online retail Archives - Inside Retail Asia

China’s online retail sales 40 per cent of global market

China’s online retail sales accounted for about 40 per cent of the entire global market last year.

Dare to Dream captures wider market

Dare to Dream clothing brand expands beyond China thanks to boost from online retailers.

Rakuten launches $100m global fund

Japanese online retail giant Rakuten has created a US$100 million war chest to shop for startups internationally. It has launched a global investment fund, targeting investments in startups and companies in Israel, Asia Pacific and the US and builds on the success of the Southeast Asia fund, which was originally launched in 2013 and counts Carousell, Visenze, Coda Payments and Send Anywhere among its investment portfolio. The larger global fund gives Rakuten the opportunity to empower the …

[:en]Asians love shopping by mobile [:zh]亚洲区对手机购物的热衷

[:en]Mobile shopping is on the rise in Asia Pacific in step with the growing number of smartphone and tablet users. Reports say smartphones and tablet computers are expected to further fuel the growth of online retail sales in the Asia Pacific to more than $400 billion a year by 2018. According to Euromonitor, smartphone users in Asia Pacific will increase from around 390 million in 2013 to nearly 700 million by 2017. Meanwhile, tablet and other portable computer users will ri…

[:en]Online shoppers demanding free delivery[:zh]网购者的包邮需求

[:en]Growing demand for free and convenient delivery of online purchases is driving online retailers and delivery services to seek a wider range of delivery methods. A new report by yStats.com reveals shoppers want varied delivery options such as delivery at a nominated time, pick-up in-store or delivery to a third location. Another trend is that retailers are developing and strengthening their own delivery networks, moving fulfillment centres closer to customers and increasing delivery from n…

Online spikes linked to air pollution?

Is China’s deteriorating air quality driving increasing online retail sales? Retail industry leaders gathered at the pre-Congress China focus day at World Retail Congress Asia Pacific 2014 argue the exponential growth could well be driven by China’s notorious air pollution. In 2013, China overtook US in e-commerce and with more than 500 million mobile users expected to come online this year, 2014 is set to be the year of exponential growth in e-commerce in China. Increased monitoring …

JD.com marries online and offline retail

Chinese online retailer JD.com plans to integrate online and offline retail on a new e-commerce platform. The B2C retailer is teaming up with 11,000 physical convenience stores to leverage the shopping experience. Partner stores can set up online stores on the JD.com website and customers can collect the products they purchased online from physical stores. “The collaboration aims to combine JD’s online strength, such as its large pool of online customers, with convenience stores’ offline a…

India’s online retail to triple

India’s online retailing – both direct and through marketplaces – will become an Rs500 billion (approximately $10 billion) industry by 2016. That’s according to research house Crisil who said the country’s online retail will grow at a whopping 50-55 per cent annually over the next three years. That would be over 30 times its size at the end of fiscal 2008, it says. Yet it remains a nascent portion of the overall e-commerce segment in India where the travel business dominates with about …

Vipshop invests in Ovation

Chinese online discount retailer Vipshop is to pay US$55.8 million to acquire a 23 per cent stake in Ovation Entertainment. Ovation’s business, conducted through its subsidiaries based in China, is to develop cosmetic products under proprietary brands and media products. “This strategic investment provides Vipshop access to a consistent supply of Ovation branded cosmetic products, which are in high demand among our growing base of users, about 75 per cent of whom are female,” said Eric She…

Vipshop takes control of Lefeng

China’s online discount retailer Vipshop has acquired a 75 per cent stake in Lefeng.com. Lefeng owns and operates an online retail business which specialises in selling cosmetics and fashion products in China. Vipshop will pay US$132.5 million to acquire the controlling stake and Ovation Entertainment will own the remaining 25 per cent. In connection with the acquisition, Vipshop entered into a framework supply agreement with the PRC affiliates of Lefeng and Ovation. Ovation will supply…

Retailers urged to enhance e-commerce infrastructure

Retailers must adapt their infrastructure to compete in the global e-commerce race, urges real estate services firm Jones Lang LaSalle. As online retail sales are expected to exceed $1.2 trillion globally this year, retailers are under pressure to decide where, when and how packages should travel from dock to doorstep. Global online sales currently account for four per cent of total retail sales and are growing at a rapid pace. In fact, global online sales grew 14.8 per cent per annum from…

Japanese visit retail websites most often

The Japanese’ online retail reach of 86 per cent is among the highest in the world – some nine per cent ahead of other countries. That’s according to the new study of comScore which also says that Japan’s online population now exceeds 73.6 million. Japan is also home to a 102 million strong mobile audience and a fast growing smartphone segment with a penetration rate above 34 per cent now, it says. comScore also says that Japanese online audience skews significantly older with only 34 pe…