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Global Sources 2016 Revenues Declined by 7.8%

Global Sources released its financial results for the year ended 31st December 2016. Revenues from continuing operations in the year were US$157.7 million, down 7.8% compared to US$171.0 million recorded in 2015. IFRS net profit dropped 23% year-on-year to US$18.4 million from US$24.0 million in the previous year. However, adjusted EBITDA increased from US$30.8 million up to US$32.0 million in ... Read More »

Why Alibaba’s Latest Paytm Buy Proves Amazon Is Playing A Losing Game In Asia

Alibaba is not backing down over its plans for Asian e-commerce dominance. Recent reports suggest that the Chinese behemoth just purchased Reliance Capital’s stake in Paytm, worth $42 million, and this just after Alibaba invested a sizeable $177 million in the Indian payment and commerce platform. It’s all too evident that China has its sights firmly set on the lucrative ... Read More »

LexisNexis India in Partnership with Legasis

LexisNexis, Legasis Expand Lexis® Practical Guidance Portfolio with industry-specific enterprise compliance management modules for Ecommerce, pharmaceuticals and IT/ITES During the announcement, Mr. Mohan Ramaswamy, Managing Director, LexisNexis® India-South Asia said, “We are proud of our association with Legasis and are confident that our association will enable our respective customers to experience superior value with some of the best and authentic ... Read More »

Share Price of Rocket Internet Drops After Major Investor Halves its Stake

Shares in Rocket Internet (RKET.DE) fell as much as 14 percent on 2017-02-23 after major investor Kinnevik (KINVb.ST) sold half its stake in the German e-commerce company as the two increasingly becoming competitors.  Sweden’s Kinnevik, which clashed with Rocket last year over the valuations of some of their joint investments, sold a 6.6 percent stake in Rocket at 19.25 euros ... Read More »

How Large is the e-Commerce Component Versus Brick and Mortar Retail Sales in the US?

The analysts of Armada Corporate Intelligence are getting questions frequently when travelling around the country: people want to know how big a deal the e- commerce component of retail sales is. There’s really two pieces to the answer. The first is the phenomenal growth rate it has experienced. Generally, the e-commerce sector of retail has been growing between 10% and ... Read More »

Alibaba.com Teams with Global Logistics Partners to Help Small Exporters

Alibaba.com is teaming up with major logistics and transportation companies to drive down the cost of overseas shipping faced by smaller exporters and expand the choices available to users of the wholesale e-commerce website. Over the last seven months, Alibaba Group’s international B2B site has announced partnerships with UPS and FedEx for express delivery, Maersk for container shipments, and DHL ... Read More »

Alibaba, Amazon to Build Network in Bangladesh in Collaboration with the Postal Division

The postal division of Bangladesh is going to collaborate with Alibaba and Amazon to deliver their products across Bangladesh. A pilot project will be launched within a short time, said Tarana Halim, state minister for telecom and postal division, after a meeting with the postal department yesterday at her office. “We want to establish local and international partnerships, which will ... Read More »

LexisNexis® Ventures into Practical Compliance Management Guidance for E-Commerce and Start-Ups

LexisNexis® launched a new practice area module in its rich Practical Guidance portfolio with Enterprise Compliance Management module for E-commerce that provides comprehensive and up-to-date legal information and practical know-how on all aspects related to compliance needs for an E-commerce business. Mr. Shreesh Chandra, Senior Director, Content Creation & Acquisition, LexisNexis India-South Asia, said, “Enterprise Compliance Management is a module ... Read More »

Alibaba’s Revenue Jumps 54% in Q4 2016

BUSINESS HIGHLIGHTS In the quarter ended December 31, 2016: Revenue was RMB53,248 million (US$7,669 million), an increase of 54% year-over-year. Revenue from core commerce increased 45% year-over-year to RMB46,576 million (US$6,708 million). Revenue from cloud computing increased 115% year-over-year to RMB1,764 million (US$254 million). Revenue from digital media and entertainment increased 273% year-over-year to RMB4,063 million (US$585 million). Revenue from ... Read More »

