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Groupon – which has exited three Asian markets this year – continues to struggle globally with ts flawed discounting model. Operating on wafer thin margins in the first place, the company has taken a severe hit from currency exchange fluctuations in the third…
The Indian eCommerce growth rate is now the highest in Asia – yet online still accounts for less than one per cent of total retail sales. Gene Alvarez, MD and VP at research house Gartner, told a symposium in Goa this week that India represents a US$7 billion…
South Korean eCommerce giant Coupang will invest 1.5 trillion won (US$1.3 billion) by 2017 to hire 40,000 delivery people called ‘Coupang Men’, and increase its number of logistics centers from 14 to 21. This is a significantly larger-scale investment than…
Jewelry.com announced that is has chosen VoyageOne, a pioneer in B2C “cross-border” ecommerce solutions and services, to help launch its direct-to-consumer online expansion plans for China. With over 14 years in the industry, Jewelry.com is one of the…
China’s second largest online retailer, JD.com, has lodged a formal complaint with Chinese regulators, alleging its larger rival Alibaba is attempting to restrict competition. China’s competition regulator, the State Administration for Industry and Commerce…
Chinese search engine Baidu is experiencing rapid growth as more and more Chinese shop online. Releasing its September quarter sales results, the US Nasdaq-listed business says Online to Offline is driving a massive growth in mobile users, gross merchandise…
China’s Singles Day – 11.11.2015 – the biggest shopping festival in the world, will no doubt once again break international eCommerce records this Wednesday. But while watching numbers tick astronomically higher is exciting, retailers should be paying…
Chinese lawmakers have been urged to tighten controls on online trade after a report suggested counterfeit and low quality goods accounted for just over 40 per cent of sales. The report on the implementation of the latest iteration of the Law on the…
There are just days to go before Alibaba Group holds its 11.11 Global Shopping Festival. Merchants are laying on stock and pre-packing popular products to ready them for shipment. Delivery companies are training hundreds of thousands of temporary workers…
As Chinese consumers continue to upgrade their diets with food ordered online directly from international outlets, Tmall.com is gearing up for this year’s 11.11 Global Shopping Festival by offering a wider assortment of international food and beverages for…
Alibaba says new relationships sealed with Dutch organisations in recent days will help continue to lay the groundwork for European expansion of its eCommerce businesses. Alibaba Group says it has established several partnerships and collaboration agreements…
FeedMe Guru, a technology platform that analyses professional reviews to shortlist the Top 600 restaurants in every major city, has been launched in Hong Kong. The app, developed by two Harvard Business School students, was revealed before an audience of over…
English Premier League club Manchester City has partnered with EZ Shopnet to launch five online stores serving Asian fans. Manchester City online stores will be launched for customers in China, Hong Kong, Japan, Korea andSoutheast Asia. As the club’s new…
Coca-Cola, one of the world’s most iconic beverage brands, is opening a flagship store on Alibaba Group’s Tmall online marketplace. The Coca-Cola Tmall store comes just in time for the Global Shopping Festival, the world’s biggest online sale, on November 11.…
Indonesia’s fashion eCommerce site Paraplou has shut down. The firm has posted a farewell message on its homepage, citing reasons of market immaturity, uncertain financial conditions, and a difficult funding environment as the primary reasons for its closure.…
Singapore listed jeweller Soo Kee Group is planning to become the first bricks and mortar store in the city to start selling gold and diamonds online. Soo Kee operates a network of more than 60 retail stores under the brands Soo Kee Jewellery, SK Jewellery…
