The campaign called “10 billion yuan of subsidies” – a typical mainland marketing phrase used to tout large online allotments – will be given to an initial batch of 1,000 Chinese brands and merchants, including those who have already opened a store on Alibaba’s domestic retail platform Tmall, according to an AliExpress statement on Monday. … Read more
“Reluctantly, we will bid farewell to many valued members of the Daraz family,” acting chief executive James Dong said in an internal memo published on the company’s website on Tuesday. Alibaba, owner of the South China Morning Post, acquired Daraz in 2018. “Despite our efforts to explore different solutions, our cost structure continues to fall … Read more
SINGAPORE: Employees retrenched during Lazada’s recent layoffs will get “an enhanced support package” following talks between the company and the workers’ union. In a joint statement on Sunday (Feb 4), Lazada, the National Trades Union Congress (NTUC) and its affiliate Food, Drinks and Allied Workers Union (FDAWU) said that “an amicable settlement” has been reached, and the … Read more
Daraz Group, a South Asian online shopping platform owned by Alibaba Group Holding, has named a new chief executive, amid continued leadership reshuffling at the Chinese e-commerce giant. James Dong, who already runs Southeast Asian e-commerce platform Lazada Group, has been appointed as the platform’s acting CEO, Daraz Group said in a statement on Wednesday. … Read more
SINGAPORE: Lazada has apologised to the union representing their workers for not consulting it prior to its latest retrenchment exercise. In a joint statement on Saturday (Jan 6), the National Trades Union Congress (NTUC) and its affiliate Food Drinks and Allied Workers Union (FDAWU) said that the FDAWU has accepted Lazada’s apology. “Both parties have agreed to work closely together and to … Read more
Shares in GoTo, whose business includes ride-hailing, delivery and financial services, tumbled 8.3 per cent after the announcement, as some investors took profit from the stock’s recent rally on expectations of a deal with TikTok. A billboard advertising GoTo’s initial public offering in Jakarta, Indonesia in 2022. . Photo: Bloomberg “We need to see what … Read more
