As Alibaba's founders announce their investment in Rent the Runway and Kering plans to test a new subscription system, the luxury industry is preparing to respond to a new consumption mode that heralds a revolution.
Amazon.com is making a push for merchants on its website to sell goods into other countries, setting the stage for greater competition with rival marketplaces run by eBay and potentially Alibaba Group Holding.
Chinese e-commerce platform Alibaba is reportedly considering acquiring Pakistani fashion e-tailer Daraz, owned by German start-up company Rocket Internet, in a bid to gain a foothold in the South Asian country.
Alibaba said it will invest an additional $2 billion in Southeast Asian e-commerce firm Lazada Group and replace its CEO, consolidating its control over the firm as it targets an aggressive expansion in the region.
Chinese video streaming service provider iQiyi Inc, a unit of search engine giant Baidu Inc, has launched an initial public offering in New York worth up to $2.4 billion, seeking to expand its range of content.