Management said apparel would be challenged over the next two to three quarters due to brands coerced into leaving the platform.
Alibaba reported $25.4 billion in GMV for the 24 hours of Singles’ Day, while JD.com reported $19.1 billion for Nov. 1 to 11.
Stephanie Phair talked scaling in China, Style.com and tech solutions.
Reports have resurfaced that Alibaba is forcing brands to choose between JD.com and Tmall.
Tommy Hilfiger, Mary Katrantzou and Peter Pilotto were sipping cocktails with the Chinese online retailer and the BFC/Vogue Fashion Fund.
The Chinese retailer will support the BFC/Vogue Fashion Fund.
Thailand “e-commerce is ready to explode,” Central Group ceo Tos Chirathivat said.
The winners and losers of second-quarter earnings, according to WWD.
The company guided 36 to 40 percent year-over-year sales growth for the third quarter.
China’s largest e-commerce player is making moves into the country’s booming online luxury space.
Saint Laurent will be the first brand to benefit from Farfetch’s new deal with JD.com.
The two firms also announced plans to integrate their inventory systems and other operations.
More European brands are entering on their own in a market dominated by local giants.