alibaba backs placeIQ

Here are the headlines you should know before you head out for lunch:


1.  B2C Ecommerce heats up in Southeast Asia

The forecast predicts retail ecommerce sales for the six countries studied will surpass $14 billion in 2016. Read the rest of the story here


2. Concerns linger over Singpost despite improved corporate governance

“While the new directors add to diversity and strengthen the board’s financial and legal capabilities, we think the main letdown is the lack of experience in the e-commerce or logistics business,” said CIMB. Read the rest of the story here


3. Alibaba backs PlaceIQ, a startup that combines location data with first-party data

Although the deal has not been disclosed by the two companies, the investment is more of a ‘strategic partnership’. Alibaba could use PlaceIQ’s technology in a variety of ways, including marketing, product recommendations and providing data for broader decision-making. The startup can determine not just whether someone’s visited a car dealership,but whether they’re actually shopping for a car, and what kinds of TV stations they’re likely to watch. Read the rest of the story here

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