Online Retailing

Lazada introduces e-marketplace to boost revenue

Source: 
Bangkok Post

Lazada, Southeast Asia's largest online shopping mall, has introduced an e-marketplace in a bid to create a new revenue stream and offer a place where sellers and shoppers can meet.

Riccardo Basile, chief executive of Lazada Thailand and co-founder of Lazada Group, said the parent originally sold products sourced itself comprising 13 categories, storing them in its own warehouses.

But now it has added a new business, an e-marketplace that allows potential sellers and buyers to meet on its website.
 

Thailand's Tarad forecasts 81pc growth

Source: 
Bangkok Post

Thailand's e-commerce website Tarad.com expects sales growth of 81 percent this year thanks to a sharp increase in transactions via mobile devices.

Founder and managing director Pawoot Pongvitayapanu said the value of mobile commerce accounts for 51 percent of Tarad's total transactions, a sharp increase from 11 percent last year.

The company formed a partnership with Line Corporation three months ago to provide products via its messaging services.
 

India's furniture category set to expand in e-commerce

Source: 
Business Standard

At a time when Swedish furniture major IKEA is planning to roll out its stores in India, online retailers are becoming increasingly active in this segment.

German Rocket Internet-sponsored FabFurnish and Norwest Venture Partners-funded Pepperfry are among those who have entered the furniture segment. From Maharaja beds to wardrobes, these websites allow one to buy all furniture online.

It is expected leading e-commerce player Flipkart will step into the furniture category later this year.
 

JD.com and Tencent form strategic partnership to transform ecommerce industry in China

JD.com, one of China's top B2C e-commerce companies, has formed a strategic partnership with China's largest internet company Tencent Holdings Ltd to further grow the e-commerce business in the country, according to a news release on Monday.

Flipkart, India's reply to Amazon, sees USD1b sales

Source: 
The Malaysian Insider

Flipkart, India's answer to US online giant Amazon, said on Saturday its sales would cross the milestone USD1 billion-mark this year, ahead of schedule, in the country's exploding e-commerce market.

Founded in 2007 by two ex-Amazon.com employees and university friends, Flipkart.com has become India's biggest shopping portal hit and has drawn backers such as New-York based venture capitalists Tiger Global Management LLC.

Cache-Cache speeds up development in China

Groupe Beaumanoir’s long-standing brand Cache-Cache is setting up its own e-commerce website in China.

The women’s clothing retailer, which currently has 850 outlets in 22 Chinese provinces, already offers online shopping via the Chinese website, Tmall. However, it wants to have its own commerce platform to support its omni-channel web-to-store strategy.

Chinese online book retailer partners with online supermarket

E-Commerce China Dangdang Inc., China's biggest online book retailer, said on Thursday that it has formed a strategic partnership with Yhd.com, a Chinese online supermarket that is majority-owned by Walmart, to launch a flagship channel on each other's platform.

"Click and collect" boost Australian online retailers

Source: 
The Sydney Morning Herald Online

Shoppers have embraced the concept of buying online and collecting their purchases from a store.

So-called "click and collect" is helping Australian online retailers to outgrow their overseas competitors for the first time in three years.

The weakening Australian dollar has also played a part by widening the price gap between offshore and local offerings. But traditional retailers who have finally devoted serious investments to online strategy have seen domestic online get its act together, the NAB online retail sales survey reports.
 

Neiman Marcus ramps up Australian presence

Source: 
The Sydney Morning Herald Online

US luxury department store Neiman Marcus will pour more funds into promoting its website to Australian shoppers, including marketing and marquee fashion events, after Australia shot up the ranks to be one of its biggest sales regions despite the local site only one year old.

Lindy Rawlinson, the senior vice president of e-commerce for Neiman Marcus, told BusinessDay on Monday Australian shoppers had proved themselves eager buyers of a wide range of luxury designer brands with geography was no barrier to the modern shopping experience.

China Post-Tom e-commerce venture to step up expansion after new financing

Source: 
scmp.com

Tom Group, which saw its net loss widen last year, expects its joint venture with China Post to significantly expand this year and become one of the mainland's leading e-commerce service platforms after the business raised USD110 million from its initial round of financing.

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