Mumbai’s Dharavi – one of the largest slums in the world – has used Internet of Things (IoT) technology to connect shops and improve the buying experience.
Published by: Internet of Business
When it comes to mobile payments adoption, Chinese consumers are taking the lead. And, that says Sy Choudhury, senior director of product management for Qualcomm, can teach the world a lot about how to use mPOS technology to get a mobile leg up.
Published by: Pymnts
India’s most valued internet company has been devalued—yet again. In one of the most drastic markdowns for Flipkart so far, one of its investors, a mutual fund managed by Morgan Stanley, slashed the Bengaluru-based e-commerce major’s value to just $5.54 billion (Rs38,030 crore). At its peak in May 2015, Flipkart was valued at $15.5 billion.
Published by: Quartz
Online retailers and convenience stores are enjoying strong momentum in China thanks to rapid urbanisation, according to the annual Chinese shopper report released by Kantar Worldpanel and Bain & Company.
Published by: Campaign
While China’s recent Singles’ Day sales may have been all about buying as much as possible as quickly as possible, a new report finds that Chinese shoppers do extensive product research and set a high bar for trust before they make a purchase online, even as their online shopping activity grows.
Published by: Jing Daily
JD.com exploits the hype around Singles’ Day to announce expansion of its airborne capabilities with regular drone deliveries to more than 100 routes across mainland China by the first half of 2017.
With a little help from virtual reality (VR) and augmented reality(AR) gamification, Alibaba sold over US$7 billion worth of goods during the first two hours of Singles Day.
As the clock struck midnight, Alibaba announced its final total for 2016’s Singles Day sales frenzy: US$17.7 billion.
Publishe by: Tech in Asia
Regulators at China’s State Administration for Industry and Commerce (SAIC) warns leading e-commerce businesses that it will be monitoring Singles’ Day sales practices.
China adopts a controversial cyber security law to exert tighter control over the internet, triggering concerns from foreign businesses and rights organizations.