Displaying items by tag: Alibaba - Eyes on Indonesia

Chinese e-commerce giant and data technology provider Alibaba Group aims to revolutionize offline retail spaces through a new technology that will enable customers to buy goods in cashier-less shops.

The new retail concept, which connects big data technology to optimize offline retailers and online stores, is being introduced through Alibaba's experimental cashier-less store called Tao Cafe at its 2017 Taobao Maker Festival in Hangzhou, China.

Published in Business
Thursday, 29 June 2017 15:10

Alibaba to invest US$1 billion in Lazada

Chinese e-commerce giant Alibaba is planning to raise its stake in online mall Lazada to 83 percent from 51 percent at present in a bid to strengthen its foothold in Southeast Asia.

To do so, Alibaba plans to invest US$1 billion, which would bring its total investment in Lazada to $2 billion.

Published in Business
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