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Technology 29 Jan 2016 | 3:53 AM

Flipkart's Myntra unit expects to turn profitable in fiscal 2017

Myntra, part of Indian's biggest e-commerce company Flipkart, said it expects to turn profitable by the end of next financial year as the online fashion store looks at slashing discounts and curbing supply-chain costs.

Technology 28 Jan 2016 | 3:24 PM

Alibaba delivers on revenue but feels China slowdown

SHANGHAI: Strong holiday sales helped e-commerce giant Alibaba Group Holding Ltd beat forecasts on Thursday with a 32% rise in third-quarter revenue, but it was not immune from China’s slowdown.

TECH 29 Dec 2015 | 2:03 AM

Snapdeal to invest in logistics to speed up delivery

Online marketplace Snapdeal, backed by Japan's SoftBank Group Corp and others, will spend more on logistics and technology to better compete with Flipkart and Amazon's Indian unit, its co-founder said.

TECH 11 Nov 2015 | 10:27 AM

Alibaba's Singles' Day generates US$3.9bil in first hour

E-commerce giant Alibaba Group Holding Ltd said it generated more than US$3.9bil (RM17.2bil) in gross merchandise volume(GMV) within the first hour of its China's Singles' Day sale.

Business 28 Oct 2015 | 7:01 AM

Alibaba gets more bang for its buck as revenue growth tops forecasts

China's Alibaba Group Holding Ltd is squeezing more money from online shopping than expected, beating analyst forecasts for revenue growth, as mobile shopping grows.

Technology 27 Oct 2015 | 7:50 PM

Alibaba’s online sales jump despite slowing China growth

Transactions on the platforms of Chinese e-commerce giant Alibaba surged 28% in the September quarter, the company said, despite slowing growth in the world’s second largest economy.

TECH 26 Oct 2015 | 12:19 PM

Alibaba results likely to dim outlook for China consumer spending

Chinese e-commerce giant Alibaba Group Holding Ltd's second-quarter revenue growth is likely to have slumped to half the year-earlier rate, undermining hopes consumer spending will temper a slowdown in the world's second-biggest economy.

Business 26 Oct 2015 | 10:23 AM

Alibaba results likely to dim outlook for China consumer spending

SHANGHAI: Chinese e-commerce giant Alibaba Group Holding Ltd's second-quarter revenue growth is likely to have slumped to half the year-earlier rate, undermining hopes consumer spending will temper a slowdown in the world's second-biggest economy.

Technology 10 Sep 2015 | 4:11 PM

Alibaba denies sharp slowdown in sales: report

E-commerce giant Alibaba has denied its sales volume growth has slowed into single digits because of China’s faltering economy, the official Xinhua news agency reported.

Technology 09 Sep 2015 | 1:14 PM

Alibaba trims sales estimates as China economy slows

Alibaba said it expected its total value of transactions in the second-quarter to be lower than previously thought, a fresh signal that China's slowdown is taking a bite out of consumer spending.