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Tag: cross-border

Retail Asia06/06/2022
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Finance

Creating new cross-border opportunities post-Covid

13min0
Discover the current and upcoming shopping behaviours that will shape the future of cross-border commerce, and emerging trends that will help integrate and bring seamless shopping experiences to your customers. During the pandemic, 10 years of forecasted growth happened in the span of 90 days. This year, the global e-commerce market is expected to be […]
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Retail Asia30/11/2021
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Finance

Multi-Currency Wallet YouTrip to Grow B2B Offerings

2min0
Singapore-based YouTrip aims to scale its product offerings, including venturing into the B2B payments space, and accelerate its expansion across Southeast Asia. YouTrip has raised $30 million in a Series A funding round driven by returning investors from major Asian family offices and prominent financial technology investors, bringing its total funding since launch to $60 million, […]
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Retail Asia16/03/2021
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Finance

Hong Kong Cross-Border Wealth Scheme Delayed by Pandemic

2min0
Banks looking to capitalize on wealth management opportunities from the Greater Bay Area will have to wait until travel bans are lifted, according to the Hong Kong Monetary Authority. HKMA chief executive Eddie Yue said that the existing travel bans make it difficult to launch the ‘Wealth Management Connect’ scheme – a cross-border channel that will allow […]
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Retail Asia28/11/2018
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E-Tailing

Chinese e-commerce policy to benefit foreign sellers

3min0
The Chinese government last week announced that it will improve its e-commerce retail import policy to boost consumption. “We need to take a holistic approach, exercise prudent yet accommodating regulation to fully unleash the growth potential of cross-border e-commerce,” Li Keqiang, Premier of the State Council of the People’s Republic of China, said at a […]
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Retail Asia09/10/2018
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Finance

Singtel launches VIA cross-border mobile payment alliance

3min0
Singtel and Thai mobile affiliate AIS have jointly launched a cross-border mobile payment alliance known as VIA, introducing Singapore-Thailand cross border mobile payments in collaboration with Thailand’s Kasikornbank. Through the collaboration, Singtel and AIS will offer QR code based mobile payments through their respective mobile wallets – Singtel Dash, as well as AIS Global Pay and Rabbit Line Play. The […]
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Retail Asia01/06/2018
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E-Tailing

Chinese cross-border online market is yet to be dug out

8min0
Cross-border e-commerce is the new fashion trend in China, powered by a rising middle class and robust economic growth. With an estimated 125 million Chinese consumers purchasing $105 billion of overseas products through this channel in 2017, according to a new research report by Azoya Consulting and Frost & Sullivan. In China cross-border e-commerce is often referred […]
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Retail Asia24/05/2017
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Finance

Swift unveils industry’s first ever cross-border payments tracker

5min0
SWIFT announces today the availability of its new cross-border payments Tracker that enables international payments to be traced in real-time. The Tracker is the cornerstone of SWIFT gpi – the cooperative’s new payments innovation service – which is revolutionizing the industry by combining real-time payments tracking with the speed and certainty of same-day settlement for […]
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Retail Asia22/03/2017
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E-Tailing

Cross-border e-commerce to hit $900b by 2020

3min0
Cross-border e-commerce is now the fastest growing segment in the retail market, according to a report published by DHL Express. Cross-border sales volumes are predicted to increase at an annual average rate of 25% – from $300 billion to $900 billion – between 2015 and 2020. This is twice the pace of domestic e-commerce growth, […]
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Retail Asia23/03/2016
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E-Tailing

China Shun Ke Long Reaches Cooperation Agreement with Hengli To Advance Into Cross-Border e-Commerce

4min
China Shun Ke Long, a supermarket chain store operator in Guangdong province, entered into a cooperation agreement with Hengli Limited, the wholly-owned subsidiary of Foshan Shunde Shente Trading Limited. The Group will sell cross-border goods, general goods and imported goods through the e-commerce platform “Hellogou” (www.hellogou.com), and the retail outlets of Hengli, advancing into the […]
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Retail Asia11/03/2016
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E-Tailing

China’s cross-border online retail shows strong progress

4min
China’s cross-border e-commerce market has shown a strong growth during the six-month period ending November 2015, according to research firm Mintel. Boosted by favourable government policies and an increasing Chinese propensity for foreign goods, many Chinese consumers are now interested in buying foreign products online. Mintel’s new report ‘Haitao Retailing’ reveals that almost 58 per […]
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Retail Asia04/12/2015
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General

7-Eleven Taiwan in MyDay eCommerce partnership

2min
Taiwan’s largest convenience store chain, 7-Eleven, says it will work with local shopping website MyDay to have online purchases from overseas delivered to its 5000-plus stores around Taiwan. The convenience store introduced the delivery service on Wednesday (November 25), allowing shoppers on the MyDay website to have their purchases delivered from Japan, the US and South […]
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Retail Asia04/12/2015
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E-Tailing

Sa Sa plans new store concepts

9min
Hit by falling sales in the tourist downturn, Hong Kong beauty retailer Sa Sa plans new store concepts and diversification to restore growth. Reporting a 10.6 per cent decline in sales to HK$3.778 billion in the first half of the current year, and a 55 per cent plunge in profit to $153 million, Sa Sa […]
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Retail Asia04/11/2015
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Real Estate

Robinson Thailand plans more border stores

2min
Thai department store chain Robinson says it will open outlets in planned special economic zones to encourage cross-border trading. The Central Retail Corporation subsidiary says it will open a new Lifestyle Centre at Mae Sot in the Tak province, on the border with Myanmar. It follows a similar store which opened in Mukdahan, on the […]
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Retail Asia01/09/2015
General

Asia leading in cross-border eCom

3min
The Asia-Pacific region could by 2020 account for half the world’s cross-border eCommerce trade. Already the world’s largest market for online retailing, the rapid growth of online shopping in China alone is driving strong growth in cross-border purchasing – where consumers buy products online from other countries for shipping home. According to a new report, […]
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Retail Asia24/08/2015
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E-Tailing

China’s Jollychic.com branches into homewares

2min
Chinese eCommerce company Jollychic.com, an online global fashion destination, has unveiled a new line of homeware products called J.Home. “Increasing demand and lower prices have made Jollychic’s promotional furniture products a viable alternative for clients all around the world, according to Siwei Ma, furniture manager at JollyChic.com. “The growing public awareness about global eCommerce and […]
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Retail Asia14/08/2015
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E-Tailing

Vipshop doubles income

2min
Chinese online discounter Vipshop Holdings has doubled its profit in the second quarter to June 30. It reported total net revenue soared 77.6 per cent to US$1.5 billion, its gross profit by 78.6 per cent to $360 million and its income by 192.5 per cent to $70.6 million. Chairman and CEO Eric Shen said the […]
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Retail Asia28/07/2015
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E-Tailing

Alibaba.com reduces cross-border risk

5min
Alibaba.com has expanded a free service that offers refunds to disgruntled buyers who use the international wholesale trading platform to purchase goods from overseas suppliers. Under the B2B website’s upgraded Trade Assurance program, buyers who make purchases from participating Alibaba.com suppliers will be entitled to full refunds of their deposits, or if applicable the total […]
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