Tag Archives: E-Commerce

Boom time: how Middle East e-commerce is about to heat up

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(Source: Arabian Business | June 16, 2018) While still in its early stages compared to other regions around the world, the region’s e-commerce market is finally beginning to boom – and as a result competition within it is heating up. Last week’s announcement that Noon, the online retailer launched by Emaar founder Mohamed Alabbar, had signed an agreement to buy ...

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Retailers to build consumer trust in e-commerce with improved COD gateway system

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(Source: Business Mirror | May 24, 2018) E-commerce will continue to gain ground in the Philippines as Filipino online shoppers are projected to reach up to 42 million by 2025—all willing to shell out P918 billion for purchases they make on the Web, a recent study conducted by Google and Temasek showed. Such positive outlook for the industry opens more ...

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Saudi Arabia is next battleground for e-commerce titans

(Photo from: Shutterstock)

(Source: Arab News | May 18, 2018) The battle for Saudi Arabia’s online shoppers is on. One year on from the Amazon-Souq deal, the Kingdom’s youthful population is being increasingly targeted by the region’s burgeoning e-commerce industry. With the largest economy in the GCC and the youngest Internet-connected population in the world, the Kingdom represents a golden goose for the ...

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Walmart is buying India’s Flipkart

(Photo from: The India Express)

(Source: CNN Money  | May 9, 2018) Walmart has agreed to buy India’s leading online retailer Flipkart, paying $16 billion for a controlling stake of 77%. Flipkart gives Walmart access to a market it has been trying to crack for years. The Arkansas-based retailer has been restricted by local regulations to operating wholesale outlets in the world’s fastest growing economy. ...

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Alibaba snaps up Daraz

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(Source: Inside Retail Asia | May 9, 2018) Alibaba Group has acquired south Asian e-commerce platform Daraz for an undisclosed sum. This will make Daraz Group’s platform a wholly owned unit of the Chinese e-commerce provider, which also runs the Taobao and Tmall platforms. “Together with Daraz, we can empower entrepreneurs to better serve consumers in the region through our ...

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Amazon may set up shop in Manila: PEZA chief

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(Source: ABS-CBN News | May 10, 2018) Amazon.com may set up shop in Manila, its second after the customer service facility in Cebu City that it launched recently, a government official in charge of foreign investments said Thursday. The Manila facility will likely open by mid-year, Philippine Economic Zone Authority chairperson Charito Plaza said. Amazon.com opens first customer service office ...

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Amazon wants to buy Indian e-commerce company Flipkart

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(Source: Business Insider | May 3, 2018) Amazon has made an offer to purchase approximately 60% of Indian e-commerce company Flipkart, according to CNBC. The US e-commerce titan has been interested in acquiring Flipkart for awhile; it made a bid to purchase 51% to 55% of Flipkart two years ago, a source told Reuters, but the offer was rejected because ...

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Retailers call on Supreme Court to overturn ‘antiquated’ online sales tax ruling as Justice hears oral arguments

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(Source: NRF.com | April 17, 2018) With the U.S. Supreme Court holding oral arguments last April 17, on whether online sellers can be required to collect sales tax the same as local stores, the National Retail Federation said the time has come to update the court’s landmark 1992 ruling on the issue. “This case is largely about whether collecting sales ...

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Chinese e-commerce giant Alibaba sets plans for Thailand

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(Source: Business Insider UK, AP | April 19, 2018) The Chinese e-comm shopping giant, Jack Ma, met with Thailand’s prime minister, Prayuth Chan-ocha, on Thursday and signed an agreement to help set up a “smart digital hub” to facilitate trade between Thailand, China, Laos, Myanmar, Cambodia and Vietnam. Reports said the hub, due to be completed next year, would also ...

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Asian online shoppers least happy–UPS Pulse

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(Source: Inside Retail Asia | April 12, 2018) Nearly half of online shoppers in Asia are dissatisfied with the experience, according to the latest UPS Pulse of the Online Shopper study. With negativity from 43 percent of Asian shoppers surveyed, they again emerged the least satisfied of shoppers internationally. The rate of 57 percent satisfaction was actually an improvement on ...

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