Using a combination of word-of- mouth and advertising, Alibaba Group Holding Ltd. is tapping the millions of Chinese outside its homeland from Singapore to San Francisco to accelerate global expansion.
Rocket Internet AG, which has copied business models from Airbnb Inc. to Birchbox Inc., plans to raise 750 million euros ($970 million) in one of Europe’s most anticipated technology initial public offerings this year.
Rakuten Inc. agreed to buy U.S. rebates website Ebates Inc. in Japan’s largest e-commerce deal on record as the operator of the country’s biggest online mall seeks overseas growth through acquisitions.
For Twitter Inc., a tweet will soon be more than a form of communication or an ad — it will be an invitation to buy. The San Francisco-based microblogging company is testing a “buy” button so consumers can purchase directly from tweets posted on its service.
Alibaba Group Holding Ltd., China’s largest e-commerce company, is emerging in Brazil as a challenger to entrenched foreign rivals EBay Inc. and Amazon.com Inc. as consumers seek cheap imports.
BoF compiles the most important professional moves of the week.
Investment AB Kinnevik and Rocket Internet AG, the e-commerce accelerator founded by Germany’s Samwer brothers, agreed to combine five online fashion businesses to create a global powerhouse.
JustFab Inc., an e-commerce startup with brands including ShoeDazzle and FabKids, has become the latest company to be valued at more than $1 billion.
Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
Zalando SE, Europe’s largest online shoe and fashion retailer, reported a second-quarter profit of 35 million euros ($46 million), giving investors more evidence the company is controlling costs ahead of a potential initial public offering.
Asos Plc shares rose as much as 17 percent following a newspaper report that the U.K.’s largest online-only fashion retailer is the subject of takeover speculation.
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.