Discover why Farfetch acquired New York-based Stadium Goods, opting to pay $250 million for the sneaker startup.…
Chinese ask for imported products, JD.com provides
JD.com will purchase nearly RMB 100 billion worth of products from overseas brands as consumers are demanding more high-quality products from around the world.…
Australia’s November online sales surge most in three years
Online sales in November 2017 increased the most in three years in Australia, according to data released by the NAB, with consumers buying considerably more items online compared to the same month in …
Cosmetics brand VDL to open in through China’s online website, Tmall
LG Household & Health Care, Korea’s No. 2 cosmetics maker, said that its international cosmetics brand VDL started to be sold through China’s online website, Tmall, a website for business-to-cons…
South Korean cosmetics: The big winners in China
South Korean labels were the big winners in FT Confidential Research’s latest survey of China’s most popular cosmetics brands, as they catch up on dominant US and European companies. Thei…
Rocket Internet says it lost $682m this year
The well-funded firm – which runs a number of startups such as Foodpanda, Zalora, and Daraz – lost US$682 million in the first nine months of 2016.…
Jewellery retail shines bright in India
The online jewellery market in India as well is is expected to hit USD 3.6 billion in value in the next three years.…
China’s biggest e-shoppers spend $45,000 a year
Alibaba’s APASS (Alibaba Passport) membership program is open to consumers who spend a minimum of nearly $15,000 a year online. But, the average annual spend among current members is about $45,0…
How retailers can prepare for a successful Cyber Monday
While it has been usurped by Singles’ Day in Asia, Cyber Monday still rakes in a 170% year-on-year increase in weekend sales volume, making it a not-to-be-missed event for retailers.…
Suning grows fresh investment in e-commerce food platform
Suning Commerce Group has led a US$200 million series C+ round in Yiguo.com, a fresh produce e-commerce platform backed by Alibaba Group Holding Ltd and Yunfeng Capital, with participation from other …