Category: Grooming

Asia’s biggest food producer offers dial-a-hotpot as palettes grow weary of instant noodles

Uni-President, Asia’s biggest food producer and Taiwanese instant noodle major, started selling instant hotpot on e-commerce platforms this month as it targets more premium consumers. Instant hotpot, which uses a heat pack that can be activated with room temperature water to steam a small serving of hotpot, is already being sold by hotpot makers and restaurants …

Who is Richard Liu? Chinese billionaire seeks to raise profile as JD.com expands outside China

Richard, who?  Richard Liu Qiangdong may have built JD.com into China’s second-biggest e-commerce company and amassed an estimated wealth of US$11.6 billion, but he remains a relative unknown outside his home country. With recent investments into Southeast Asia and eventual plans to expand into Europe, the 43-year-old made his first appearance at the World Economic Forum in …

Alibaba expands into mobile gaming in India with eye on digital payments, e-commerce

Alibaba Group, China’s largest e-commerce company, is expanding into mobile gaming in India, where its mobile browser is the most popular by market share. Hong Kong-listed AGTech Holdings and India-based Paytm, both controlled by Alibaba, will set up a joint venture to introduce Gamepind, a mobile gaming and e-commerce platform, in India, according to a statement …

Here are the three sectors in China with the most billionaires … and e-commerce is not one of them

Two of the three richest people in China may have been from the internet and e-commerce space in 2017, but the top three sectors by the number of billionaires are biotechnology, property, and semiconductor and electronics manufacturing, according to a survey released on Monday. Pony Ma Huateng, founder and chief executive of the US$500 billion Chinese …

Tencent bets China’s shopping malls can be fashionable again as it leads $5.4 billion Wanda deal

China’s top think tank predicted in 2016 that one in three of the country’s estimated 4,000 shopping malls would close within five years as consumer spending shifted online and millennials prefer swiping through websites than ruffling through clothes racks. Tencent Holdings, together with JD.com, Suning Commerce and Sunac China, is out to prove the forecast wrong, …

Alibaba unveils Olympics campaign in first corporate ad push outside China

Chinese e-commerce company Alibaba Group Holding is debuting a global marketing campaign outside China for the first time, the company said on Monday, with the release of Olympic advertisements focusing on underdog stories in countries such as the United States, Britain, South Korea and Japan. The international advertising push, which includes videos featuring the Kenyan ice …

Alibaba to acquire 33pc stake in Ant Financial, clearing the way for Alipay operator’s IPO

Alibaba Group Holding has agreed to acquire a 33 per cent stake in affiliate Ant Financial Services, deepening the e-commerce company’s participation in China’s fast-growing financial technology sector and paving the way for the public listing of the firm that runs payments giant Alipay. Hangzhou-based Alibaba also raised its annual sales forecast on Thursday after posting …

Squeezed margins, ‘new retail’ and possible Ant Financial IPO – five takeaways from Alibaba’s Q3 earnings

1. Alibaba stake in Ant Financial paves the way for payments company to go public Alibaba Group Holding, which owns the South China Morning Post, said late on Thursday that it would gain a 33 per cent stake in finance affiliate Ant Financial in exchange for certain intellectual property rights it owns that are related exclusively …