This is what you should know today.

1. FedEx to boost ecommerce operations in Asia

FedEx will expand its global ecommerce business in an effort to compete for the growing number of packages shipped to consumers from China and Japan.

The company acquired Bongo International, a company that helps shoppers purchase goods from foreign retailers by automatically adjusting currencies and shipping costs, and is re-branding the business as FedEx CrossBorder.

Read the rest of the story here.

 

2. Warren Buffett just dropped Walmart, buys airline stock

The sale, which leaves Buffett with nearly no shares in Walmart, comes as America’s largest traditional retailer rushes to catch up to Amazon and other online competitors.

Amazon’s market value is now $356 billion, compared with Walmart’s $298 billion. Last year, Buffett acknowledged that traditional brick and mortar retailers are struggling to compete with the online giant.

“It is a big, big force and it has already disrupted plenty of people and it will disrupt more,” Buffett said at his annual shareholders’ meeting in 2016.

Read the rest of the story here.

 

3. Unilever just launched its own co-working space in Singapore

Where is it? The 22,000-square-foot space is located at Unilever’s regional headquarters in Singapore’s Mapletree Business City area.

What’s the goal? The space is open to startups that have a product in their hands, but it will focus on companies that work with marketing and ad tech, enterprise tech, products and ingredients, social impact, and new business models.

Who is Unilever partnering up with? For its creation and running, Unilever has partnered with Padang & Co, a Singapore-based startup that helps connect businesses to corporates and the government through events, workshops, hackathons, and more.

Read the rest of the story here.

4. Community Chatter: Walmart’s ecommerce regret

Source: Paul Srivorakul (aCommerce Group CEO)’s Facebook

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