Enterprise Innovation — China will lead the Asia-Pacific region in online spending this holiday season with $150 billion in sales forecast, new research from Adobe Digital Index reveals. China’s booming economy has led to the highest anticipated online spend in the region (55 percent), with nearly half of the country’s consumers surveyed (49 percent) predicting an increase in their online spend for the period.
Gross merchandise volume for Alibaba Group’s 11.11 global shopping festival reached $14.3 billion this year or 60 percent higher than last year’s sales of $9.3 billion. In the first 90 minutes alone of the 24-hour online shopping marathon, the Chinese e-commerce giant said $5 billion of GMV was already settled through Alipay, 70 percent of which were on mobile.
livemint — New Delhi: Chinese computer technology company Lenovo Group Ltd is betting on India’s e-commerce sector to accelerate growth for its enterprise segment which sells servers and storage, catering to the networking needs of web companies. Taking on the bigger rivals including Hewlett Packard Enterprise and Dell Inc. with the renewed India strategy, the company is eyeing a bigger piece of India’s datacenter infrastructure market.
Telecom Asia — Japan’s NTT DoCoMo will today commence providing mobile network consulting services to overseas mobile operators, starting with an arrangement in the Philippines. The operator has been contracted to provide network consulting services to Smart Communications, focused on improving and optimizing radio network quality in capital city Manila.
Tech in Asia — When you think of online shopping events in China, I’m sure Singles Day comes to mind. And with good reason: it’s not only the biggest online shopping event in the Middle Kingdom, it’s the biggest online shopping event in the world. But Alibaba has another seasonal shopping event, and this one might be more important in the long run.
Times of India — NEW DELHI: The government is working on the definition of e-commerce to clear the air over key issues such as taxation and foreign investment in the burgeoning sector. Commerce and industry minister Nirmala Sitharaman said her ministry has received inputs from almost all the states on the issues related with FDI in e-commerce segment.
Nasdaq — BEIJING: JD.com, Inc. China’s largest online direct sales company, today announced its unaudited financial results for the quarter ended September 30, 2015. GMV for the third quarter of 2015 was RMB115.0 billion (US$218.1 billion), an increase of 71% compared with the third quarter of 2014. GMV excluding Paipai.com (“Core GMV”) for the third quarter of 2015 increased by 76% year-over-year to RMB111.0 billion (US$17.5 billion).
Enterprise Innovation — Indian online marketplace Snapdeal recently introduced Snapdeal Motors, an exclusive automobile platform that offers an integrated buying experience for customers. The platform enables customers to browse through automobile options, book online for test drives, and avail of easy financing options. It also promises to give full documentation support to interested buyers.
Enterprise Innovation — Hong Kong consumers are increasingly likely to make their online purchases through mobile devices (mobile phone or tablet), rather than via desktops, according to Visa’s 2015 e-commerce Consumer Monitor Survey. Respondents from Hong Kong reported a large growth in mobile commerce (m-commerce) this year, a 23 percent increase from 2014 in online shopping via their mobile devices.
China Tech News — In the West, today is the remembrance of the end of World War One. But in China, November 11 is Singles’ Day and the entire country has prepared for an online sales onslaught. In 2014, Alibaba posted more than USD9 billion in sales on China’s Singles’ Day. And this year rivals JD.com and Suning hope to emulate part of Alibaba’s success with even higher sales.
Tech in Asia — The clock has struck midnight, and China’s massive Singles Day shopping sale has finally come to a close. We already know it’s been a banner day for everyone from Alibaba to JD and Xiaomi, but now the final tallies are coming in. And Alibaba’s is massive. According to the company’s official Weibo account, Alibaba raked in US$14.3 billion (RMB 91.2 billion) in yesterday’s sale. That’s a very impressive step up from last year’s US$9.3 billion total, even if it isn’t quite the US$15 billion benchmark many of us were expecting after the day started off so strong.
Tech In Asia — With Singles Day now fully in the rearview mirror, the folks at JD have finally released the company’s final order count, and it’s impressive. Having collected more than 30 million orders over the 24-hour period, JD has more than doubled its 2014 sales record (last year it wound up at 14 million orders). Like Alibaba, JD had a great day for mobile sales. The company says more than 70 percent of its orders came via mobile.
Tech in Asia — Although we don’t have a total number for the entire country yet, it seems certain that yesterday was the biggest online shopping day in the history of the world. (If that sounds hyperbolic, go read about how much Alibaba sold). But what were people actually buying? Xiaomi stuff, apparently. Of course, people buy tons of things on Singles Day. But the Chinese smart hardware startup has announced that Xiaomi was the number one overall vendor on Alibaba’s Tmall platform for the third year straight.
Times of India — Taking on Flipkart Lite head-on, arch rival Snapdeal has announced Snap-lite. The Delhi-based e-commerce major has announced its own ‘lite version’, which its chief product officer Anand Chandrasekaran claimed will make browsing on Snapdeal 85% faster. In a tweet, Chandrasekaran wrote, “Is there a http://Snapdeal.com experience that’s 85% faster? Introducing Snap-lite (across all mobile browsers).”
China Tech News — Alibaba Group’s performance for the third quarter of 2015 shows that the group’s revenue reached CNY22.171 billion during the reporting period, a year-on-year increase of 32%; its profit after non-GAAP adjustment reached CNY9.252 billion, a year-on-year increase of 36%; and its gross merchandise volume reached CNY713 billion, a year-on-year increase of 28%.
Times of India — BENGALURU: E-commerce giant Amazon is taking lessons learnt from its daily battles with India’s choked roads and cramped cities to some of its largest developed markets, exporting a model of cheaper deliveries and reduced warehousing costs. Online shopping is booming in India, where millions of consumers are newly able to access the internet thanks to cheap smartphones. For Amazon, it is already the largest contributor of new customers outside the United States.
Omni Channel Media — This week on the 11th of the 11th, shoppers spent $14 billion online in China’s ‘Singles’ Day’ online sales. For comparison’s sake, leader US online retailer Amazon did $18 billion in sales in its most recent quarter. In 2009 ecommerce retail monolith, Alibaba, began to market 11th November – which is not a traditional Chinese festival day – as the anti-Valentine’s Day offering discounts and specials. With an online population of 668 million – the world’s largest – Alibaba’s local competitors have embraced Singles’ Day too.
Times of India — MUMBAI: Flipkart India, the wholesale arm of India’s largest e-commerce company, posted three-fold increase in revenue in fiscal 2015, reflecting the rapid growth of the country’s online retail sector. Its revenue rose to Rs 9,351.7 crore in the year ended March, up from Rs 2,846 crore in the previous year, according to a recent filing with the Registrar of Companies.
Times of India — BEIJING: Shoppers spent around $9 billion in the first 12 hours of China’s “Singles Day” sale on Wednesday, e-commerce giant Alibaba said, in the world’s biggest online shopping day. Total gross merchandise volume, a measure of sales, matched the 2014 US dollar total of $9.3 billion just after 12:30 pm (0430 GMT), after the promotion began at midnight.
Times of India — NEW DELHI: India’s e-commerce market is expected to witness significant uptrend in the coming years and touch $200 billion in terms of gross merchandise value (GMV), says a Bank of America Merrill Lynch report. The global financial services major said the e-commerce sector’s GMV forecast is likely to increase on improving telecom infrastructure, faster adoption of online services and better variety and convenience and the number of shoppers is likely to touch 530 million.