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Insights
11-Mar-19 Alibaba Group will take a 14% stake in STO Express through a USD693 mn exchange for a 49% stake, making this the e-commerce giant's fourth significant investment in a Chinese courier company. [image: Reuters / Aly Song]
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02-Mar-19 Alibaba’s Tmall expects cosmetics brands to open 1,000 shops this year to meet demand from Chinese consumers. Seven international cosmetics companies - Tom Ford, P&G’s Oriental Therapy, Cosme, d-program, Primera and Barnängen - will open on Tmall in 2019. [image: Retail In Asia]
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Insights
28-Feb-19 Thumbay Group announced a new partnership with Noon.com, a MENA e-commerce platform, to offer its entire range of products including optical and nutrition portfolio through an online platform strengthen its presence in Egypt and GCC countries. [image: Khaleej Times]
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Insights
26-Feb-19 Pinduoduo, an e-commerce platform allowing users to participate in group buying deals, is expanding into China’s booming cross-border e-commerce business. The expansion comes as Chinese e-commerce giants are raising their globalization initiatives, to bring in more imported products. [image: Jill Shen / TechNode]
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20-Feb-19 Korea-based beauty company Amorepacific has entered into a global strategic partnership with health and beauty giant AS Watson, with wide offline and online distribution in Asia and Europe. AS Watson has 14,900 stores under 12 brands in 25 markets. [image: Watson]
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