Alibaba’s Lazada Targets European Luxury Brands to Fuel Southeast Asian Growth

Alibaba’s international e-commerce arm, Lazada, is aggressively courting European luxury brands to boost its presence in Southeast Asia, aiming to capture a $100 billion e-commerce market by 2030. Lazada’s recent success, including becoming EBITDA positive, is fueled by investments in AI and online marketing. While Alibaba’s international retail business thrives, its domestic market faces challenges due to price wars and geopolitical tensions. Despite these hurdles, Wall Street analysts remain optimistic about Alibaba’s future, with an average 12-month price target of $107.27.

Cyprus Reopens Embassy in Jakarta, Targeting Southeast Asian Tourism Boom

Cyprus has reopened its embassy in Jakarta after a decade, aiming to attract more tourists from Indonesia, Singapore, and the Philippines. This strategic move capitalizes on the growing Southeast Asian middle class eager to explore new destinations, and positions Cyprus as a prime destination with its diverse offerings, including sunny beaches, historical sites, and a unique blend of European and Middle Eastern culture.

Greater Bay Area Promotes Multi-Destination Travel in Indonesia

The Greater Bay Area, encompassing Guangdong, Hong Kong, and Macao, hosted a tourism promotional event in Indonesia to showcase its diverse offerings and attract international travelers. The event focused on multi-destination travel packages and fostered deeper cooperation between the three regions, positioning the Greater Bay Area as a unified, world-class destination.

Outbound Travel Roadshow (OTR) Southeast Asia 2024: Connecting the Travel Industry Across Vibrant Destinations

The Outbound Travel Roadshow (OTR) Southeast Asia 2024 is a dynamic travel trade workshop taking place across Thailand, Vietnam, Malaysia, and Singapore from September 30 to October 4. This event provides an invaluable platform for industry professionals to connect, collaborate, and explore new opportunities within the diverse travel landscape of Southeast Asia.

ACEN Champions Coal-to-Clean Energy Transition at Climate Week NYC

ACEN, the Ayala group’s energy platform, participated in Climate Week NYC, highlighting its role in the coal-to-clean energy transition through transition credits. The company joined a panel discussion on harnessing transition credits to accelerate the retirement of coal plants in Southeast Asia, replacing them with renewable energy while ensuring a just transition for affected communities.

Korean Air Expands Flight Network for Winter Season

Korean Air is boosting its flight frequencies to popular Southeast Asian destinations like Bali, Nha Trang, and Phu Quoc, as well as key routes to North America and Europe, to meet the increased travel demand for the upcoming winter season. The airline is also increasing services to several destinations in Asia, bringing its international network capacity to 100% of pre-pandemic levels.

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