Tag Archives: E-Commerce

Richemont moves to take over YNAP

YNAP

(Source: Inside Retail Asia | January 22, 2018) Swiss luxury goods holding company Richemont has moved to take full ownership of e-commerce company Yoox Net-a-Porter (YNAP). Nearly three years after Richemont merged Net-a-Porter with Italian rival Yoox, the company has made a public tender offer to buy the shares in YNAP it does not already own, equivalent to half of ...

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E-commerce is the fastest-growing global retail channel through 2022: report

E-commerce And Online Shopping

(Source: Retail Asia Online | January 16, 2018) Internet retailing is the fastest growing global channel through 2022 at 73% to become a larger channel than traditional grocery retail, according to global market research company Euromonitor International which released its new retailing industry data alongside the second annual What’s New in Retail: Emerging Global Concepts report. Within internet retailing, the ...

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China’s Alibaba under fire over use of customer data

alipay

(Source: Inquirer.net | January 5, 2017) Chinese e-commerce giant Alibaba has come under fire over its handling of user data in an episode that underscores growing concerns for privacy in the hyper-digitized country. Alibaba affiliate Ant Financial was forced to apologize after users said they felt misled into allowing its Alipay service to share data on their spending habits with ...

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More lending, tax reform prop up retail’s outlook

Philippine Retail

(Source: Sunstar | December 30, 2017) Cebu’s retail scene is likely to continue to enjoy strong sales in 2018 and infrastructure build-up will play a huge part in this anticipated rise in consumer spending. “Infrastructure will drive retail activities in 2018,” said Robert Go, president of the Philippine Retailers’ Association-Cebu Chapter. “As more projects are being erected, more jobs will ...

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Online-shopping market share to double to 5.5 percent–aCommerce

Asian family using laptop to perform online shopping

(Source: Business Mirror | December 25, 2017) E-commerce in the Philippines is gaining ground, given the expectation that its contribution to the total retail market would double to 5.5 percent, according to Southeast Asia’s retail-solutions provider aCommerce. Paul Srivorakol, aCommerce Group CEO, said the improved penetration of the online marketplace in the country will further improve as more and more ...

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Bic Camera, Rakuten looking at JV

Exif_JPEG_PICTURE

(Source: Inside Retail Asia | December 22, 2017) Japanese e-commerce site Rakuten and consumer electronics retailer Bic Camera are considering a JV that will marry virtual and real stores. They expect to sign a basic agreement soon with a view to setting up their partnership early next year to work toward launching their e-commerce site in April. Bic Camera already ...

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Amazon Group has two-step strategy for Vietnam

Amazon

(Source: Inside Retail Asia | December 18, 2017) Online retail giant Amazon Group has its eye on Vietnam for its next expansion in Southeast Asia. Meeting with the Vietnam e-Commerce Association (VECOM) last week, the group revealed a two-step strategy for Vietnam. As well as exporting goods to Vietnam, it also wants to help Vietnamese small and medium enterprises sell ...

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ZALORA, Ayala Group announce enhanced tie-up

zalora-770x547

(Source: Philippine Canadian Inquirer | December 15, 2017) Officials of online fashion shopping site ZALORA and Ayala Group are banking on Filipinos strong presence on various online sites to boost their business by providing seamless shopping experience. In a briefing, ZALORA Group CEO Parker Gundersen said their tie-up with Ayala Group is aimed at giving customers a fulfilling shopping experience ...

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Gokongwei firm buys stake in online retailer

beautymnl

(Source: Inquirer.net | December 14, 2017) Gokongwei-led Robinsons Retail Holdings Inc. (RRHI) has acquired a 20-percent stake in the company that operates e-commerce site BeautyMNL, a leading local online retailer of personal care and beauty products. RRHI told the Philippine Stock Exchange that it had bought 20 percent of Taste Central Curators Inc., operator of BeautyMNL. This was meant to ...

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Google: Southeast Asia’s internet economy is growing faster than expected

(Source: iamwire.com)

(Source: Techcrunch | December 12, 2017) Southeast Asia is now the world’s third largest region for internet users — with more people online than the entire U.S. population — and internet is having a bigger impact on the region than originally thought, according to a new report co-authored by Google. China and India typically dominate the conversation when looking at ...

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