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Logo and mascot 'Ali cattle' in the headquarter of Alibaba...

Alibaba Gets $1 Billion Stake Investment In Lazada

Alibaba is about to acquire Singaporean start-up Lazada for about $1 billion that was established by the German technology Rocket Internet. Existing shareholders including Tesco, AB Kinnevik and Rocket Internet will sell a portion of their shares to Alibaba.

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2013 Geneva Auto Show

Ratan Tata is Investing in an Indian Premium Tea Online Retailer, Teabox

The businessman is considered as one of India’s most active investor. Ever since he retired as the Tata Group chairman, Ratan Tata has backed more than 20 startups until now. He is especially experienced in the tea markets, and Teabox is delighted to have him as an advisor as well as an investor.

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UAE-DUBAI-CHINA-XIAOMI-PRODUCTS

Retailing Giants Shut Hundreds of Stores Down In US & Elsewhere, Job Cutting Feared

Walmart and Macy’s have announced shutting hundreds of stores on Friday and thus lingers the list with other retailing giants like Sears and Target. Surprising growth of ecommerce has reduced growth of the departmental stores and shopping malls. With the announcement of the World’s largest retailer, traditional stores have been started to witness the blink of extinction.

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Amazon's Fulfilment Centre In Hemel Hempstead Gears Up For Black Friday

Amazon is venturing into freight shipping business

Amazon is planning to enter into ocean freight shipping industry as the company has been awarded with a clearance from the Federal Maritime Commission. The license will entitle Amazon to act as Ocean Transportation Intermediary.

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Computer user

Fake Product Reviews Influence The Online Sale: Are The Customers In Arrest Of This Festive Manipulation?

The fake product reviews posed a serious problem with the festive season knocking at the door. The growth of eCommerce has increased the sale of products online in leaps and bounds. So are the consumer reviews, which go hand in hand with the high revenue generated eCommerce sites.

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Indonesia

Matahari Mall launches in Indonesia, with $500M funding from Lippo Group, Aims to be "Alibaba of Indonesia"

With an ambition to be the next eCommerce giant in Southeast Asia, Matahari Mall officially launched Wednesday with $500 million funding from giant Indonesian real estate development company Lippo Group.

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Macy's

Macy's To Close 40 Underperforming Stores To Focus on Ecommerce

Macy's Inc recently announced its plans of closing 35 to 40 underperforming stores to focus its operation on online shopping. Reuters reports that Macy's plans to close the stores early in 2016. It would also announce on a later date which among the 770 stores it operates will be closed. Macy's operates a total of 885 stores all over the world.

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Amazon.com

Amazon Restaurants food delivery service hires staff in Seattle and New York

Amazon is venturing on meal delivery partnering with restaurants near Seattle, and is currently hiring jobs for the Seattle headquarter and in New York. Amazon Inc. is currently hiring staff for its newest division; the Amazon Restaurants. The department is opening 15 job vacancies in Seattle and New York. Six separate postings are from Amazon Restaurant and Travel.

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Walmart

Walmart takes full ownership of e-commerce site Yihaodian in China

Walmart is buying 49 percent of Yihaodian's stake, an e-commerce website based in China. This is part of Walmart's fundamental plan to distribute its products to Chinese consumers through its online service.

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Unilever

Unilever teamed up with Alibaba to penetrate e-commerce in China

Alibaba Group Holdings Ltd, the leading Chinese e-commerce corporation has declared a tie-up with Unilever NV, the well-known provider of personal care, home and food products, to grant Chinese consumers the majority of its quality products from around the world.

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Alibaba logo

Alibaba unit says to raise $1.6 billion in share sale for media acquisitions

Alibaba Pictures Group Ltd (1060.HK), the film and entertainment unit of China's largest ecommerce company, said on Thursday it plans to raise $1.6 billion in a share offering to select investors to finance media-related acquisitions.

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Chairman and chief executive of Alibaba Group Jack Ma speaks at a news conference in Beijing

Mega-IPO to rekindle the 'bromance' behind Alibaba's rise

Masayoshi Son's nose for an investment has turned a $20 million start-up punt on Alibaba into a stake worth maybe $50 billion or more as the Chinese e-commerce giant co-founded and led by Jack Ma heads to what could be the biggest U.S. tech IPO of all time.

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WebLinc

WebLinc garners $6 M Series A funding from Safeguard Scientifics for digital ecommerce platform

E-commerce platform provider WebLinc announced on Tuesday that it raised $6 million in a Series A financing round from Safeguard Scientifics, Inc. The funding would reportedly go towards plans for the company's aggressive growth.

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Volusion

Volusion raises $35M in debt financing from Silicon Valley Bank

Volusion was able to obtain a 35 million credit facility from Silicon Valley Bank, the first external funding the ecommerce firm received since it was established in 1999.

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Alibaba Group

Alibaba bares plans to revolutionize China's retail industry with USD 490 billion marketplace

Alibaba planned to transform with the Chinese retail industry by increasing online transactions to almost USD 490 billion.

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