Global Fashion Group raises RM1.47 billion in Funding Round
24 July 2016: Global Fashion Group (“GFG”) has announced a successful funding round of EUR 330 million (RM1.47 billion), which has been subscribed by existing investors including Rocket Internet SE (“Rocket Internet”) and the Rocket Internet Capital Partners fund (“RICP”). Due to high demand, the initial underwritten minimum capital raising of EUR 300 million (RM1.34 billion) was increased to EUR 330 million (RM1.47 billion). Founded...
Travelers are ‘Easy Targets’ for Online Financial crime when Abroad
24 July 2016: The research discovered that 45% of travelers believe losing money is one of the top-three threats they may face abroad, and credit card compromise is considered to be a top-three threat by 35% of users. These concerns are well-founded – the research also highlighted that there is a real danger when it comes to losing money when traveling: 22% of respondents have experienced such a loss, and 8% have had a card...
GEMFIVE Runs Exclusive OPPO F1 Plus Barcelona Edition e-bidding
19 July 2016: GEMFIVE.com, an online marketplace owned by Hong Leong Group is offering public a chance to own a One-Of-A-Kind OPPO F1 Plus in Malaysia signed by FC Barcelona’s superstars – Messi, Suarez and Neymar, via e-bidding at www.gemfive.com/biddingforoppo. Based on the last check on the site, the highest bid is RM23,338.00. The winning bid will be donated to “30 Hour Famine” by World Vision. The...
Shoppers Can Now Shop and Get Unlimited Cashback from Over 500 Popular Online Stores Through ShopBack Mobile App
19 July 2016: ShopBack Malaysia, the top online Cashback platform in the country, today announces that its mobile app will be ready for Malaysian shoppers to download at iOS App Store and Google Play Store, starting from 19 July 2016. In conjunction with the release of ShopBack mobile app, the Cashback platform will reward every shopper with an extra RM5 when they make a purchase at any of the 500 over partner stores via its app from...
Barracuda Expands Cloud-Ready Next-Generation Firewall Technology
19 July 2016: Barracuda Networks, Inc., a leading provider of cloud-connected security and storage solutions, announces the availability of Barracuda NextGen Firewall F-Series version 7.0, which is expressly designed for organizations adopting cloud-based applications, operating dispersed network environments, and leveraging public cloud platforms Barracuda NextGen Firewall Version 7.0 provides security and reliability in these...
The Adoption of New Online Payment Methods Worldwide is Driven by Improved Security and Value-Added Features
18 July 2016: In 2015, credit card continued to lead as the major non-cash payment method used by more than half of global online shoppers to pay for purchases made via the Internet, according to the new report by yStats.com. However, alternative payment methods, such as digital wallets and bank transfers follow closely and even beat credit cards in terms of usage by online shoppers in multiple advanced and emerging markets....
Global B2C E-Commerce Growth Rates Decline, but Emerging Markets Stay Strong
18 July 2016: The B2C E-Commerce market maintains growth on the global scale, according to the report by yStats.com. Various sources cited in the publication project that B2C E-Commerce sales will top USD 1 trillion in 2016, while differing in predictions of exactly how much sales will surpass that figure. Although the global growth rate is projected to moderate within the next few years, emerging markets still show high growth...
Amazon Remains as Leader in global B2C E-Commerce
17 July 2016: The global growth of B2C E-Commerce attracts online pure-play retailers, multichannel merchants and marketplace operators who compete for a share of online shoppers’ spending. Despite fierce competition, Amazon.com remains the global leader of online retail, with an 8% share of global B2C E-Commerce product sales in 2015, according to the yStats.com research. Amazon’s global revenues of nearly USD 80 billion outstrip the...
Internet is a Source of Family Conflict and Disconnect
17 July 2016: The research, which surveyed over 3,700 families in seven countries, provides an insight into how the digital world is disrupting traditional family dynamics. Whereas in the past parents were the first port of call for children seeking answers to questions or advice, one-in-four (23%) of the parents surveyed say that their kids now prefer to go online rather than talk to them. The research also found that almost half...
Kaspersky: Travel stimulates higher-risk behavior online among consumers
13 July 2016: In a survey of 11,850 people worldwide, Kaspersky Lab has unearthed an overriding desperation among travelers to be connected, casual attitudes towards data security, and an inclination towards risky behavior, is putting them at increased risk of cyber-attacks. The research shows many of us are careless with our connected devices abroad. A quarter (28%) have left them unsupervised (such as on a table or in a meeting...
