Tag: E-commerce
Indonesia’s Gojek, Tokopedia to merge as GoTo Group
SINGAPORE — Indonesian ride hailing company Gojek and e-commerce firm Tokopedia said Monday that they are merging to form the GoTo Group.
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Alibaba records first quarterly operating loss since IPO
HONG KONG — Alibaba had its first quarterly operating loss since it went public in 2014 after Beijing slapped a record $2.8 billion fine...
Amazon blocked 10 billion listings in counterfeit crackdown
NEW YORK — Amazon, which has been under pressure from shoppers, brands and lawmakers to crack down on counterfeits on its site, said Monday...
Beijing warns fintech firms against anti-monopoly behavior
HONG KONG — Chinese financial regulators have summoned 13 companies engaged in online finance services, including Tencent and Bytedance, and told them to strengthen...
Meituan raises $10 bln for self-driving cars, drone delivery
HONG KONG — Chinese food delivery giant Meituan raised nearly $10 billion in a sale of convertible bonds and additional shares and plans to...
Founder of Chinese e-commerce firm Pinduoduo departs
HONG KONG — Colin Huang, founder of the Chinese e-commerce firm Pinduoduo, stepped down as chairman Wednesday just as the company’s annual user base...
Japan Post, Rakuten tie-up in digital delivery, cashless pay
TOKYO — Japan’s postal system is investing 150 billion yen ($1.4 billion) in an 8% stake in the e-commerce venture Rakuten to strengthen a...