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 .
China’s biggest e-commerce company claims more than USD1 billion worth of goods were sold over its sites within the first 20 minutes of this year’s 11.11 Shopping Festival. Alibaba says it hit USD1 billion in gross merchandise volume at 12:17 A.M. this morning. As impressive was news that nearly half of all transactions took place via smartphones and other mobile devices. Alibaba Group is rolling out the sale worldwide this year. Globally, the company says the strongest overseas traffic was coming from Hong Kong, the U.S. and Taiwan.
China’s online sales bonanza, dubbed Singles Day, exploded into life last night. With China’s ecommerce market still in a strong growth surge, many anticipate this latest Singles Day spending tally to exceed last year’s. At Alibaba’s HQ this afternoon that was confirmed by the real-time data showing that last year’s full-day total of US$5.9 billion spent by consumers was reached at 1:30pm local time today.
The upcoming so-called “Double 11″ online shopping holiday in China will be a crucial test for China-based Internet service giant Alibaba Group Holding after the group debuted on the New York Stock Exchange (NYSE) recently, according to industry sources. The Double 11 shopping festival, which Alibaba started promoting in 2009, has turned out to be an informal holiday for the country’s single people to jump on to shop online.
The world’s biggest shopping day just kicked off in China with the start of Singles Day, the annual online shopfest. At the end of the first hour of discounts, at 1am Beijing time, China’s two biggest ecommerce sites, Alibaba’s Taobao and Tmall, saw consumers spend US$2 billion (RMB 12.3 billion). Yes, in just 60 minutes. That surpasses last year’s first hour tally of just over US$1 billion on Alibaba’s sites.
Singles Day – November 11 – is right around the corner. And these days in China that means one thing: massive sales on virtually every ecommerce site you can think of. But with massive sales also comes the opportunity for vendors to mislead and swindle consumers into thinking they’re getting a good deal when they’re not. And according to Techweb, China’s State Administration for Industry and Commerce (SAIC) recently held a meeting with ten of China’s top ecommerce companies, including Alibaba and JD, to send a clear message: platforms must take steps before sales are publicized to ensure the deals are legit.
Apple’s (AAPL) CEO Tim Cook sat down for a 30-minute talk at The Wall Street Journal Live technology conference and spoke about Apple Pay, iPhone, iPod and partnering with Chinese e-commerce provider Alibaba. On the subject of Apple Pay, Cook said he understands why retailers are looking to cut the costs of credit and debit cards by establishing their own payment service. But he also said that he believes customers will only use these retailers if they offer the right payment options.
Tokopedia surprised everyone yesterday when it set the record for the largest round of funding in Indonesian startup history. Moments after the news broke of the US$100 million investment from SoftBank and Sequoia Capital, Jakarta’s social media lit up with questions and comments as Tokopedia came under the spotlight. But this big news leaves a lot of room for speculation. There are two questions that the Indonesian tech scene is sure to be asking itself right now.
Here’s more proof that Rakuten is serious about becoming a global ecommerce player alongside the likes of Amazon and Alibaba: the Japanese company today launched Rakuten.co.uk. According to TechCrunch, the new UK marketplace will sell goods from Rakuten and third-party retailers, in addition to offerings from its Kobo ebook store and Wuaki video streaming service.
NEW DELHI: China-based mobile Internet browser company UCWeb today said it has partnered with leading e-commerce firms including Amazon, Flipkart, Snapdeal for a 15-day Diwali shopping festival. “The idea is that you can browse and compare the product prices via UC Browser, to find the best available deals from Amazon, Flipkart, Snapdeal, Myntra, Jabong, Homeshop18 and Shopclues,” the company said in a statement.
If you earn a living off of your own online web store, Alibaba wants your business. The Chinese ecommerce behemoth is partnering with Bigcommerce, a service provider for online retailers, to help international web vendors source products from Alibaba.com, the company’s flagship business-to-business marketplace.
In what appears to be the largest round for an Indonesian startup on public record, online marketplace startup Tokopedia announced its approximate US$100 million financing round, led by Japanese conglomerate SoftBank Internet and Media Inc (SIMI). Sequoia Capital joined in as a follow on investor. With this round of funding, SoftBank and Sequoia Capital representatives will join the company’s board of directors. The funding also comes as Sequoia Capital’s first investment in Indonesia.
BEIJING, Oct. 19, 2014 / — JD.com, Inc.,China’s largest online direct sales company, today announced it has launched operations for the initial phase of its first highly automated “Asia No.1″ warehouse, located in Shanghai. JD.com launched the initial phase of its Asia No. 1 Shanghai warehouse on October 20, 2014. Comprising a total floor space of 100,000 square meters, the initial phase of the Shanghai facility will help increase JD.com’s logistics efficiency, particularly during peak periods such as the upcoming “Singles Day” period, one of JD.com’s biggest sales events of the year, which runs from November 1 to November 12.