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.
China Tech News — B2C e-commerce giant JD.com announced that they will develop opportunities in the huge Chinese rural market and plan to open physical specialty stores in 10,000 towns in 2016. According to reports in Chinese local media, Yan Xiaobing, JD Group’s vice president and president of the home appliances business unit, said that JD achieved a large growth by developing in the rural market and its home appliances business held nearly 30% share of the Chinese rural market.
Times of India — BENGALURU: Flipkart was the most preferred e-commerce website by online consumers buying smartphones last year, with the company accounting for almost half of the online sales, says a research report by Counterpoint Research, a mobile phone sales tracking platform. Snapdeal and Amazon followed with market shares of 22.3% and 21.5% respectively. Flipkart had a 47.5% share. The top three players contributed to 91% of all online smartphone sales.
Enterprise Innovation — The Infocomm Development Authority of Singapore (IDA), SPRING Singapore and CapitaLand Mall Trust have partnered to launch an In-Mall Distribution (IMD) trial at Tampines Mall and Bedok Mall, which could benefit an estimated 300 retailers. If successful, the model may be further rolled out to other shopping malls in Singapore. This initiative is the first deployment under the nationwide Urban Logistics programme.
Times of India — BENGALURU: Snapdeal-owned digital payments platform FreeCharge has announced its partnership with payment gateway CCAvenue. The partnership will enable FreeCharge customers to have access to real-time, multi-currency online payment services as well as one lakh online merchants across sectors like hospitality, retail, education etc.
Times of India — SHANGHAI/SINGAPORE: Alibaba-backed YTO Express plans to go public via a 17.5 billion yuan ($2.7 billion) merger with a listed clothing maker, becoming the latest courier seeking capital market funds to stay competitive during China’se-commerce boom.
Times of India — SHANGHAI: Chinese e-commerce company Alibaba Group Holding Ltd said on Monday its total transaction volume had surpassed 3 trillion yuan ($463 billion) in the fiscal year through end-March, highlighting a milestone even as growth has slowed.
Times of India— MUMBAI | NEW DELHI: Chinese e-commerce giant Alibaba has approached Tata Sons for a possible partnership as it looks to set up shop in India later this year in a development that looks set to shake up the country’s rapidly growing online retail market. Alibaba Group president Michael Evans and global managing director K Guru Gowrappan met Tata Group’s chairman Cyrus Mistry recently to discuss a partnership possibility.
Nikkei — SHANGHAI/SINGAPORE On Nov. 11, 2015, millions of Chinese consumers were glued to their smartphones, busily tapping away adding items to virtual shopping carts. Commonly known in China as “Singles’ Day,” what began in the early 90s as a party at Nanjing University was later seized upon by major retailers such as Alibaba Group Holding and turned into an online sale.
First Post— Chinese e-commerce major Alibaba Group is planning to enter India this year and is looking at opportunities to build the business organically or through other means. “We are planning to enter the e-commerce business in India in 2016. We have been exploring very carefully the e-commerce opportunity in this country, which we think is very exciting on the backdrop of Digital India,” Alibaba Group president J. Michael Evans said in New Delhi.
Times of India — NEW DELHI: Chinese e-commerce giant Alibaba plans a “direct entry” into the Indian market this year as the company looks at both online and offline play to increase its presence in one of the world’s largest retail markets. Top officials from the Jack Ma-led Chinese company are understood to have spoken about the intention for a greater play during a meeting with telecom and IT minister Ravi Shankar Prasad, who assured the company that the government would support their bid to expand operations.
Tech in Asia — Strengthening ecommerce in rural areas has been one of Alibaba’s goals for years now in helping to expand its domestic market. Now, Chinese official state media outlet Xinhua announces, the company has a new partner in that venture: the Communist Youth League. According to Xinhua, Alibaba will work with the Communist Youth League to train one million teenagers on how to bring ecommerce into rural areas.
Tech in Asia — Could this be the year that Alibaba finally gets a handle on the fake products available on its sites? Jack Ma thinks so. The sometimes-elusive Alibaba founder popped up at an anti-counterfeit team meeting recently to enable and inspire. “In 17 years I’ve never missed any meeting relating to our anti-counterfeit team,” he said, “and I never will.” But he wasn’t just offering words. Ma promised that the anti-counterfeit team will have access to an unlimited budget and unlimited manpower.
Times of India — BENGALURU: Online retailer Flipkartsees a big opportunity in selling automobiles and accessories online as it scouts for categories to both boost revenue and deliver profits. The Bengaluru-based company plans to aggressively push sales of motorcycles, scooters and cars on its platform besides selling spare parts and services, according to a top official.
Telecom Asia — Japanese e-commerce giant Rakuten has launched consumer-to-consumer mobile e-commerce app Rakuma in Taiwan. The app, first launched in late 2014 in Japan, enables the sale of goods between individual consumers via smart devices. It allows quick product listing and direct communication among users.
Tech in Asia — It’s not that Indonesian purchasing power is going through the roof – although granted, the general affluence of the population as measured by GDP per capita is on the rise. A surge in the ecommerce industry is more or less inevitable as consumers shift away from offline to digital shopping habits.