Tag Archives: E-Commerce

Lazada Philippines names new CEO

(Source: Entrepreneur.com.ph | June 18, 2018) The local unit of e-commerce site Lazada has named Raymond Alimurung as its new chief executive officer. Lazada Philippines made the announcement official via a statement on Monday, June 18, although it was first reported on Thursday, June 14, after Alimurung’s wife, Quezon City Vice Mayor Joy Belmonte, made a congratulatory post on social ...

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US Court rules against e-commerce companies in tax case

(Source: Inside Retail Asia | June 22, 2018) Local governments in the US are now able to force online retailers to collect sales tax on purchases made in states where they have no physical presence, echoing the Australian government’s move to ‘level the playing field’ through the implementation of GST on low-value imports. In a 5-4 ruling on Thursday, the ...

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Google to invest $550 million in China e-commerce giant JD.com

(Source: ABS-CBN News, AFP | June 18, 2018) Google will invest more than half a billion dollars in China’s second-largest e-commerce company JD.com as part of a move to expand retail services around the world, the companies said Monday. The announcement comes as US giant is pushing Google Shopping, a platform allowing customers to compare prices between different sellers, which ...

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Boom time: how Middle East e-commerce is about to heat up

(Source: Arabian Business | June 16, 2018) While still in its early stages compared to other regions around the world, the region’s e-commerce market is finally beginning to boom – and as a result competition within it is heating up. Last week’s announcement that Noon, the online retailer launched by Emaar founder Mohamed Alabbar, had signed an agreement to buy ...

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Retailers to build consumer trust in e-commerce with improved COD gateway system

(Source: Business Mirror | May 24, 2018) E-commerce will continue to gain ground in the Philippines as Filipino online shoppers are projected to reach up to 42 million by 2025—all willing to shell out P918 billion for purchases they make on the Web, a recent study conducted by Google and Temasek showed. Such positive outlook for the industry opens more ...

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Saudi Arabia is next battleground for e-commerce titans

(Source: Arab News | May 18, 2018) The battle for Saudi Arabia’s online shoppers is on. One year on from the Amazon-Souq deal, the Kingdom’s youthful population is being increasingly targeted by the region’s burgeoning e-commerce industry. With the largest economy in the GCC and the youngest Internet-connected population in the world, the Kingdom represents a golden goose for the ...

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Walmart is buying India’s Flipkart

(Source: CNN Money  | May 9, 2018) Walmart has agreed to buy India’s leading online retailer Flipkart, paying $16 billion for a controlling stake of 77%. Flipkart gives Walmart access to a market it has been trying to crack for years. The Arkansas-based retailer has been restricted by local regulations to operating wholesale outlets in the world’s fastest growing economy. ...

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Alibaba snaps up Daraz

(Source: Inside Retail Asia | May 9, 2018) Alibaba Group has acquired south Asian e-commerce platform Daraz for an undisclosed sum. This will make Daraz Group’s platform a wholly owned unit of the Chinese e-commerce provider, which also runs the Taobao and Tmall platforms. “Together with Daraz, we can empower entrepreneurs to better serve consumers in the region through our ...

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Amazon may set up shop in Manila: PEZA chief

(Source: ABS-CBN News | May 10, 2018) Amazon.com may set up shop in Manila, its second after the customer service facility in Cebu City that it launched recently, a government official in charge of foreign investments said Thursday. The Manila facility will likely open by mid-year, Philippine Economic Zone Authority chairperson Charito Plaza said. Amazon.com opens first customer service office ...

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Amazon wants to buy Indian e-commerce company Flipkart

(Source: Business Insider | May 3, 2018) Amazon has made an offer to purchase approximately 60% of Indian e-commerce company Flipkart, according to CNBC. The US e-commerce titan has been interested in acquiring Flipkart for awhile; it made a bid to purchase 51% to 55% of Flipkart two years ago, a source told Reuters, but the offer was rejected because ...

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