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iTrueMart, Thailand’s leading e-commerce retailer, has launched its first e-commerce site in the country, iTrueMart.ph, and targets to be the dominant local e-commerce player in two years. In 2016, the online retailer, one of the companies under Bangkok-based…
Focus on the online sales channel, digital initiatives, and revival of its travel retail channel, will be the key drivers for Estee Lauder‘s (NYSE:EL) growth in the future. While travel retail showed tremendous growth in 2014, the slowdown in China and…
The Hong Kong Trade Development Council has unveiled a revamped HKTDC Design Gallery shop at the Hong Kong Convention and Exhibition Centre. HKTDC executive director Margaret Fong was joined by famous Hong Kong actor Moses Chan and many of the city’s top…
Computer and electronics, beauty and cosmetics as well as fashion are potential categories for e-commerce in Thailand. The Thai e-commerce market in 2014 was valued at Bt2.03 trillion, with business-to-business (B2B) deals worth Bt1.23 trillion,…
While consumers reaped the rewards on Singles Day, at least one retail consultant is questioning the damage done by the US$14 billion 24-hour spendathon. “The clear winners are consumers, marketplaces and couriers and delivery companies,” explains Richard…
The American membership-only warehouse club Costco Wholesale Korea has opened its online shopping mall this week. It is the first among the Asian countries Costco has entered, and its fifth international online shopping site after the US, England, Canada and…
French-headquartered luxury brand owner Kering has unsuccessfully sought to fast track its legal suit against Alibaba after what it considered “greatly troubling” comments by Jack Ma. Kering, which owns Gucci and Yves Saint Laurent among others, filed suit…
According to eMarketer, China and the US accounted for ~55% of the global Internet retail sales in fiscal 2014. It also mentioned that China and the United Kingdom have a higher proportion of “online-to-total retail sales compared to the US.” It’s important…
China’s total retail sales of consumer goods rose 11.0% year-over-year (or YoY) to 2.8 trillion yuan in October. The data indicated better-than-expected growth in retail sales and a slight improvement from September’s rise of 10.9%.On a year-to-date (or YTD)…
Thai startup Zilingo gives market traders an international eCommerce gateway. Zilingo is a mobile-first online marketplace that allows merchants to list their inventory, set their prices, and fulfill online orders. Users can browse through available stores…
Celebrated every Nov. 11, Singles Day is a tradition that dates back to 1993 which initially involved bachelors from Nanjing University who would like to go out, meet, and party with others. The celebration soon included single women and became a huge holiday…
November 11 is a day of sombre reflection across much of the West, with Commonwealth nations observing Remembrance Day while Veterans’ Day is an official public holiday in the US. It’s a world away in China, though, where it’s Singles’ Day – an idea begun in…
Singles Day spending tomorrow will undoubtedly shatter last year’s record spend of US$9.3 billion, predicts KPMG. November 11 is known in China as Singles’ Day, an annual one day event which sees online retailers slash prices of products and China’s shoppers…
Yahoo Hong Kong has launched its Yahoo Hong Kong-Taiwan cross-border eCommerce platform today. In the first stage, more than 100 Taiwanese brands accredited with the Made in Taiwan Smile Logo will enter the Hong Kong market – in categories ranging from food…
If you’re an Asian SME and a retailer and you are not pursuing an export strategy – you’re missing out, according to a study completed by FedEx. Small- to medium-size enterprises throughout Asia Pacific that export to overseas markets are twice as likely to…
New regulations proposed by the Chinese government will deliver an immediate boost to state-ownedChina UnionPay, potentially forcing its smaller Chinese online payment agents out of business. The ‘Method of Network Payment Service Management for Third-Party…
