[China] Alibaba targets overseas Chinese with Tmall World
Alibaba Group has launched Tmall World, a service aimed at giving 100 million overseas Chinese access to 1.2 billion products it sells through its Mobile Taobao app and other online platforms. Tmall World is primarily targeting Hong Kong, Malaysia, Singapore and Taiwan, all of which have significant Chinese-speaking populations and secondarily targeting English speakers in Southeast Asia.
[Southeast Asia] JD.com planning to enter Thai market
Chinese e-commerce company JD.com plans to enter the Thai market this year as its second Southeast Asia market after Indonesia.
[U.S.] Amazon’s Lending Business for Online Merchants Gains Momentum
The Seattle-based e-commerce giant has lent $3 billion to more than 20,000 small businesses in the U.S., U.K. and Japan, the company announced Thursday. Amazon launched the lending business in 2011 and uses data from more than 2 million merchants to identify those it deems credit worthy. The company issued $1 billion in loans in the past year to merchants selling on its marketplace.
[U.S.] Amazon to buy upmarket grocer Whole Foods for $13.7 billion
Amazon.com Inc said on Friday (6/16) it would buy U.S. organic supermarket chain Whole Foods Market Inc for $13.7 billion. Amazon and Whole Foods expect to close the deal during the second half of 2017.
[U.S.] Walmart to buy Bonobos for $310M as it continues e-commerce battle with Amazon
Walmart announced Friday (6/16) it is buying online apparel company Bonobos for $310 million to further beef up its e-commerce operation as it continues to compete with Amazon.
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