Chinese technology giants from Alibaba Group Holding Ltd. to Tencent Holdings Ltd shed almost $260 billion of market value over two days of frantic selling, as investors scrambled to assess the fallout from Beijing’s broadest attempt to rein in its most powerful private-sector firms. Technology shares tumbled for a second day after Beijing issued regulations […]
New e-com norms spoil party for big players
It was bold a step by the government and a huge blow for the big players in India’s e-commerce market. The new rules announced by the Centre last week have indeed spoilt the year-end party for the likes of Flipkart-Walmart and Amazon.More than anybody else, these players will be hit hard as they run their […]
India Post enters e-commerce era
India Post announced its full-fledged entry into the e-commerce business, where it will leverage its parcel business for end-to-end delivery of products. Communications Minister Shri Manoj Sinha on Friday launched the e-commerce portal of the Department of Posts providing an online market place to rural artisans and public sector units to sell their products. “The […]
Fashion e-tailer: Trade war has little impact on us
David Jou, CEO of Thailand based Pomelo Fashion, says its business is growing on the back of the digital retail trend, which will continue in spite of trade tensions and issues in politics.The supply chain is not impacted as they have tapped into the manufacturing that takes place in South East Asia. SOURCE: CNBC
No sign of Singles Day fatigue as sales top US$30b
The 10th anniversary of Singles Day was celebrated with a bang yesterday on Alibaba’s Tmall site and other e-commerce platforms, showing once again that consumer spending in China remains a juggernaut for the economy. E-commerce giant Alibaba said its B2C site Tmall’s whole-day sales totaled 213.5 billion yuan (US$30.7 billion), a year-on-year jump of 26.9 […]
E-commerce giant Alibaba just opened the largest automated warehouse
Cainiao, a Chinese logistics firm majority-owned by Alibaba, opened a warehouse with over 700 robots working in it to deal with the demand from Singles Day, the huge annual shopping festival run by the e-commerce giant. SOURCE: CNBC
China adopts e-commerce law to improve market regulation
The law, which is set to “protect legal rights and interests of all parties” and “maintain the market order,” requires all e-commerce operators to fulfill their obligations to protect consumers’ rights and interests as well as personal information, intellectual property rights, cyberspace security and the environment. Read the full story at http://www.xinhuanet.com/english/2018-08/31/c_137433978.htm SOURCE: Xinhuanet
Singapore is working out how to tax e-commerce
Singapore wants to focus on services first as it looks at taxes in areas like e-commerce, says Chris Woo of PwC Singapore. Watch the video at https://www.cnbc.com/video/2018/02/19/singapore-is-working-out-how-to-tax-e-commerce.html SOURCE: CNBC
E-commerce helps improve living conditions of households in S China
Shi Qiuxiang began her online business in hometown in 2013. She got to know a kind of sweet potato planted in areas with high altitude by chance and decided to develop business on it. With her successful experience, Shi promoted her way of planting sweet potatoes to more than 1,000 households who lived in poverty […]
China’s backing of entrepreneurs key to e-commerce boom: Alibaba’s Jack Ma
Jack Ma, the founder and chairman of China’s e-commerce giant Alibaba, on Tuesday credited backing from the government for the country’s booming e-commerce sector. Read the full story at http://news.xinhuanet.com/english/2017-12/13/c_136821112.htm SOURCE: Xinhuanet