Thursday, January 23, 2020

Alibaba to invest $3.3B to bump its stake in logistics unit Cainiao – TechCrunch

Alibaba is doubling down on its logistics affiliate Cainiao, two years after acquiring a majority stake in the firm. The Chinese giant said today it would invest an additional 23.3...

Singapore’s Qoo10 acquires Indian online marketplace ShopClues – TechCrunch

Qoo10, a Singapore-based e-commerce firm, has acquired India’s online marketplace ShopClues in an all-stock deal, the two companies said Thursday. The deal, which per two people familiar with the...

TikTok makes education push in India – TechCrunch

China’s TikTok today launched an education program in India as the popular short-video app looks to expand its offering and assuage local authority in one of its biggest markets....

Club Factory raises $100M to expand its lifestyle e-commerce platform in India – TechCrunch

Club Factory, a Chinese e-commerce platform that sells fashion and beauty items and electronics accessories, has raised $100 million in a new financing round as it looks to expand...

Amazon, Walmart confront India’s slowing economy as holiday season growth stalls – TechCrunch

Even India’s biggest festive season, featuring blinding marketing blitzkrieg and heavy discounts from Amazon India and Walmart’s Flipkart, has failed to escape the pains of slowing economy. Online retailers in...

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