Tag: etail

Retail Asia02/09/2021
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4min0
Global online retailer Amazon and South Korean e-commerce platform 11st launched the Amazon Global Store on 11st on Tuesday. The move has made it easier to buy tens of millions of products available on Amazon’s US website, ranging from PCs, toys and fashion to electronics, with free shipping on orders over 28,000 won ($24). Though […]

Retail Asia01/09/2021
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5min0
Pattern recently hosted a virtual round table that focused on consumer behaviors, beliefs and actions when it comes to Amazon Australia. Since entering the Australian market in December 2017, Amazon has seen tremendous growth in both its gross revenue and their consumer following according to our 2021 Amazon Shopper Report. Hosted by Pattern Australia’s General Manager, Merline […]

Retail Asia25/08/2021
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8min0
E-commerce player Lazada, which is now majority-owned by Alibaba, is confident that its expertise in Southeast Asian markets can counter the looming threat from Amazon’s much-anticipated entry into the region, a top executive said. Last year, TechCrunch reported that Amazon had planned to launch local e-commerce services in Singapore in the first quarter of 2017. But earlier this […]

Retail Asia19/08/2021
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4min0
JD.com launched its biggest ever 3,000-square-meter exhibition at the China Digital Entertainment Expo & Conference, a.k.a ChinaJoy2021, which is taking place from July 30 to August 2 in Shanghai. The exhibit is designed to showcase the latest gaming industry trends, what motivates China’s Gen-Z consumers, as well as the tremendous marketing opportunities arising from these […]

Retail Asia17/08/2021
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1min0
E-commerce platform Tiki has raised $20 million from telecom operator Taiwan Mobile in return for a 2.7 percent stake in Tiki Global. The Series E funding deal values the Vietnamese company at $740 million, with Tiki having secured $94 million in the series within this month alone. Before the Series E, foreign investors held a […]

Retail Asia13/08/2021
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2min0
South Korean e-commerce company Coupang has reported surging revenues and profits on higher active customers during its 15th consecutive quarter of growth above 50 percent. But the company is still battling to stem losses thanks to investment into new business activities. Total net revenues rose 71 percent on a reported basis, or 57 percent on […]

Retail Asia04/08/2021
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3min0
China’s Alibaba Group Holding missed analyst estimates for first-quarter revenue on Tuesday, as its e-commerce business was hurt by rising competition from smaller players such as JD.Com and Pinduoduo I. Alibaba’s results mirror those of e-commerce giant Amazon.com in the United States, as the easing of pandemic-related restrictions has led to more consumers visiting physical stores […]

Retail Asia27/07/2021
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2min0
Vietnam is set to delay an online tax on e-commerce vendors by five months to support economic recovery amid severe Covid-19 impacts. The Ministry of Finance has proposed to the government that the implementation of Circular 40 be postponed until January 1, 2022, Minister Ho Duc Phoc said Sunday. The circular was to take effect […]

Retail Asia26/07/2021
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6min0
An Indian court on Friday dismissed appeals by Amazon.com and Walmart’s Flipkart that sought to stall an antitrust investigation into their business practices, dealing a major setback to the U.S. firms in a key market. The Competition Commission of India (CCI) last year ordered an inquiry after allegations from brick-and-mortar retailers that the U.S. firms promoted […]

Retail Asia09/07/2021
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1min0
Indonesia’s Bukalapak launched an up to $1.13 billion IPO ahead of next month’s listing, marking the country’s biggest issue in over a decade amid rising investor appetite for tech stocks in a region boasting a growing consumer class, according to a term sheet seen by Reuters. The e-commerce company, which counts Singapore sovereign investor GIC […]

Retail Asia07/07/2021
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3min0
Li & Fung Limited, the world’s leading supply chain solutions partner for consumer brands and retailers, today announced that as part of a strategic investment made by JD.com in 2020, it is partnering with JD.com to provide end-to-end digital supply chain management services for JD.com’s private brand initiatives. Together, they are creating a multi-category collection […]

Retail Asia06/07/2021
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2min0
After stoking a series of controversies, including a fire at a logistics centre and poor working conditions, South Korean e-commerce giant Coupang is now facing a government investigation into alleged unfair trading practices. The Korea Fair Trade Commission (KFTC) recently noted that Coupang might have violated the Fair Trade Law and carried out a field investigation […]

Retail Asia05/07/2021
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2min0
Alibaba co-founders Jack Ma and Joseph Tsai are reportedly pledging their shares in the Chinese e-commerce giant in exchange for significant loans from global banks. The two tech billionaires have pledged their shares to banks including UBS, Credit Suisse, and Goldman Sachs, according to a «Financial Times» report citing company documents. The shares pledged were […]

Retail Asia28/06/2021
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1min0
E-commerce platform Tiki has raised VND1 trillion (nearly $43.5 million) over the last three months by issuing corporate bonds. Issued from 16 March to June 13, the bonds are non-convertible with a fixed interest rate of 13 percent per annum, one of the highest rates in the local market. Over 97 percent of Tiki bonds’ […]

Retail Asia25/06/2021
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2min0
E-commerce platform for branded goods Leflair is expected to resume operations under a new owner in Q3. The U.S.-based Society Pass Incorporated announced Wednesday it had bought Leflair and other intellectual properties, including the domain name, from a company in Hong Kong. The revived Leflair will expand operations to other Southeast Asian markets next year, […]

Retail Asia18/06/2021
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3min0
Global giants Amazon and Alibaba are racing to recruit more Vietnamese vendors on their platforms seeking to boost their share of a booming e-commerce market. Amazon saw the number of Vietnamese merchants exporting at least $1 million worth of goods from Vietnam triple last year. The surge was driven by demand for tools, kitchenware, handicrafts, […]


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