Dhaka, Sep 12 (UNB)- Local electronics brand Walton has offered 10 percent flat discounts on purchase of its air conditioners from online sales platform e-plaza during the month of September under the 'Summer Gone Offer'.
Customers can place their order for Walton ACs from eplaza.waltonbd.com with option for payment through debit or credit cards of any bank, bKash, Rocket or cash on delivery. Walton will also provide free installation for ACs on e-plaza purchase.
Md Tanvir Rahman, Executive Director and CEO of Walton AC, said that “The demand for Walton AC has increased in the local market this year. Walton has posted 122 percent growth on ACs sales since January to August this year compared to the same period of last year. Walton now tops the local AC market with 22 percent market share.”
He also said that the customers in the country as well as anywhere in the world can purchase all kinds of Walton products from e-plaza. The products purchased from e-plaza are being delivered to the customers from its 338 outlets Walton Plazas across the country.
Currently, 15 different models of Walton split ACs weighing 1, 1.5 and 2 tons are available on e-plaza which can be purchased at Tk 33,210 to Tk 68,760 at discounted rate.
Walton is also providing six months replacement guarantee for ACs with 10-year warranty for inverter AC compressors.
Dhaka, Sep 12 (UNB)- Anis Ul Alam, a businessman in Chattogram received Tk 10 lakh for registering his newly purchased freezer under the offer titled ‘Who will be Today’s Millionaire’ of the nationwide ongoing ‘Walton Digital Campaign Season 4.’
Anis purchased a freezer from VIP Electronics at East Nasirabad in Chattagram, a sub-dealer of Walton’s distributor in Agrabad ‘KSTL Enterprise’ and registered with his cell number. After a while, he received a message from Walton with the information of getting Tk 10 lakh.
From the same showroom, another customer Md Ohidur Rahman, senior medical promotional officer of a private pharmaceutical, got Tk 1 lakh through buying a refrigerator.
Walton Group’s Executive Directors Uday Hakim and Ariful Ambia handed over the cheques worth of Tk 10 lakh and Tk 1 lakh to Anis Ul Alam and Md Ohidur Rahman respectively at ‘KSTL Enterprise’ in Agrabad, Chattagram on Sunday last (September 8).
The event was also attended, among others, by local businessmen Kazi Monsur Uddin and Rezaul Kabir, local Awami League leader Salauddin and KSTL Enterprise distributor Abdul Kader Khan.
Expressing reaction over the award of Tk 10 lakh after buying Walton freezer, Anis said, “It’s very interesting. When I heard about companies offer, I had thought that general customers do not get that. But, when I got message of getting Tk 10 lakh from Walton, I didn’t believe it. But later, I believed as the showroom manager confirmed it coming to my house.”
Anis said “Walton is our pride,” adding that one decade ago the local electronics sector was fully import-oriented. Now Walton has reduced the import-dependency as well as created a great opportunity for the local customers in getting world-class goods at reasonable prices.
Walton is making customers’ database with the aim of providing best after sales services swiftly through online and conducting digital campaign season-4 across the country.
A good number of customers received Tk 10 lakh and Tk 1 lakh, sure cash vouchers and different sorts of Walton products as free through registering their new refrigerators just after the purchase from any Walton Plaza or distributor outlet.
Dhaka, Sep 11 (UNB) - Islami Bank Bangladesh Limited inaugurated its Seba Ghar with Cash Recycling Machine (CRM) facilities at Chawk Mugoltolly in Dhaka recently.
Md. Mahbub ul Alam, Managing Director & CEO of the bank inaugurated the Sheba Ghar as chief guest. Abu Reza Md. Yeahia, Deputy Managing Director of the Bank, Mohammed Younus, Managing Director of Younus Group and Abul Faiz Muhammad Kamaluddin, Executive Vice President spoke at the program as special guests.
Presided over by Md. Motiar Rahman, Senior Executive Vice President and Head of Dhaka Central Zone, Md. Anisul Haque, Executive Vice President & Head of Chawk Mugoltolly branch gave the welcome speech, said a press release.
Businesspersons, local elites, clients, well-wishers and Branch officials attended the programme.
Beijing, Sep 10 (AP/UNB) — Alibaba Group founder Jack Ma, who helped launch China's online retailing boom, stepped down as chairman of the world's biggest e-commerce company Tuesday at a time when its fast-changing industry faces uncertainty amid a U.S.-Chinese tariff war.
Ma, one of China's wealthiest and best-known entrepreneurs, gave up his post on his 55th birthday as part of a succession announced a year ago. He will stay on as a member of the Alibaba Partnership, a 36-member group with the right to nominate a majority of the company's board of directors.
Ma, a former English teacher, founded Alibaba in 1999 to connect Chinese exporters to American retailers.
The company has shifted focus to serving China's growing consumer market and expanded into online banking, entertainment and cloud computing. Domestic businesses accounted for 66% of its $16.7 billion in revenue in the quarter ending in June.
Chinese retailing faces uncertainty amid a tariff war that has raised the cost of U.S. imports.
Growth in online sales decelerated to 17.8% in the first half of 2019 amid slowing Chinese economic growth, down from 2018's full-year rate of 23.9%.
