To catch the latest fashion trends, e-commerce majors in India are relying on a range of measures, from big data analytics and large editorial teams to artificial intelligence-enabled smart bots.
With fashion as a key division, Myntra, Amazon and Snapdeal are among those to have come up with high-tech solutions to try ensure their inventory of apparel are from the latest ongoing trends. According to a Google report earlier this year, the fashion business in India via e-commerce portals is expected to see annual turnover of USD35 billion by 2020.
Delhi-based e-retailer Snapdeal is confident of becoming the market leader in India's rapidly-growing e-commerce market by the end of this fiscal year through March, co-founder and CEO Kunal Bahl told CNBC early Wednesday.
\According to data by Morgan Stanley, Snapdeal is currently the second-biggest player in India, with a market share of 32 percent. Rival Flipkart, the poster boy of Indian e-commerce, is holding on to the lion share of 44 percent, while US behemoth Amazon accounts for 15 percent of market share.
Chinese e-commerce giant Alibaba Group Holdings Ltd said on Wednesday the value of merchandise it has sold so far during the Singles' Day online shopping extravaganza had surpassed last year's total of USD9.3 billion.
The company, which six years ago turned 11 Nov. into China's equivalent of US shopping event Cyber Monday, could see this year's sales rise to as much as USD13.8 billion, a growth of almost 50 percent from last year's total, according to research firm IDC.
Alibaba Group Holding is open to working with EBay's PayPal to offer more payment options after shoppers bought a record CNY57.1 billion (USD8.97b) of goods during the Chinese company's annual Singles' Day promotion.
Asia's largest internet company also sees Apple's payment system as an option to help Chinese consumers when Alibaba's finance affiliate Alipay isn't accepted, Vice Chairman Joseph Tsai said in an interview in Hangzhou, China. Alibaba said earlier that it beat last year's record of CNY36.2 billion for the November 11 promotion within 14 hours.
China's second-largest e-commerce company JD.com said it has sent a letter of complaint to a Chinese antitrust regulator and formally requested an investigation into rival Alibaba Group Holding.
The complaint concerns a State Administration for Industry and Commerce (SAIC) regulation that forbids e-commerce platforms from limiting or barring their merchants from participating in promotions on other platforms. The regulation came into effect on 1 Oct.
Discretion is paying off for India's largest online lingerie retailer Zivame: its sales have risen five-fold in the four years since its launch and just last week, it received USD40 million in funding from local and foreign investors.
The start-up is one of several e-tailers cashing in on the awkwardness many middle-class women feel buying underwear in public in this deeply conservative society.
Online shopping in South Korea hit the record high as consumers refrained from going outside for shopping after the Middle East Respiratory Syndrome (MERS) outbreak, a government report showed on Wednesday.
Shopping in cyberspace came in at KRW4.78 trillion (USD4.05 billion) in July, up 21.2 percent from a year ago, according to Statistics Korea. It accounted for 15.8 percent of total retail sales, marking the highest since the statistical agency began compiling the data in 2000.
China's largest home and appliance retailer Suning has opened its official stores on Alibaba's Tmall as a key step for the two parties collaboration to drive consumption.
Alibaba said last week it will invest CNY28.3 billion (USD4.6b) in domestic home appliances and electronics device retailer Suning Commerce Co.
Shenzhen-listed Suning will also subscribe to CNY14 billion worth of new shares of Alibaba Group, representing about 1.09 percent stake in the e-commerce giant.
Alibaba has launched an English-language version of its fakes hotline after it signed exclusive deals with international retailers in a push to draw more global brands to its platform. China has gained a reputation for knock-off products and Alibaba has been trying to combat the problem on its own e-commerce sites over the past year.
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.