Tag: E-commerce

NPC warns public about “smishing” as text scams rise, says global syndicates behind scam text surge

Summons data protection officers of telecom firms, e-commerce platforms and banks (Eagle News) – Amid the recent surge of scam texts, the National Privacy Commission (NPC) asked telecommunications firms, online or e-commerce platforms, and several banks to report the steps that they are taking to fight fraudsters that target not only internet users, but mobile phone users as well. Privacy Commissioner Raymund Liboro called the public’s attention to “smishing,” a new scam procedure being used […]

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New world order’: Asia’s virtual influencers offer metaverse glimpse

by Dene-Hern CHEN / Jing Xuan TENG in Beijing BANGKOK, Thailand (AFP) — Sporting neon hair and flawless skin, Bangkok Naughty Boo is one of a new generation of influencers in Asia promising to stay forever young, on-trend, and scandal-free — because they are computer generated. Blurring the lines between fantasy and reality, these stars are hugely popular with teenagers in the region and will yield increasing power as interest grows in the “metaverse”, industry […]

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Chinese consumers spend billions in ‘Singles’ Day’ shopping spree

by Dan Martin SHANGHAI, China (AFP) — Chinese customers spent billions of dollars during the opening hours of the country’s annual “Singles’ Day” frenzy Monday, the world’s biggest 24-hour shopping event that was kicked off by US megastar Taylor Swift. E-commerce giant Alibaba said the first $1 billion spent on its platforms was reached in just 68 seconds. The total gross merchandise volume settled through its payments platform Alipay hit 100 billion yuan ($14.3 billion) […]

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New era at Alibaba as Jack Ma rides into the sunset

by Dan Martin SHANGHAI, China (AFP) — Jack Ma steps aside on Tuesday as chairman of Alibaba, ending a spectacularly successful 20-year run during which the charismatic former English teacher’s e-commerce company left a profound impact on China’s economy. Ma, who turns 55 on Tuesday, hands the reins of the company he co-founded to a team of executives led by CEO Daniel Zhang. Ma intends to put his $41 billion fortune toward philanthropic projects such […]

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PASIA

PASIA pushes for single e-commerce platform in business transactions

By Caesar Vallejos Eagle News Service Sellers and buyers will soon engage in a single platform where they could transact business from supply chain management to procurement and logistics. Procurement and Supply Institute of Asia (PASIA) Chairman of the Board and CEO Charlie P. Villasenor said that the rise of a single electronic marketplace is one of the technology disruptions that will impact on the industry. “This could be the next biggest story in the […]

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‘Ababis’ and ‘Star Wnrs’: Knockoffs thrive in China e-commerce

by Ludovic EHRET Agence France Presse BEIJING, China (AFP) — Sneakers on a popular Chinese e-commerce platform look like Adidas, but are branded “Ababis”. Underwear resembling Calvin Klein are called “Caiwen Kani”. Toys with an uncanny resemblance to a certain blockbuster movie franchise opt for “Star Wnrs”. As China held its massive annual “Singles Day” online sales event on Sunday, shoppers could still find cheap imitations on Alibaba’s Taobao app despite the company’s efforts to […]

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Alibaba chairman Jack Ma to step down in 2019: company

BEIJING, China (AFP) – Alibaba co-founder and chairman Jack Ma will step down as head of the e-commerce giant on September 10, 2019, the company said on Monday. Ma is staying on as executive chairman for 12 months to “ensure a smooth transition” before handing over his role to chief executive officer Daniel Zhang, Alibaba said in a statement. “While remaining as executive chairman in the next 12 months, I will work closely with Daniel […]

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Jack Ma says Alibaba ‘doing a lot of research’ on driverless cars

BANGKOK, Thailand (AFP) — E-commerce giant Alibaba is steering resources towards driverless car technology, its CEO Jack Ma confirmed on Thursday, joining a global race to shape the future of driving. Despite fresh safety fears after a woman was hit and killed by a self-driving Uber vehicle in the US last month, many tech giants like Google as well as automakers are accelerating plans in an industry attracting billions of dollars. The competition is heating […]

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Dominguez urges BSP to “check” regulations that “stymie” e-commerce growth in PHL

Suggests transforming OFW bank into “virtual bank” with zero physical branches (Eagle News) – Finance  Secretary Carlos Dominguez said he has coordinated with the Bangko Sentral ng Pilipinas so it could “check” all its regulations that “stymie the growth of electronic commerce in the country.” In a statement on Monday, Dominguez revealed he made the coordination with BSP Deputy Governor Maria Almasara Cyd Amado, as he gave a push for the use of digital technology […]

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Bidding war heats up for $5 billion second Amazon Headquarters

NEW YORK, United States (AFP) — It’s the prize of a lifetime — a $5 billion investment creating 50,000 well-paid jobs that everyone wants, but only one US city will get. From East to West, from North to South, metropolies across the United States are locked in a frenzied bidding war desperate to woo Amazon into favoring them as the site of the e-commerce giant’s second headquarters. From $7 billion in tax breaks in Newark, […]

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DTI urges MSMEs to venture into E-commerce

MAKATI CITY, Apr. 13 — The Department of Trade and Industry (DTI) is urging Micro Small and Medium Enterprises (MSMEs) to venture into e-commerce to expand market reach. The agency recently launched the Philippine e-commerce roadmap which targets to engage 100,000 MSMEs by 2020. “The Philippine E Commerce Roadmap engages people and organizations to collaborate for MSME development. We need to build capacity, attract investments in infrastructure, and institute policies to enable MSMEs to maximize […]

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