Yahoo Archives - Inside Retail Asia
Yahoo Japan reportedly has plans to buy the owner of Zozotown, the country’s largest online fashion retailer, before expanding the business to take on e-commerce heavyweights Rakuten and Amazon.
Gap Incorporated has launched its newest “digital brand flagship store” on Yahoo! Taiwan.
Amazon has replaced Google and major brick-and-mortar retailers as the starting point for Americans searching specific products to buy.
eCommerce company Zilingo has closed an $8 million investment with plans to expand into Indonesia.
Alibaba is seeking to acquire Indian online marketplace ShopClues, valued at more than US$1 billion.
Performance marketing technology company Criteo has appointed Yvonne Chang as executive MD of Asia-Pacific, the company’s fastest-growing region globally.
Yahoo Hong Kong has launched its Yahoo Hong Kong-Taiwan cross-border eCommerce platform today.
Alibaba has invested US$1 billion in a new joint venture called Koubei to invest in new eCommerce businesses, including food delivery.
JD.com, China’s largest online direct sales company, has appointed former Yahoo! executive Chen Zhang as senior VP.
Indonesia’s VIP Plaza, a fashion flash sales site, has secured funding from Yahoo Japan Capital to launch a Southeast Asian roll-out. Tesong Kim, co-founder of VIP Plaza, says the new funds will be used to strengthen the eCommerce store’s marketing activity and help VIP Plaza reach more consumers across Indonesia. VIP Plaza is looking to expand globally, starting with a brand new office in Malaysia that opened recently, and initially focussing on Southeast Asia. TechInAsia.com reports …
US internet company Yahoo will spin off its US$40 billion stake in China’s Alibaba into a separate company. Existing Yahoo shareholders will receive shares in the new venture, to be called SpinCo, and will then be free to retain the shares or liquidate them. The innovative solution is designed to minimise taxes and return more cash for shareholders. Yahoo bought its Alibaba stake for just $1 billion in 2005 and it now has a book value of $40 billion – effectively most of Yahoo’s own bu…