Captify Sells Majority Stake to SFW Capital; Revolut Raises USD$800m
In today’s ExchangeWire daily news digest: Captify sells majority stake to SFW Capital; Revolut raises USD$800m (£578m); and Alibaba and Tencent mull cooperation. Captify sells majority stake to SFW Capital Search intelligence platform Captify has announced that it has sold a majority stake to US private equity firm SFW Capital Partners for an undisclosed sum. This year London-based Captify celebrates ten years since launch, as well as five years in the US market. The investment will be used to accelerate the firm’s [...]
Holland & Barrett Launch on Tmall; Australian Agency Staff Shift to Indies
In today’s ExchangeWire news digest: Holland & Barrett set up a flagship online store on Tmall; and Australia’s leading media agencies are losing staff to their independent competitors. Holland & Barrett launch on Alibaba’s Tmall Holland & Barrett will set up a shop on Tmall, the Chinese ecommerce platform owned by Alibaba Group, as they seek to expand their footprint globally. The health and wellness brand have already launched over 40 of their most popular products, including fish oils and collagen, on [...]
GroupM Release Mid-Year Forecast; Alibaba Crack Down on Counterfeits with AI Platform
In today’s ExchangeWire news digest: GroupM release their mid-year forecast for the UK’s ad market; Alibaba launch a new AI platform to root out counterfeit luxury goods; and streaming services’ linear TV ad spend increases. GroupM mid-year forecast emphasises digital’s ascendancy The UK’s advertising market will grow by 24% in 2021, despite the ongoing economic impact of COVID-19. That’s according to GroupM’s mid-year forecast, released last week, which found that the space has experienced “impressive” growth over the past 6 months. Digital remains [...]
Alibaba Gains Majority Stake in Sun Art; TCF Not GDPR Compliant, Says DPA
In this weekly segment, ExchangeWire sums up key industry updates in ad tech from around the globe. In this edition: Chinese holdings giant Alibaba acquires a majority stake in supermarket chain Sun Art Retail; the EU’s data supervisor, the Belgium-based DPA, declares that the IAB Europe’s TCF does not comply with GDPR; the DOJ launches a landmark lawsuit against Google over allegations of monopolistic business practices in Search; and short-form video platform Quibi throws in the towel. Alibaba bolsters ecommerce offering [...]
Weekly Focus APAC: Alibaba Partners with Office Depot to Widen B2B Reach
In this edition of Weekly Focus APAC: Alibaba Partners with Office Depot to Widen SMB Reach; Chope Targets Chinese Tourists with Food Delivery Partnership; Tmall Aims for 1,000 Stores with Cosmetic Brands; JD.Com Has Eye on Luxury Fashion Through Farfetch; and Indonesia Health Tech App Snags £49.19m in Series B. Alibaba Partners with Office Depot to Widen SMB Reach U.S. retail chain Office Depot has joined hands with Alibaba to broaden their online offerings for small and midsize businesses (SMBs). The alliance aims [...]
Weekly Focus APAC: Lazada Eyes SEA E-Supermart Growth with RedMart Integration
In this edition of Weekly Focus APAC: Lazada Eyes SEA E-Supermart Growth with RedMart Integration; Alibaba’s Commerce Business Grows 40%; Singapore Launches Integrated Viewership Tracker; AirAsia Flies with AI-Powered Chatbot; and JD.com Takes Off with Drones in Indonesia. Lazada Eyes SEA E-Supermart Growth with RedMart Integration Lazada Group has unveiled plans to expand its supermarket business across Southeast Asia with the integration of e-grocer app, RedMart, into its online retail platform. From 15 March, RedMart customers in Singapore will have to purchase their [...]
Weekly Focus APAC: Mobile to Lead Online Retail in APAC Markets
In this edition of Weekly Focus APAC: Mobile to Lead Online Retail in APAC Markets; APAC Firms Believe Customer Experience Still Not Integrated & Centralised; DBS Pilots QR ‘Angbaos’ for Chinese New Year; and Alibaba Expected to Grab 9.3% of Global Digital Ads. Mobile to Lead Online Retail in APAC Markets Mobile will lead online retail sales this year in Singapore and Hong Kong, as well as in Australia and India next year, as Asia-Pacific consumers increasingly turn to e-wallets. Mobile-commerce already is [...]
Weekly Focus APAC: China to Overtake U.S. in Retail Sales
In this edition of Weekly Focus APAC: China to Overtake U.S. in Retail Sales; Chinese Bring Out Mobile to Pay When Overseas; Traditional Banks Must Collaborate as More AU Consumers Tap Digital Payments; Grab & ZhongAn Form JV in Digital Insurance; and Argentinian Retail Agency Eyes Asia Expansion with Pixelsior. China to Overtake U.S. in Retail Sales The Chinese retail market is projected to overtake the U.S. this year, clocking a 7.5% growth to generate almost USD$5.64tn (£4.37tn) in total sales. In comparison, [...]
Weekly Focus APAC: Security Fear Drives Retailers Away From Digital
In this edition of Weekly Focus APAC: Security Fear Drives APAC Retailers Away From Digital; Singapore Online Firms Find Globalisation Tougher Now; Alibaba Puts Genie in BMW Partnership; and Citi Partners with MoneyBack to Offer Retail Conversion Programme in HK. Security Fear Drives APAC Retailers Away From Digital Three out of five retail businesses in Asia-Pacific say concerns about cybersecurity have hindered the progress of their digital transformation initiatives. Their worries might be founded, as a cyberattack could cost an average of USD$18.7m [...]
Weekly Focus APAC: JD.com Sets Up Shop at Airport & Railway Station
In this edition of Weekly Focus APAC: JD.com Sets Up Shop at Airport & Railway Station; Taobao Finds Gold in China Pet Retail Market; and Grab Ordered to Pay for Impact on Vietnam Competitor. JD.com Sets Up Shop at Airport & Railway Station The Chinese e-commerce giant has opened two stores at an airport and railway station in a bid to target travellers and showcase its latest retail technology. Its new pop-up store at the departure lounge of Beijing Capital International Airport’s Terminal [...]
