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Category: E-Tailing

Retail Asia06/12/2016
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E-Tailing

Retail e-commerce small but growing in Vietnam

5min0
However, growth is expected over the next few years as increasing numbers of young consumers go online for the first time, largely through smartphones, said speakers at the conference. Deputy Minister Ho Thi Kim Thoa of the Ministry of Industry and Trade (MOIT) told the conference participants he has set a target to grow e-commerce […]
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Retail Asia02/12/2016
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E-Tailing

Grab launches e-money service GrabPay Credits

1min0
Ride-hailing app operator Grab has expanded into the e-money business in Southeast Asia. Singapore-based Grab this week unveiled a cashless mobile payment service called GrabPay Credits, which lets consumers store cash credits on its smartphone app. Singapore and Indonesia will be the initial test markets before the concept is rolled out in Malaysia, Thailand, Vietnam […]
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Retail Asia01/12/2016
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E-Tailing

Thai univeristy opens Alibaba e-commerce training center

2min0
The University of the Thai Chamber of Commerce (UTCC) has become an authorized Alibaba e-commerce training center in Thailand. Both organizations said they will work to accelerate e-commerce growth in Thailand and help Thai SMEs position themselves in the global market. Several collaborative programs, including training the trainers, have already been implemented. A team of […]
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Retail Asia30/11/2016
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E-Tailing

Groupon Malaysia sold to local startup

5min0
Ever-shrinking deal site Groupon has exited another market – this time selling its Malaysia business to KFit Group. KFit, in which Groupon is an investor, had already acquired the Groupon Indonesia business. “With our Indonesian business achieving nearly double growth since our acquisition, we are confident that the same growth principles will bring an exciting […]
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Retail Asia29/11/2016
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E-Tailing

More shoppers spend less in Black Friday

2min0
More shoppers spent less on Black Friday in the US – and more was spent online than ever before. Those are the key take-outs from the three day long shopping extravaganza, which is being followed up by Cyber Monday giving Americans a second chance at scoring shopping bargains. But perhaps the biggest trend this year […]
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Retail Asia28/11/2016
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E-Tailing

Rakuten drone delivery system launched

2min0
Japanese eCommerce giant Rakuten and its two partners – Docomo and Autonomous Control Laboratory – have trialled a drone-based delivery system. The Rakuten drone delivery system uses Docomo’s LTE mobile network when a customer places an order via a smartphone. The last experiment in the National Strategic Special Zone of Chiba city saw the cargo […]
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Retail Asia26/11/2016
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E-Tailing

Sa Sa profits dive

5min0
Sa Sa profits took a hit of 37.3 per cent for the six months to September 30. The Hong Kong-listed beauty products retailer’s interim results show turnover easing by 4 per cent to HK$3.628 billion (US$467.7 million) for the period, with retail sales in Hong Kong/Macau decreasing by 3.6 per cent to HK$2.9032 billion. Profit […]
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Retail Asia25/11/2016
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E-Tailing

Cybercrime rising Asia as cashless payments rise

5min0
Cashless payments are growing rapidly in Asia-Pacific and so is cybercrime, costing the region an estimated $US 81 billion. With new combinations of malware customised for local markets, phishing and social engineering attacks as well increasing e-commerce and ATM fraud, businesses are increasingly at risk for payment data theft, according to the PCI Security Standards […]
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Retail Asia25/11/2016
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E-Tailing

Meet China’s online super-consumers

9min0
Like many college students in China, Song Yang buys most of the things she needs for daily life by shopping on the internet. But while her peers have to satisfy the urge to splurge with the occasional new smartphone or pair of branded sneakers, Song doesn’t worry much about living on a student’s budget. A […]
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Retail Asia25/11/2016
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E-Tailing

Tmall flagship store for Cosmax

1min0
South Korean cosmetics developer/manufacturer Cosmax Inc is to run an online flagship store on China’s Tmall.com. It has signed an agreement with online retail giant Alibaba Group Holding to establish the eCommerce platform to distribute Korean beauty products across China. Under the contract, Cosmax will be Korea’s first multi-shop dealer for various cosmetics brands on […]
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Retail Asia25/11/2016
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E-Tailing

Vipshop adds customers, but margin narrow

3min0
Chinese online discount business Vipshop reports rising revenues but narrower margins during the third quarter. The New York-listed eCommerce player says its total net revenue increased by 38.4 per cent to RMB12 billion (US$1.8 billion), primarily attributable to a 43 per cent year-on-year increase in the number of active customers to 20.8 million and a […]
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Retail Asia25/11/2016
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E-Tailing

China’s Ctrip is buying flight search company SkyScanner

4min0
Skyscanner, the Scotland-based flight search company, has been acquired by Chinese online travel giant Ctrip for £1.4 billion, or approximately $1.74 billion. The deal is predominantly cash and is expected to close before the end of this year. Once completed, SkyScanner will operate independently of Ctrip, both parties confirmed. Ctrip was founded in 1999, and it […]
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Retail Asia24/11/2016
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E-Tailing

Dah Makan hoping venture capitalists delive

2min0
Seeking to upgrade technology and improve the user experience, Malaysian food-delivery startup Dah Makan is working on a larger funding round with global venture-capital firms. Dah Makan raised $320,000 from two angel investors in a seed round more than a year ago and has since grown to cover about 80 per cent of the Klang […]
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