US online retailer iHerb is setting up a new warehouse in Hong Kong with Cainiao Smart Logistics Network, the logistics arm of Chinese e-commerce giant Alibaba Group Holding, seeking to boost its order fulfilment capabilities in Asia. The Hong Kong facility, which will be operated by Cainiao, can process up to 15,000 orders per day, … Read more
The US e-commerce giant told Chinese merchants in an invite-only meeting on Wednesday that this new online budget marketplace will feature non-branded fashion items, household goods and daily necessities, which will ship directly to consumers from warehouses on the mainland in nine to 11 days. That plan, first reported by online tech publication The Information, … Read more
2023 was a year of downturn for the UK fintech sector but still, it was the second best in attracting funding. According to the latest findings of a report compiled by Innovate Finance based on PitchBook data, UK Fintech funding declined at a steeper rate than the global average decrease in fintech funding in 2023. … Read more
