Forrester: Global Online Retail Sales To Grow 8.9% Annually, Reaching $6.8 Trillion In 2028
Retailers' investments in genAI, the rise of online marketplaces, and higher digital literacy will continue to drive global online retail sales growth
SINGAPORE, May 30, 2024 /PRNewswire/ -- Forrester (Nasdaq: FORR) forecasts that total global online retail sales will grow from $4.4 trillion in 2023 to $6.8 trillion by 2028 at an 8.9% compound annual growth rate (CAGR). According to the report…
MOVE Digital’s revenue drops in first quarter due to declining AirAsia flights sale
MOVE Digital, the digital arm of Malaysia-based Capital A, saw its revenue fell 18 percent year on year to MYR 130.2 million ($27.68 million) in the first quarter ended March 31, 2024.
Capital A said in a statement on Wednesday that the drop was mainly attributed to decline in sale of AirAsia flights due to heightened price competition in the online travel agency (OTA) landscape, and the…
Singapore’s AnyMind Group completes acquisition of Malaysia’s Arche Digital
AnyMind Group, a Singapore-based business process as a service (BPaaS) company for marketing, e-commerce and digital transformation, has on Wednesday announced the completion of its full acquisition of Malaysia-based e-commerce enabler, Arche Digital.
AnyMind Group said in a statement that Arche Digital will continue to operate under its Arche Digital brand in Malaysia, and its customers…
Shoplazza Empowers Flaxmaker’s Global Expansion in Women’s Swimwear Market
XI'AN, China, May 29, 2024 /PRNewswire/ -- Shoplazza has been instrumental in aiding Flaxmaker, a women's swimwear brand, in overcoming the challenges of global expansion and achieving significant growth from scratch. With the rapid growth of global cross-border e-commerce, Chinese brands are increasingly pursuing international markets. However, challenges such as technical limitations and lack…
AliExpress appoints David Beckham as new global brand ambassador
AliExpress, an international online retail marketplace, has officially welcomed David Beckham as its new global brand ambassador.
In this partnership, Beckham will help fans 'Score More with AliExpress' during UEFA EURO 2024, AliExpress said in a statement on Monday.
According to the statement, the global sport and lifestyle icon will help AliExpress consumers get closer to the action…
ICZOOM & WeBank signed the Supply Chain Finance Strategic Cooperation Agreement
HONG KONG, May 28, 2024 /PRNewswire/ -- ICZOOM Group Inc. (Nasdaq: IZM) (the "Company" or "ICZOOM"), a B2B electronic component products e-commerce platform, announced that the "ICZOOM & WeBank Supply Chain Finance Strategic Cooperation Signing Ceremony" was held at the headquarters of ICZOOM in Shenzhen on 27th May, which marked the official launch of cooperation between the two parties in…
LightInTheBox Reports First Quarter 2024 Financial Results
SINGAPORE , May 28, 2024 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), an apparel e-commerce retailer that ships products to consumers worldwide, today announced its unaudited financial results for the first quarter ended March 31, 2024.
"We faced macroeconomic headwinds and increasing competition in the first quarter of 2024," said Mr. Jian He,…
Baozun Announces First Quarter 2024 Unaudited Financial Results
SHANGHAI, May 28, 2024 /PRNewswire/ -- Baozun Inc. (Nasdaq: BZUN and HKEX: 9991) ("Baozun", the "Company" or the "Group"), a leading brand e-commerce solution provider and digital commerce enabler in China, today announced its unaudited financial results for the first quarter ended March 31, 2024.
Mr. Vincent Qiu, Chairman and Chief Executive Officer of Baozun, commented, "I'm pleased with our…
India’s Zypp Electric raises $15M in Series C funding led by ENEOS
Zypp Electric, an India-based tech-enabled electric vehicle (EV)-as-a-service platform, has announced the successful kick-off of its Series C funding round, raising $15 million.
Zypp Electric said in a statement on Monday that this round was led by Japanese major ENEOS.
The Series C1 funding comprises $15 million in equity closure as part of its ongoing $50 million round which is split…
Lianlian DigiTech Secures Luxembourg EMI License to Expand European Service Offering: Another Milestone in Global Strategic Roll-out
HONG KONG, May 27, 2024 /PRNewswire/ -- Lianlian DigiTech Co., Ltd. ("Lianlian DigiTech" or the "Company", HKEX: 2598), a leader in China digital payment solutions and global commerce digitalization, today announced that the Company has been granted the Electronic Money Institution License ("EMI License") by the Commission de Surveillance du Secteur Financier of Luxembourg. Acquiring a Luxembourg…