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Freshly Squeezed: 28.08.19

Reading Time: 2 mins
By Published On: August 28, 20190 Comments

Costco forced to shut its doors in China due to crowds and The Iconic launches its first drone delivery service. Get a healthy dose of news as we uncover the day’s top stories in e-commerce.

The Iconic Launches First Drone Delivery

The Iconic has partnered with Wings to launch its first drone delivery service. For certain customers in Canberra, they can now receive their goods in as little as ten minutes. “We are excited to be able to offer Canberra-based Wing customers the ability to shop The Iconic, with a curated edit fro Atmos&Here and Staple Superior available at launch. This opportunity is an incredible milestone in The Iconic’s ongoing journey to define the future of retail in Australia and New Zealand. As the first major Australian retailer to pioneer three-hour delivery and trialling one-hour delivery at Fashion Week in 2018, we’ll now be the first to deliver Aussies their favourite fashion and sports brands via Wing’s drones – in as fast as ten minutes,” explained The Iconic’s COO, Anna Lee. Read the full article here.

Costco Opens First Chinese Store and Closes Due to Crowds

Costco has opened its first store in China, but it had to be shut early due to overwhelming crowd sizes. With long queues, and customers waiting hours to pay for their goods, the store had to close its doors after being open for one day. “Due to overcrowding in the market, and in order to provide you with a better shopping experience, Costco will temporarily close on the afternoon of August 27. Please avoid coming,” said a statement from Costco. The chain has had an online presence in China since 2014, but this is its first physical store in the country.

Adyen Partners with Alipay

Adyen has partnered with Alipay, owned and operated by Chinese powerhouse, Alibaba. The partnership with Alipay means that Adyen will ‘support Alibaba, operator of the world’s largest retail commerce business offering services to consumers, merchants and brands’. With this partnership in place, Adyen will facilitate payments outside of Chinese mainland for AliExpress, Taobao, Tmall and Alibaba.com as the Alibaba Group looks to enhance and streamline existing payment management operations. “Adyen’s products are built with fast-growing, fast-moving businesses like Alibaba in mind. Adyen is designed to deliver real-time, data-driven and quickly scalable payment options. Alipay can utilize Adyen’s rich insights into payment authorization to help ensure higher transaction approval rates and an elevated level of user experience for our customers. We look forward to continuing our growth trajectory with Adyen,” explained Clara Shi, the Head of Financial Institution Strategic Partnership, International Business Group at Alipay.

Catch up on yesterday’s Freshly Squeezed news here.

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