On Nov 27, Mr Singh received not eggs but a call from a UOB customer service officer, asking about a hefty credit card transaction which Mr Singh “vehemently denied”. He checked his bank accounts with both UOB and DBS and found, to his horror, that all of his funds had been depleted. “When (I saw) … Read more
Alibaba Group Holding is pushing millennials, typically defined as those born in the early 1980s to mid-1990s, to take key roles in the country’s largest online market, as the Hangzhou-based e-commerce giant repositions itself to fend off fierce competition from rivals such as PDD Holdings. The company’s Taobao and Tmall Group has promoted six young … Read more
Alibaba Group Holding’s Damo Academy has established a new research unit, which started recruiting the first batch of more than 100 postdoctoral candidates it aims to train, marking the Chinese e-commerce giant’s latest push to expand its global research programme in cutting-edge technologies. The new research unit will support these candidates’ postdoctoral work across various … Read more
Dozens of orders had been placed for those two seafood products on Tmall as of Tuesday noon, which could be viewed by some as a lukewarm performance on the platform. Taobao and Tmall have more than 800 million monthly active users as of November. Alibaba owns the South China Morning Post. Dozens of orders had … Read more
Amazon is in talks to invest in regional-sports programmer Diamond Sports, a move that would advance the e-commerce giant’s aggressive push into sports content, the Wall Street Journal reported Monday, citing people familiar with the matter. Diamond Sports Group, which carries the games of more than 40 major sports teams across the US and filed for … Read more
San Francisco: Growing e-commerce marketplace Temu has sued its rival Shein, alleging that the online shopping giant is using “Mafia-style” intimidation tactics on merchants. In the lawsuit filed in the US, Temu alleged that Shein deployed increasingly aggressive strategies to “illegally interfere with Temu’s business.” “Shein chokes the ultra-fast-fashion suppliers with exclusivity requirements and mafia-style … Read more
Alibaba e-commerce platforms a key channel for European businesses to sell into China, says study The e-commerce platforms run by Alibaba Group Holding have become an important channel for European firms to sell goods overseas, according to a new study, as Chinese online shopping giants continue to invest in international expansion. Exports from 27 European … Read more
American e-commerce leader Amazon.com has introduced a slew of initiatives as part of a renewed strategy to help Chinese merchants sell abroad, at a time when China-founded rivals like Shein and Temu are gaining traction. The moves include an innovation centre in the southern tech hub of Shenzhen, the first in the Asia-Pacific region, that … Read more
The collaboration between Ant, the fintech affiliate of South China Morning Post owner Alibaba Group Holding, and Shenzhen-based Huawei is expected to benefit consumers who use Alipay and the Chinese tech firm’s devices across different scenarios, according to a statement by Ni Xingjun, president of Alipay China business group and chairman of Ant’s technology strategy … Read more
Kuaishou Technology, China’s second-largest short video platform after ByteDance’s Douyin, has launched an “online festival” to encourage home sales amid a deep property market slump in the country. The one-month campaign, called “national home-buying season”, started on Wednesday and will run through January 5, during which the platform will promote star agents, bargain prices and … Read more
