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CHINESE ECOMMERCE EXPANSION
China's JD.com weighs £2 billion bid for UK retailer The Very Group: ReportThe move would follow JD.com's earlier UK efforts, including its failed takeover bid for electricals group Currys and its decision last ye...- TIME named him world's most influential 3 times, yet most people don't know Chinese titan Tencent's $63 billion boss - who is Ma Huateng?Ma Huateng, also known as Pony Ma, is the influential co-founder, chairman, and CEO of Tencent, a global tech conglomerate. Despite a low p...
- Acko's $250 million IPO; Infosys' market cap plungeNew-age insurer Acko will soon confidentially file draft papers for its stock market debut. This and more in today's ETtech Top 5.
- Chinese proverb of the day: “When standing under someone else’s eaves, you must....” How this powerful ancient Chinese saying explains modern China’s rise— where success comes from.....Chinese proverb of the day explains modern China’s rise with striking clarity. China’s GDP jumped from $191 billion in 1980 to over $17 tri...
- China's Alibaba targets $100B in AI and cloud revenue over 5 yearsChinese tech giant Alibaba plans to earn over 100 billion dollars from its artificial intelligence and cloud businesses in the next five ye...
- Amazon takes low-cost ecommerce service globalAmazon on Friday expanded the reach of its low-cost ecommerce service to 14 additional markets and will call it Amazon Bazaar, as part of a...
- Chinese ecommerce giants rush to Europe as Trump upends tradeThis surge marks a second wave of expansion, with companies like Inc. leading the charge, seeking alternative markets and nearshoring oppor...
- Pinduoduo-owner PDD beats second-quarter revenue expectations, shares jumpEcommerce platforms in China have been offering discounts and subsidies to lure shoppers in an uncertain economy. The focus on low-cost pro...
- Apple expands retail presence in China, opens store on WeChat platformThe move by Apple comes as Chinese consumers increasingly turn to social media platforms such as WeChat and ByteDance's Douyin, the Chinese...
- Pinduoduo-owned ecommerce platform Temu expands to JapanThe marketplace, the sister site of Chinese discount ecommerce platform Pinduoduo, ships everything from clothing to electronics and home g...
- Cyber theft hits China’s money spinner courier industryCybercrime is a rapidly growing threat around the world, with China being particularly susceptible. In February, 4.5 billion pieces of pers...
- Alibaba looks to expand its Southeast Asian arm Lazada to EuropeThe move comes months after Alibaba's logistics arm, Cainiao, opened a central hub for European sales in Belgium.
- ByteDance says it will downsize fintech business, plans to sell stock broker opsByteDance also operates Douyin Pay, its own third-party mobile payment, to facilitate users on e-commerce transactions on short video app D...
- Indian traders on Alibaba seeing more discountsTop trade bodies shared this observation at a webinar organised by Confederation of All India Traders (CAIT) on plans of expansion of the b...
- Alibaba to invest $1 billion in LazadaAlibaba took control of Lazada last year from Rocket in a $1 billion deal -its largest overseas move to date.
- India's smartphone user base topped 300 million in 2016Chinese brands contributed to 46% of the total smartphone market with no Indian brand figuring amongst the top 5 smartphone brands for the ...
- Alibaba’s Delivery boys set to scale Great WallThanks to the rapidly evolving ecommerce market in India, logistics firms have been in high demand among investors.
- Ikea targets China, India expansion to lift sales by 50 per cent in four yearsThe retailer has a goal for revenue of ¤50 billion ($56 billion) by 2020.Sales in the 12 months through August rose 7.1% to ¤34.2 billion, ...
- Anti-China policy not good, says ex-NSA Shiv Shankar MenonThe report mooted greater Chinese participation in India’s e-commerce sector and common Sino-Indian position on US-led Trans Pacific Partne...
- Policy should focus on making broadband ubiquitousContract enforcement and pan-India logistics, necessary conditions for expansion of e-commerce to all corners of the land, remain tough.
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