Want China Times — Taiwan’s e-commerce penetration rate is among the world’s top three, indicating that the country has been successful in developing the business model for retail transactions, according to the Taiwan Internet and E-Commerce Association (TiEA). Addressing the opening ceremony of E-Commerce Expo Asia 2015, Jan Hung-tze, head of the TiEA, said Tuesday that e-commerce now accounts for more than 11% of Taiwan’s total retail revenue, a penetration rate that trails only South Korea and the United Kingdom, but leads the United States and China.
Times of India — NEW DELHI: E-commerce major Snapdeal has said it aims to help sellers raise about Rs 1,000 crore in loans through its ‘Capital Assist’ initiative. Launched in August last year, Capital Assist helps sellers meet their working capital requirement as they scale their businesses on the Snapdeal marketplace platform.
Channel News Asia — SINGAPORE: Online shoppers may have to pay more taxes on goods they order from overseas sites in the future, if countries adopt recommendations by the Organisation for Economic Co-operation and Development (OECD). In Singapore, for instance, Goods and Services Tax (GST) need not be paid for imported items bought online by locally based consumers, except for dutiable products, if the cost, including insurance and freight charges, amounts to S$400 or less.
Tech In Asia — Will all stores eventually move online? Or will the first-mover advantage of offline stores mean that they forever remain an important and significant part of the way people shop? Indian ecommerce site Snapdeal’s latest launch, Janus, shows that it may just be a hybrid of the two. Janus is an omni-channel platform that integrates all aspects of ecommerce – from ordering a product online to customizing it and getting it delivered offline.
Times of India — When Tanuj Mendiratta hit the road in December to raise money for his mobile marketing firm Appiterate, he found not many venture capital funds were keen on investing in business-to-business startups such as his. He needn’t have worried. The company’s product, already being used by online marketplaces such as Snapdeal, drew a lot of interest from Indian internet companies looking to beef up their mobile applications.
TechCrunch — When I moved to Taiwan in 2007, I was struck by the large number of independent designers in the city—and how hard it was to find them. Most only sold at weekend craft markets and their online presences were scattered across different blogging platforms and social media sites. In just four years, however, Pinkoi has dramatically changed that, serving not only as an e-commerce platform for small studios, but also as a community hub.
Times of India — NEW DELHI: Punjabi singer Diljit Dosanjh or Assam’s latest pop sensation may soon be singing praises for Flipkart. India’s largest online retailer is gearing up to launch a large-scale campaign in 20 small cities, marking the beginning of a change in the company’s approach in targeting shoppers.
Times of India — NEW DELHI: India’s e-commerce companies including Flipkart, Snapdeal and Jabong need to gear up for stricter norms on data security, confidentiality of personal information and consumer protection as the country prepares to implement regulatory processes prevalent in a regional trade block. The government is looking at accepting the best practices of sectors as part of the negotiations on joining the RCEP even as it is yet to take a call on opening up the sector completely to foreign investors.
IT News — A drive for industry-wide standards of data exchange with Australian retail operators has resonated globally and resulted in a worldwide effort to make exchanging information with online marketplaces easier. The project, spearheaded by Dick Smith CIO Paul Keen, reared its head midway through this year.
Times of India — BENGALURU: With the launch of the Freecharge wallet on Tuesday, e-commerce biggie Snapdeal is taking on market leader Paytm head on. And whichever way you look at it, consumers will be the big winners, with banks and a host of independent ventures now launching similar wallets and making attractive offers to win users into this segment.
PRNewswire — DUBLIN: B2C E-Commerce trends and developments in the emerging markets ofIndonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam were highlighted in a new report, titled Southeast Asia B2C E-Commerce Market 2015. In this new publication, the Germany-based specialist in B2C E-Commerce and online payment market intelligence reports on the current state and the potential of online retail in Southeast Asia.
Times of India — BENGALURU: Homegrown e-commerce giant Flipkart today announced the launch of its fulfillment centre in Chennai, taking the total warehouse strength in the country to 15. Owing to an increased demand and with a consistent focus on customer delight, the company has invested in improving the supply chain in Chennai and surrounding areas, Flipkart said in a release.
The Daily Star — CHINA’S north-western Xinjiang region, which had lagged behind other parts of the East Asian country for long, saw rapid economic development in the last few years. China is now moving forward to materialise its vision of a New Silk Road for a better connectivity westwards through Central Asia, with Xinjiang as its core zone.
Nasdaq — AGCO Corporation signed a memorandum of understanding (MOU) with Alibaba Group Holding Limited to boost product offerings in the Chinese rural market. Per the deal, the company will offer superior machinery to promote modern agricultural practices in the country. The MOU was signed by Gary Collar, General Manager of Asia Pacific and Senior Vice President of AGCO, and Frank Yu, Senior Director of Alibaba Group’s Rural Taobao business division, in the presence of Fred Yang, Vice President and Managing Director of AGCO China.
Times of India — BENGALURU: Online retailer Flipkart is likely to exit the e-books business as it tries to sharpen focus on retailing physical goods, according to a senior executive in the industry. The company said in a statement that it is evaluating its e-books strategy and is working toward redefining its digital offerings to customers.
Times of India — NEW DELHI: E-commerce major Snapdeal will invest $100 million (about Rs 665 crore) in Shopo as it looks to build up the recently launched venture into a one million seller-strong platform. Launched in July, Shopo is a mobile-only platform, which aims to bring small and medium businesses (SMBs) that cannot register on bigger e-commerce portals.
Vietnam Net — Ha Noi-based CleverAds, said in an online report, that after a year of negotiations it will now provide Alibaba’s Global Gold Supplier (GGS) service to international exporters. Gold Supplier is the highest and most premium level of membership onAlibaba.com, helping maximise exposure to companies and business opportunities.
China Tech News — American beverage provider PepsiCo Inc. and Chinese B2C e-commerce website JD.com have reached a strategic cooperation under which PepsiCo will sell its Quaker high-fiber oat dairy drinks in China for the first time on JD.com. This is reportedly the first time for PepsiCo to launch a product debut via an e-commerce platform outside America. Financial terms of the deal were not released.
China Tech News — Chinese B2C e-commerce platform Tmall.com and China National Petroleum Corporation’s Hunan branch will integrate their resources to launch a mobile payment service model. Tmall.com, which is a subsidiary of Alibaba, said that the company will integrate Alibaba’s ecosphere to help CNPC Hunan implement an “Internet Plus” transformation that includes an online store, mobile payment, big data prediction abilities, and O2O services.
Asia One — One year ago, Jack Ma, the founder and chairman of Alibaba Group, decided to buy a 50-per cent stake in the Chinese Super League football club Guangzhou Evergrande for 1.2 billion yuan (S$268 million). Asked why, Ma half-jokingly replied that he had drunk too much with Evergrande Group’s Chairman Xu Jiayin and had made the decision within 15 minutes.