Alibaba to cast its net beyond borders to set new Singles’ Day record

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This Sunday, the Chinese internet giant is including sales from Lazada, the online shopping mall it controls.

Alibaba’s new on-demand online services unit said to be valued at $30b

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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 »


Flipkart, Amazon not abusing market position, says India’s CCI

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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.


Grab lands $250m from Hyundai and Kia, ups Series H round total to $2.7b

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Hyundai is a return investor and had previously invested an undisclosed amount in Grab in January this year.


Amazon beefs up India logistics arm, closes in on Future Retail stake buy

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The e-commerce major is said to be nearing a deal to pick up around 9.5$ stake in Future Retail Ltd.


Malaysia: The Edge Property launches P2P crowdfunding platform FundMyHome

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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.


Alibaba cuts sales forecast on economic uncertainty, trade fears

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The move comes ahead of Singles’ Day which last year netted the firm over $25 billion in sales.


China: Youon Bike expands to Europe through JV with Cycle.land

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With this JV in the UK, Youon Bike will mark its fourth international foray after Russia, India and Malaysia.


Origami Inc pushing QR app to replace cash payments in Japan

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Cashless payments accounted for just 20% of total consumer spending in Japan during 2016, compared with 60% in China and 89% in S Korea.


Existing backer Steadview Capital may invest another $100m in India’s Ola

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Steadview, which first invested in Ola in 2014, holds a 1.35% stake in the company.