This week, the spotlight is on marketers and the need for them to work within Southeast Asia’s expanding digital ecosystem, the growth of which is fuelled by Chinese investors and increasing use of e-commerce platforms and mobile payments.
China’s tech giants in the past couple of years have been pumping big dollars into Southeast Asia. Specifically, Alibaba and its subsidiary Ant Financial, as well as Tencent, Didi, and JD.com last year invested more than USD$6bn (£4.33bn) in the region on mergers [...]
This week, the spotlight remains on Alibaba and its deal to buy out all remaining shares it does not already own in Chinese online delivery platform, Ele.me.
The transaction was estimated to place Ele.me’s market value at USD$9.5bn (£6.86bn), according to Alibaba Group, which said it – along with its subsidiary Ant Financial Services – had held a 43% stake. The two companies had invested USD$1.25bn (£902.24m) in the company in 2016.
Alibaba noted that the deal would provide a boost [...]
This week, the spotlight is back on Alibaba’s Tmall, where Ford Motor has offered up more than 100 vehicles for customers to try out via the e-commerce operator’s newly launched Super Test-Drive Centre.
Dubbed ‘China’s first auto vending machine’, the facility provides these vehicles for potential buyers to test-drive over three days before making their purchase decision. The Guangzhou centre offers only Ford models, including the U.S. automaker’s Explorer SUV, Mustang, and Escort.
Tmall customers can sign up for a [...]
This week, Alibaba Group takes the spotlight with its USD$2bn (£1.44bn) investment in Singapore-headquartered e-commerce operator Lazada, as it ramps up it expansion plans for Southeast Asia.
This would push its total investment to USD$4bn (£2.88bn), following its initial USD$1bn (£721.79m) purchase in 2016, for a controlling 51% stake in Lazada Group and another USD$1bn last year that drove up its share to 83%.
Alibaba said the latest fund injection would “accelerate” its expansion plans for Lazada in Southeast Asia, which [...]
RetailTechNews’ weekly Amazon Watch brings you some of the company’s biggest moves from the past seven days, analysing how the giant is revolutionising the retail space. In this week’s edition: Amazon to enter Vietnam in challenge to Alibaba; Sending money to friends through Alexa; and Amazon wooing small businesses.Amazon to Enter Vietnam in Challenge to Alibaba
Amazon is to officially launch its e-commerce services in Vietnam, with the aim of taking on Chinese rival Alibaba in one of the [...]
RetailTechNews rounds up some of the biggest stories in the European retail technology space. In this week’s edition: Alibaba Launches Retail Tech Offering in Europe; Decline in UK Consumer Confidence ; and AiFi Releases Data-based Supermarket System.Alibaba Launches Retail Tech Offering in Europe
Alibaba’s cloud computing arm launches eight new products ranging from big data and artificial intelligence (AI) to infrastructure, security and private cloud solutions, aimed at providing cloud computing and AI services on the European market.
Alibaba Group is back in the spotlight this week with its move into another retail sector in China – this time, in home improvement and furnishing.
The e-commerce giant said it was forking out ¥5.54bn (£625.91m) to acquire a 15% stake in Beijing Easy Home Furnishing, the country’s second-largest chain in the market. Alibaba said the move was yet another step towards expanding its New Retail strategy, which aimed to meld offline and online platforms to provide an integrated [...]
This week, Alibaba reports a 56% climb in revenue for the quarter ended 31 December, 2017, which it says is fuelled by a continued focus on the company’s ‘new retail’ strategy.
The Chinese e-commerce giant chalked up revenue totalling ¥83.03bn (£9.33bn) for the quarter, with its core commerce business growing 57% year-on-year to hit ¥73.24bn (£8.23bn) in revenue. Its net income for the quarter totalled ¥23.33bn (£2.62bn).
Alibaba added 27 million annual active consumers on its retail marketplaces, which included [...]
The recent pace of change in the payment solutions space has been rapid. From contactless payments, to mobile wallets, and now payment via QR codes, these advancements have led to talk of cashless societies. This edition of RetailTechNews’ Now & Next examines whether cashless societies could become a reality, the development of revolutionary mobile payment systems, and a future which could include paying for items using your suit.
Before examining the future of payment solutions, it is important to first [...]
This week, we put the spotlight back on Alibaba as the Chinese e-commerce giant looks to extend its industry knowhow to other Asia-Pacific markets.
Malaysia, for instance, sent 30 college students to Alibaba’s global headquarters in Hangzhou, China, where they spent 10 days attending lectures and meeting with the company’s business unit leaders. They also visited Alibaba’s Hema supermarkets to understand how the e-commerce operator melded online and offline capabilities to offer its New Retail customer experience.
In 2010, [...]