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Insights
07-Feb-18 Alibaba has secured a USD200 mn stake in leading Indian online grocery group BigBasket, while its payments affiliate Ant Financial agreed to invest the same sum into Indian food-ordering app Zomato. [image: Morgan Stanley Research / FT]
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Insights
06-Feb-18 Standard Bank has inked a deal with Chinese payment company UnionPay to accept its cards in African markets by the end of 2018. The deal will open China's e-commerce marketplace to the bank's customers in 20 African countries. [image: IT Web Africa]
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Insights
02-Feb-18 Walmart has teamed up with Rakuten for a new delivery service to be rolled out across Japan in the second half of 2018. Dubbed ‘Rakuten Seiyu Netsuper’, the new service allows orders to be placed on Rakuten’s online marketplace. [image: Retail In Asia / Shutterstock]
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Insights
01-Feb-18 "New retail" is Alibaba's latest buzzword. It refers to combining online and physical retail into a seamless, data-driven consumer experience, and is starting to give rise to new businesses such as cashierless convenience stores and automated pickup centers. [image: AP / Nikkei Asian Review]
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Insights
31-Jan-18 E-commerce in Singapore comprises 5% of total retail. However, the number is lower in other ASEAN countries: 3% in Indonesia, nearly 2% in Malaysia and Thailand, and 1% in Vietnam and the Philippines. [image: Credit Suisse / Singapore Business Review]
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