Tag Archives: Ecommerce

H&M Asia looks to eCommerce

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(Source: Inside Retail Asia | 2 February 2017) H&M will open online stores in five Asian markets this year. The H&M Asia online stores will open in Hong Kong, Singapore, Macau, Taiwan and Malaysia. A sixth will open in Turkey. And, as previously reported by Inside Retail Asia, H&M will open its first store in Vietnam later this year at ...

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Malaysia, Vietnam buy into WeShop.co.id

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(Source: Inside Retail Asia | 21 October 2016) Seven-digit funding has been provided by Vietnam’s NextTech Group of Technopreneurs and Malaysia’s Haspro Holdings for WeShop.co.id. Both groups have also invested an undisclosed amount for the parent firm WeShop Global Group to unlock cross-border eCommerce opportunities. The investors will have board seats at WeShop Global, while a senior executive from NextTech ...

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Chinese cross-border eCommerce has peaked

E-commerce And Online Shopping

(Source: Inside Retail Asia | 14 September 2016) Chinese cross-border eCommerce has reached a turning point, says new research from Oliver Wyman. Spending online offshore by Mainland Chinese reached RMB 120 billion (US$17.963 billion) in 2015 according to iResearch, and is expected to grow more than 60 per cent, reaching 7 per cent of total Chinese eCommerce value by 2018. ...

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Report predicts $25b in eCommerce revenues

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(Source: Inside Retail Asia | 1 September 2016) Southeast Asia eCommerce revenues are projected to exceed US$25 billion by 2020, according to new research by growth partnership company Frost & Sullivan. Despite acquisitions, market exits and many online retailers struggling to achieve profitability, the market earned $11 billion last year, says the report, from its Telecommunications and Digital Services program, ...

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Lazada Malaysia signs loan deal with bank

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(Source: Inside Retail Asia | 23 June 2016) CIMB Bank and eCommerce giant Lazada Malaysia have signed a partnership agreement to enable Lazada merchants to apply for small and medium enterprise (SME) loans. Under the agreement, the bank offers Enterprise Clean Loans (ECL) to Lazada merchants to support the expansion of Malaysian SMEs. “The collaboration is a joint effort to ...

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Ensogo Asia shuts down sites

Closed Signage Marketing Shop Concept

(Source: Inside Retail Asia | 22 June 2016) Ensogo Asia has closed down all of its online stores as the online retailer appears on the brink of collapse. Following the resignation of its co-founder Kris Marszalek, the Singapore-based tech company said it will cut its financial support to its sales and marketplace business units in Indonesia, Thailand, Hong Kong and ...

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Southeast Asian economies lure Alibaba

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(Source: Inside Retail Asia | 27 May 2016) Southeast Asian economies are reaching a stage similar to China’s at the end of the last decade, when eCommerce began to take off, according to Alibaba Group executive vice-chairman Joseph Tsai. “I don’t blame you guys for having some degree of excitement about Southeast Asia when you look at the economies here,” ...

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Jack Ma’s grand eCommerce plan

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(Source: Inside Retail Asia | 24 March 2016) Alibaba Group executive chairman Jack Ma wants to knock down barriers to global eCommerce by creating a business-driven, Internet-based platform that will function something like the World Trade Organization – but without all the controversy. Speaking at the Boao Forum for Asia, the founder of the world’s largest eCommerce company called for ...

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Many top retailers remain skeptical in ‘year of Apple Pay’

Apple-Pay

(Source: By Nandita Bose | Reuters | June 5, 2015)   In a January earnings call with investors, Apple Inc. Chief Executive Tim Cook made a confident prediction: “2015 will be the year of Apple Pay,” he said. Since then, the company has aggressively courted retailers – and claimed significant success. “We’ve spoken to all of the top 100 merchants in ...

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