e-commerce

e-commerce Archives - Page 2 of 15 - Inside Retail Asia

Nova LifeStyle’s China online sales rise

American furniture retailer Nova LifeStyle has achieved over 200 per cent increase in online sales through Alibaba’s TMall and JD.com in China in July and August. “Nova’s e-commerce sales in China soared over the months of July and August this year resulting in our strongest e-commerce sales in China yet,” said Jeffrey Wong, CEO, co-founder of Nova LifeStyle. “We attribute this sales increase primarily to a higher positioning online and in-website search results due to an increase in our p…

Growth ahead for China third-party e-commerce

China’s third-party e-commerce services market is forecast to grow at 21 per cent annually until 2018. One of the major emerging trends in this market is the blurring of the line between e-commerce and commerce, according to online market researcher Sandlerresearch.org. Various sales channels are being integrated and customers are having a consistent experience across all channels, eventually diminishing the difference between e-commerce and commerce, it says. “China is one of the faste…

Rocket merges shopping sites

German startup Rocket Internet has partnered with Swedish investment company Kinnevik to create a global fashion e-commerce group. The partnership will see them combine five fashion e-commerce businesses – Dafiti (Latin America), Jabong (India), Lamoda (Russia and CIS), Namshi (Middle East) and Zalora (Southeast Asia and Australia) to create a new global fashion e-commerce group called Global Fashion Group (GFG). GFG will operate across the five continents with a focus on growth markets, c…

Deutsche Post DHL invests in India

Freight specialist Deutsche Post DHL has chosen India as the pilot market to develop an e-commerce business in Asia Pacific. The company, through its majority-owned Blue Dart Express, will invest 100 million euros to build e-fulfilment centres, procure new aircraft and expand payment and delivery options in India. “As the leading logistics company with an unsurpassed global footprint, there’s a huge opportunity for us to become the world’s leading provider of e-commerce logistics and w…

Indian e-commerce still facing infrastructure challenges

The Indian e-commerce industry is responding to the infrastructure challenges they’re facing in the country. A new report by The Associated Chambers of Commerce and Industry of India and PwC predicts companies plan to invest up to $1 billion on infrastructure, logistics and warehousing during the next few years. The investments will be used in building large fulfilment centres and warehouses, downstream parcel and sorting centres, equipping these nodes with state-of-the-art technology and …

Wanda eyes online growth

Chinese real estate developer Dalian Wanda Group plans to expand into e-commerce. The company is to tie up with e-commerce companies to launch an online business, with an initial investment of 5 billion yuan ($812 million). Reports say Alibaba and Tencent could be potential partners. Steven McCord, head of research for North China with US-based real estate adviser Jones Lang LaSalle, finds Wanda’s plan sound. “It is wise for the physical retailer to explore an O2O strategy, which all…

Mr Porter hits Hong Kong

Luxury e-tailer Mr Porter has expanded into Hong Kong. Mr Porter, the men’s arm of Net-a-Porter, offers products from more than 170 of the world’s leading designers, including Gucci, Givenchy, Burberry, Lanvin, Alexander McQueen, Dolce & Gabbana and Richard James, as well as specialist brands such as John Lobb and Valextra. It also offers style advice and a weekly online magazine, The Journal, put together by a team of editors. The expansion is aimed at capitalising on booming China…

Stuart Weitzman reaches China online

Footwear designer Stuart Weitzman will launch a dedicated e-commerce site in mainland China. Stuart Weitzman recently signed Monica Schwartz to oversee all aspects of global e-commerce and digital strategies for the stuartweitzman.com platforms in the US, Canada, Europe and Hong Kong and the soon-to-be-launched e-commerce site in China. Schwartz brings on board more than 15 years of experience and digital knowledge in the luxury retail and technology sectors, having previously built and le…

Walmart kicks off Indian e-commerce

Retail giant Walmart has launched its new Indian sales channel. Walmart has launched wholesale e-commerce sites in Lucknow and Hyderabad, targeting local ‘kirana’ shops and other merchants within a radius of 40-50 km from the store. The online wholesale stores offer around 5000 SKUs of products except fresh and frozen products. Walmart plans to roll out similar B2B marketplaces in other cities where it has cash and carry stores by January 2015. “E-commerce represents an additional …

SE Asia e-commerce set to soar

High growth and consolidation is expected in Southeast Asia’s e-commerce market according to new projections. Total revenues from B2C e-commerce in the six largest Southeast Asian countries (Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam) will grow at a compound annual growth rate of 37.6 per cent to $34.5 billion by 2018 from $7 billion in 2013, according to new research from Frost & Sullivan. Singapore was still the largest e-commerce market in Southeast Asia in 20…

UK’s Shopcade expands to India

UK-based social shopping app Shopcade sees India as the next stop for global expansion. India has a large e-commerce presence (42.3 million potential Shopcade users with £5.8 billion potential spending), but there are not yet any notable fashion platforms like Shopcade. Hence, Shopcade, this month, will launch its iOS and Android mobile apps, as well as its web-based platform, shopcade.com across India. The initial Shopcade team will consist of one India-based editor and three correspo…

Shopify bullish about India

E-commerce player Shopify plans to double the number of merchants on its platform in India to 10,000 by 2015. Shopify sees immense opportunity in India, with more than 5000 merchants already operating on its platform including Fabmart, Madinindia and Insaraf. To attract more merchants, Shopify offers set-up-support and free consultation on running their online store, in addition to workshops and webinars it launched last year. It is also expanding its payment and delivery options by col…