The online retail market is thriving as shoppers buy from Amazon, Alibaba and other stores as the coronavirus pandemic rages on.
Singapore e-commerce firm Lazada said on Friday that personal information including addresses and partial credit card numbers from 1.1 million accounts had been hacked, a major breach in the city-state of 5.7 million. "The user information that was illegally accessed include names, phone numbers, email and mailing addresses, encrypted passwords and partial credit card numbers," a spokesman for Lazada said.
China's Alibaba Group Holding Ltd will kick off its mega-shopping extravaganza "Singles Day" early this year, a move that will likely see a big jump in its sales as the easing of the country's COVID-19 pandemic drives an economic rebound. The tech giant will offer two check out periods - a new one from Nov. 1-3 and its traditional 24-hour shopping window on Nov. 11. This year's blitz is being watched as a barometer for how strong consumer appetite is rebounding in China, amid signs that a recovery in household spending has started broadening.