Tag Archives: E-Commerce

Luxury brands in China are making moves on WeChat

(Source: Inside Retail Asia | June 20, 2017) Luxury brands in China are investing heavily into e-commerce channels. More than 90 percent of them now have an account on the messaging app WeChat, double the number back in 2014. This puts WeChat on par with Weibo, a popular Chinese microblogging site, on which about 94 percent of luxury brands have ...

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Alibaba revenue set to grow 49 percent

(Source: Inside Retail Philippines | June 9, 2017 ) Alibaba Group says it is targeting revenue growth of 45-49 percent for the current fiscal year, topping consensus analyst forecasts. The guidance came from Maggie Wu, Alibaba’s CFO, speaking to investors and analysts at the company’s 2017 Investor Day. In its last fiscal year Alibaba reported revenues increased by 56 percent, ...

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India races past China to nab top spot on global retail index

(Source: Techwire Asia| June 7, 2017) India has overtaken China in an index ranking developing countries in terms of their attractiveness for retail investment. The Global Retail Development Index, an annual report from management consulting firm A.T. Kearney, said the ranking was based on the countries rapidly expanding economy, a major increase in consumer spending and the government’s easing of ...

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China’s online retail sales 40 percent of global market

(Source: Inside Retail Asia | June 6, 2017) China’s online retail sales accounted for about 40 percent of the entire global market last year. This is revealed in a report released by the Chinese Ministry of Commerce which estimates the nation had 731 million internet users and 467 million online shoppers last year. Of these, 441 million were mobile shoppers, ...

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The rise and rise of digital commerce

(Source: Inside Retail Philippines | May 29, 2017) A new study from Juniper Research forecasts that users of digital commerce services will reach 3 billion by 2021 or 40 percent of the global population, up from just 32 percent this year. The research, Digital Commerce: Key Trends, Sectors & Forecasts 2017-2021, found that two core sectors will dominate the global ...

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Walmart China launches online flagship

(Source: Inside Retail Asia | 25 may 2017)   Walmart launches its official Chinese flagship store today on online retail platform JD.com. This means Chinese customers can shop online for their everyday needs with the same 90-day return service Walmart offers at its brick-and-mortar stores, which have been open in China for more than 20 years. Walmart chose more than ...

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Samsung-Lazada deal expanding

(Source: Inside Retail Asia | 26 May 2017) Alibaba-backed Lazada Group is to expand its strategic partnership with its biggest brand partner in sales, Samsung. The strengthened Samsung-Lazada deal follows strong performance over the past year of partnership, says the e-commerce retailer. Overall sales of Samsung products on Lazada last month were 2.5 times better than a year ago, with ...

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New LVMH e-commerce site to ship to 75 countries

(Inside Retail Asia | 12 May 2017) LVMH is launching a multi-brand online store, curating a range of products from its own labels and rival brands like Gucci and Prada. More than 150 luxury labels will feature on the LVMH multi-brand site, built for the company’s Parisian department store Le Bon Marche. It will start trading next month. Named 24Sevres.com ...

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‘Decades of pain’ ahead, warns Jack Ma

(Source: Inside Retail Asia | 25 April 2017) Society should prepare for decades of pain as the internet disrupts the economy, warns Alibaba Group Holding chairman Jack Ma. He told an entrepreneurship conference in Zhengzhou that the world needed to change its education systems and establish how to work with robots to help soften the blow caused by automation and ...

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Conglomerates taking steps to future-proof their business

(Source: Business World | 11 April 2017) Conglomerates Ayala Corp. and SM Investments Corp. (SMIC) — owners of an expansive network of shopping malls in the Philippines — are preparing for the future by joining the e-commerce wave, as brick and mortar shops in the United States succumb to online shopping. The Ayala group acquired a 49% stake in the ...

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