GrabTaxi steps up Uber rivalry in SE Asia with carpooling service

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Ride-hailing app GrabTaxi, which competes with Uber Technologies Inc in southeast Asia, is planning to launch a carpooling service in Singapore, one of the most expensive cities in the world to own a car. “GrabHitch hits the sweet spot for people who want a door-to-door transport service, but prefer not… Read more »

Alibaba’s Jack Ma expects Singles’ Day to show at least 50 pct growth each year

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Alibaba Group Holding Ltd‘s annual Singles’ Day shopping festival should have 50 percent growth each year, founder and executive chairman Jack Ma said in Beijing on Wednesday. Singles’ Day is the biggest shopping event in the world, larger than the United States’ Black Friday and Cyber Monday combined. Many Chinese… Read more »


Alibaba breaks own record as its sales on China’s Singles Day surge 60 percent to $14.3b

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Alibaba Group Holding Ltd‘s total value of goods transacted during its Singles’ Day shopping festival was 91.2 billion yuan ($14.32 billion), the Chinese e-commerce giant said in Beijing on Thursday. The numbers got a boost this year from adding the sales from various new channels, including its affiliates and investees…. Read more »


Value of goods sold on Singles’ Day surpasses last year’s $9.3b, says Alibaba

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Chinese e-commerce giant AlibabaGroup Holdings Ltd said on Wednesday the value of merchandise it has sold so far during the Singles’ Day online shopping extravaganza had surpassed last year’s total of $9.3 billion. The company, which six years ago turned Nov. 11 into China’s equivalent of U.S. shopping event Cyber… Read more »


Indonesia: E-tailers launch mega promo campaigns; Dinomarket breaks even in 7th year of ops

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The year-end spells major promotional action by e-commerce firms in Indonesia as they launch online shopping festivals in November and December while local firm Dinomarket gains stronger foothold. E-commerce players launch year-end campaigns A number of major e-commerce players, such as Lazada and Zalora, are launching major shopping campaigns to boost… Read more »


Gucci, Yves Saint Laurent and others suing Alibaba say mediation looks futile after Ma comments

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Luxury brands suing Chinese e-commerce behemoth Alibaba Group Holding Ltd have asked a U.S. judge to be relieved of the obligation to mediate, which they say looks futile after Alibaba founder Jack Ma was quoted in a magazine as saying he would rather lose the case than settle. Gucci, Yves Saint… Read more »


India: Single-brand retailers with FDI can now set up e-commerce portals and sell online

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The government on Tuesday allowed single-brand retailers with foreign investment to sell online, a move that could clear the way for companies such as Swedish furniture retailer Ikea and fashion retailer Hennes and Mauritz AB to set up e-commerce portals in the country. Companies will also get more time to… Read more »


India: Food startup Hello Curry eyes national expansion

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Indian-speciality quick service restaurant (QSR) chain Hello Curry Pvt. Ltd. that serves curries and biryanis, has tied up with multiplex operator PVR Ltd. and is in talks with established restaurant chains in metros as it seeks to expand its network at a faster clip to compete better with international fast… Read more »


Alibaba hits $3.9b gross merchandise volume in first hour during Singles’ Day sale

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Ecommerce giant Alibaba Group Holding Ltd said it generated more than $3.9 billion in gross merchandise volume(GMV) within the first hour of its China’s Singles’ Day sale. This compares with $2 billion recorded in about an hour in the 2014 sales event, which is held on Nov. 11 and is… Read more »


Indian e-commerce biggie Flipkart relaunches mobile web business

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Flipkart Ltd, India’s largest e-commerce firm, relaunched its mobile web business by introducing web-based apps that will potentially make it easier and more convenient for people to shop on mobile phone browsers, as the company seeks to dominate smartphone-based shopping and avoid losing customers to rivals. Flipkart shut its mobile… Read more »