Tag: E-tailing

Retail Asia22/09/2020
101976153-alibaba-headquarters.1910x10001-1024x536.jpg
2min0
The banking software company is joining up with the Chinese internet giant on cloud-based services. The deal opens a huge new potential market for Geneva-based Temenos: it is joining Alibaba’s cloud services, the company said in a statement on Thursday. In effect, banks can adopt Temenos’ software – Transact – on the Chinese firm’s cloud infrastructure. The […]

Retail Asia29/08/2019
HondaLink-1280x960.jpg
2min0
Honda has announced it is offering Key by Amazon In-Car Delivery service for subscribers of its HondaLink Remote Services connected-car system. Through the Key by Amazon app, owners of select Honda vehicles with compatible HondaLink Remote Package and Amazon Prime membership can now opt to have their packages delivered to their vehicles. “The addition of […]

Retail Asia17/12/2018
Taobao-shop-1024x606.png
1min0
Chinese tech firm LeEco has put a Beijing shopping centre up for auction on Chinese e-commerce platform Taobao. Experiencing financial difficulties, yet determined to uphold its online trading practices, the firm has listed the 50,000sqm Beijing Shimao Gongsan Plaza at a reserve of RMB2.3 billion (US$334 million). The move follows legal action by mortgagor China […]

Retail Asia17/12/2018
alibaba-1024x757.jpg
6min0
Ever since the first Singles’ Day or 11.11 sale began in China in 2009, every year, there would be plenty of commentary explaining the phenomenon to an international audience. This doesn’t appear to be necessary any more. In its tenth edition, the event has grown into the world’s largest shopping festival where 180,000 brands participate and consumers […]

Retail Asia05/12/2018
india-ecommerce-1024x682.jpg
1min0
Indian online marketplace Shop101 is seeking to raise $11-12 million in a Series B funding round. Talks concerning the investment are being led by Kalaari Capital and Unilever Ventures, with participation expected by current backer Stellaris Venture Partners, which invested $5 million several months ago. Investment capital is likely to assist the firm in technological […]

Retail Asia04/12/2018
online-shopping-ecommerce-credit-card.jpg
1min0
The government is targeting for e-commerce to achieve an annual growth rate of 20%, from a 14.3% growth posted in 2017, via its various initiatives. Deputy International Trade and Industry Minister Dr Ong Kian Ming said e-commerce registered a continuous increase for the period of seven years to RM85.8 billion in 2017. He said the […]

Retail Asia05/04/2016
retail-shopping-mall-1024x590.jpg
7min0
Growing online sales will not undermine demand for Asian retail real estate, according to the last CBRE study of major international brands. For the seventh edition of How Active Are Retailers Globally?, the real-estate company looked at more than 150 major international brands based in Americas, Asia Pacific and EMEA (Europe, the Middle East and Africa) […]

Retail Asia01/03/2016
esprit-1024x682.jpg
4min0
Following a first half loss of HK$238 million (US$30.6 million), fashion retailer Esprit plans to prune unprofitable outlets while improving productivity. “In the very short term, we will continue to see the closure of unprofitable spaces from our retail store network and our wholesale partners’ points of sale,” the company says in its interim results […]

Retail Asia05/02/2016
Alibaba-Jack-Ma-e1404399389211.jpg
6min
Alibaba Group Holding Ltd. beat analysts’ estimates for revenue and profit after an online-sales extravaganza and expansion into rural China helped the nation’s biggest e-commerce operator defy a slowing economy. Sales rose 32 percent to 34.5 billion yuan ($5.2 billion) in the three months ended December, the company said Thursday, compared with the 33.2 billion-yuan […]

Retail Asia02/02/2016
hotping-1024x642.jpg
3min
Korean women’s clothing mall Hotping entered the global market just six months ago – and already cross-border sales account for 10 per cent of its turnover. Monthly sales to customers outside Korea have now surpassed the 100 million won (US$84,000) mark. “We believed that winning new markets quickly would secure future competitiveness after we started […]

Retail Asia07/01/2016
asia-online-shop-1024x682.jpg
1min
The total value of purchases made through mobile phones hit a record in November 2015. According data from Statistics Korea on Monday, the amount of mobile transactions surged 52.3 percent on year to W2.44 trillion (US$1=W1,190). That is almost half of the total online purchases in November, which also hit a record of W4.97 trillion, […]

Retail Asia05/01/2016
asia-online-shop-1024x682.jpg
2min
Commerce Minister Gao Hucheng (pictured) boasts online sales will reach four trillion yuan (US$16 billion) this year. China has attained the key targets (outlined in the 12th Five-Year Plan) by the end of 2015 to become a genuine giant trader, Gao said at a national meeting on commerce. As a result it has outpaced its global competitors. China is now home to over 80,000 trade markets and total retail sales of consumer goods would each 30 trillion yuan this year with consumption contributing to about 60 percent of total GDP growth, he added. In the past five years, China’s exports of goods grew at an annual average of 6.5%, with its share in the global market rising from 10.4% in 2010 to about 13.2% in 2015, faring much better than major global economies. Service trade grew over 13.6% each year,marking the world’s second largest service trader. China’s actual use of foreign capital during the 20102015 period is expected to reach $620billion with the tertiary sector taking over 60% of total foreign capital. Outbound direct investment grew at 14.2 % annually. China is expected to receive foreign direct investment worth $135 billion both in financial and non-financial sectors in 2015, according to Gao.

Retail Asia01/01/2016
online-shopping5-1024x463.jpg
7min
There are 252.4 million internet users located around Southeast Asia – and Malaysia has already emerged as the country with the third highest percentage of Internet users (67 per cent) after Singapore and Brunei. The promising internet penetration result indicates Malaysia’s enormous potential for eCommerce market growth. Leveraging on the rise of internet usage, 2015 has […]


About Retail News Asia

Retail News Asia is committed to providing local and global retailers with the latest news from the Asian retail market on a daily basis.

We have resources for everyone from independently owned business owners to online-only retailers and major chains expanding their reach throughout the Asian market. Retail News is “the news source” with over 50 weekly posts and 13,6 million readers.


CONTACT US

CALL US ANYTIME

Most read



Retail updates

Stay up to date of the lates updates and retail news from Asia.








X