Galaksion blog News digest 12.10.2020
Mon Oct 12,2020
News digest 12.10.2020

Alibaba setting up joint venture with Swiss duty-free giant Dufry

Source

Chinese tech giant Alibaba has agreed to form a joint venture (JV) with Swiss duty-free group Dufry, as Chinese shoppers’ appetite for overseas luxury goods seemed unfettered by the pandemic.

Alibaba Group will have 51 percent controlling shares to Dufry’s 49 percent. The joint venture combines Alibaba’s established network and digital capabilities with Dufry’s China travel retail business and operational skills, the statement said.

The future of ecommerce: 8 trends to watch out for in 2021 

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Due to an expected increase and the advent of 2020’s effect on commerce, the ecommerce industry is proliferating. Every day, more retailers are making the move to online selling, while entrepreneurs are getting their start through ecommerce ventures.

However, ecommerce is an ever-changing industry. Here are top five ecommerce trends to watch out for in 2021.

Google Chrome remains China’s most popular web browser, even with Google search and other apps blocked

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Internet users in China cannot use the Google search engine without a VPN, yet Chrome has the highest market share among web browsers

China has no shortage of domestic browsers to choose from, including UC Browser, 360 Browser and QQ Browser

House Democrats say Facebook, Amazon, Alphabet, Apple enjoy ‘monopoly power’ and recommend big changes

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After a 16-month investigation into competitive practices at Apple, Amazon, Facebook and Google, the House Judiciary subcommittee on antitrust has released its findings and recommendations on how to reform laws to fit the digital age.

The report concludes that the four Big Tech companies enjoy monopoly power and suggests Congress take up changes to antitrust laws that could result in parts of their businesses being separated.

Republicans have voiced objections to some of the bolder proposals in the report, such as imposing structural separations.

How SilentFade group steals millions from Facebook ad spend accounts

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SilentFade steals credentials and ad spend account information and sells the information to other bad actors. The group returned with improved malware after Facebook's initial mitigation efforts.

 

China has 309 mln e-commerce livestreaming users: report

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The report released by the China Internet Network Information Center noted that e-commerce livestreaming has become the country's fastest-growing internet application in the first half of 2020.

With over 400,000 livestreamers active in the industry, China saw over 10 million livestreaming marketing activities in the first half of this year, attracting over 50 billion views, said the report.

Google delays mandating Play Store payments rule in India to April 2022

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Google  is postponing to April 2022 the enforcement of its new Play Store billing rule in India, days after more than 150 startups in the world’s second largest internet market forged an informal coalition to express concerns over the 30% charge the Android-maker plans to mandate on its store and started to explore an alternative marketplace for their apps.