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Tag: Ascend Group

Retail Asia15/07/2016
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E-Tailing

Bangkok commerce group launches WeMall

2min0
Bangkok company Ascend Commerce has spent more than Bt300 million (US$8.555 million) branching into eCommerce by developing WeMall, which it hopes will feature more than 1000 brands next year. Ascend Group CEO Punnamas Vichitkulwongsa says the ASEAN eCommerce industry has outpaced the global growth rate. Thailand’s share of the $15 billion online retail market in […]
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Retail Asia22/04/2016
E-Tailing

Alibaba entry stirs up Thai e-commerce

4min
The recent acquisition of Lazada Group by Chinese e-commerce giant Alibaba Group poses a challenge to local online product manufacturers and retailers who anticipate a potential flood of Chinese-made products. The move by Alibaba is expected to shake up Thailand’s e-commerce market. It’s also putting more pressure on other e-commerce companies. “The number of business-to-consumer […]
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Retail Asia12/02/2016
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E-Tailing

Orders soar for iTrueMart parent

3min0
“Exceptional” growth has been reported by eCommerce provider Ascend Commerce in its latest fourth-quarter, as it seeks to draw on its winning strategy in Thailand to expand into new markets. Part of the Ascend Group, it comprises online stores iTrueMart and WeLoveShopping, which reported 65 per cent more orders for the final quarter of last […]
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