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South Korean online retail sales post double-digit growth

South Korean online sales posted double-digit growth in February based on soaring demand for air purifiers.

H&M’s profit falls in latest quarter

Stores to get chopped as fast fashion giant evaluates ‘redrawn’ competitive landscape.

H&M’s profit falls in latest quarter

Stores to get chopped as fast fashion giant evaluates ‘redrawn’ competitive landscape.

Aldi to launch online store

Aldi to shake up online grocery space with impending e-commerce launch.

Surprise: Chinese shoppers feel safer online

Consumers across Southeast Asia and Greater China feel safer paying in a brick and mortar environment as opposed to online; the sole exception is Chinese shoppers.

Singapore hosts eTail Asia conference

Asia’s fastest growing and most popular online retailers gather in Singapore next week for the third annual eTail Asia conference.

Asian women gaining retail power

Asian females are “on the rise and online” according to a report based on a survey of 5500 consumers, released by Vipshop and The Economist Intelligence Unit. The report is a veritable treasure trove of information examining the psyche and influence of women who shop online in Asia, The people surveyed came from major urban areas in Greater China, India, Japan, South Korea and Singapore, and included consumer analysts, major retailers and brand owners in addition to shoppers. Asia w…

Size, age no barrier for online boutique

By Tech in Asia While fashion giants like Zalora, VIP Plaza, and BerryBenka are arguably the most well-known players in Indonesia’s clothing eCommerce space, 22-year-old Julian Tanoto is out to prove that small boutique stores still have their place in the local internet market. TechInAsia.com reports that Tanoto is a fresh graduate of Binus International University in Jakarta and claims her small-scale fashion ecommerce startup, Cloth Inc, is already bringing in Rp 250 million (US$20,67…

Chinese online giant doubles sales

Chinese online retailer JD.com has reported a 111 per cent third quarter increase in sales – but finished in the red. Gross Merchandise Volume for the three months was US$11 billion and net revenue $4.7 billion, up 61 per cent year-on-year as the company boosted active customer accounts from 22.1 million in the third quarter of 2013 to 46.1 million in the last quarter. Fulfilled orders soared from 81.5 million to 178.2 million. Despite the massive growth, the company posted a modest (as a …

Korea fights online retail imbalance

Korea’s government wants domestic online retailers to boost sales to foreign shoppers as it tries to right the eCommerce trade imbalance. Korean trade authorities reported this week that direct purchases by foreigners from Korean online shopping malls totalled 370 billion won (US$344 million) last year – that’s about 14 times more than previously reported by the Customs Service. But it represents a fraction of the estimated 2 trillion won that Koreans spent online in the same period …

Massive growth for Alibaba

China’s eCommerce goliath Alibaba Group has posted a 49 per cent increase in gross merchandise volume in the latest quarter – to US$90.52 billion. And the number of people shopping on its websites increased 52 per cent year on year in the quarter to September 30. “We delivered a strong quarter with significant growth across our key operating metrics,” said Jonathan Lu, CEO. “Our business continues to perform well, and our results reflect both the strength of our ecosystem and the s…

Logistics power China to online record

Chinese shoppers will spend US$10 billion in just one day on November 11, creating a new global record. That is the day, dubbed Singles Day, where China’s online market leader Alibaba and its subsidiaries launch online promotions in a move which mirrors the US’ Cyber Monday, the post Thanksgiving sale day which this year falls on December 1. According to data from the McKinsey Global Institute, the sales of Alibaba on November 11, last year reached RMB35 billion – far more than the ove…