WCA and Alibaba.com Collaborate on Cross-border eCommerce Shipments

WCA Ltd, the world’s largest logistics network, and Alibaba.com, announced they have concluded a co-operation agreement that will see approved WCA member companies integrated into the Alibaba.com logistics platform for cross-border eCommerce shipments. WCA will provide its professional support in vetting and approving international logistics providers for high quality and efficient logistics services for the customers of Alibaba.com. Approved providers ... Read More »

Global Sources and Globex to Jointly Launch Online System

NASDAQ-listed Global Sources and Shenzhen Globex e-Services Inc., an integrated e-commerce service provider, announced plans to co-develop an integrated electronic solution to allow more efficient cross-border trade between mainland China-based exporters and overseas buyers. The new service, expected to launch in early 2017, will include electronic customs declaration and clearance; integration of customs, banking and shipment information; as well as ... Read More »

Alibaba Cries Foul after U.S. Puts it Back on Fake Goods Blacklist

Alibaba is back on a U.S. government naughty list, and the Chinese company is suggesting politics might be to blame. The U.S. Trade Representative said Wednesday that the e-commerce giant’s main consumer site allows the sale of an “unacceptably high” level of fake goods. It restored the site, Taobao.com, to its “Notorious Markets” blacklist just four years after taking it ... Read More »

Alibaba Expands Partnerships in eCommerce and Financial Services Across the Globe

Alibaba continues to partner, invest and grow across the globe, building a greater international footprint to balance out losses from a slowing domestic market.  For one, Alibaba is setting the stage to expand its hold on Southeast Asia. Last week, Alibaba and Southeast Asia acquisition Lazada, the leading eCommerce platform in Thailand, reportedly signed an agreement to provide eCommerce training ... Read More »

Alibaba and Thailand Sign Agreement to Help Thai SMEs

China’s leading e-commerce company, Alibaba Group’s Executive Chairman Jack Ma and Thailand’s Deputy Prime Minister Somkid Jatusripitak signed a Letter of Intent for Thailand and Alibaba to cooperate to develop e-commerce in Thailand. The agreement covers four key areas: Alibaba will offer e-commerce training to Thai SMEs to aid their access to domestic and international e-commerce platforms; Thailand and Alibaba ... Read More »

Alipay and Commonwealth Bank of Australia to Provide Innovative Payment Solutions

Both companies will provide innovative payment solutions Chinese tourists and students will have another alternative way to pay for goods and services while in Australia, thanks to a new agreement inked on Monday by Commonwealth Bank of Australia and China’s Alipay. Under the new memorandum of understanding (MOU) Alipay.com, which is operated by Ant Financial Services Group, an affiliate company ... Read More »

China Creates Monitoring Center for Oversight of Cross Border E-commerce

A national quality monitoring center for cross-border e-commerce was launched on October 27, 2016 in Hangzhou, China’s e-commerce capital. The online system, approved by the General Administration of Quality Supervision, Inspection and Quarantine in June 2015, went into operation after more than a year’s preparation. The platform will form a big data center to monitor cross-border e-commerce and will have ... Read More »

Amazon and Alibaba Battle It Out for India’s B2B E-Commerce Market

It looks like Amazon and Alibaba will do whatever it takes to win in India.  After battling it out in the online consumer retail space for several years now, the two companies are all set to compete for the country’s Rs19.13 lakh crore ($287 billion) business-to-business (B2B) e-commerce segment. Jeff Bezos-led Amazon has infused Rs115 crore into its wholesale business ... Read More »

Alibaba Ramps Up B2B commerce Play in India to Aid Sellers on its Platform

Alibaba is partnering with DHL and Delhivery for providing domestic and international logistics support to Indian sellers. It’s also offering financial aid through its tie-ups with Aditya Birla Group’s NBFC arm, IDFC Bank and Kotak Mahindra Bank. Vinay Bhartia, senior VP at Alibaba, is spearheading the B2B platform in India. In the first phase, Alibaba is looking to tap SMEs ... Read More »