1. Alibaba Wine & Spirits Festival planned
Alibaba will launch its first Global Wine & Spirits Festival on September 9th, featuring 100,000 international wines, cognacs, whiskeys and other beverages from 50 countries to Chinese consumers through Tmall.com. Hundreds of brands will make their China debut during the festival. According to Wine Intelligence, a market research firm based in the UK, 48 million Chinese bought imported wine last year. Alibaba says that Tmall saw the number of active wine and spirit buyers grow five times to 10 million from 2013 to 2015.
RELATED: Primavera, Alibaba’s Ant Financial dunk $460M into KFC owner’s spinout Yum China
Alibaba’s financial arm Ant Financial and its key investor Primavera are investing $460 million into Yum China, a spin-out from Yum Brands which owns KFC, Taco Bell, and Pizza Hut. Yum China plans to spin off from Yum Brands on October 31 and will operate all Yum’s brands in the country. This strategic investment is aligned with the company’s online-to-offline strategy and allows Alibaba to leverage its Alipay payment system and other ecommerce initiatives across Yum China’s restaurants.
2. Russia to support development of e-commerce — Putin
Russia will support the development of e-commerce without sacrificing the interests of the state, President Vladimir Putin said on September 2nd.
3. Mobile and Internet Usage Propels Southeast Asia’s Retail Ecommerce Sector
Despite the challenges that may hamper the ecommerce growth in the region, “Southeast Asia has all the ingredients for a promising ecommerce market – rising internet and mobile penetration, a growing middle class with greater discretionary spending, and an increasing supply of digital platforms.” eMarketer estimates that the online retail sales in the region’s six largest markets will reach $14 billion in 2016. Nonetheless, ecommerce’s contribution to retail sales is still relatively small. For example, online retail sales will only make up 4.5% of total retail sales in Singapore in 2016. The number for China is 18.4%.
4. Amazon India Tops E-Commerce Sales In July
Amazon India surpassed homegrown marketplace Flipkart in GMV in July and became the largest e-commerce player in the country. Amazon has been investing heavily in India. The company invested $3 billion in June alone, taking its net investment to over $5 billion in the country. Besides having deep pockets, Amazon also benefited from Flipkart’s going back and forth on strategic decisions. India’s ecommerce market is expected to grow to about $120 billion by 2020, which presents a massive growth opportunity for Amazon.
5. Shopify launches its POS app and card reader in the UK
Shopify is launching its retail hardware and point-of-sale app for merchants in its second largest market, the UK. Sellers who use Shopify to power their ecommerce can accept a range of payment options. The Shopify app and reader combo supports tap, chip, swipe, and online payments.
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