Zara is reportedly planning to take its live shopping shows to the UK, Europe and the US this year, on the back of growing popularity in China, where the format was launched in November.
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Mobile wallets have become the dominant payment method in China, with over 84% of users utilising them for transactions in the past year.
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Online retailer, SHEIN, has completed its takeover of Missguided, a women’s fashion brand from Mike Ashley’s Frasers Group.
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Agora, Inc. has announced it is expanding the availability of its livestream shopping technology as it aims to tap into growing appetite across the US for this form of retail.
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Meituan UAS, a drone-based food delivery business from China, has taken a huge step towards the integration of its delivery drones, operating systems and drone hubs in the UAE.
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Ochama, a subsidiary of Chinese retail giant, JD.com, has announced it is expanding its home delivery services and strengthening its European presence across 19 new countries.
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The value of e-commerce transactions will continue to rise between now and 2027, driven by improved technology, new delivery services, and wider internet adoption.
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The integration is targeting up to 1.4 billion consumers that use an international wallet or banking app through Alipay+, enabling them to use their favoured payment method at participating outlets in the UAE.
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RAKBANK has enabled UnionPay contactless payments to be accepted across all its payment terminals in the UAE, further driving contactless payments in the region.
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A study that was conducted in three Chinese cities, in collaboration with Alibaba’s food delivery platform, Edeme, has said one simple feature could save millions in plastic waste tonnage each year.
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China accounted for 33.9% share in the global e-commerce market in terms of payments value in 2022. It was followed by the US with $1.8 trillion while the UK stood at a distant third with $287.4 billion.
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Alipay has launched an updated “International Version” of its digital payment and lifestyle app with customised services for overseas travelers to China.
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Chinese shoppers visiting the region can use now use the payment solution in malls across the UAE.
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TikTok to launch online store selling China-made goods
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AliExpress names first external partner for cross-border payments
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Flywire and Tencent partner on global tuition payments in China
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Metalenz, Dilusense bring 3D facial recognition to payment kiosks
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The firm has already started a pilot project of Tmall in Spain prior to its wider European rollout.
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AlipayHK (Hong Kong SAR), Kakao Pay (South Korea) and Touch ‘n Go eWallet (Malaysia) have all been made available as well as Alipay (Chinese mainland), which has been accepted by Thai merchants since 2015.
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Each of the six business groups will be managed by its own CEO with the flexibility to raise outside capital and seek an initial public offering
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