Before you head home, here are today’s top ecommerce headlines.


1. Tencent Singapore office targets tourists

Tencent, which owns the WeChat messaging and browsing platform, has created an International Business Group charged with raising awareness of the opportunities offered by WeChat, especially targeting people who live outside China.

A growing number of luxury brands are establishing a presence on Wechat – Gucci even sells handbags worth several thousand US dollars on the platform, and BMW reaches out to prospective customers.

Read the rest of the story here.


2. Amazon India losses double, but so do revenues

Amazon Seller Services, the registered business unit of Amazon India, posted a loss of US$527 million in the fiscal year ending March 2016, as heavy investments and spending took a toll on margins.

However, the company’s revenues also jumped to US$335 million, compared to US$151 million in the same period last year.

Read the rest of the story here.


3. GMO, NetDesign set up joint venture

Japanese tech giant GMO Internet Group has made inroads into Thailand’s online-related services market through a 1-billion-baht partnership with a local pioneer firm.

The move by GMO Internet is part of the group’s strategy to expand its presence in Southeast Asia. “Thailand is the centre of our business expansion in Asean due to its 45 million internet users, digital-savvy population,” says Chalermruth Narkvichien, chief executive of GMO-Z com NetDesign.

Read the rest of the story here.

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