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A report titled, ‘Direct 2015 – Direct selling: Mapping the industry across Indian states’ by FICCI-KPMG says that direct selling, the oldest and traditional forms of selling, is today a successful industry operating in over 100 countries, with a market size…
The total value of purchases made through mobile phones hit a record in November 2015. According data from Statistics Korea on Monday, the amount of mobile transactions surged 52.3 percent on year to W2.44 trillion (US$1=W1,190). That is almost half of the…
Commerce Minister Gao Hucheng (pictured) boasts online sales will reach four trillion yuan (US$16 billion) this year. China has attained the key targets (outlined in the 12th Five-Year Plan) by the end of 2015 to become a genuine giant trader, Gao said at a…
There are 252.4 million internet users located around Southeast Asia – and Malaysia has already emerged as the country with the third highest percentage of Internet users (67 per cent) after Singapore and Brunei. The promising internet penetration result…
Rakuten, Japan’s largest eCommerce company, is to open an online flagship on Chinese cross-border eCommerce platform JD.com. The Japanese company says it aims to take “the best Japanese products to Chinese consumers”. It launched a beta version of the new…
Supermarket titan Woolworths considers taking advantage of China’s voracious interest for Australian food and grocery items. Australia’s biggest general store chain has connected with China-based eCargo Holdings to construct and operate a Woolworths…
Just two months after its launch, Foodora, the upmarket sister site of Foodpanda Hong Kong has been axed. Inside Retail Hong Kong broke news of Foodora’s launch in late September and the company officially unveiled the concept in early October, saying it had…
WearYouWant Thailand – the Bangkok based online fashion marketplace – has reported a 150 per cent growth in revenue this year. “It has been an astounding year for WearYouWant,” says Julien Chalté, co-founder and Co-CEO. “We have outperformed our budget for…
Asian online fashion retailer Zalora recorded sales six times higher than any day ever before during its December 12 Online Fever promotion last weekend. Zalora sells in eight Asian markets: Singapore, Malaysia, Indonesia, Philippines, Thailand, Vietnam, Hong…
Honestbee, the fast-growing on-demand grocery concierge and delivery service company founded in Singapore just last July, has launched its service in Japan. The first Japan stop of many to come, visiting tourists can now enjoy the convenience of grocery…
The period from January to October, witnessed China clinching the world no 1 spot for online retail trade, according to the “Internet Development in China over the Last Two Decades” report, which was published on Tuesday. The report was published prior to the…
Days after announcing it was shutting down, Rocket Internet’s Foodpanda Vietnam has been bought by local rival Vietnammm. Vietnammm, the original online food delivery service in the commercial hub of Ho Chi Minh City, has paid an undisclosed amount to acquire…
Footwear retailer Le Saunda says same store sales in its own stores slipped eight per cent in the third quarter. But the company’s online turnover soared 26.7 per cent reflecting rising popularity of online shopping across Greater China. Total sales declined…
Foodpanda – relentlessly marching its way across Southeast Asia, gobbling up rival food delivery businesses and creating monopolies – has shocked the online community by closing its Vietnam business. According to a report in online business news website Deal…
Singapore online fashion retailer SuperGurl has apologised online and on social media for a homepage banner inviting rape, described by at least one shopper as “absolutely vile”. The banner featured a young woman with her arms up in submission and a button…
Indonesians are embracing online shopping at an astonishing rate. The Indonesian eCommerce Association expects the total online market to treble between 2014 and 2016, worth Rp 283 trillion (US$24 billion) in 2016. According to Bank Central Asia, Indonesia’s…
