Tag Archives: E-Commerce

BOI approves 2 online retailers

(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

(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

(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

(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

(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

(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

(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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Richemont moves to take over 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

(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

(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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