China Tech News — Alibaba is working directly with foreign embassies in China to expand its influence and sales potential around the world. The e-commerce company has opened 11 official country pavilions on its Tmall Global platform and cooperative partnerships between Juhuasuan, Alibaba’s group-buying platform, and 26 foreign embassies in China. A total of 11 countries will launch country pavilions on Tmall Global, an extension of Tmall.com China’s largest third-party B2C platform for brands and retailers.
Many internet enterprises have begun accelerating their expansion into China’s interior since the second half of last year mainly by developing internet and big data businesses in the region, according to Guangzhou’s 21st Century Business Herald. Major e-commerce player Jingdong Mall set up a direct sales channel for agricultural products in Sichuan province, while the country’s two leading internet firms Alibaba and Tencent have ventured into the big data sector.
BENGALURU: Flipkart, India’s most-valuable startup, is gunning for primacy in three focus areas — social shopping, mobile interface and data mining — as it prepares for a second shot at hosting the year’s biggest online discount sale to bolster its position as the leader of India’s online retail market. The Bengaluru company, looking to erase memories of the logistical fiasco that marred its highly touted ‘Big Billion Day’ sale last year, is scrambling to scale-up its technology backend and improve customer experience.
The Chinese government has promised further measures to boost e-commerce as it pins its hopes on the sector as a new growth engine for the national economy. The State Council, China’s cabinet, released a guideline on Saturday saying the customs administrator will streamline customs procedures for e-commerce exports and imports to make the processes simpler and quicker, while the quality supervision authorities will allow collective declaration, examination and release of goods.
China’s e-commerce giant Alibaba sees promising prospects for the development of Russian online trading market, said Jack Ma, founder and chairman of the company. “Although we have only one employee working in Russia, Aliexpress managed to become the No. 1 most-visited e-commerce website in the country,” Ma told Xinhua. Launched in 2010, Aliexpress allows smaller buyers around the world to buy small quantities of goods at wholesale prices.
The Chinese government says it is allowing foreign companies to fully own some e-commerce businesses in the country, as it looks to bolster overseas investment and boost market competition. Effective immediately, the new ruling applied to “online data handling and trade handling services, though, no details were provided on how existing e-commerce operators would be impacted, reported Reuters.
KOLKATA/MUMBAI: The Tata group will launch the country’s first hybrid online retailing venture, a combination of a portal that will list brands and handle payment transactions and brick-and-mortar stores that will set prices, deliver products and provide customer support. Group firm Tata Industrial Services, which changed its name to Tata Unistore Ltd, will spearhead the venture that’s likely to be piloted before the Diwali shopping season. The venture’s brand name is yet to be finalized.
NEW DELHI: Retail e-commerce sales in India are expected to reach $17.5 billion (Rs 1,05,120 crore) by 2018, from $5.3 billion (Rs 31,800 crore) in 2014, according to data analyzed by eMarketer, a digital-research firm, but only two of 10 internet users in India shop online. India’s e-commerce sales in 2014 were $5.3 billion (Rs 31,800 crore) — 80 times smaller than China’s $426.26 billion (Rs 25,57,760 crore) and 58 times smaller than US’s $305.6 billion (Rs 18,33,900 crore).
MUMBAI: When did you last remember a postman knocking at you door? Even though it’s hard to recall such an incident, your friendly neighbourhood postman may now appear at your doorstep more often, delivering a book or a gadget bought on an e-commerce portal. The department of posts now delivers more than two lakh e-commerce parcels daily, double of what it used to a year ago, according to a national estimate. “E-commerce fulfillment (shipping) is a big business opportunity for us,” said Ashok Kumar Dash, chief postmaster general (Maharashtra Circle), India Post.
A study by eBay shows that Singapore’s tech savvy retail exporters, who use the company’s online market place, sell to an average 41 international markets. eBay defines retail exporters as those sellers on its site who garner US$10,000 in sales to global customers (that is buyers outside of Singapore). According to an eBay spokesman, Singaporean retail exporters have been experiencing solid growth on the back of a revitalised US dollar.
