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Tag: online shopping

Retail Asia07/02/2019
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E-Tailing

Optimistic about Indian market despite changes in new FDI policy: Walmart

3min0
US retail major Walmart, which invested $16 billion in Flipkart, Wednesday said it is committed to the Indian market and is optimistic despite recent changes in the FDI policy for e-commerce firms in the country, according to a PTI report. The Bentonville-based retailing major’s statement came after a recent report by global consultancy firm Morgan Stanley, which had hinted that Walmart may […]
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Retail Asia06/02/2019
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E-Tailing

Indian consumers ask Amazon to resume Pantry service

2min0
The Indian users of online grocery delivery service Amazon Pantry have taken to Twitter to urge the e-retail major to resume services ever since it was discontinued on February 1. “Currently, pantry items are not available on Amazon. Kindly stay tuned for more updates. Thank you for understanding,” Amazon responded to its Indian users in a tweet. […]
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Retail Asia06/02/2019
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E-Tailing

Walmart may exit Flipkart due to new FDI rules: Morgan Stanley

3min0
Retail giant Walmart may exit Flipkart after India’s new Foreign Direct Investment (FDI) norms for e-commerce companies came into force, US investment banker Morgan Stanley has warned. “An exit is likely, not completely out of the question, with the Indian e-commerce market becoming more complicated,” the report by Morgan Stanley said late Monday. According to the report, Walmart-Flikkart saga might turn […]
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Retail Asia05/02/2019
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E-Tailing

Amazon introduces self-driving delivery robot, Scout

2min0
Amazon has introduced self-driving delivery service dubbed Scout – an all-electric self-driving vehicle that will maneuver across sidewalks in order to deliver purchased items to customers. Scout is the size of a ‘small cooler’ and can roll along sidewalks, delivering packages safely to a customer’s doorstep. The device is currently operating in Snohomish County, Washington, the […]
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Retail Asia05/02/2019
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E-Tailing

Snapdeal bats for new FDI policy in e-commerce from Feb 1

3min0
Leading Indian e-tailer Snapdeal on Tuesday supported the implementation of revised Foreign Direct Investment (FDI) policy on e-commerce from February 1. “Snapdeal supports the immediate implementation of the current FDI policy on e-commerce so that marketplaces are not misused to run inventory operations,” Delhi-based Snapdeal told IANS in a statement. The Ministry of Commerce and Industry on […]
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Retail Asia04/02/2019
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E-Tailing

Lazada to ramp up Southeast Asian grocery offering

2min0
Lazada Group has announced plans to ramp up its supermarket business in Southeast Asia as part of its strategy to become the region’s biggest e-commerce ecosystem. The supermarket transformation is being started off in Singapore, as homegrown online grocer RedMart is integrated into the Lazada platform on March 15 following its acquisition in 2016. Following […]
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Retail Asia04/02/2019
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E-Tailing

Behind Amazon’s 63 per cent income rise

5min0
The latest Amazon results are positive – but there is now a clear divergence in performance between the top and bottom lines. On the profit front, Amazon’s results are impressive. Net income increased by 63.1 per cent and operating income by 78 per cent. Much of this is coming from the AWS segment, where income […]
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Retail Asia01/02/2019
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Finance

Alibaba Group sales jumps high

4min0
Alibaba Group sales soared 41 per cent in the December quarter as its customer based neared 700 million. The Chinese company’s turnover for the three months reached US$17.057 billion and its net income attributable to shareholders $4.807 billion. “Our resilient operating and financial performance is a direct reflection of our persistent focus on better serving […]
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Retail Asia31/01/2019
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E-Tailing

Grofers crosses Rs 300 cr sales in single month

2min0
Grofers, the low price online supermarket, announced the record revenue of Rs 310 crore in January 2019. With this, Grofers became the first online grocer to cross Rs 300 crore in monthly sales and also became the largest e-grocery company in the fast growing space. Aligned with its aim to drive the next wave of growth for […]
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Retail Asia31/01/2019
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Living

Apps race to attract customers with sweet deals

6min0
E-wallets, food-delivery and online shopping apps are offering a range of Tet (Lunar New Year Festival) promotions to widen their customer base. On January 21, e-wallet cashless payment platform MoMo experienced a temporary freeze of its network shortly after launching a promotion that gives customers a chance to receive gifts when using the app to […]
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Retail Asia29/01/2019
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Research

SEA e-commerce market to grow at 23 per cent

1min0
Southeast Asia’s online retail market is expected to reach US$53 billion in the next five years, according to a recent analysis by Forrester Consulting. The report anticipated a compound annual growth rate (CAGR) for the industry of 23 per cent over the period, given the momentum of smartphone penetration and fast-growing economies in the region. […]
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Retail Asia28/01/2019
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E-Tailing

Global business leaders raise concerns over e-commerce policy changes in India

4min0
Several global business leaders have raised concerns over the evolving regulatory challenges concerning the e-commerce sector in India and said they want a stable policy regime to help this space achieve its robust growth and investment potential. According to a report, multiple business leaders attending the World Economic Forum Annual Meeting here said there are […]
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Retail Asia24/01/2019
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E-Tailing

AirPass helps Aussie retailers woo Chinese shoppers

4min0
Recently, Australia fintech company AirPay Financial Technologies announced its regional collaboration with China leading mobile payment technology company SwiftPass to form a new lifestyle brand “AirPass”. Connecting Australian merchants directly with Chinese consumers, AirPass lets local retailers accept WeChat Pay and Alipay both online and offline, as well as reach overseas markets to make the […]
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Retail Asia24/01/2019
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Logistics

JD.com has just marked a breakthrough for drone delivery in Southeast Asia

5min0
JD.com announced the completion of Indonesia’s first government approved drone flight – a breakthrough for drone delivery in Southeast Asia. The successful pilot opens the door for future commercial drone use in Indonesia and the Southeast Asia region, subject to further regulatory approvals. Representatives from Indonesia’s Ministry of Transportation, Civil Aviation and Air Navigation were […]
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Retail Asia24/01/2019
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E-Tailing

Reebonz to use blockchain technology to assure authenticity

3min0
Southeast Asian online luxury marketplace Reebonz is exploring blockchain technology as part of its strategy to demonstrate the provenance of products. Complementing the firm’s existing in-house team of ateliers who specialise in authenticating leather products, timepieces, gemstones and jewellery, Reebonz intends to incorporate all transactions on a blockchain to ensure the comprehensive traceability of all […]
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