Foxconn Electronics (Hon Hai Precision Industry) is hiring talent to develop a logistic system for its e-commerce business to help speed up product deliveries and is looking to build the system via its existing logistic system for IT product shipments, according to sources from the upstream supply chain. Eyeing the development potential of the e-commerce business, the Foxconn Group has begun to enhance its presence in the segment in China by promoting its own online shopping platform, flnet.com.
SAN FRANCISCO–(Business Wire)–AppDirect, the cloud service commerce company, today announced it has won the Cloud Asia Award for Best Cloud Platform. The awards program is part of the Cloud World Series, a series of cloud industry-focused events held in locations around the globe. Judged by an independent board of experts in cloud computing, the awards celebrate the drive, innovation and hard work taking place across the global cloud computing industry.
US-based ecommerce giant eBay plans to increase its ownership in Indonesia’s MetraPlasa from 40 percent to 49 percent, local media outlet Berita Satu reports. MetraPlasa was originally established in late 2012 as a joint venture between eBay and Telkom Indonesia to head up local ecommerce initiatives. The news comes just days after the official launch of Blanja, MetraPlasa’s consumer-to-consumer ecommerce site in Indonesia.
China Daily/Asia News Network– Shopping via mobile phones is fast becoming the main option for spending money in China, with transactions from the not-so-developed western region of the country being the driving force, a report said on Monday. The report, prepared by Alipay, the payment arm of e-commerce giant Alibaba Group Holding Ltd., said more than half of all online payment transactions were made with mobile phones so far this year.
American electronics retailer Best Buy finally bids farewell to its failed China experiment as it sells some of its assets to a Chinese firm. Best Buy reportedly reached a final agreement with Jiayuan Group, a Chinese mainland real estate company, to sell its Chinese subsidiary Five Star Appliances to the latter. Best Buy said the sale of Five Star Appliances will not affect the operation of its other brands in China.
JAKARTA, Dec 8 — Indonesia is set to lead a boom in online shopping across Southeast Asia as Internet access explodes and investors pour money into a rapidly growing host of retail start-ups, analysts say. Much like China several years ago, the region is enjoying a rapid increase in web access that observers say is starting to drive a fundamental shift in shopping habits among the emerging middle class.
China’s Singles Day is well behind us at this point, but its American analog, Cyber Monday, just happened earlier this week. China’s online shopping spree brought in more money – there was little doubt of that – but according to Sina Tech, it was also way more mobile: Mobile ecommerce is growing in the US too, and this year’s Cyber Monday mobile numbers were up compared to last year, but they’re still nothing compared to China’s.
China’s internet icon Jack Ma is unleashing the power of e-commerce in Xinjiang — a move that could help counter extremism in the restive border region. The Alibaba group, Mr. Ma’s brainchild, is now geared up to tap the economic potential of Xinjiang and other neighbouring areas to develop e-commerce, cloud computing and big data. “From here, we see an opportunity, an opportunity to sell produce from Xinjiang to the entire country and the world,” said Mr. Ma, recently at the Xinjiang E-commerce forum. He added: “Cross-border trade will be our next priority.”
MUMBAI: Shopping online through smartphones is expected to be a game changer shortly and industry experts believe that m-commerce would contribute up to 70 Pct of their total revenues. “In India, the mobile internet traffic now outweighs personal computer traffic. With increasing penetration of smartphones, India is all set to be a massive market for m-commerce. The marketing strategies for e-commerce companies will increasingly be tailored to suit the rising adoption of smartphones, social media and improving customer experience across touch points and platforms,” Amazon India vice president and country manager Amit Agarwal said.
One of our discussions at Startup Asia Jakarta 2014 explored how Indonesia can learn from developed startup ecosystems overseas. During the panel, Tech in Asia had the opportunity to compare three very different ecommerce markets to the world’s largest archipelago: Japan, Silicon Valley, and China. The session featured Sonita Lontoh, founder of the Silicon Valley Asia Technology Alliance, Takeshi Ebihara, founding general partner at Japan-based Rebright Partners, and James Tan, managing partner at China’s Quest VC.
