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Tag: E-tailing

Retail Asia02/12/2015
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E-Tailing

Jumei doubles sales, but still in the red

3min
Jumei International, the Chinese online retailer of beauty products, has reported a sales increases of 99.9 per cent – but it still posted a quarterly operating loss. In the quarter to September 30, net revenue reached RMB1.9 billion (US$305.5 million). Total net GMV increased by 35.6 per cent to RMB2.3 billion (US$358.7 million), driven primarily […]
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Retail Asia02/12/2015
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E-Tailing

Alibaba launches Taiwan, Hong Kong venture funds

3min
China’s Alibaba has announced two venture funds to help entrepreneurs with projects who can leverage the resources of Alibaba’s ecosystem. A HK$1 billion (US$130 million) venture fund – named Entrepreneurs Fund for Hong Kong – will be managed by venture capital firm Gobi Partners. A second – Entrepreneurs Fund for Taiwan – will have initial […]
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Retail Asia28/11/2015
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E-Tailing

JD.com posts huge GMV sales increase

3min
JD.com, China’s second largest eCommerce player, has reported a 76 per cent increase in core GMV sales in the third quarter to RMB111.0 billion (US$17.5 billion). Excluding Paipai.com – which the company is closing down by the end of this year – unique customers, annual active customer accounts increased by 62 per cent to 126.9 […]
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Retail Asia27/11/2015
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E-Tailing

Vipshop sales soar

1min
Vipshop, the Chinese online discount retailer, says it boosted sales by as much as 63 per cent in the last quarter. The US-listed company says it expects revenue to be between RMB8.6 billion (US$1.349 billion)  and RMB8.7 billion ($1.365 billion). But that is less than its earlier guidance of RMB9.1 billion to RMB9.3 billion. “The […]
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Retail Asia27/11/2015
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E-Tailing

Bizpluss.in targets $20 billion sales

1min
Indian B2B eCommerce startup Bizzplus.in has added 32 suppliers from China to its portfolio, giving 50 brands direct access to its Indian business customers. And the company says it aims to become a US$20 billion turnover business within the next three years. Its next priority is to add suppliers from the UK, UAE and Europe […]
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Retail Asia27/11/2015
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E-Tailing

Paipai.com axed to fight counterfeiting

2min
China’s number 2 eCommerce player JD.com has axed its consumer to consumer online storePaipai.com in a bid, it says, to cut sales of counterfeit goods. The store will be closed by December 31 and after a transitional period of three months, the company will completely close down the website of Paipai.com. “The shutdown of the […]
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Retail Asia26/11/2015
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E-Tailing

ASOS launches mobile apps for iPhone, iPad and Android in China

4min
Developed using retail technology specialist Red Ant’s award-winning RetailOS mobile commerce accelerator, the apps are:In a first for the UK’s largest independent online fashion and beauty retailer, ASOS has launched mobile apps for iPhone, iPad and Android to the Chinese market. Fully transactional mobile app designed specifically for the 700 million-strong Chinese smartphone user market […]
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Retail Asia26/11/2015
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E-Tailing

China forecast to lead APAC in online spending

4min
China will lead the Asia-Pacific region in online spending this holiday season with $150 billion in sales forecast, new research from Adobe Digital Index reveals. China’s booming economy has led to the highest anticipated online spend in the region (55 percent), with nearly half of the country’s consumers surveyed (49 percent) predicting an increase in […]
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Retail Asia26/11/2015
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E-Tailing

iTrueMart enters Philippines, plans to invest $55 million

4min
iTrueMart, Thailand’s leading e-commerce retailer, has launched its first e-commerce site in the country, iTrueMart.ph, and targets to be the dominant local e-commerce player in two years. In 2016, the online retailer, one of the companies under Bangkok-based Ascend Group, plans to invest over USD$150 million (more than P7 billion) in the ASEAN Economic Community […]
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Retail Asia26/11/2015
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Research

What Are The Key Drivers Of Growth For Estee Lauder?

5min
Focus on the online sales channel, digital initiatives, and revival of its travel retail channel, will be the key drivers for Estee Lauder‘s (NYSE:EL)  growth in the future.  While travel retail showed tremendous growth in 2014, the slowdown in China and natural calamities had a negative impact in 2015.  Estee Lauder feels this setback is […]
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Retail Asia25/11/2015
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General

HKTDC Design Gallery Wan Chai relaunched

4min
The Hong Kong Trade Development Council has unveiled a revamped HKTDC Design Gallery shop at the Hong Kong Convention and Exhibition Centre. HKTDC executive director Margaret Fong was joined by famous Hong Kong actor Moses Chan and many of the city’s top designers at an opening ceremony yesterday. The store was created to promote products […]
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Retail Asia24/11/2015
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E-Tailing

E-commerce market on path of growth

5min
Computer and electronics, beauty and cosmetics as well as fashion are potential categories for e-commerce in Thailand. The Thai e-commerce market in 2014 was valued at Bt2.03 trillion, with business-to-business (B2B) deals worth Bt1.23 trillion, business-to-consumer (B2C) valued at Bt0.41 trillion and business-to-government (B2G) valued 0.31 trillion. Surangkana Wayuparb, the chief executive officer of Electronic […]
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Retail Asia23/11/2015
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E-Tailing

Brands, retailers the biggest losers on Singles Day

3min
While consumers reaped the rewards on Singles Day, at least one retail consultant is questioning the damage done by the US$14 billion 24-hour spendathon. “The clear winners are consumers, marketplaces and couriers and delivery companies,” explains Richard McKenzie, partner with Oliver Wyman. “However, for sellers and brand owners, the picture is less clear. “While the […]
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Retail Asia23/11/2015
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E-Tailing

Costco Korea starts selling online

3min
The American membership-only warehouse club Costco Wholesale Korea has opened its online shopping mall this week. It is the first among the Asian countries Costco has entered, and its fifth international online shopping site after the US, England, Canada and Mexico. Customers who are Costco Korea members who register online can shop online at the […]
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Retail Asia23/11/2015
E-Tailing

Kering ratchets up legal fight with Alibaba

3min
French-headquartered luxury brand owner Kering has unsuccessfully sought to fast track its legal suit against Alibaba after what it considered “greatly troubling” comments by Jack Ma. Kering, which owns Gucci and Yves Saint Laurent among others, filed suit against the Chinese eCommerce giant in May after it considered more passive efforts to get Alibaba to […]
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Retail Asia21/11/2015
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General

China’s Retail Sales Rose in October

4min
China’s total retail sales of consumer goods rose 11.0% year-over-year (or YoY) to 2.8 trillion yuan in October. The data indicated better-than-expected growth in retail sales and a slight improvement from September’s rise of 10.9%.On a year-to-date (or YTD) basis from January to October, the total retail sales of consumer goods reached 24.4 trillion yuan, […]
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Retail Asia20/11/2015
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E-Tailing

Zilingo gains seed funding for mobile-first e-store

4min
Thai startup Zilingo gives market traders an international eCommerce gateway. Zilingo is a mobile-first online marketplace that allows merchants to list their inventory, set their prices, and fulfill online orders. Users can browse through available stores and products, then order and pay with their credit card, according to a report on TechInAsia. Zilingo’s services include […]
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Retail Asia19/11/2015
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E-Tailing

Xiaomi Brand Dominates Singles Day In China

3min
Celebrated every Nov. 11, Singles Day is a tradition that dates back to 1993 which initially involved bachelors from Nanjing University who would like to go out, meet, and party with others. The celebration soon included single women and became a huge holiday in China where single individuals go out in massive meet-and-greet events. Singles […]
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