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Category: E-Tailing

Retail Asia08/11/2016
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E-Tailing

First Cross-Border Rewards Platform UTU Launches

9min0
Father and son team Asad and Ameer Jumabhoy from tourist VAT refund and payments technology company The Scotts Group, and Jeremy Tan, an expert in financial technology, mobile payments and loyalty platforms from Korvac Holdings, announce the launch of UTU, a cross-border loyalty and rewards platform that enables people to convert, earn and redeem points […]
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Retail Asia03/11/2016
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E-Tailing

Alibaba momentum builds ahead of Singles Day

3min
Despite its already significant scale, Alibaba continues to grow rapidly, thanks in part to its acquisitions of Chinese video site Youku Tudou and e-commerce business Lazada. Much like Amazon, the e-marketplace’s success this quarter was tethered by strong support from its cloud computing operations, which increased 130% year-over-year to RMB1,493 million (US $224 million). “Beyond the […]
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Retail Asia03/11/2016
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E-Tailing

Nokia to supply Globe Telecom in the Philippines

5min
Nokia and Globe Telecom, a leading telecom operator in the Philippines, on 24 October signed two Memoranda of Confirmation frame agreements – one for wireless technologies and the other for IP, Optical and SDN technologies – under which Nokia will transform Globe Telecom’s current fixed and mobile networks into a more robust network that will […]
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Retail Asia02/11/2016
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E-Tailing

Samsung Pay to expand to Malaysia, Thailand

3min0
Samsung Electronics has confirmed Samsung Pay Thailand will make its debut before the end of this year. Thailand, Malaysia and Russia are three of 10 new markets where the payment technology will be introduced. Samsung Pay has also announced a global partnership with MasterCard to offer a simplified online payment and express checkout solution through […]
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Retail Asia01/11/2016
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E-Tailing

Alibaba tipped to record solid quarterly revenue growth

6min
Alibaba Group Holding, the world’s largest e-commerce company, is expected to report another strong quarter of sales in the three months to September 30, as its preparations intensify for the Singles’ Day online shopping festival next week. Analysts estimated New York-listed Alibaba’s total second-quarter revenue for its fiscal year that ends March would increase about […]
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Retail Asia31/10/2016
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E-Tailing

Pomelo boosts funding to $11m

2min0
Thai online fashion retailer Pomelo has raised a follow-on round, bringing its total Series A funding to US$11 million. This round was again led by Singapore-based Jungle Ventures, with participation from existing investors and new contributors including 500 Tuk Tuks (a fund of major venture capitalist 500 Startups), Andre Hoffmann and Jonathan Price. Pomelo says […]
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Retail Asia31/10/2016
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E-Tailing

Big C Vietnam closes Cdiscount

2min0
Big C Vietnam says it will close its eCommerce site Cdiscount by the end of December. The closure appears to be part of a policy change from Thailand’s Central Group after it bought the supermarket chain in April in a US$1.14 billion deal. The company will soon change the chain’s name and it has other […]
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Retail Asia30/10/2016
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E-Tailing

Ride-hailing app Grab brings GrabBike services to Bali

2min0
Watch out Gojek, competitor GrabBike has come to Bali. Ride-hailing app Grab has announced that it launched both GrabBike and GrabExpress services in Bali, as of Oct. 22.  Like Gojek, GrabBike allows you to order motorbike taxis, while GrabExpress is Grab’s courier service. Also in common with Gojek, the app’s drivers use black and green colors. […]
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Retail Asia30/10/2016
E-Tailing

Amazon bans most ‘incentivized’ reviews

2min
Amazon.com is prohibiting most reviews made in exchange for free or discounted products, part of a wider campaign to bolster consumer confidence in its rating system. Sellers and brand owners have long used these so-called “incentivized” reviews as a way to get word out on their products, and until now they had been tolerated by […]
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Retail Asia30/10/2016
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E-Tailing

Lazada in talks to buy Redmart for rumored $30m to $40m

2min0
Southeast Asia ecommerce portal Lazada is reportedly in talks to buy online grocery provider Redmart. The acquisition amount is said to be around US$30 million to US$40 million, which if true, is in the low range given it raised US$26.7 million last year. Redmart had apparently held unsuccessful talks with supermarket chain NTUC and Singapore sovereign […]
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Retail Asia29/10/2016
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E-Tailing

Kakao food-delivery service planned

2min0
Korean internet company Kakao, known for its chat app KakaoTalk, plans to jump into the food-delivery sector. The Kakao food-delivery service is planned for launch by January, and it is expected to be incorporated into the app, which has four menu buttons. One of them lists extra services such as sending gifts or making reservations. […]
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Retail Asia27/10/2016
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E-Tailing

Lotte to launch Lotte.vn in Vietnam

2min0
Korean retailer Lotte is entering the Vietnam eCommerce market with Lotte.vn after six months’ preparation. By launching its first online shopping website on October 28, the Korean retailer is expecting to acquire 20 per cent of the online market. And it sees Lotte.vn as completing the full spectrum of retail services: physical stores, TV shopping, […]
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Retail Asia27/10/2016
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E-Tailing

‘Astonishing growth’ for Chinese FMCG market

8min0
The Chinese FMCG market online has shown “astonishing growth” according to a report by global consulting firm OC&C Strategy Consultants. In 2010, the market was worth just US$1.4 billion – today it has exceeded $25.3 billion according to data from Euromonitor. It has far surpassed any other country in the world and is about twice […]
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Retail Asia24/10/2016
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E-Tailing

Retailers get boost with halal e-market

4min
An e-commerce marketplace specialising in halal goods and services was launched here yesterday, giving small and medium-sized enterprises (SMEs) a leg up in an increasingly competitive environment. With nearly 60 merchants on board, including 55 SMEs, the launch of Aladdin Street gels with the Government’s push for retail firms to use e-commerce to reach out […]
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Retail Asia24/10/2016
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E-Tailing

Apple, Deloitte enter mobile business tie-up

2min0
Apple and Deloitte has entered into a partnership to help companies transform the way they work by taking advantage of the iOS platform. As part of the joint effort, Deloitte is creating a first-of-its-kind Apple practice with over 5,000 strategic advisors who are solely focused on helping businesses change the way they work across their […]
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Retail Asia24/10/2016
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E-Tailing

Walmart makes another big move in China

3min
Walmart has made another big e-commerce investment in China. On the heels of launching three major e-commerce initiatives in China, Walmart will invest $50 million in New Dada — China’s largest local on-demand logistics and grocery online-to-offline (O2O) e-commerce platform. Walmart’s newest investment further extends its agreement with JD.com, which uses New Dada’s network to […]
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Retail Asia21/10/2016
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E-Tailing

Cashless push stimulating APAC m-payment market

3min0
A top down regulatory push toward cashless societies will stimulate exponential growth in the mobile payment market in Asia-Pacific (excluding China and India), which will surge from $71.92 billion to $271.47 billion by 2021, research from Frost & Sullivan indicates. According to the research firm, the number of active customers will also double to 130.8 […]
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