Technology

Online to offline seen as a marriage of convenience

Source: 
Shanghai Daily

Connecting online to offline is the new Holy Grail for the biggest players in China's internet shopping explosion, whether they be domestic or overseas operators. E-commerce companies in China are queueing up to find stores to align themselves with.

In its quest for existing networks of physical stores, JD.com announced it had taken a 10 percent stake in domestic supermarket chain Yonghui Superstores for CNY4.31 billion (USD673.8 million).

Dick Smith targets small appliances as consumers get connected

Source: 
The Sydney Morning Herald Online

Dick Smith is aiming to snare more than 10 percent of the AUD1.7 billion small appliances market ahead of a wave of new products that consumers will control through their mobile phones and computers.

The retailer, better known for electronics than vacuum cleaners and kettles, has taken a leaf out of the book of rival electronics chain JB Hi-Fi and plans to establish small appliance shop-in-shops under the ConnectedHome brand in about 100 Dick Smith stores over the next five months.

Online retailer MatahariMall sets 20pc market share target

Source: 
Jakarta Globe

Lippo Group's new e-commerce unit MatahariMall is embarking on an ambitious expansion plan, aiming for a 20 percent market share of Indonesia's web-based retail sector by 2020, its chairman said on Wednesday.

MatahariMall.com chairman Emirsyah Satar said the potential of the e-retailer, which is slated for an official launching in September, is similar to Chinese e-commerce giant Alibaba's in light of Indonesia's huge untapped e-commerce market.

In rural China, shoppers go online – with a little help

Source: 
CNBC

E-commerce growth in China's countryside now outpaces that in major cities, though less than one tenth of online purchases made on Alibaba platforms were shipped to rural areas in the first quarter of this year. Alibaba estimates the potential market at CNY460 billion (USD74 billion) by next year.

Wal-Mart buys out China e-commerce firm Yihaodian in online push

Source: 
CNBC

Wal-Mart Stores Inc has taken full ownership of Chinese e-commerce firm Yihaodian.com, buying out the 49 percent stake that it did not already own to accelerate its push online, the US retail giant said on Thursday.

The investment will help Wal-Mart target China's fast-growing online market at a time when largely brick and mortar retailers are feeling the pinch of competition from online rivals and a slowing of the world's second-largest economy.

Alibaba seeks Thai expansion

Source: 
Bangkok Post

Alibaba.com, the world's largest online business-to-business (B2B) marketplace, is planning a major expansion to increase its footprint in Thailand this year.

The move is part of the Chinese e-commerce giant's strategy to expand its presence abroad. The expansion will be in the form of partnerships with local e-marketing companies.

Bunnings shifts focus as it upsizes store network

Source: 
The Sydney Morning Herald Online

Bunnings' focus has shifted from freehold development back to leasehold, a move that allows it to take advantage of tighter yields for commercial assets while it ramps up its national conversion of small-format stores.

The Wesfarmers-owned hardware giant has spent AUD600 million to AUD700 million on its development pipeline this financial year, slightly less than the previous year, Bunnings property development manager Andrew Marks told Fairfax Media.

Yahoo Japan ties up with Tmall

Source: 
Shanghai Daily

Japan's third largest online retailer Yahoo Japan Co jumped the most in two months in Tokyo trading after the company said it will team up with Chinese e-commerce giant Alibaba Group Holding to expand footprint into the world's second largest economy.

Daniel Zhang, Alibaba's chief executive officer, said they will launch "Japanese Pavilion" on the Tmall website with 100 brands and plans to increase the number to 600 in three years.

Rakuten takes stake in Chinese online discount provider Fanli

Source: 
CNBC

Japanese online retailer Rakuten said on Monday it bought a stake of less than 10 percent in Chinese online discount provider Fanli, as it continues a push into overseas markets.

Rakuten – one of Japan's biggest online retailers – is trying to use its stronghold in its domestic market to transform itself from a pure e-commerce firm into a one-stop-site for a global audience, along the lines of Amazon.com.

Supermarkets tap into Vietnam's domestic retail sector

Source: 
Viet Nam News

The considerable potential of Vietnam's domestic retail market is being actively promoted by large retailers looking to expand their businesses at a faster pace.

The Ministry of Industry and Trade said the modern retail model in Vietnam accounted for a quarter of the national retail value. Vietnam has 724 supermarkets, 132 shopping centres and hundreds of convenience stores. Most of these supermarkets and shopping centres are concentrated in large cities. Meanwhile, sale agents are mainly located in rural areas.

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