The end of Q3 2019 also marks the end of an era for Alibaba, but will the Chinese eCommerce platform be able to weather the transition? Singpost’s US subsidiaries are in troubled waters as they continue to seek buyers. Meanwhile, more challengers are rising in the face of Southeast Asia’s eCommerce boom.
Coming off the highs from the Q2 sales announcements, Chinese eCommerce sites are making strides to explore new possibilities, Alibaba bounces back with strategic buys and launches, and Amazon answers back to Ambani.
As we approach the middle of Q3, tensions have been causing ripples in the global economy and the eCommerce and logistics space, affecting the likes of Alibaba and Maersk. However, silver linings could be found in other developments within India and China.
This mid-August update brings with it fresh updates on Brexit and the US-China Trade War, with some optimistic news on Tokopedia’s recent Ramadan sales figures in Indonesia.
Towards the end of July, Southeast Asian eCommerce platforms witness optimistic growth, Chinese eCommerce giant JD.com increases artificial intelligence use, and the US-China trade war continues with US tariffs on Vietnam and Alibaba’s move to thaw tensions. Find out more!
In the first half of July, Asia witnesses tech and eCommerce optimism, Chinese eCommerce platforms compete within China and outside, and tensions of the US-China trade war finally begin to fizzle.
As we reach the end of June, greater calls for regional cooperation arise, eCommerce giants Lazada and Shopee compete on live-streaming feature, and Chinese consumers shift towards domestic products.
As the second half of the year begins, burgeoning Southeast Asian economies Indonesia and Vietnam are seeing positive signs of expansion, and the US-China Trade War continues to worsen.
For our May roundup, major eCommerce platforms solidify positions in SEA, UOB dips their toes into eCommerce and logistics, and US-China trade talks go South