Latest eCommerce News - Inside Retail Asia
Record quarterly profit for WeChat parent Tencent Holdings
Social media and mobile gaming help Tencent Holdings post its fastest revenue growth in seven years for a record profit.
Mainland China’s demand for wine driving online sales surge
China’s demand for wine has surged as a result of its expanding middle class, says the Hong Kong Trade Development Council.
Toscano, Y Ventures team to launch Faire Leather
Toscano has formed a JV with Y Ventures Group to set up an online-only private label, Faire Leather.
JD.com second-quarter revenues rise 43 per cent
JD.com second-quarter net revenues grew by 43.6 per cent, reaching RMB93.2 billion.
Gap opens flagship store on Yahoo! Taiwan
Gap Incorporated has launched its newest “digital brand flagship store” on Yahoo! Taiwan.
Alibaba’s IPP Platform offers speedier action
Alibaba’s IPP (Intellectual Property Protection) Platform has been enhanced, offering faster processing for takedown requests from brands and rights holders.
Giordano International recovers from early fall
In a turnaround from a 1.6 per cent drop in the first quarter, Giordano International had a 3.4 per cent rise in half-year group sales to HK$2.6 billion.
Giant leap in Walmart-JD shopping festival sales
Transaction volumes were 13 times the previous 24-hour sales record for the Walmart-JD Omni-Channel Shopping Festival in China.
11st rakes in record $3.7 billion for half-year
E-commerce platform 11st in South Korea has posted a transaction record of US$3.7 billion for its first half.
Big brands supporting Tmall Luxury Pavilion
Brands like Burberry, Guerlain, Hugo Boss, La Mer, Maserati and Zenith are already supporting Alibaba Group’s new Tmall Luxury Pavilion.
Online marketplace Pinkoi Thailand launches
Online curated marketplace Pinkoi Thailand has officially launched.
Kering lawsuit withdrawn as it agrees to work with Alibaba
The Kering lawsuit filed against Alibaba and Alipay, an Ant Financial subsidiary, in the US district court in New York last year has been withdrawn.
