Asian markets track Wall St higher, tech fuels Hong Kong rally

Asian markets track Wall St higher, tech fuels Hong Kong rally

Asian markets climbed Friday following a strong performance on Wall Street, with Hong Kong leading the way as forecast-beating earnings reports by tech titans Alibaba and Baidu sent their shares soaring.
Alibaba’s logistics arm Cainiao announces next smart logistics park

Alibaba’s logistics arm Cainiao announces next smart logistics park

The second premium logistics park by Cainiao will supply high-quality warehousing space reaching 90,000 square metres to meet businesses’ surging supply chain needs.
Ninja Van secures $578 million in a Series E funding round backed by Alibaba

Ninja Van secures $578 million in a Series E funding round backed by Alibaba

Ninja Van, a Singapore-based logistics startup, has bagged a $578 million Series E round with the participation of Alibaba Group.
Alibaba fund pours millions of dollars into Vietnam's food chain

Alibaba fund pours millions of dollars into Vietnam's food chain

Alibaba's eWTP Technology and Innovation Fund has made an undisclosed but significant investment in the Vietnamese food chain Homefarm.
Consortium led by Alibaba completes the injection of $400 million into Masan

Consortium led by Alibaba completes the injection of $400 million into Masan

Masan Group completed a private issuance of 5.5 per cent in The CrownX for a total cash consideration of $400 million.
E-commerce giants see accelerated cross-border e-commerce activities from Vietnam

E-commerce giants see accelerated cross-border e-commerce activities from Vietnam

E-commerce giants see accelerated cross-border e-commerce activities from Vietnam amidst COVID-19 as Vietnamese goods are extending reach to global consumers.
Reasons behind the $400 million investment in The CrownX of Masan

Reasons behind the $400 million investment in The CrownX of Masan

The latest $400 million is just the initial capital in the broad plan of Masan to develop its tech-enabled retail and consumer system and expand its reach.
Alibaba leads $400 million investment in Masan Group's consumer and retail unit

Alibaba leads $400 million investment in Masan Group's consumer and retail unit

Alibaba Group and its partners are pouring $400 million into Masan Group's consumer and retail arm to help the Chinese e-commerce giant expand in the country.
Amazon and Alibaba persist with Southeast Asia ambitions

Amazon and Alibaba persist with Southeast Asia ambitions

Driven by digital advancements and the persistent import-export endeavours of domestic enterprises, two of the largest e-commerce platforms are bolstering their standing in Vietnam, with profits expected on both sides.
E-commerce realm requires roadmap

E-commerce realm requires roadmap

The growing demand for imported products in Vietnam and other markets will fuel runaway growth for cross-border e-commerce. However, the speed of expansion could also impose a burden on the government as it looks to efficiently supervise the fresh business model.
Chinese trade fair to take place in HCM City next month

Chinese trade fair to take place in HCM City next month

The Zhejiang Export Fair will be held in HCM City from December 3-5, showcasing the best products from the Chinese province.
Alibaba generates $74.1 billion in GMV during 2020 11.11 Global Shopping Festival

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

Alibaba's 2020 11.11 Global Shopping Festival generated $74.1 billion in GMV during the 11-day campaign, an increase of 26 per cent compared to last year.
Alibaba 11.11 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, doubling support to merchants and opportunities for consumers to shop.
Alibaba 11.11 global shopping festival is on horizon

Alibaba 11.11 global shopping festival is on horizon

Southeast Asian consumers, including those from Vietnam, will be able to enjoy Alibaba Group's 11.11 festival through the Lazada platform.
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.
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