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Scam-proof your digital wallet with these pro tips

Jessica Fenol, ABS-CBN News
Updated as of Nov 19 08:13 AM

Digital natives are among the first to embrace the cashless future and they shared with ABS-CBN News some tips to ease the pain out of digital payments while keeping their virtual wallets safe. Read more »

Biggest '11-11' shopping cart on Lazada PH worth P1.2 million

ABS-CBN News
Updated as of Nov 18 01:55 PM

Lazada said 1,141 sellers each tallied at least P1 million in sales, making them millionaires. It did not disclose the total value of goods sold during the 24-hour event, which was matched by rival Shopee. Read more »

China retail giant Alibaba given OK for huge Hong Kong listing

Agence France-Presse
Posted at Nov 13 02:16 PM

Asia's biggest company will kick off a weeklong roadshow from Wednesday as it looks to garner interest from institutional and retail investors, said Hong Kong's South China Morning Post, which is owned by Alibaba.   Read more »

Alibaba's 11-11 sales hit record $38 billion

Josh Horwitz, Reuters
Posted at Nov 12 09:34 AM

The event, a gauge of Chinese consumer sentiment, has also become a shop window this year for Alibaba as it plans to sell $15 billion worth of shares in Hong Kong this month. The US-listed firm has spent big to diversify its business yet still earns over four-fifths of revenue from e-commerce. Read more »

What slowdown? Chinese spend big in 'Singles' Day' shopping spree

Dan Martin, Agence France-Presse
Posted at Nov 11 05:29 PM

E-commerce leader Alibaba said that within the first 12 hours, nearly 192 billion yuan ($27.4 billion) had been spent -- apparently on pace to shatter last year's full 24-hour record of $30.7 billion. Read more »

Russian e-commerce booms despite economic doldrums

Andrea Palasciano, Agence France-Presse
Posted at Nov 11 07:37 AM

Russia may be a latecomer to the world of online shopping but e-commerce is experiencing explosive growth in the country despite a stagnant economy weighed down by Western sanctions. Read more »

WhatsApp adds shopping catalog feature, courting e-commerce

Reuters
Posted at Nov 08 09:55 AM

Facebook has been trying to boost revenue from higher-growth units like Instagram and Whatsapp, which has 1.5 billion users. The company's flagship News Feed product continues to draw big ad dollars, but is struggling to generate new users. Read more »

In 'Hunger Games' for 11-11 discounts, the smartest online shoppers win

Gillan Ropero and Pia Regalado, ABS-CBN News
Updated as of Nov 04 05:09 PM

Here are some tips on how to beat 50 million other shoppers on getting the best deals. Read more »

China calls for businesses to shut down e-cigarette online shops

Josh Horwitz, Reuters
Posted at Nov 01 08:05 PM

China's tobacco regulator on Friday issued a notice asking e-commerce platforms and businesses to shut online stores that sell electronic cigarette products, in a move aimed at stopping minors from purchasing e-cigarettes through the internet. Read more »

Alibaba to resume Hong Kong listing plans as soon as November: sources

Julie Zhu and Joshua Franklin, Reuters
Posted at Oct 31 11:52 AM

Alibaba's listing would boost Hong Kong's status as a major capital markets hub. After topping global rankings in 2018 for funds raised through IPOs, the city's bourse fell behind the New York Stock Exchange and Nasdaq this year amid months of anti-government protests that have roiled the Asian financial hub.   Read more »

In '11-11' sale war, Lazada takes on Shopee with focus on 'fun'

Gillan Frances Ropero, ABS-CBN News
Updated as of Oct 25 07:20 PM

Alibaba-owned Lazada, which pioneered the one-day sale, is taking on rival Shopee, which is also holding an "11-11" sale. Both platforms also competed for digital wallets on "9-9" and "10-10." Read more »

Zara opens online shop in PH, expanding SSI's e-commerce footprint

ABS-CBN News
Posted at Oct 24 10:06 AM

The luxury retailer said zara.com/ph opened last Wednesday, offering Zara's complete collection for women, men and kids. Read more »

Rice farmers find relief in digital economy as prices fall

Art Fuentes, ABS-CBN News
Posted at Oct 21 12:25 PM

BigasPh, which Valdez co-founded, takes orders from the provinces including Nueva Ecija and Banaue and delivers the grain to consumers in the capital. The staple is bought from farmers at a "fair price," she said Read more »

Barneys bidding starts, and it’s a bet on the future of shopping

Vanessa Friedman and Sapna Maheshwari, The New York Times
Posted at Oct 16 11:02 AM

The luxury department store chain declared bankruptcy in August and became a cautionary tale of retail hubris and the death of shopping as we once knew it. Read more »

More Filipino shoppers search for gift ideas online: Facebook study

Jessica Fenol, ABS-CBN News
Posted at Oct 10 06:53 PM

The use of mobile and other computer devices is becoming more “integral” in the holiday shopping behavior of Filipinos, taking “key roles” in the entire process even before the actual purchase happens, a Facebook study released Thursday showed.  Read more »

May forever?: Forever 21 will continue to operate in PH, SM Retail says

ABS-CBN News
Posted at Oct 01 02:55 PM

Full operations of all 15 stores of Forever 21 in the Philippines will continue, SM Retail said in a statement.  Read more »

Bill wants online shopping platforms regulated to 'protect public'

ABS-CBN News
Posted at Sep 30 06:35 PM

Even fake suka (vinegar) can be purchased online, laments PBA Party-list Rep. Jericho Nograles.  Read more »

Forever 21 files for bankruptcy: What it means for retail

Sapna Maheshwari, The New York Times
Posted at Sep 30 12:45 PM

Forever 21, the California retailer that helped popularize fast fashion in the United States with its bustling stores and $5 tops, said on Sunday night that it would file for bankruptcy, a sign of the eroding power of shopping malls and the shifting tastes of young consumers. Read more »

New era at Alibaba as Jack Ma rides into the sunset

Dan Martin, Agence France-Presse
Posted at Sep 11 08:16 AM

Jack Ma stepped aside as leader of the Alibaba Group on Tuesday, 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.  Read more »

Alibaba founder Jack Ma steps down on 55th birthday

Reuters
Updated as of Sep 10 02:41 PM

Jack Ma, co-founder and CEO of China's largest online retailer Alibaba, is scheduled to step down from his position as the company's executive chairman on Tuesday. Read more »