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E-Commerce

Alibaba Takes $6.4B Stake in Electronics Retailer Suning

Online e-commerce giant Alibaba invests in brick and mortar and distribution by taking a 19.9% stake in retailer Suning; while Suning acquires 1.1% stake in Alibaba. Alibaba is set to invest US$4.6bn into the Chinese electronics retailer Suning, giving Alibaba a 19.99% stake in the company.  The deal will provide Alibaba with a bricks-and-mortar network of distribution centers and delivery ... Read More »

Alibaba Boosts International Expansion with new Executive Appointment

Alibaba Group Appoints Michael Evans as President of Alibaba Group.  Evans to Lead and Execute Alibaba Group’s International Growth Strategy Alibaba Group announced the appointment of Michael Evans as President of Alibaba Group, effective immediately.  Mr. Evans will continue his service as a management member of the Alibaba Group Board, having previously served as an independent director since the company’s ... Read More »

Alibaba Increases Stake in SingPost

Alibaba Group and SingPost announced that they have signed a joint venture agreement to expand their e-commerce logistics collaboration. The joint venture will focus on three main initiatives that will aim to build a unique, worldwide e-commerce logistics platform. After the initiatives, Alibaba will increase the stake in SingPost to from 10.23% to 14.51%. Alibaba first acquired a stake in ... Read More »

ITE WorldBuild365 launched

ITE Group PLC recently launched WorldBuild365, a digital platform that connects buyers and sellers in the building, design & décor, and interiors industries. Available online and from mobile devices, WorldBuild365 provides in-depth data on the industry, its professionals and products. The platform allows suppliers to add and edit information. In addition to the business conducted on the platform, there is ... Read More »

The World Economic Forum: Disruptive Innovations are Reshaping Financial Services

We have recently come across this impressive document published by the World Economic Forum.  Our members should add it to their list of summer readings.  Especially those members who work in credit information services.  Credit and information are intertwined and whatever happens in the financial services sector will ultimately impact credit information.  Intelligent trading platforms which link buyers and sellers ... Read More »

Alibaba Group Announces Expansion of Cross-Border E-commerce Initiatives

Alibaba will set up country pavilions and cooperate with foreign embassies to enhance global trade between small businesses and the Chinese market Alibaba Group Holding Limited (NYSE:BABA), announced an expansion of its cross-border e-commerce initiatives, including the launch of 11 official country pavilions on its Tmall Global platform and cooperative partnerships between Juhuasuan, Alibaba’s group-buying platform, and 26 foreign embassies ... Read More »

Yelp No longer Looking to Sell

Yelp shares fell more than 13% on Thursday July 2after Bloomberg reported that the company is not looking to sell itself. According to the Bloomberg report, based on interviews with people familiar with the matter, Yelp had been approached by several companies but is no longer interested in selling soon. Yelp hired Goldman Sachs after receiving interest from a potential buyer, according ... Read More »

Alibaba Choses India Based TDI as Channel Partner

Alibaba Group has roped in advertising agency TDI International as its first official channel partner in India.  The partnership will allow TDI’s mobile and internet vertical to sell alibaba.com’s gold membership packages to the small-and-medium sized businesses in the country. “We have been the leader of Outdoor Advertising in India since 1986 and the tie-up with Alibaba.com is a natural progress in the digital ... Read More »

Alibaba’s Jack Ma Lays Out U.S. Strategy

Alibaba’s U.S. strategy is about getting more American companies on its platform to sell to Chinese consumers — not about trying to market to U.S. consumers, the company’s founder and executive chairman, Jack Ma, emphasized on Tuesday. “We need more American products to go to China,” Ma said at Tuesday’s Economic Club of New York gathering at the Waldorf Astoria ... Read More »

Alibaba launches Korea Pavilion on Tmall.com

Alibaba Group, has announced the launch of a Korea Pavilion on its Tmall.com platform.  Tmall.com’s Korea Pavilion opened on 18th May and allows any Korean retail goods to be listed. Tmall.com’s Korea Pavilion was introduced in a ceremony at the aT Center by Jack Ma, founder and executive chairman of Alibaba Group, and Choi Kyunghwan, Deputy Prime Minister of Korea. ... Read More »

Google Brings Indian Business Information Online

A five month trial of the online business registration service Google My Business (GMB) has seen over a million small and mid-size businesses (SMBs) registering in India. With an average of 25,000 businesses signing up to the app each week, the tech giant is hoping to capture the details of some 20 million businesses in the country by 2017. Google’s ... Read More »

Yelp Seeks Buyer Amid Slow Growth & Rising Costs

Yelp Inc. is exploring a sale as the company at the top of many Internet search results struggles to post strong growth with users and advertisers. The San Francisco-based site was willing five years ago to go it alone despite an acquisition offer from Google Inc.  Today, it is working with investment bankers and sounding out potential buyers, people familiar ... Read More »

Made-in-China.com’s Q1 2015 Profit Up 31%

News this week: Shenzhen-listed Focus Technology, the operator of Made-in-China.com, released its financial results for the quarter ended 31st March 2015. Revenues dropped 15% year-on-year, down to US$17 million. The company’s management did not comment on the decline. Net income in the first quarter jumped 31%, amounting to US$3.8 million. Diluted earnings per share in the quarter were RMB 0.20 ... Read More »

Alibaba’s Q1 Revenue up 45% in FY2015 – Announces Changes in Leadership

Alibaba Group announced its results for the quarter and the fiscal year ended 31st March 2015.  For the quarter ended 31st March, the company recorded revenues of US$2.8 billion, up 45% over same period in 2014.  However, net income in the period was down 49% year-on-year, to US$463 million. Revenues from Alibaba’s China B2B business, primarily generated from 1688.com, grew ... Read More »

Alibaba Invokes Hiring Freeze

Alibaba Group is freezing hiring for the rest of the year because it has grown “too quickly,” Executive Chairman Jack Ma told staff. The hiring freeze came to light about a week before Alibaba is due to report March quarter earnings on May 7.   In January, Alibaba, which handles more online commerce than Amazon and eBay combined, reported slowing revenue ... Read More »

Baidu Invests in Keru Cloud

Baidu has invested $11 million in restaurant management SaaS startup Keru Cloud. The startup aims to become an all-in-one solution for restaurants and other businesses that are going digital. It currently has about 3,000 restaurants as clients, and plans to increase that figure to 20,000 by the end of this year. Baidu told Tech in Asia that Keru Cloud “fits ... Read More »