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Xiaohongshu will launch live-streaming features early next year, Singapore’s Shopee has become the most visited across Southeast Asia

  • Over 3 million WeChat merchants hit by outages after ‘sabotage’ by service provider Weimob’s employee
    by Jane Zhang on February 27, 2020 at 9:00 pm

    Over 3 million merchants on Chinese super app WeChat were potentially affected by service outages after a key operation and maintenance employee at major cloud-based marketing provider Weimob “deliberately sabotaged” the latter’s production environment and database.Tencent-backed Weimob – one of the largest third-party service providers for small and medium-sized businesses on WeChat – said in a Hong Kong stock exchange filing this week that the employee apparently attacked its systems due to …

  • ABB Robotics targets e-commerce giants amid automotive slowdown
    by Bloomberg on February 25, 2020 at 7:36 am

    ABB and Silicon Valley start-up Covariant are partnering to work on warehouse robotics for e-commerce companies like Amazon.com and Alibaba Group Holding, as the Zurich-based automation giant is seeking revenues beyond the weakened car industry.These new robotics systems are able to autonomously pick online shoppers’ orders received by warehouses.The first such system is currently being deployed at Bpost Group’s Active Ants, a provider of e-commerce fulfilment services for web businesses in the…

  • Coronavirus a boon for China’s tech-savvy supermarkets as homebound customers switch to online grocery orders
    by Yujing Liu on February 21, 2020 at 10:00 am

    The deadly coronavirus outbreak has dealt a heavy blow to shops across China, as hundreds of millions of people stay home amid efforts to contain the epidemic.But savvy supermarket chains that have been actively improving their e-commerce services have reaped the rewards as more customers opt to order their groceries online for home delivery.Sun Art Retail Group, China’s largest hypermarket operator by market share, is a case in point. Its online sales almost quadrupled during the Lunar New…

  • China’s e-commerce giants deploy robots to deliver orders amid coronavirus outbreak
    by Minghe Hu on February 20, 2020 at 10:00 pm

    Chinese e-commerce giants are ramping up their deployment of robots to deliver orders in an effort to prevent the spread of the deadly coronavirus through human-to-human contact.Delivery app Meituan Dianping, which launched a “contactless delivery” initiative across China last month, said this week that it had started using autonomous vehicles to send grocery orders to customers in Shunyi district in Beijing, and was looking to launch similar robot delivery services in other districts in the…

  • Live in the time of coronavirus: sleeping man, farmers ride wave of streaming popularity in China
    by Tracy Qu on February 19, 2020 at 9:30 am

    Live-streaming, already a booming industry in China, is experiencing a new wave of popularity with many cities locked down and millions staying home to prevent the spread of the novel coronavirus which has killed more than 2,000 in the country as of Wednesday.While the outbreak has hit China’s economy overall, a strong move from offline to online activity from those confined to their homes has boosted the fortunes of some tech companies, including those with live-streaming platforms.Short video…

  • Chinese buy more groceries online and snap up second-hand laptops amid coronavirus
    by Che Pan on February 18, 2020 at 10:30 am

    WeChat, the multipurpose messaging app run by internet giant Tencent Holdings, said there has been a sharp increase in people using its platform to buy groceries and everyday food items, as many remain stranded in their homes in China amid the deadly coronavirus outbreak.Delivery-to-your-door mini programmes embedded in WeChat have seen strong growth in the past 20 days, with users of an online supermarket mini app and a vegetable and fruit mini app seeing growth of 115 per cent and 168 per…

  • Coronavirus: China’s online sales of disinfectant, hair care accessories, massage chairs increase as consumers stay at home
    by Amanda Lee on February 15, 2020 at 1:30 am

    Online sales of disinfectant, hair care accessories, massage chairs, air purifiers, and disposable gloves have grown multiple times over the past few days as many Chinese consumers are forced to stay home because of the coronavirus outbreak.Restaurants, cinemas, hotels, and shops have all been forced to close because of the outbreak, which has infected more than 60,000 people. There are also still restrictions in place which mean some factories remain shut, while some companies have asked their…

  • Alibaba posts 58pc gain in quarterly profit, warns coronavirus crisis will impact revenue growth
    by Jane Zhang,Zen Soo on February 13, 2020 at 12:11 pm

    E-commerce giant Alibaba Group Holding expects new challenges ahead, as it warned of the potential negative impact of the coronavirus outbreak to the global economy.Daniel Zhang Yong, Alibaba’s executive chairman and chief executive, described those prospects after the company reported a 58 per cent increase in profit for the quarter ended December 31, boosted by the e-commerce giant’s record sales during Singles’ Day – the world’s largest shopping festival – in November.“The [coronavirus]…

  • The world’s top IPO engine grinds to a halt and road shows sputter as bankers, deal makers stay home amid coronavirus lockdown
    by Alison Tudor-Ackroyd on February 11, 2020 at 5:30 am

    The spread of the novel coronavirus has paralysed Hong Kong’s deal-making hub as travel restrictions curb Chinese companies’ ability to meet global investors. Hong Kong’s two-week compulsory quarantine for travellers from mainland China has also made it harder for the city’s financial services professionals – from accountants to bankers – to prepare companies for the limelight in public markets. Shoddy work or cutting corners in the mandatory disclosure of financial figures would mean jail…

  • Coronavirus outbreak drives demand for China’s online grocers as tens of millions of consumers hunker down at home
    by Bloomberg on February 11, 2020 at 4:03 am

    Like their counterparts in Silicon Valley, China’s largest tech companies struggled to prove online groceries can be a viable business. Then the novel coronavirus struck. Its spread has extended a lifeline to a slew of money-burning businesses – many backed by big name venture capital funds and tech giants from Alibaba Group Holding to Tencent Holdings – that in some cases were on the brink of collapse in 2019. Millions of consumers shunning supermarkets and meal-delivery services are testing…

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