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Category: E-Tailing

Retail Asia11/04/2017
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E-Tailing

Asos posts half year profit increase

3min0
Online fashion retailer, Asos, has posted a 14 per cent increase in profits for the six months to the end of February to £27.3 million. The company saw a 31 per cent increase in sales to £889.2 million. UK retail sales rose by 18 per cent and international sales went up by 42 per cent. […]
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Retail Asia05/04/2017
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E-Tailing

Card payment compulsory soon for e-commerce businesses in Vietnam

5min0
E-commerce businesses may have to accept card payments as a way to offering more options of payment when shopping online, an official from the Ministry of Industry and Trade said. Võ Văn Quyền, director of the ministry’s Domestic Market Department, was quoted as saying that the department was studying amendments to e-commerce business which might include regulations about […]
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Retail Asia04/04/2017
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E-Tailing

Courts online offer doubles

2min0
The range of goods sold by Courts online has doubled as part of a revamp of its e-commerce business. The Singapore-based listed retail company also operates in Malaysia and Indonesia. Specialising in furniture and consumer electronics, Courts originally launched in 2012 with 7000 products. Now, through a partnership with e-commerce agency SmartOSC, the site now […]
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Retail Asia04/04/2017
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E-Tailing

Kudo to Grab in battle for Indonesian market

5min0
South-east Asia’s largest ride-hailing company Grab has bought Indonesian online payment start-up, Kudo, as the company kicks off a battle with rivals Uber and Go-Jek for market share with the first investment of a US$700 million (S$978 million) pledge in its largest market over the next four years. Grab did not disclose the value of […]
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Retail Asia01/04/2017
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E-Tailing

Amazon shutting down unprofitable Quidsi unit

2min
Amazon on Wednesday confirmed that it is shutting down its Quidsi unit, which runs websites Diapers.com and Soap.com, due to a persistent lack of profitability there. Quidsi was an Amazon rival in the US before the online retail made a $545 million deal in late 2010 to buy the startup. “We have worked extremely hard […]
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Retail Asia01/04/2017
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E-Tailing

Courts Singapore Looks to Tackle Southeast Asia’s Growing E-commerce Market

5min0
Courts has recently unveiled its plans to capitalize on the growth of e-commerce in Southeast Asia by rebuilding its online business, originally launched in 2012 with an offering of 7,000 products that has increased to 14,000 today, through a partnership with premier e-commerce agency SmartOSC. Under these new plans, Courts will further penetrate into Singapore’s […]
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Retail Asia01/04/2017
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E-Tailing

Amazon Ready to Launch in the Philippines

2min0
Amazon with exclusive affiliate partner iPrice Philippines premieres the first screenshots of the all new and exciting online shopping platform: Amazon.ph. Slated to be launched late 2017, millions of local and international products will be made available to Filipinos with same-day delivery service throughout the nation.  Maintaining the ethos of Amazon, the new e-commerce platform […]
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Retail Asia01/04/2017
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E-Tailing

Alibaba plans regional distribution hub in Malaysia

4min0
Alibaba Group has signed an agreement with the Malaysian government covering the establishment of an e-fulfillment hub in Kuala Lumpur and a one-stop online cross-border trading platform. The agreement will also include cooperation in e-payment and financing, and development of e-talent training that will fit into Malaysia’s roadmap of transformation into a digital economy. The […]
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Retail Asia30/03/2017
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E-Tailing

Amazon buys Middle East marketplace Souq.com

2min0
US e-commerce business Amazon has bought the leading online marketplace in the Middle East, Souq.com. “Joining the Amazon family will enable Souq.com to continue growing while working with Amazon to bring even more products and offerings to customers worldwide,” the US company said in a statement. Souq.com is the largest online retail and marketplace platform […]
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Retail Asia29/03/2017
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E-Tailing

Hermes promises year of ‘digital change’

2min0
French luxury retailer Hermes plans to update its digital strategy this year with an initial test run “in a small country”, according to chief executive Axel Dumas. He says 2017 will be “a year of digital change for us”, with the company’s e-commerce sales showing “significantly higher” growth rate than overall turnover. Dumas says he […]
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Retail Asia29/03/2017
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E-Tailing

Ho Chi Minh City may tax online sales next month

3min0
The city is making serious steps to collect sales taxes from small and home-based online business owners. Ho Chi Minh City’s tax department has said it will work with related departments to impose sales taxes on businesses running on Facebook and other online shopping sites. The department would submit the taxing plan to the city’s […]
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Retail Asia28/03/2017
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E-Tailing

Sesco introduces payment kiosks

5min
Sarawak Energy’s operation and retail arm Syarikat Sesco Bhd (Sesco) introduced payment kiosks to members of public on Wednesday. According to a press release, the latest initiative from the state utility company is part of its continuous innovation and to further enhance customer services for the better. The introduction of payment kiosk machines will be […]
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Retail Asia28/03/2017
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E-Tailing

Flipkart to acquire eBay India

1min0
Three days after closing a funding round of US$1 billion, Flipkart is taking steps to acquire eBay India. Insiders say eBay India will be folded into Flipkart, reports start-up specialist publication E27. After Flipkart, Amazon, Shopclues, PayTM and Snapdeal, eBay is India’s six-largest e-commerce company. Flipkart’s latest funding round involved eBay, Microsoft and Tencent Holdings, […]
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Retail Asia28/03/2017
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E-Tailing

Metail signs partnership with South Korean tech giant

5min
British fashion technology start-up Metail has signed a partnership agreement with Benit, the technology arm of South Korea’s fourth largest conglomerate Kolon. The deal means Metail’s technology, which allows consumers discover, shop and “try on” clothes online, will significantly increase its reach in the Asian market. The Kolon conglomerate has a presence throughout Asia and […]
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