E-COMMERCE

Singapore-based Sea Ltd outshines Alibaba, JD.com in US stock market

OPTIMISM fuelled by e-commerce gains has more than trebled the stock value of New York-listed Sea Ltd in 2019 - despite its US$1.18 billion net loss for the nine months ended Sept 30, 2019.

Citi, Lazada roll out millennial-focused credit card in Singapore

AS THE purchasing power of tech-savvy millennials continues to climb, Citi and regional e-commerce platform Lazada are targeting to serve over 50 per cent of young professionals in Singapore with...

Online sales break Black Friday record as clicks beat queues

It was the second biggest US online sales day ever, behind 2018 Cyber Monday's US$7.9 billion.

Amazon opens pop-up store on China's Pinduoduo until year-end

[SHANGHAI] Amazon.com Inc on Monday said it will open a pop-up store on Chinese e-commerce platform Pinduoduo Inc that will run until the end of December and carry a selection of about 1,000...

Carousell merges with Telenor's 701Search

Online marketplace operator Carousell, which was started about seven years ago by three friends from the National University of Singapore (NUS), has made another leap in its growth story.

Carousell to merge with 701Search, valuing Singapore start-up at over $1.16 billion

SINGAPORE - Online marketplace operator Carousell has agreed to merge with 701Search, the classifieds firm owned by Norwegian telco Telenor Group, in a deal that values that Singapore-based start-...

Online shops hit new highs on Singles' Day sales

If you were stifling a yawn at work yesterday, chances are you were not alone.

E-commerce offers Thai small retailers big jump in reach and income

A SMALL Thai retailer who expands into online sales can boost takings by an average of 51 per cent a year, according to a new report released by an e-commerce platform provider.

Alibaba says Singles’ Day sales hit $17.7 billion in first hour

The figure is up 32 per cent from last year’s early haul.

Gojek, Grab waging a price war on everyday groceries in Indonesia

[JAKARTA] Indonesia's national dish of nasi goreng, or fried rice, has become a lot cheaper these days as the nation's two big ride-hailing apps wage a price war on everyday groceries.

Retail Reits should be able to weather e-commerce threat

TWO years since it made its foray into the local market, e-commerce giant Amazon has expanded its offerings with the launch of its Singapore website, which could put pressure on some retailers....