marketplace Archives - Inside Retail Asia

Facebook Marketplace rolls out in Hong Kong

Facebook Marketplace has launched in Hong Kong, allowing users to easily find, buy and sell goods locally.

Indonesia’s great potential for B2C e-commerce

The potential for B2C e-commerce growth in Indonesia is among the highest in the world. With high double-digit annual growth rates, it is the second fastest growing B2C e-commerce market worldwide, according to a study by researcher yStats.com. Consumer optimism there also ranks among the highest in the world. The main challenge to the implementation of the expected growth is the lack of infrastructure for e-commerce in the country, especially with regard to logistics and payment, it repor…

Walmart to launch Indian e-commerce

Walmart’s online marketplace for India could go live in July. The American retailer is reported to be launching B2B e-commerce platforms in Hyderabad and Lucknow where it has cash and carry stores. The marketplaces will offer home delivery and click and collect services, reports say. The online platforms will be exclusive only for the members of its cash and carry stores. Walmart plans to roll out similar B2B marketplaces in other cities where it has cash and carry stores by January 201…

India’s Myntra to launch marketplace

Indian fashion online store Myntra plans to launch a marketplace this year to compete with the likes of Flipkart and Amazon. Marketplace format is a type of e-commerce site where product and inventory information is provided by multiple third parties, but transactions are processed by the marketplace operator. It aggregates products from a wide array of providers, selection is wider, availability is higher and prices are more competitive. The format enables companies to save on inventory r…

Tesco takes stake in Lazada

British grocer Tesco has taken a minority stake in Southeast Asian online retailer Lazada. Without providing much further detail, Robin Terell, multichannel director at Tesco, said the company has invested “tens of millions” of pounds in Lazada, which offers non-food products such electronic goods, clothing, homewares and toys in Indonesia, Malaysia, Philippines, Thailand and Vietnam. Lazada, owned by German incubator Rocket Internet, also offers a marketplace where third-party merchants c…

Rakuten expands to Spain

Japanese Internet giant Rakuten has launched its online marketplace in Spain (www.rakuten.es). The marketplace facilitates interaction between merchants and consumers. Rakuten Spain CEO Marc Vicente says that the key reason behind Rakuten’s decision to enter Spain was the local economic structure. “The Spanish business landscape is dominated by small and medium enterprises. Therefore, the e-commerce business needs innovations and solutions that fit into this structure. Since there has…

Rakuten enhances shopping experience

Japanese ecommerce giant Rakuten.com has partnered with Tidal Labs to enhance the online shopping experience. Rakuten.com and Tidal have created an immersive, shoppable editorial experience powered by the writing of influential bloggers. This removes the isolation of online shopping, allowing new products to be discovered by browsing through the travel stories, recipes, fashion and parenting tips of passionate individuals. “These influential bloggers relate in a new way to the Rakuten.co…

Suning launches marketplace

Chinese retailer Suning now allows third party merchants to sell their products through its marketplace. Already trading through Suning’s newly launched online site are H&M, Rolex, Lenovo, Samsung and Apple. The move is part of Suning’s broader retailing strategy, it says. The company is transforming from being an electrical appliances retailer to a general retailer through its newly opened “Suning Expo” stores which offer wider range of goods. Online retailer Jingdong has also laun…

Lazada launches marketplace

Southeast Asia’s Amazon allows SMEs to sell online.

Suning opens up online marketplace

Chinese home appliance retailer to allow third-party vendors to trade through its website.

Amazon reaches India

US e-commerce company provides Indians with new online shopping destination.