Alibaba Singles’ Day smashes $25 billion sales record

SHANGHAI: Chinese e-commerce giant Alibaba Group Holding Ltd smashed the 2017 record for its Singles’ Day sales event on Sunday, surpassing 168 billion yuan...

Here’s how OLX makes money. Hint: It’s not just the Ads

The OLX Group is a global online marketplace operating in 45 countries and is in the list of the largest online classified ads companies...

Facebook, privacy, and the impact on Pakistani e-commerce

The global tech giant’s troubles may seem far removed from local concerns, but Pakistani Facebook users need to be more vigilant, says digital rights activist

Asia air cargo market gets e-commerce boost as trade war yet to bite

Asia-Pacific air cargo volume rose 4.8 percent in January-August, showed data from the Association of Asia Pacific Airlines (AAPA)

HNL contemplating right shares issue of Rs140 million for Hum Mart

In late February, HNL had announced the incorporation of HM as its wholly-owned subsidiary and enter the online grocery business in Pakistan

Alibaba’s Jack Ma to step down in one year, Zhang to become chairman

Ma, who co-founded Alibaba in 1999, is one of China’s richest people with a net worth of $36.6 billion, according to Forbes

Alibaba co-founder Jack Ma to retire: New York Times

Ma, who founded Alibaba in 1999, stepped down as chief executive in 2013. He currently serves as the company’s international face at top political and business events

CPEC digital information channel fully connected

'On July 13, the 2,950-kilometer-long China-Pakistan optical cable from Urumqi to Rawalpindi was fully connected and tested well.'BEIJING: The 'China-Pakistan Economic Corridor (CPEC) digital information...

Alibaba revenue beats estimates, but investments prolong margin squeeze

April-June saw Alibaba lead a $1.38 billion investment in Chinese logistics firm ZTO Express (Cayman) Inc and commit $320 million to a Thai e-commerce project.

Alipay set to commence services in Pakistan by end-2018

Back in March, Alibaba’s Ant Financial said it would invest $184.5million for a 45 percent stake in Telenor Microfinance Bank (TMB), a subsidiary of Telenor Group, to further develop TMB’s mobile payment and digital financial services, bringing the world to Pakistani consumers

And delivering it at their doorstep

Careem planning to spend $150 million to launch food delivery business

CareemFood will be launched in Pakistan as soon as September and then in the United Arab Emirates, Saudi Arabia, other Gulf countries, and Egypt

Yayvo sales set to surpass billion rupees mark this year: Report

According to estimates of M.A Mannan, CEO TCS Holdings, 40 to 45 percent of e-commerce sales were being conducted in rural areas

E-commerce sales disappoint on occasion of Eid-ul-Fitr

As per a rough estimate, around Rs50-60 billion was spent by consumers in Karachi on Eid shopping, the city constituting 10 percent of Pakistan’s population of 207 million

Pakistan e-commerce sales set to cross $1 billion by 2020

Pakistan has one of the highest rates of mobile and internet penetrations in South Asia with 40 million Internet subscribers and 20 million Facebook users

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Pakistan, China ink Karachi-Peshawar railway line agreement

LAHORE: Pakistan Railways (PR) and the National Railway Administration (NRA) of China on Tuesday signed an agreement pertaining to the ML-1 project at the...