E-commerce

In the recent two weeks, Alibaba acquired a 45% stake in Pakistan’s Telenor Microfinance Bank and invested $ 2 billion in Lazada.

Leveraging on China’s super app WeChat, Pinduoduo is China’s 2nd largest e-commerce app.

Alibaba’s total investment in Lazada now stands at $4 billion.

By offering a package of services covering the whole glass industry chain, Atjubo.com aims not to be merely a go-between platform.

Chinese e-commerce platform targeting overseas market have a unique advantage as there are sufficient suppliers.

The company has engaged in overseas markets including South Korea, Vietnam, Thailand, the Philippines, Singapore and the United Arab Emirates.

Alibaba’s seized the day to take market share in India and archrival Tencent also eyes to expand its reach in the country.

Plus, the Indonesian government announced that it is currently developing an integrated dashboard to monitor ride-hailing services. Walmart teamed up with Rakuten to launch an online grocery delivery