Alibaba Group agreed to buy e-commerce business Kaola from Chinese gameplay company NetEase for $2 billion. With the buy, the Chinese e-commerce giant adds a platform that specialises in supplying curated luxury goods from abroad to domestic consumers. As Alibaba is looking for new revenue drivers in its home e-commerce market, it will also invest $700 million for a minority
The LEGO Group is stepping up on investments to realise global growth
The LEGO Group released its financial results for the first half of 2019. It also states to step up its investments to expand its global reach both physical and digital. During the first half of 2019, revenue grew 4% to DKK 14.8 billion compared to the same period last year. Consumer sales grew 5% while the brand was able to grow market share in its largest markets. Due to the
Online scammers’ best friends: China, Russia & the Netherlands
A research collaboration between Scamadviser.com and REACT has analysed over 65 million websites. Based on its data, it identified a top eight of hosting companies and registrars who support the most unreliable websites in the world. Basically, all an online scammer needs is a domain name and a hosting provider to do its business. Registering a domain name always involves a
The power of Alibaba
China's consumers are the driving force behind the economic growth of the country in 2019. Alibaba is one of the fastest growers and is the undisputed number one in online commerce. The distance to the competitors is immense. One in two orders is placed on Alibaba Originally meant as an event to show its rivals what it could do, Singles Day has become a very big success. In
Russian SPUTNIK marketplace set to launch this autumn
New Russian marketplace SPUTNIK is set to launch this autumn. According to the platform, it aims to sell "trustworthy" goods to Russian consumers. The product range will consist of a wide range of goods, including clothes, footwear, accessories, and household equipment. Vladimir Stupnikov, CEO of SPUTNIK, attributes the planned launch to the increased customer demand for