(Reuters) - China's antitrust regulators are mulling levying a record fine against Alibaba Group Holding Ltd over its anticompetitive behavior, the Wa.
Potential winner: A Coupang employee delivering fresh food in Bucheon, South Korea. Coupang and its bankers raised the price range of the offering, signalling strong demand for the shares. – Bloomberg
TOKYO: SoftBank Group Corp, the biggest shareholder in Coupang Inc, stands to reap an enormous windfall when the South Korean e-commerce leader goes public this week, giving founder Masayoshi Son further evidence his often-criticised startup bets are paying off.
The Japanese company owns about 35% of the startup and could report an unrealised gain of as much as US$16bil (RM66bil) after Coupang raised the target price range for its initial public offering (IPO).
Press release content from Business Wire. The AP news staff was not involved in its creation.
2021 South Korea B2C E-Commerce Market and Top Mobile Payment Service Providers - ResearchAndMarkets.com
March 10, 2021 GMT
DUBLIN (BUSINESS WIRE) Mar 10, 2021
This report provides details on the acceleration of the B2C E-Commerce market and the increase of users of mobile payment services in South Korea. Among the findings in the report is the effect of the 2020 coronavirus pandemic on the reaction of top mobile payment service providers in South Korea.
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Asian B2C E-Commerce market continued accelerating during the COVID-19 pandemic in 2020
HONG KONG (March 11): JD.com Inc posted better-than-expected 31% revenue growth, suggesting China’s e-commerce boom may persist as the country bounces back from the pandemic.
China’s No. 2 online retailer reported sales of 224.3 billion yuan (US$35 billion) in the December quarter, outpacing the 219.52 billion yuan average of analysts’ estimates. Net income was 24.3 billion yuan. Its shares surged 10% in pre-market trading in New York.
JD’s inhouse logistics network has proven instrumental to buoying the company’s operations during the pandemic, when lockdowns drove a record number of consumers online. That fueled a surge in e-commerce for players from Alibaba Group Holding Ltd to Pinduoduo Inc in 2020, straining delivery networks, and questions remain about whether they can sustain growth this year.
<div class="at-above-post addthis tool" data-url="https://www.metro.us/chinas-antitrust-regulators-weigh/"></div>(Reuters) – China’s antitrust regulators are considering levying a record fine on Alibaba Group Holding Ltd over suspected anticompetitive behavior, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The fine could surpass the $975 million that Qualcomm paid in 2015 over anticompetitive practices, the report said. The regulators are also […]<! AddThis Advanced Settings above via filter on get the excerpt ><! AddThis Advanced Settings below via filter on get the excerpt ><! AddThis Advanced Settings generic via filter on get the excerpt ><! AddThis Share Buttons above via filter on get the excerpt ><! AddThis Share Buttons below via filter on get the excerpt ><div class="at-below-post addthis tool" data-url="https://www.metro.us/china