Taiwan’s Hon Hai Precision Industry, the world’s largest contract electronics maker, is accelerating its efforts to develop its e-commerce platform, as part of a plan to expand into businesses other than manufacturing. Hon Hai, also known as Foxconn Technology Group, announced May 25 that its subsidiary Hongfujin Precision Industry (Shenzhen) had acquired an import company, Shenzhen Fuxuntong Trading. The announcement of the 80 million yuan (US$12.9 million) investment came the day after Hon Hai’s FoxconnMall.com, a one-stop business-to-business e-commerce portal, went online.
MUMBAI: Diversified conglomerate Tata group, which is giving shape to its e-commerce venture code named Tata Mall has hired between 35 and 50 executives who will work out Mumbai’s new business district, Bandra Kurla Complex, said a person with direct knowledge of the plan. Meanwhile, Reliance Industries is also stepping on the gas and is readying its supply chain, riding on its retail chain Reliance Fresh. It has started hiring executives with experience in e-commerce platforms for its online and strategy teams.
TOKYO: Japanese telecoms group SoftBank Corp is investing US$1 billion in South Korean online retailer Coupang as part of a plan to step up its overseas expansion and as it struggles to turn around U.S. carrier Sprint which it bought in 2013. SoftBank has been turning to overseas deals for growth amid a lacklustre Japanese economy and shrinking demographics. The latest move comes two days after SoftBank said it had increased its controlling stake in Supercell, the Finnish mobile games maker best known for its hit title ‘Clash of Clans’.
NEW DELHI: Eight months ago, the two scheduled a 20 minute meeting. They ended up talking for two hours. It was personal chemistry as much as business rationale that led to Alibaba’s financial arm investing $500 million in Paytm. Shelley Singh finds out how the two friends now plan to challenge the dominance of Flipkart, Amazon and Snapdeal in the $20-billion Indian e-commerce market. Since February this year, a flurry of executives have been travelling the 6,000-km distance between Alibaba’s headquarters in Hangzhou and Paytm’s base in Noida with an urgent frequency.
MUMBAI: Online marketplace Snapdeal has hit a sales run rate of $3.5 billion this month, what is known as gross merchandise value (GMV) in e-commerce parlance, bringing it closer to the scale of Flipkart, the country’s largest e-tailer. A Snapdeal spokesperson told TOI that sales done by merchants on its platform had risen four times in the current month as compared to the same period last year, propelling the etailer’s numbers.
Starting this summer, Chinese e-commerce giant Alibaba is going to sell Japanese cosmetics and other goods through collaboration with Yahoo Japan, according to our Chinese-language sister paper Want Daily. Alibaba will invite approximately 1,000 registered shops and brands to sell on its platforms, which offer a market five times the size of Japan’s. Profits are projected to hit 50 trillion yen (US$403 billion).
NEW DELHI: E-commerce major Snapdeal will allow its users across 200 cities to pay through their credit and debit cards when they opt for pay-on-delivery option. “The solution has been developed in partnership with GoJavas. Now customers can select the pay by card on delivery option, just like they would for COD. We are rolling this out in 120 cities,” Snapdeal vice-president operations Ashish Chitravanshi told PTI.
NEW DELHI: Department of Industrial Policy & Promotion (DIPP) is working on guidelines for e-commerce sector in the backdrop of ongoing tussle between online and offline retailers, a top government official said. The government is aware of the issues between e-commerce retailers and brick-and-mortar outlets and it would “shortly address” this by evolving guidelines through FDI policy, DIPP Joint Secretary Atul Chaturvedi said at a PHDCCI event.
Despite India’s brainy army of computer engineers, Snapdeal.com-one of the country’s largest e-commerce companies and a US$2 billion (S$2.7 billion) startup-says it’s not finding the coders it needs most. The company, which is backed by US-based eBay Inc. and Japan’s SoftBank Corp. is scouring the globe for programmers with a decade or more experience dealing with big data, cloud computing and the software used to interact with customers and suppliers. It’s already bagged one cloud specialist from a startup in Silicon Valley and expects to hire 12 more soon.
The monthly TiE Bangalore Product Showcase held this week featured six startups in e-commerce and m-commerce. The monthly events are a great opportunity for entrepreneurs to demonstrate and validate products to fellow startups and prospective investors – and face tough queries from an expert jury. See also my earlier coverage of the TiE Bangalore Mobile Product Showcase, IoT SIG, Eduthon,Business Hackathon, Retail Huddle, SMAC Day and South Asia Youth Entrepreneur Summit.