China

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

Premium Australian organic skincare brand Kora Organics has opened a store on Alibaba’s Tmall Global platform. The digital store was opened via a livestreaming event, broadcast from brand founder and international supermodel Miranda Kerr’s home in California. Kora Organics is officially entering China exclusively through Tmall Global, to reach a

China

The CEO of ecommerce business Jessica’s Suitcase, Eva Zhang has been appointed CEO of eCargo. The ASX-listed business is based in China and provides ecommerce and marketing services to Australian retailers that want sell their products online in China. eCargo recently purchased a 45 per cent stake in Jessica’s Suitcase,

Cyberspace, globe, China, blockchain

A delegation of about 50 Chinese technology leaders has visited the newly opened Sydney Startup Hub to meet with NSW startups and learn more about the state’s blockchain and fintech capabilities. The ‘China Blockchain Development Forum’ mission was led by Li Ming, the Director of the China Electronics Standardisation Institute

Australia is now the third largest importer into China on Alibaba’s Tmall platform, according to a new report from the internet giant. Trailing only Japan and the US, Australia displaced Germany for third spot in 2017 in terms of value of goods sold by international vendors. Tmall is the Alibaba-owned

Alibaba

After making investments in bricks and mortar department stores, supermarkets and electrical retailers, Alibaba is adding home improvement to its list of retail investments. The Chinese ecommerce giant has taken a 15 per cent stake in EasyHome, a Beijing-based home improvement supplies and furniture chain operator, for US$865 million (RMB5.45

Connected Autonomous Vehicle (CAV) technology company Cohda Wireless has opened an office in Shanghai to supply China’s rapidly developing markets for smart cities and autonomous cars. China is a global leader in developing smart city technology as its national government aims to encourage information-rich connected systems to improve the liveability

Chinese ecommerce giant JD.com has raised $2.5 billion for its logistics subsidiary. JD.com has been operating its self-owned logistics system since 2007 and established JD Logistics as a stand-alone subsidiary in April 2017. WHICH-50 Reader Survey: Help us improve Which-50 by taking our annual reader survey. You can also win