black friday cross border

Diving into Friday morning? Here’s what you need to know.

1. Online retailer Ymatou expects huge Black Friday sales

China’s cross-border e-commerce has been growing over the past few years. The Shanghai-based cross-border e-commerce site ymatou.com expects the scale of the Black Friday event this year to be 10 times over last year by hiring more than 30,000 overseas buyers.

Ymatou said it is set to ensure that Chinese online shoppers can get the same deals that their Western counterparts enjoy during Black Friday. Buyers can broadcast their shopping process at the online shopping platforms.

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2. Fashion re-seller Banananina gets into ecommerce

Jakarta branded fashion reseller Banananina has moved into ecommerce in a bid to reach potential customers outside the Indonesian capital.

Founder Fitri Maya Safira says the new sales channel is expected to grow daily transactions from 30 to 70 items, and that her customers mainly live in Bandung, Blak, Jayapura etc.

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3. Chinese majors Baidu, Alibaba, Tencent & JD may see decline in US deals

Baidu, Alibaba, Tencent and JD have participated in more than 90 deals totaling over $7.7 billion since 2012. Their deal activity in the US peaked in 2015, rising nearly 5x between 2012 and 2015.

However, this pattern may shift following Baidu announcing the launch of a $3 billion late-stage fund in October in the form of Baidu Capital and its $200 million early-stage fund, under the management to Baidu Ventures. This specific fund is targeting investments in AI and virtual reality.

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