Walmart partners with Rakuten to open its first e-commerce store in Japan

Walmart is continuing its strategy of revamping its businesses in Asia after the U.S. retail giant opened its first e-commerce store in Japan, where it is working with local retail giant Rakuten. The companies first announced a collaboration in January when they agreed to team up on the launch of an online grocery service in Japan … Read moreWalmart partners with Rakuten to open its first e-commerce store in Japan

Mogu’s long journey: From rejecting Alibaba’s advances to US IPO

Mogu, a Tencent-backed service that offers fashion content and products to young women, has joined a string of Chinese tech companies pressing ahead to sell their shares through initial public offerings in the US before the year-end. Mogu priced its sale at $14 per share on Wednesday, toward the lower end of a marketed range. … Read moreMogu’s long journey: From rejecting Alibaba’s advances to US IPO

Alibaba and Amazon move over, we visited JD’s connected grocery store in China

The arms race to build the future of grocery stores is heating up in China. To no one’s surprise, the main contestants are the country’s ecommerce titans Alibaba and JD.com, which are turning offline for growth. Online retail has flourished in China, but it still accounts for less than 20 percent of the nation’s overall consumption, according … Read moreAlibaba and Amazon move over, we visited JD’s connected grocery store in China

Alibaba sets new Singles’ Day record with $31B in sales, but growth is slowing

Alibaba scored another blockbuster Singles’ Day after customers around the world shopped in stores and online on the tenth edition of its November 11 shopping festival. That puts this year’s gross merchandise volume – a measure for the dollar value of total transactions – at a staggering $30.8 billion, although the company recorded its lowest-ever … Read moreAlibaba sets new Singles’ Day record with $31B in sales, but growth is slowing

Alibaba rival JD.com plays the long-game on technology investment

China’s JD.com  has made it clear recently that it’s venturing into artificial intelligence and automation. Every few months over the past year, the online retailer – China’s second-largest by transactions after Alibaba – has unveiled new products based on cutting-edge technology: for example drone delivery, self-driving trucks, fully automated warehouses, to name a few. Most … Read moreAlibaba rival JD.com plays the long-game on technology investment