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Alibaba Group unveils plans for 2020 11.11 Global Shopping Festival

Alibaba Group Holding Limited kicked off its 11.11 Global Shopping Festival with new innovations and features to meet rapidly changing consumer trends. These include the participation of Alipay’s digital lifestyle platform; broader consumer reach and bigger promotions; ‘double’ the number...

E-commerce emerges as mainstream payment in Thailand amid COVID-19 crisis, finds GlobalData

E-commerce has been on a sustained growth for the last few years in Thailand. While Thailand is among the few countries globally that has been successful in combating COVID-19, the lockdown measures such as restricting the opening of businesses...

Alibaba invests additional US $2 billion in Southeast Asian e-commerce firm Lazada

Alibaba Group Holding Ltd. will invest another US $2 billion in Lazada Group SA and install one of its most senior executives to run the business as it doubles its bet on Southeast Asia. Lucy Peng, who is already Chairman...

Alibaba increases stake in e-commerce platform Lazada

Alibaba Group Holding Limited (NYSE: BABA) announced that it will invest approximately US $1 billion to increase its stake in Lazada Group, the leading e-commerce platform in Southeast Asia, from 51 per cent to approximately 83 per cent. This transaction demonstrates the...

Shopmatic joins hands with leading e-comm marketplaces

Singapore-based e-commerce company Shopmatic announced joining hands with leading e-commerce marketplaces like Amazon, eBay, Lazada to seamlessly enable Shopmatic merchants in Singapore to develop their own webstores for a global presence and sell their products or services on these...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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