Chinese B2C e-commerce website JD.com signed a letter of intent with the government of Mayong in Dongguan for JD Group to invest CNY2 billion to build a modern service industrial park in Mayong. By locating itself in Mayong, JD will make Dongguan its important business support point in the South China region and about 50% of the company’s business in this region will be covered by this new industrial park.
Australia is one of the most affluent and advanced countries in the world, and it is home to many multinational companies. These companies managed to achieve success both domestically and globally because they are able to develop great products and marketing campaigns that are appealing to consumers around the world. Businesses of all sizes can learn valuable lessons from them. Here is a look at a few of the top Aussie companies that succeeded in taking their brands global.
The OnePlus One smartphone has started an invite distribution for buying their smartphones in India through an exclusive contest. In the contest, participants need to post a quote along with their #neversettle hash tag and take a selfie. OnePlus will choose 100 lucky winners from among the posted picture to get the right to buy a phone in India. The entire contest strongly hints that the smartphone manufacturer is about to start selling devices in India through a local seller. According to sources, Amazon India is about to get the unique selling right for this smartphone.
Taobao, China’s smash-hit ecommerce marketplace run by Alibaba, will get an international version in English and other languages, said company founder and chairman Jack Ma today. Ma’s remarks came during a speech at the World Internet Conference and were reported by Reuters. Taobao is a little like Ebay in that it involves person-to-person selling, but many of its merchants are small businesses selling new goods, in contrast for the tendency of Ebay to be full of random people selling secondhand stuff.
While Chinese shoppers have always been able to buy many goods from Amazon.com and ship them into China, a new program by the company will handle tariffs and localization of product descriptions to smooth the user experience. Amazon.cn announced that its Chinese-language international shopping store started trial operation on November 11, 2014. That day was important as being the Alibaba-inspired Singles’ Day online shopping experience. Amazon’s move to begin its service on that day is a weak way of challenging Alibaba’s monopoly of the Chinese-language e-commerce ecosystem.
Most technopreneurs in Indonesia have a positive outlook on the archipelago’s potential for new ecommerce enterprises. This much is evident as SoftBank and Sequoia Capital are handing out checks for US$100 million. But according to Albert Lucius, co-founder of Kudo, Indonesia’s ecommerce sector is hampered because less than 6 percent of locals actually own credit cards. Lucius describes his company as a tech firm that offers a new way to shop online through physical point-of-sale kiosks in public places around Jakarta.
Before Singles Day, we laid out four things to watch for to measure Alibaba’s success. One of them was whether the company broke US$9 billion in sales. It did. Another was whether it could deliver on promises to ship quickly thanks to its recent additions in logistics and delivery. The answer to that question is less clear. Alibaba’s delivery subsidiary Cainiao reports that in the three days following Singles Day, it delivered more than 40 million packages. But while that may seem like a lot, Cainiao says that Tmall’s Singles Day sales generated about 278 million delivery orders.
Southeast Asia’s ecommerce scene was rocked yesterday when Naspers, Schibsted Media Group, Telenor Group, and Singapore Press holdings (SPH) put an end to their rivalry, and decided to join forces instead. There are four Asian countries affected by this change: Indonesia, Thailand, the Philippines, and Bangladesh. Brad Porteus, OLX CEO of Southeast Asia, explains to Tech in Asia how OLX’s operations will change in those four countries.
In a monumental e-commerce splurge, Chinese consumers bought a whopping US$9.3 billion in goods on Alibaba Group’s sites on Tuesday, as part of a major online shopping festival that took the country’s Internet market by storm. Local e-commerce giant Alibaba tallied the final figure Wednesday at midnight local time for what’s known as the Singles’ Day holiday in China, an annual event where online retail sites in the country offer big discounts on products.
The Chinese e-commerce market will grow at annual rate of 25 percent to reach US$718 billion in 2017, predicted management consulting firm A.T. Kearney. With the Chinese consumers’ voracious appetite for online shopping, China is well on her way to meet that projection. For instance, Alibaba reported US$2 billion in sales within the first hour and 12 seconds of its 11.11 Shopping festival. Also known as Singles’ Day, the 11.11 Shopping festival is a 24-hour online sale held on 11 November annually, which is similar to Cyber Monday and Black Friday in the United States .