Expedia has sold off its entire 62.4 percent stake in eLong, worth US$671 million. US$400 million of it was picked up by China's Ctrip.
Ecommerce is already big in Asia, and it only has room to grow. As local startups and global players tap into new opportunities, each country also creates its own ecommerce leaders. On top of these sites, social media is even becoming a new avenue for consumers to shop. While many countries still struggle to find better payment options and access to the internet, it’s worth studying how new ecommerce players and the evolving demand of consumers shapes how Asians shop.
Malaysia-based iPrice, a site that aggregates a multitude of ecommerce sites in Southeast Asia into a single shopping destination, raises funds from Asia Ventur...
Adrian Vanzyl, CEO of Ardent Capital, is preparing to take Indonesia by storm with aCommerce, office supplies, women’s apparel, and cash back shopping tech.
Built by a fashion journo, Bebelian is an Indonesian ecommerce site for pre-owned, branded goods from famous people. The startup aims to redefine used apparel.
Xiu’s investment comes just days after several high-profile luxury brands filed a lawsuit against China’s biggest ecommerce company, Alibaba.
Which is why Chinese hardware startups should be begging for Xiaomi's investment.
Having acquired Axioo, Indonesian phone distributor Erajaya plans to enter manufacturing. Simultaneously, the firm is building an ecommerce fulfillment center.
Scan stuff pretty now.
The partnership will see Kingdee offering its cloud-based services to merchants on JD’s online marketplace.
A repeat wrist slap following similar calls in March.
With this, Homado’s 3,000 architects and interior designers have been integrated into the existing offerings of BedBathMore. It will also start a community.
The lazy economy meets the sharing economy.
SocialShopWave offers a full suite of social commerce features that can be easily plugged into an online store, including social login, wishlists, and reviews.
Flipkart and Myntra claim that it’s only through their apps that they can give a personalized experience to shoppers. But there’s more to the story.
Small and medium-sized enterprises drive Indonesia’s economy. Yet few of them use the internet. Indonesia’s ecommerce association wants to change that.
American messaging app Tango, which Alibaba put more than $200 million into last year, is expanding into ecommerce with the Chinese giant's help.
Rosh Govindaraj lived in villages without hot water, burnt bottoms on hot motorcycle seats during sourcing trips and faced many hurdles to launch online leather...
The Malaysian company is set to expand its network and regional reach with a boost from Cradle Fund.
Ecommerce services provider aCommerce just drank up $5M in a bridge round of funding from existing investors to cope with Indonesian demand.
Latest earnings show steady growth for China's same-day delivery ecommerce player.