In response, Alibaba Group issued a statement saying ezBuy’s act of creating over 1,000 accounts to buy items from Taobao, then reselling them at a higher price was an act of scalping, which it does not tolerate and will penalise.
Jack Ma officially launches Digital Free Trade Zone (DFTZ) in KL today
Jack Ma, founder and Executive Chairman of Alibaba Group, launched the world’s first Digital Free Trade Zone (DFTZ ) in Kuala Lumpur earlier today. DFTZ will provide physical and virtual …
Lazada’s complete redesign coming in May?
After the massive US$1 billion Alibaba acquisition, all eyes are on Lazada. And the folks at the Rocket Internet backed venture has already started their first move — a complete …
Alibaba acquires controlling stake in Lazada
Alibaba Group Holding Limited and Lazada Group S.A. announced today that Alibaba entered into an agreement to acquire a controlling stake in Lazada, a leading eCommerce platform in Southeast Asia. …
