fast-growing rival in the fiercely competitive e-tail sector.
Enterprise Innovation — Mobile shopping has become increasingly popular in Hong Kong with more than two in five making purchases via their mobile device in the last three months, the latest MasterCard Online Shopping Survey reveals. The widespread use (98.8 percent) of Internet-enabled smartphones in the city has set the backdrop for more and more Hong Kongers (42.9 percent) choosing to shop on their smartphones, marking an 18.3 percent increase since 2011.
Tech in Asia — Macquarie’s annual conference in Jakarta on telecoms, technology, and ecommerce is one you shouldn’t miss. Last week, it brought together top decision makers in Indonesia’s digital economy. Macquarie Group’s corporate advisory branch Macquarie Capital gained relevance in Asia’s tech industry through advising startups and tech companies on capital raising, IPOs, as well as mergers and acquisitions.
Tech in Asia —- Ask Singaporeans to name things they love, and it’s highly probable that “fashion” and “online shopping” will be high on the list. As a result, a casual search offers up quite a few online retailers that are grabbing a chunk of the market.
Times of India — When Sumit Malhotra, a Delhi-based advertising professional, wanted to buy a 64GB pendrive for his son, he didn’t hunt for the best deal on Flipkart, Amazon, or Snapdeal. Neither did he call his office stationery person. He got it directly from China — via AliExpress, an online shopping arm of Chinese e-commerce giant Alibaba.