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Category: E-Tailing

Retail Asia13/02/2017
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E-Tailing

iFashion Group acquires lifestyle marketplace Megafash

2min
Singapore-based lifestyle venture platform, iFashion Group, announced today it has acquired Singaporean independent designer brands marketplace Megafash for S$3.5 million (US$2.23 million), in a cash and shares deal. iFashion group also appointed Jeremy Khoo, the CEO and founder of Dressabelle – an O2O fashion marketplace that it acquired last year for S$7.5 million (US$5.5 million) – as its […]
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Retail Asia13/02/2017
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E-Tailing

Samsung Pay Service Comes To Thailand

3min
Similar to Android Pay from Google and Apple Pay from Apple, Samsung Pay works like other mobile payment platform by using NFC. Samsung Pay, which was made to build brand loyalty from consumers allows users to pay for things online with their smartphone or smartwatch. Samsung has fully unveiled the Samsung Pay in the Thailand. The […]
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Retail Asia11/02/2017
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E-Tailing

SmartBuyGlasses opens Kennedy Town store

4min0
Online eyewear retailer SmartBuyGlasses has opened a physical store at Kennedy Town. Located beside the suburb’s MTR station, the store displays and sells well-known designer brands of eyewear. The store, the first in Hong Kong, marks a step from online to offline which the company’s co-founder David Menning describes as “an exciting new chapter for […]
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Retail Asia10/02/2017
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E-Tailing

Wal-Mart Stores boosts JD.com stake

2min0
American retail giant Wal-Mart Stores has further increased its stake in China’s second-largest eCommerce firm JD.com. It now has a 12.1 per cent shareholding, up from 10.8 per cent, and comes about three months after the Arkansas-based retailer disclosed it had almost doubled its holding in JD.com from 5.9 per cent. Like Amazon, a large […]
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Retail Asia09/02/2017
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E-Tailing

Global e-commerce: How to win with shoppers in China

7min
With a population of roughly 1.3 billion people, China offers unprecedented growth opportunities for retailers looking to conduct business internationally. China’s National Bureau of Statistics reported last month that online retail sales in China grew 26.2% in 2016 to $752 billion. That’s more than 40 percent of all online sales around the world. The e-commerce […]
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Retail Asia09/02/2017
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E-Tailing

Singapore-based ecommerce enabler Shopmatic is striving to get Indians sell their wares online

6min
It took just one year for Anurag Avula to realise that India is an investment market. “That’s the top learning from India,“ confesses cofounder and CEO of Singapore-based ecommerce enabler Shopmatic, which forayed into the country in January 2016. However, investment for Avula doesn’t mean pumping in millions of dollars. “You need to invest in […]
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Retail Asia07/02/2017
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E-Tailing

Clothing shoppers prefer stores

3min0
Shopping in-store is still the dominant means of buying apparel in Asia-Pacific, according to the latest study from research company YouGov. A poll of 9037 people across the region in December reveals that more than 79 per cent have shopped in a physical store in the past year. This is particularly prevalent for Hong Kong, […]
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Retail Asia04/02/2017
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E-Tailing

AS Watson to inject $70m in Canadian AI startup

2min
Hong Kong-based retailer A.S. Watson Group said on Thursday it will spend $70 million over the next three years in big data technologies, including investment in a Canadian artificial intelligence venture company. A.S. Watson will consolidate its customer data holdings into a big data analysis system for retailers developed by Rubikloud to optimize sales promotion activities […]
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Retail Asia03/02/2017
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E-Tailing

Foreign funds pour money into Vietnamese startups

4min0
John Wu has been the ‘technology pillar’ of Alibaba for almost 10 years. The former technology director and a leading group of investors have poured nearly $3 million into Vntrip.vn – a Vietnamese startup operating in online hotel reservations. Le Dac Lam, the founder and CEO of the startup, has confirmed the news. “The investment […]
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Retail Asia03/02/2017
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E-Tailing

Players continue to come and go in Vietnam’s ecommerce

6min0
In Vietnam today there are three popular e-commerce models: C2C (which connects customers to customers), B2C (business to customer) and Marketplace (which provides a platform to process transactions). In the pure C2C model, similar to classified advertisements which connects the buyers and the sellers only in terms of information, chotot.vn remains the most prominent. However, […]
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Retail Asia03/02/2017
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E-Tailing

Grab rides up Indonesia with $700M investment

5min0
Grab has announced plans to invest US$700 million in Indonesia over the next four years, as part of efforts to increase its footprint in a market where it has seen growth. The Southeast Asian ride-sharing operator said Thursday the new investment would support the Indonesian government’s ambition of becoming the region’s largest digital economy by […]
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Retail Asia02/02/2017
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E-Tailing

E-commerce in Japan: 20% of retail by 2022

3min0
While the U.S. and China are already known as global e-commerce markets, it’s Japan that boasts the largest e-commerce potential, especially over the next three to five years, say two separate consultant groups. In 2015, Japan generated roughly $80 billion in e-commerce sales. This compares to some $350 billion of e-commerce sales in the U.S. […]
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Retail Asia01/02/2017
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E-Tailing

BMW and Daimler may combine forces to compete with Uber

2min0
Automakers have been dabbling in the ride-sharing industry, but Uber remains the titan to beat. In true “Power Rangers” fashion, two automakers are reportedly forming a Megazord of ride-sharing in order to bring the fight to Uber’s doorstep. BMW and Daimler may combine their ride-sharing efforts to better compete with Uber, citing sources speaking to […]
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