[U.S.] Wal-Mart to launch investment arm in e-commerce push
Wal-Mart Stores Inc will launch its first investment arm to expand its e-commerce business in partnership with retail start-ups, venture capitalists and entrepreneurs. The venture, called Store No. 8, will work with startups that specialize in areas that include robotics, virtual and augmented reality, machine learning and artificial intelligence.
[Southeast Asia] Alibaba to open Malaysian distribution hub
Alibaba will open a Malaysian distribution hub at Kuala Lumpur International Airport Aeropolis to serve its growing business in Southeast Asia. Alibaba founder Jack Ma and Malaysian Prime Minister Najib Razak will announce the project at an event in Kuala Lumpur next week.
[Southeast Asia] Amazon delays its entry into Southeast Asia
Amazon has postponed its much-anticipated entry into Southeast Asia. The Singapore launch project has been fairly guarded within Amazon itself, details of the initiative are not widely known by Amazon staff in the region, but it appears that the groundwork required to set its business up has taken longer than the company originally anticipated.
[Russia] Russia’s retail e-commerce market soars 20% to $15.7 billion
Russia’s total retail e-commerce sales reached 920 billion rubles ($15.7 billion) in 2016, up 20 percent from the previous year, according to a study by the Association of Online Retail Companies (AKIT), which unites the country’s largest e-commerce retailers. AKIT estimates the market will top 1 trillion rubles ($17.1 billion) in 2017. Last year, growth in the cross-border retail market (37 percent) significantly outpaced that of the local market (6 percent). As a result, foreign retailers accounted for over 300 billion rubles ($5.2 billion) in 2016 – a third of the market. According to AKIT data, 90 percent of goods purchased abroad came from China, but in monetary terms the share of Chinese retailers was slightly over 50 percent. In 2016, Chinese online retailer Aliexpress became the most popular online store in Russia, with over 22 million unique visitors a month.
[China] Nature’s Way® and Export Now Launch China E-Commerce Store
Nature’s Way, a leading American dietary supplements company, has launched its flagship store on Tmall. Export Now is the solution provider.
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