alibaba generates 741 billion in gmv during 2020 1111 global shopping festival

Alibaba generates $74.1 billion in GMV during 2020 11.11 Global Shopping Festival

Alibaba Group Holding Ltd. today announced the 2020 11.11 Global Shopping Festival generated RMB498.2 billion ($74.1 billion) in gross merchandise volume (GMV) during the 11-day campaign from November 1 to 11, an increase of 26 per cent compared to the 2019 shopping festival.
vietnams internet e conomy reaches 14 billion

Vietnam's internet e-conomy reaches $14 billion

Vietnam’s internet economy reaches a total value of $14 billion in 2020, which is one of the fastest growth rates in Southeast Asia, according to a Google report.
e commerce has huge potential in rural areas experts

E-commerce has huge potential in rural areas: experts

While e-commerce is vital to Vietnam's development, 80 percent of the country’s population has not accessed online trading yet, leaving huge room for growth, according to experts.
visa and nexttech sign partnership to support social commerce merchants in vietnam

Visa and NextTech sign partnership to support social commerce merchants in Vietnam

Visa, the world’s leader in digital payments, and NextTech Group, Vietnam’s leading digital transformation group, have signed a three-year partnership to promote the adoption of digital payments among small business owners in Vietnam’s rapidly-growing social commerce sector.
alibaba 1111 global shopping festival kicks off with impressive figures

Alibaba 11.11 global shopping festival kicks off with impressive figures

The 2020 11.11 Global Shopping Festival is now taking place with two shopping windows, from November 1 to 3 and THE DAY on November 11, doubling support to merchants and opportunities for consumers to shop.
hanoi launches promotional month and cash free day 2020

Hanoi launches promotional month and Cash-Free Day 2020

The Hanoi Promotion Month themed "E-commerce – connecting supply and demand" will be held from November to early December with more than 1,000 vendors joining the promotion programmes.
alibaba 1111 global shopping festival is on horizon

Alibaba 11.11 global shopping festival is on horizon

Alibaba Group will organise its 11.11 Global Shopping Festival with innovatitve technologies and features to satisfy evolving cosumer demand. Southeast Asian consumers, including those from Vietnam, can enjoy the festival through the Lazada platform.
alibaba group unveils plans for 1111 global shopping festival

Alibaba Group unveils plans for 11.11 Global Shopping Festival

Alibaba Group Holding Ltd. (NYSE: BABA; HKEX: 9988) has kicked off its 11.11 Global Shopping Festival with new innovations and features to meet rapidly changing consumer trends.
alibaba fintech arm gets nod for record ipo listing in hong kong

Alibaba fintech arm gets nod for record IPO listing in Hong Kong

The financial arm of Chinese e-commerce titan Alibaba received Monday a green light from Chinese regulators to list in Hong Kong, according to data published online, another step towards the biggest IPO in history.
e commerce growth burdens logistics across southeast asia

E-commerce growth burdens logistics across Southeast Asia

The outstanding growth of e-commerce has set a great burden on the logistics sector in Southeast Asia, as reflected by the marked slowdown in the delivery speed of e-commerce companies.
boosting vietnamese smes by bridging the digital divide

Boosting Vietnamese SMEs by bridging the “digital divide”

For many SMEs, there exists a “digital divide” – a divide which separates businesses that have access to critical growth-driving tools like digital payments, e-commerce platforms, and advanced cloud-based bookkeeping software from those businesses who do not.
forum promotes digital transformation in tourism industry amid covid 19

Forum promotes digital transformation in tourism industry amid COVID-19

The Vietnam Tourism Association (VITA) in conjunction with the Vietnam E-Commerce Association (VECOM) on September 30 organised an online forum on digital transformation to promote Vietnam's tourism development in the context of global COVID-19 outbreak.
iprice received investment from igdev

iPrice received investment from IGDEV

With the COVID-19 pandemic unabated in Southeast Asia, Malaysia-based online shopping aggregator iPrice has just received an investment from IG Digital Equity Venture (IGDEV) of an undisclosed value.
rs components deepens presence in apac

RS Components deepens presence in APAC

RS Components, a global omni-channel solutions partner for industrial customers and suppliers, has strengthened its presence in the Asia-Pacific through the launch of bespoke e-commerce platforms for Indonesia and Vietnam, with local sales support backed by dedicated sourcing, customer service, and technical teams.
shopping habit focus for new visa initiative

Shopping habit focus for new Visa initiative

With a significant rise in e-commerce and cashless payments during the COVID-19 pandemic, global digital payment leader Visa has launched the “Where You Shop Matters” initiative through partnerships with Shopee and Now to provide a seamless online shopping experience.