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e-commerce

Alibaba’s US$4.5 billion convertible bond sale ‘oversubscribed’, as tech giant builds war chest to fund share buy-backs

by Anas Siddiqui
Alibaba’s US.5 billion convertible bond sale ‘oversubscribed’, as tech giant builds war chest to fund share buy-backs

Alibaba Group Holding is selling up to US$5 billion worth of convertible bonds to fund its share buy-backs, as leaders of the Chinese tech giant declared e-commerce and cloud computing …

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China’s 618 shopping festival: Alibaba touts early sales after withholding data last year, a sign of brighter outlook

by Anas Siddiqui
China’s 618 shopping festival: Alibaba touts early sales after withholding data last year, a sign of brighter outlook

Alibaba Group Holding and other e-commerce operators have released encouraging early sales data from their midyear 618 promotions – China’s biggest shopping season after Singles’ Day, and a bellwether of …

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China’s e-commerce market still has ‘ample room’ for growth despite slowdown in retail sales, JPMorgan analyst says

by Anas Siddiqui
China’s e-commerce market still has ‘ample room’ for growth despite slowdown in retail sales, JPMorgan analyst says

China’s e-commerce market has the potential to further expand in the next few years amid improved penetration by internet platform operators into key sectors, despite a slowdown in retail sales, …

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Wayfair to open first large store outside of Chicago

by Anas Siddiqui
Wayfair to open first large store outside of Chicago

Wayfair store in Wilmette, Illinois. Courtesy: Wayfair What retail apocalypse? Online home goods retailer Wayfair is opening its first namesake store, near Chicago, following a string of other digitally native …

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JD.com commits US$900 million to support nationwide trade-in programme for home appliances, consumer goods

by Anas Siddiqui
JD.com commits US0 million to support nationwide trade-in programme for home appliances, consumer goods

Chinese e-commerce giant JD.com is investing more than 6.5 billion yuan (US$900 million) with partners to bolster this year’s nationwide trade-in programme for home appliances and consumer goods, part of …

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Hoka to open stores in Causeway Bay, Mong Kok as running shoe brand eyes rapid growth of fitness, health market in Asia

by Anas Siddiqui
Hoka to open stores in Causeway Bay, Mong Kok as running shoe brand eyes rapid growth of fitness, health market in Asia

Caroti was in Hong Kong to meet with Hoka’s partners in Asia and to open its FlyLab installation at K11 Musea on the Tsim Sha Tsui promenade, where shoppers can …

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Exclusive | China’s Kuaishou aims to replicate model in overseas expansion plan with focus on Middle East, Brazil and Southeast Asia

by Anas Siddiqui
Exclusive | China’s Kuaishou aims to replicate model in overseas expansion plan with focus on Middle East, Brazil and Southeast Asia

Kuaishou Technology, China’s second-largest short video and live streaming platform operator, is hoping to replicate its winning strategy at home in overseas markets given the big opportunities in the Middle …

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Alibaba opens new global headquarters in Hangzhou, China on annual family day

by Anas Siddiqui
Alibaba opens new global headquarters in Hangzhou, China on annual family day

The new complex, comprising seven buildings spanning nearly 1 million square metres (10.7 million square feet) of floor area, has enough office space to accommodate 30,000 employees, according to local …

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Shopify’s shares hit a 6-month low after quarterly growth slows

by Anas Siddiqui
Shopify’s shares hit a 6-month low after quarterly growth slows

Canadian e-commerce platform Shopify forecast its slowest quarterly revenue growth in two years against the backdrop of an uncertain economy and tepid consumer spending, sending its shares slumping about 20 …

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Amazon plans to deploy a dozen electric seaport trucks amid push to slash tailpipe emissions

by Edgar Davis
Amazon plans to deploy a dozen electric seaport trucks amid push to slash tailpipe emissions

LOS ANGELES, May 7 (Reuters) – Amazon.com, on Tuesday unveiled the first of a dozen Volvo electric big rigs it plans to deploy this year to pick up cargo from …

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