E-Commerce

credit: souq.com instagram

Amazon to acquire Souq.com despite Emaar’s last-minute bid

March 28, 2017 at 5:59 pm 0 comments

Amazon and Emaar Malls stared each other down in the Middle East e-commerce spotlight, and Emaar just blinked. A last-minute ante of US$230 million by United Arab Emirates-based Emaar failed to derail plans by Amazon to acquire Souq.com, an e-commerce leader in the Middle East. The Seattle-based e-commerce giant announcedRead More

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DFW: Balancing cargo needs for the short and long term

March 28, 2017 at 5:57 pm 0 comments

It’s hard enough to stay one step ahead of the competition – try thinking three decades down the road. That’s the challenge that John Ackerman, executive vice president of global strategy and development for Dallas–Fort Worth Airport (DFW), said he must contend with in today’s fickle and often unpredictable airRead More

Alibaba expected to fuel nearly a third of China’s digital economy jobs

Alibaba expected to fuel nearly a third of China’s digital economy jobs

March 28, 2017 at 5:29 pm 0 comments

A report out by the Boston Consulting Group (BCG) claims that, on its current trajectory, Alibaba could be responsible for some 112 million jobs out of an eye-watering 415 million total jobs available in China’s digital economy in 2035. “If Alibaba’s emerging businesses, such as cloud computing and digital entertainment,Read More

UAE’s Emaar outbids Amazon for Dubai-based e-commerce retailer

UAE’s Emaar outbids Amazon for Dubai-based e-commerce retailer

March 27, 2017 at 5:56 pm 0 comments

An e-commerce arms race is heating up in one of the Middle East’s most lucrative markets, with United Arab Emirates-based property holding company Emaar bidding against Amazon for e-commerce retailer Souq.com. Emaar, which owns properties including the sprawling Dubai Mall, announced that it was offering US$880-million for the Middle East’sRead More

CEVA Logistics opens new facility in Doncaster, U.K.

CEVA Logistics opens new facility in Doncaster, U.K.

March 27, 2017 at 5:23 pm 0 comments

CEVA Logistics has opened a 215,800-square-foot “shared-user warehouse” at the new iPort intermodal logistics park, in Doncaster, U.K. The site can accommodate up to 28,000 pallets, sits adjacent to a 35-acre rail terminal and has parking bays for 110 large trucks. The logistics company will offer retail and other consumer-goodsRead More

Kerry posts strong profits, pushes ‘One Belt One Road’ investments

Kerry posts strong profits, pushes ‘One Belt One Road’ investments

March 24, 2017 at 5:05 pm 0 comments

A 24 percent increase in Kerry Logistics International Freight Forwarding (IFF) profits pushed growth in the company’s core net profit up 4 percent, to US$142.1 million for 2016, as total revenue increased 14 percent, to $2.71 billion. The IFF division growth was propelled by contributions from recently acquired Apex MaritimeRead More

Walmart seeks last-mile ventures with new startup incubator

Walmart seeks last-mile ventures with new startup incubator

March 23, 2017 at 5:58 pm 0 comments

In the latest salvo of the e-commerce wars, retail giant Walmart has announced its interest in muscling in on the last-mile delivery sector with the launch of “Store No. 8,” a new startup incubator program in Silicon Valley, according to a report from sister publication, Mobility Buzz. The incubator isRead More

Alibaba Group to open first overseas ‘e-hub’ in Malaysia [VIDEO]

Alibaba Group to open first overseas ‘e-hub’ in Malaysia [VIDEO]

March 23, 2017 at 5:55 pm 0 comments

Alibaba Group is setting up its first overseas “e-hub” for what CEO Jack Ma calls the Electronic World Trade Platform (eWTP). The new outpost, in Malaysia’s new Digital Free Trade Zone (DFTZ), is expected to be launched by the end of 2019. The news underscores the pace at which theRead More