China

Apple CEO Tim Cook has told investors the company won’t be making as much money as it expected over the crucial holiday quarter. Lower than expected iPhone sales, particularly in China, have led the tech giant to slash its revenue forecasts, causing Apple shares continue to decline from their peak

Alibaba Singles Day 2018

It was a busy weekend for Chinese ecommerce giant Alibaba which processed US$30.8 billion (AU$42 billion) of gross merchandise volume (GMV) during its annual 24-hour sale, known as double eleven or Singles’ Day. The final figure for the sale, which measures the value of transactions processed via Alibaba’s marketplaces on

A tiny microchip planted on servers’ motherboards by the Chinese army has created a secret backdoor into the hardware of some of the world’s biggest tech companies and US government agencies, according to an investigation by Bloomberg. The chip is believed to have been planted early in the supply chain

Last year Chinese Agrifood startups raised $1.8 billion in 177 investment deals, according to new research from Agfunder. The majority of the investment occurred at the consumer end in the “eGrocery” segment. Agrifood refers to the food and agriculture industry, globally a multi-trillion dollar industry and the worlds largest employer.

Chinese internet giant Alibaba is partnering with Starbucks to deliver coffee in China as part of a pilot program launching in September. The trial is part of a wider strategic deal between the two global companies and will involve businesses across Alibaba’s ecosystem including delivery service Ele.me, supermarket Hema, payment

Shenzhen University , Tencent Building,

Executive recruitment company Heidrick & Struggles has released its 2018 Superaccelerators list—an elite group among the world’s 500 most highly valued companies that have achieved high levels of sustained organic growth and profitability. Now in its third year, just 19 companies globally made the cut, down from 25 companies in

China

Australian retailers see the Chinese market as a huge opportunity but aren’t satisfied with the strategies they have in place to reach Chinese consumers, according to new research. 87 per cent of Australian respondents see China as a lucrative market, but 56 per cent are not satisfied with their current

Alibaba

Alibaba Group will acquire all outstanding shares that it does not already own in Ele.me, a leading online delivery and local services platform in China, in a transaction values Ele.me at US$9.5 billion. Alibaba and its affiliate Ant Small and Micro Financial Services Group currently own approximately 43 per cent

world map, shipping containers

India is set to overtake Australia as 4th largest online retail market in Asia Pacific in 2019, according to Forrester research. The analysts have updated their outlook for APAC’s ecommerce market with data showing that the region continues to be the largest for online retail sales globally, comprising both the

Adobe and Microsoft announced the extension of their global partnership offering the former’s Adobe Experience Manager service on the latter’s Azure cloud platform into China. It is the first major announcement from the Adobe Summit in Las Vegas this week. Sign up for Which-50’s Irregular Insights newsletter While the companies