Online Retailing
Alibaba opens group-buying platform to Groupon and others
Alibaba Group has opened its group-buying platform, Juhuasuan.com, to other industry players such as Groupon's Chinese joint venture firm Gaopeng and the country's leading group-buying website Meituan.
Cyber Monday shopping more popular in China than US
eCoupons.com predicted more consumers in China will shop online on Cyber Monday than in the US, UK, Germany and Japan.
According to a new eCoupons.com/Ipsos global survey that released on Monday, 22 percent of Chinese plan to shop online on 29 November versus 17 percent in the US Cyber Monday, one of the busiest shopping days of the year, is the Monday after Black Friday where retailers offer big discounts online.
Market early mover: HK's Hocusadabra launches online children's store
A new online bazaar called Hocusadabra is one of Asia's early-movers into the e-store segment for children.
The store is an online collection of creatively and consciously curated products from all over the globe that "care for, entertain and educate" children. The concept is built around an initiative to support independent designers and artists who use sustainable materials to produce beautifully crafted educational children’s products.
Amazon's new online shopping service Junglee launches in India
Amazon.com, Inc. on Thursday announced the launch of Junglee, a new online shopping service enabling customers to find and discover products available in India. Junglee organises product selection from Indian and global brands, and features buying options from online and offline retailers, including Amazon.com, in one convenient place.
Amazon debuts junglee.com in India
Amazon.com on Thursday announced the launch of Junglee, a new online shopping service enabling customers to find and discover products available in India.
Junglee organises product selection from Indian and global brands, and features buying options from online and offline retailers, including Amazon.com, in one place.
Amazon announces lower profits and warns of loss
Online retail giant Amazon has announced a sharp fall in profits and warned about worse than expected results this year.
Net income for the three months to the end of December was USD177 million down from USD416m in 2010.
The fall came despite an increase in revenues during the period to USD17.43 billion, up 35 percent.
China's online shopping websites to exercise more prudence
China's online shopping websites will exercise more prudence if they launch a price war or sales promotions this year as stiff competition has eaten into their profits, an industry report said on Tuesday.
The websites raised prices by 7.5 percent on average in October but then had to cut prices by more than 10 percent in November and December as they carried out sales promotions, said the report by Etao, the search site of Alibaba Group.
The report said online shopping sites will likely shift their strategy and concentrate on service and quality.
GKB Opticals launches online store for the India market
GKB Opticals, the company offering international eyewear brands in the Indian market, has launched India's largest online store, www.gkboptical.com.
The website will offer more than 50 international eyewear brands, including Ray-Ban, Oakley, Prada, Versace, Tag, DKNY, Dolce & Gabbana, Tommy Hilfiger, Vogue, Maui-Jim and almost 5,000 products.
Thailand's Mall Group to introduce Mglobe shopping site
The Mall Group is teaming up with major partners to expand its online shopping business in the second quarter.
Vice-chairman Supaluck Umpujh said the Thai company is spending THB100 million (USD3.22 billion) on IT upgrades to accommodate the launch of online shopping through www.mglobemall.com.
The group will team with seven partners: Bangkok Bank, Citibank, Thanachart Bank, Thai Life Insurance, Major Cineplex, PTT and TV Pool magazine.
BlueStone.com enters Indian jewellery market
BlueStone.com, an online store for fine jewellery and accessories, has forayed into the Indian jewellery market.
The venture has attracted an initial investment of USD5 million from VC firm Accel Partners and serial entrepreneur Meena Ganesh, CEO & managing director of Pearson Education Services.