Alibaba says its revenue rose 42% over a year earlier in the quarter ending in June to $16.7 billion and profit rose 145% to $3.1 billion. Still, that was off slightly from 2018's full-year revenue growth of 51%.
The total amount of goods sold across Alibaba's e-commerce platforms rose 25% last year to $853 billion. By comparison, the biggest U.S. e-commerce company, Amazon.com Inc., reported total sales of $277 billion.
Alibaba's deputy chairman, Joe Tsai, told reporters in May the company is "on the right side" of issues in U.S.-Chinese trade talks. Tsai said Alibaba stands to benefit from Beijing's promise to increase imports and a growing consumer market.
Alibaba is one of a group of companies including Tencent Holding Ltd., a games and social media giant, search engine Baidu.com Inc. and e-commerce rival JD.com that have revolutionized shopping, entertainment and consumer services in China.
Alibaba was founded at a time when few Chinese were online. As internet use spread, the company expanded into consumer-focused retailing and services. Few Chinese used credit cards, so Alibaba created the Alipay online payments system.
Ma, known in Chinese as Ma Yun, appears regularly on television. At an annual Alibaba employee festival in Hanzhou, he has sung pop songs in costumes that have included blond wigs and leather jackets. He pokes fun at his own appearance, saying his oversize head and angular features make him look like the alien in director Steven Spielberg's movie "E.T. The Extraterrestrial."
The company's $25 billion initial public offering on the New York Stock Exchange in September 2014 was the biggest to date by a Chinese company.
The Hurun Report, which follows China's wealth, estimates Ma's fortune at $38 billion.
In 2015, Ma bought the South China Morning Post, Hong Kong's biggest English-language newspaper.
Ma's successor as chairman is CEO Daniel Zhang, a former accountant and 12-year veteran of Alibaba. He previously was president of its consumer-focused Tmall.com business unit.
Alibaba's e-commerce business spans platforms including business-to-business Alibaba.com, which links foreign buyers with Chinese suppliers of goods from furniture to medical technology, and Tmall, with online shops for popular brands.
Alipay became a freestanding financial company, Ant Financial, in 2014. Alibaba also set up its own film studio and invested in logistics and delivery services.
Ma faced controversy when it disclosed in 2011 that Alibaba transferred control over Alipay to a company he controlled without immediately informing shareholders including Yahoo Inc. and Japan's Softback.
Alibaba said the move was required to comply with Chinese regulations, but some financial analysts said the company was paid too little for a valuable asset. The dispute was later resolved by Alibaba, Yahoo and Softbank.
Corporate governance specialists have questioned the Alibaba Partnership, which gives Ma and a group of executives more control over the company than shareholders.
Ma has said that ensures Alibaba focuses on long-term development instead of responding to pressure from financial markets.
Yokohama, Sep 9 (AP/UNB) — Nissan Chief Executive Hiroto Saikawa tendered his resignation Monday after acknowledging that he had received dubious income and vowed to pass the leadership of the Japanese automaker to a new generation.
Board member Yasushi Kimura told reporters at an evening news conference at company headquarters in Yokohama that the board has approved Saikawa's resignation, effective Sept. 16, and a successor will be appointed next month. A search is underway, he added.
Calls for Saikawa's resignation, which arose after the arrest last year of his predecessor, Carlos Ghosn, on various financial misconduct allegations, have grown louder after Saikawa acknowledged last week that he had received dubious payments.
The income was linked to the stock price of Nissan Motor Co., and he has said his pay got inflated by illicitly adjusting the date for cashing in.
The automaker's board met to look into the allegations against Saikawa, as well as other issues related to Ghosn's allegations and corporate ethics at the company.
Kimura said the income Saikawa had received was confirmed as "not illegal."
Ghosn, who is out on bail and awaiting trial, says he's innocent.
Kimura and three other board members, who all have backgrounds outside the company, said their investigation of the scandal over Ghosn's arrest found that alleged misconduct by Ghosn and Greg Kelly, a former board member who was also arrested, had caused 35 billion yen ($350 million) in damage to the company.
Nissan will seek a repayment of the damages, Kimura said.
The board said about 10 candidates are being considered as a replacement for Saikawa. They did not identify them, but said outsiders and non-Japanese are on the list. Until a successor is decided, Chief Operating Officer Yasuhiro Yamauchi will serve as interim chief, the board said.
Saikawa has not been charged.
"I have been trying to do what needs to be done so that I can pass the baton over as soon as possible," he told reporters earlier in the day, referring to his willingness to leave his job.
Saikawa did not appear at the news conference initially, but the four board members who led the event said he would later.
Saikawa has said he didn't know about the improprieties, promised to return the money and blamed the system he said Ghosn had created at Nissan for the dubious payments.
Japanese media reports said Saikawa had received tens of millions of yen (hundreds of thousands of dollars) in extra compensation.
Ghosn has been charged with falsifying documents on deferred compensation, which means he did not receive any of the money.
Nissan's profits and sales have tumbled over the past year. Investors are also worried about Nissan's relationship with alliance partner Renault SA of France, which owns 43% of Nissan. Ghosn was sent in by Renault to lead Nissan two decades ago.