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Alibaba Raises Ownership of Lazada to 83%

Alibaba Group is raising its bet on populous Southeast Asia, a region that is home to more than 600 million consumers. The e-commerce company announced it would plough an extra $US1 billion ($1.31bn) into Southeast Asian e-commerce firm Lazada Group, raising its stake to 83 per cent, from 51 per cent. Alibaba had paid $US1bn for a controlling stake in ... Read More »

Alibaba Details Its Plans for Worldwide Growth

Alibaba (BABA) executive chairman Jack Ma recently made the bold prediction that Alibaba would hit $1 trillion in gross merchandise value (GMV) by the 2020 fiscal year, and eventually serve two billion customers by 2036.  Although Alibaba currently dominates the enormous Chinese market, achieving such lofty goals obviously would require a significant global expansion. “If a company can serve two ... Read More »

Mobius Exhibits at IRCE 2017 – Announces Launch of ProductiWise

Indian-based data solutions provider, Mobius, is participating at the IRCE (Internet Retailer Conference and Exhibition) 2017, in Chicago, between June 6-9, 2017, where they will also be launching their intuitive, bot-enabled product data platform ProductiWise.  This launch marks Mobius’ foray into the data solutions space in the e-Commerce sector. Data’s influence has impacted every aspect of business, including e-Commerce. By ... Read More »

Global Sources to be Privatized and Sold to Blackstone

NASDAQ-listed Global Sources announced the company has entered into an agreement “of amalgamation with Expo Holdings I Limited and Expo Holdings II Limited.” Initially, it was announced that under the terms of the agreement, all outstanding shares of Global Sources would be converted into the right to receive US$18.00 per share when the deal closes. Then later in the week, ... Read More »

The Alibaba Effect: When Private Sector E-Commerce Becomes Embedded in Trade Agreements

E-Commerce at the Highest Level: Alibaba Group and Argentinian Government Form Partnership to Boost Trading Opportunities Alibaba Group, the world’s largest online and mobile commerce company, and the Government of Argentina, signed a Memorandum of Understanding (MOU) today to build new trade opportunities, tapping into the enormous potential of the Chinese consumer market. A range of Argentine produce is highlighted ... Read More »

B20 Policy Recommendations: Shaping an Interconnected World

On May 3rd, 2017, the B20 has officially handed over its Policy Recommendations to German Chancellor Angela Merkel at the B20 Summit in Berlin. The recommendations are the product of a yearlong process of our seven Taskforces and Cross-thematic Groups, which comprise over 700 members from all G20 economies with BIIA being part of it. Developed under the theme “Building ... Read More »

Tencent Jumps into India’s E-commerce Frenzy

On April 10, Flipkart announced that Tencent, along with Microsoft and eBay, had poured $1.4 billion into the Indian online retailer.  This happens to be the largest amount ever raised by an Indian internet company in a single round.  It also marks Tencent’s arrival in the thick of India’s frenzied e-commerce battle, where homegrown Flipkart is attempting to stave off ... Read More »

Alibaba’s Ant Financial to Develop Services in Indonesia as Global Expansion Continues

Ant Financial, the fintech company affiliated with Alibaba, is continuing its global expansion. The firm has taken its first official step into Indonesia today after it announced a joint venture to develop local financial services.  The company has partnered with conglomerate Emtek, Indonesia’s second largest media firm and an investor in -major e-commerce player Bukalapak, to enter Indonesia, which is ... Read More »

Alibaba gets serious in Southeast Asia in preparation for battle with Amazon

Alibaba is getting down to work in Southeast Asia as it bids to lead the region’s promising e-commerce space and maximize its early mover advantage over Amazon. Alibaba Executive Chairman Jack Ma has spent the past year hobnobbing with a range of heads of state across the region’s key countries, including Australia, Singapore, Thailand and Indonesia. This week, Ma’s dabbling ... Read More »

HC International posts a 114% jump in revenues

HC International, a leading online B2B information services provider in China, reported total revenues of US$277 million for the year ended 31st December 2016. That represents an impressive 114% increase of the 2015 figure.  The Group’s EBITDA was US$80 million, representing a year-on-year increase of 358%. HC International’s dilute earnings per share in the year were RMB 0.1852 (US$0.027). Management ... Read More »

Made-in-China.com 2016 Revenue Up 38%

Focus Technology, the holding company of Made-in-China.com, reported its financial results for the year ended 31st December 2016.  Total revenues were US$99 million in 2016, up 38% over the previous year.  However, net profit dropped by 29%, to US$16 million.  Diluted earnings per share in the year were RMB 0.95 (US$0.14). The company’ management attributed the increase in revenues to: ... Read More »

PICO Launches One-stop O2O Exhibitor Service Platform allows Easy, Economical and Efficient Sourcing

Pico Far East Holdings Limited is pleased to announce that its disruptive strategic platform has just launched its second initiative – E3 (Easy. Events. Exhibition), a one-stop O2O exhibitor service platform dedicated for SME exhibitors. The recently-released Annual Report on China’s Exhibition Economy shows that the exhibition industry in China will continue to enjoy steady growth. Trade shows and exhibitions are major avenues ... Read More »

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 »