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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.
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.
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.
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.
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.
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.
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.
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.
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.