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Category: E-Tailing

Retail Asia27/03/2017
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E-Tailing

Lazada on mission to spur e-commerce

5min
As Lazada celebrates its fifth year in the Philippines, the people behind Southeast Asia’s largest online marketplace are embarking on a mission: to make the country one of the “dominant players” in the global e-commerce industry. “In terms of Facebook penetration, the Philippines is No. 1 in the world. There are 57 million Facebook accounts—why […]
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Retail Asia25/03/2017
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E-Tailing

Facebook launches new shopping format

3min0
Global brands Adidas and Tommy Hilfiger are among the first names to use Facebook’s newly launched shopping ad format, which incorporates creative media into product pages when selling. The social media giant said the new platform, dubbed ‘collection’, increases the “likelihood of discovery and a purchase” by featuring a primary creative video or image above relevant […]
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Retail Asia24/03/2017
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E-Tailing

MyTheresa.com takes aim at Korea

1min0
European luxury online retailer MyTheresa.com is launching a Korean-language site. Selling luxury womenswear and accessories from such brands as Chloe, Gucci, Miu Miu and Stella McCartney, the e-tailer says it has seen “huge growth potential” in South Korea. “The Korean luxury market is moving quickly to digital. Ever since our first activities in Korea we […]
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Retail Asia24/03/2017
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E-Tailing

China’s online retail market is expected to reach RMB 1.3 trillion in 2021

5min0
Despite rapid growth in recent years, the Haitao market is expected to peak within China’s overall online retail market. New research from Mintel reveals that in China the total combined online cross-border e-commerce market, including Business-to-Business and Business-to-Consumer e-commerce, grew by a factor of 10, from RMB 53 billion in 2011 to an estimated RMB […]
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Retail Asia24/03/2017
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E-Tailing

India’s Flipkart closes $1 billion funding round

1min0
Indian e-commerce giant Flipkart has closed a US$1 billion funding round, with plans to raise an equal amount over the next few months. Investors who have contributed to this round include eBay, Microsoft and Tencent Holdings, Bloomberg reports. The funding comes at a valuation of $10 billion, up from $5.39 billion when its minority investor […]
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Retail Asia24/03/2017
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E-Tailing

Tencent Holdings revenues soar 48 per cent

3min0
Revenues for Chinese internet value-added services provider Tencent Holdings grew by 48 per cent last year. Total revenues reached RMB151.94 billion (US$21.9 billion), its audited consolidated results show. Tencent’s operating profit was RMB56.117 billion, up 38 per cent over 2015, while its operating margin decreased from 39 to 37 per cent. Profit for the year […]
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Retail Asia23/03/2017
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E-Tailing

GoToMalls.com expands to Indonesia

1min0
Singapore-based company DominoPos has launched its proximity marketing and digital media platform GoToMalls.com in Indonesia. Offering a geo-located, profile-based smart directory of malls and stores in Indonesia, the website aims to revive offline transactions, “bringing the community’s spirit back to the malls through digital media support”. CEO Bruno Zysman says the platform helps offline retail […]
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Retail Asia23/03/2017
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E-Tailing

Lazada launching website to sell Taobao products to Singapore shoppers

3min
Alibaba’s bringing its teeming Taobao internet marketplace to Singapore. Alibaba Group Holding and Lazada Group are teaming up to sell select Taobao products direct to shoppers in the affluent island-state, striking their first partnership since the Chinese company took control of Southeast Asia’s largest e-commerce operator a year ago. Lazada is launching a dedicated website that […]
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Retail Asia23/03/2017
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E-Tailing

Tencent brand is still China’s most valuable

3min0
Chinese technology giant Tencent remains China’s most valuable brand, growing its worth 29 per cent to US$106 billion, according to the BrandZ top 100 most valuable Chinese brands report. It shows that technology brands continued to lead the way, with the Tencent brand strengthening its hold on the top spot thanks to the popularity of […]
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Retail Asia23/03/2017
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E-Tailing

E-commerce firms struggle to gain profits

4min0
Large international e-commerce firms such as Amazon and Alibaba only began making profits after 10 first years of operation. The big losses of Vietnam’s e-commerce firms were foreseeable. Before it was taken over by Alibaba in 2016, Lazada Group reported loss of $334 million in 2015, twice as much as the loss the year before. […]
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Retail Asia23/03/2017
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E-Tailing

Retail IoT connections to more than treble by 2021

3min0
Retail IoT connections will rise 350 per cent by 2021 according to new data from Juniper Research. The UK-based company predicts retailers will connect 12.5 billion business assets to IoT platforms by then, ranging from products to digital signs and Bluetooth beacons. That compares with an estimated 2.7 billion connections in 2016. Juniper also predicts […]
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Retail Asia22/03/2017
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E-Tailing

Lotte Department Stores take in online retailers

2min0
Online retailers in Korea are set to open 13 outlets at Lotte Department Store branches in the next three months. “Online brands are continuously expanding into offline stores to raise their brand value and to receive real-time feedback from consumers,” says Lotte Department Store. Statistics Korea says online sales of apparel and fashion-related items have […]
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Retail Asia22/03/2017
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E-Tailing

Subscribe to Food launches in Singapore

2min0
Just launched in Singapore, Subscribe to Food is an e-commerce subscription service that offers food and wine products for consumers. Upon launch, the service acquired e-commerce start-ups The Frank Food Company and WineMasons. Philip Raff, who is also executive director of Velocity Property Group, out of Australia, led the investment group and acquisition of the […]
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Retail Asia22/03/2017
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E-Tailing

Matsuya opens its own online store in China

1min0
Luxury Japanese department store Matsuya has opened its own online store in China. The company plans to use the store to lure repeat business from Chinese shoppers who have visited its Ginza flagship while on vacation, once they return home. Inbound Chinese travellers account for about 20 per cent of Matsuya’s store sales. Prior to […]
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