Alibaba and Tencent spent more than USD8 billion last year alone backing often strikingly similar ventures, as the Chinese Internet giants race to create online one-stop-shops to win the digital loyalty of a tenth of the world's population.
Before China became the biggest smartphone market, there was little overlap between the businesses of e-commerce leader Alibaba Group Holding Ltd, social networking firm Tencent Holdings Ltd and search engine provider Baidu Inc.
The bricks and mortar experience is still the preferred shopping choice for Hong Kong consumers, according to the latest CBRE consumer survey.
Conducted in August 2014, CBRE’s first-ever Asia-Pacific consumer survey sought to identify current and future shopping trends across the region. Approximately 11,000 consumers were interviewed in 11 major cities, including 1,001 respondents in Hong Kong.
Matahari Putra Prima, the operator of hypermarket chain Hypermart, opened two new outlets last week in effort to cater to Indonesia's climbing purchasing power.
The listed retailer opened a Hypermart outlet in East Bekasi and another in Kupang, East Nusa Tenggara, according to statements published on the company’s website last week.
Chrisdien Deny, a retail chain with more than 500 locations across China, sells belts, shoes and clothing with an "Italian style" – and a logo with the same font as Christian Dior's.
Helen Keller, named for the deaf-blind American humanitarian, offers trendy sunglasses and classic spectacles at over 80 stores, with the motto "you see the world, the world sees you."
A recent Visa study found that 26 percent of Singaporeans shop online at least once a week – the highest in Southeast Asia. And analysts say that with mobile phone apps that allow consumers to hunt for bargains anytime in a city that is ranked most expensive in the world, the potential for growth in the online retail sector cannot be underestimated.
It took China's biggest retail chain Suning all last year to generate sales of about USD17 billion. Last month, e-commerce giant Alibaba saw sales worth more than half that amount pass through its Tmall website in just one day.
Big retailers like Suning Commerce Group Co Ltd and foreign rivals Wal-Mart Stores Inc and Best Buy Co Inc are struggling to attract customers to their traditional stores in China, where online shopping is booming.
Australian retailers are under threat as international brands expand their online presence.
While supermarket giant Woolworths' online sales grew by 50 percent in the past financial year, it sells just two per cent of its goods online.
Department store Myer says its visits to its website rose by 74 percent during the past financial year, adding online sales more than doubled.
Starbucks recently announced plans to double its store count in China to over 3,000 stores by 2019. It said China and the Asia-Pacific region represent enormous immediate, high-value opportunities for the company.
Belinda Wong - president Starbucks China,said China is the fastest growing market for Starbucks. The company has been in China for 16 years with 25,000 partners working in 1,400 stores in 84 cities, with 3 million transactions every week.
South Korea does not celebrate Thanksgiving, but the hot deals at US online retailers during the holiday season are changing the shopping habits of South Koreans who are aggrieved at marked-up prices of locally made and imported goods at hometown stores.
The volume of goods ordered by Korean shoppers from websites overseas has surged in recent years and sales are forecast to set a record high this year above USD1 billion. It remains small compared with retail sales within South Korea, which are forecast at USD243 billion this year, but is expanding at a faster rate.
The head of Future Group, one of India's largest and most established retailers, admits he can't keep up with web sites like Snapdeal and Flipkart when it comes to spending money to entice shoppers to buy online.
Private investors have poured USD2.3 billion into India's e-commerce companies so far this year, according to consulting firm Technopak, giving them financial firepower to overwhelm shoppers with bargains and deals that brick-and-mortar retailers like Future Group, which runs a host of chains including Future Retail Ltd and Future Lifestyle Fashions, cannot match.