By Lulu Yilun Chen
This Sunday, the Chinese internet giant is including sales from Lazada, the online shopping mall it controls.
Alibaba Group’s newly formed on-demand online services unit has rocketed in value to as much as $30 billion after raising $4 billion in fresh funds, people with knowledge of the situation told Reuters. Alibaba combined the operation of food delivery service Ele.me and online restaurant guide business Koubei under a… Read more »
A case brought by the AIOVA, which represents more than 3,500 online sellers, complained that Flipkart was using its dominant position to favour select sellers – an argument the CCI rejected.
Hyundai is a return investor and had previously invested an undisclosed amount in Grab in January this year.
The e-commerce major is said to be nearing a deal to pick up around 9.5$ stake in Future Retail Ltd.
The platform will feature about 1,000 units of homes in the first phase of its rollout, all below a price tag of $120,000.
The move comes ahead of Singles’ Day which last year netted the firm over $25 billion in sales.
With this JV in the UK, Youon Bike will mark its fourth international foray after Russia, India and Malaysia.
Cashless payments accounted for just 20% of total consumer spending in Japan during 2016, compared with 60% in China and 89% in S Korea.
Steadview, which first invested in Ola in 2014, holds a 1.35% stake in the company.