Tag Archives: E-Commerce

Alibaba doubles investment in SE Asia e-commerce firm

0508alibaba

(Source: Yahoo Singapore, AFP News | March 19, 2018) Chinese e-commerce giant Alibaba said Monday it will appoint one of its founders as head of Lazada and inject another $2 billion into Southeast Asia’s leading online shopping firm, boosting its regional expansion. Alibaba, which already owns 83 percent of Lazada with two investments totalling $2 billion as of June last ...

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‘You don’t buy eggs online’: DoubleDragon bets on shopping malls

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(Source: ABS-CBN News | March 16, 2018) DoubleDragon said its shopping mall arm would be a “great growth driver,” notwithstanding the rise of electronic shopping platforms. CityMall Commercial Centers Inc, which targets emerging urban centers, plans to open 100 outlets in the provinces by 2020, DoubleDragon chief investment officer Hannah Yulo said. “If you’re in the province, I don’t think ...

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E-commerce not the only cause of death for Canadian malls

(Photo from: www.cp24.com)

(Source: Philippine Canadian Inquirer | March 12, 2018) Malls were once a go-to shopping destination and a teenager’s hang-out of choice, but now face an uncertain future as some of their biggest tenants lay off employees, file for creditor protection or hang a “closed” sign in the window and leave for good. Beleaguered retailers have been quick to blame online ...

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BOI approves 2 online retailers

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(Source: Manila Bulletin | March 10, 2018) The Board of Investments (BOI) has pre-qualified Zalora Shopping and CJO Shopping Co. Ltd., the first two online retailers to be registered under the country’s domestic retail trade law. So far, the BOI has already registered a total of 25 foreign retailers with total investments of R40 billion. These retailers have created 29,000 ...

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With digital, women can go beyond sari-sari stores

E-commerce And Online Shopping

(Source: ABS-CBN News | March 6, 2018) Retail is one of the best ways for women to become entrepreneurs and with digital channels, they need not limit themselves to the sari-sari store, industry leaders said Tuesday. Electronic commerce represents the “evolution” of mom and pop stores and in Southeast Asia alone, it has 600 million potential consumers, stakeholders said. “You ...

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Business of happiness: How malls plan to weather e-commerce rise

(Photo from: business.inquirer.net)

(Source: ABSCBN News | February 28, 2018) A deep mall culture, wherein the giant air-conditioned structures are at the center of happy family activities, will help brick and mortar retail withstand the rise of e-commerce, industry stakeholders said. The country’s largest mall operator, SM, is “bullish” on retail, said SM Investments vice chairman Teresita Sy-Coson. The company earlier announced plans ...

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Shopee PH’s ‘mobile-first’ approach key to e-commerce success

shopee logo

(Source: Manila Times | February 11, 2018) Mobile shopping platform Shopee emerged as the fastest growing e-commerce company in the Philippines, according to a recent study by the Malaysia-based iPrice Group, Shopee finished second behind Lazada among the top Android shopping apps of 2017 and took the top spot among iOS shopping apps in the third quarter of the year. ...

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MVP: PHL market ready for e-commerce ecosystem

E-commerce And Online Shopping

(Source: Business Mirror | February 10, 2018) Telco mogul Manuel V. Pangilinan said the Philippine market is now ready to enter a digitalized economy, making this pronouncement at the launch of PLDT Group’s converged rewards-card program, called Most Valuable Partner (MVP), at Makati Shangri-La on February 7. Bangko Sentral ng Pilipinas (BSP) reports that as of 2017, the majority of ...

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Jack Ma, Dominguez to discuss e-commerce for PH traders

Jack Ma

(Source: Inquirer.net | January 29, 2018) The head of the Duterte administration’s economic team and Asia’s richest man Jack Ma will discuss in China ways for small businesses in the Philippines to grow by tapping digital commerce, according to the Department of Finance (DOF). The DOF said Finance Secretary Carlos G. Dominguez III would lead a delegation of central bank ...

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China’ leading e-commerce company JD.com opens office in Paris

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(Source: Xinhua | January 22, 2018) JD.com, Chinese leading e-commerce company, on Monday announced it had opened an office in Paris “to develop its French brand portfolio and …ramping up its European presence.” Calling the Paris office as “an important milestone,” the Chinese firm said “a French presence will give the company an in-depth understanding of the development ambitions of ...

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