Junglee.com, a comparison-shopping website, recently announced a strategic partnership with Quikr.com, India’s leading classifieds website. With the partnership, Junglee.com users can compare prices of new products across hundreds of online shopping sites and also find locally available pre-owned products listed on Quikr.com, on Junglee.com, a company release said.
Mobile payments accounted for 19.5 percent of all transactions worldwide and tablets are the preferred device for high value transactions over smartphones and even PCs in some cases.
These are some of the findings of Ayden's Adyen Mobile Payments Index covering the period September to December 2013.
Ayden said for all verticals except retail, smartphone payments outweighed tablet payments in volume. Yet tablets showed comparatively far higher average transaction value than smartphones or even PCs in the majority of cases.
Online fashion and garment retailing is becoming a mainstream business and will drive India's retail story going ahead, feel investors and other industry players.
That's why private equity and venture capital firms are pumping money into portals such as Myntra and Jabong. Now, the investor focus would be more on profitability.
Online spending in Australia had a solid rise in December, driven by Christmas time sales of electronic games, toys, groceries and liquor.
The National Australia Bank's online retail sales index rose 1.6 percent in the month, seasonally adjusted, and grew by the same amount in November after being relatively flat in September and October.
Online food delivery marketplace Foodpanda and its affiliated brand hellofood received another USD20 million in funding from a group of investors, including Phenomen Ventures.
The company said the new investment will fund its global roll out to over 40 markets by the end of the first quarter this year.
The online marketplace helps restaurants increase delivery sales through online and mobile platforms and provides technology and analytics services.
When was the last time you bought goods in a real store and took the product home with you? For most consumers in Asia, this is not the only shopping option available. You can buy stuff from a store and have it delivered to your home. You can also buy something online and pick it up in a store later. Purely online transactions and mobile shopping are gaining ground as well.
Amazon's profit and revenue both grew in the latest quarter but its results fell below what Wall Street was expecting and shares of the world's biggest online retailer declined after-hours.
Revenue of China's largest e-commerce company Alibaba Group rose 51 percent to USD1.78 billion in the third quarter last year as it continues the expansion of its dominance in the online shopping sector.
The Chinese city of Chongqing will build a big data cross-border e-commerce platform, aiming to sell Chinese products to the world and vice versa. IZP Group, a big data platform company will help the city to set up a cross-border e-commerce industry ecosystem including intelligence, logistics and finance, facilitating Chongqing's entrance into the cross-border e-commerce big data-driven stage, IZP said on Monday.
China's largest internet search engine operator Baidu said on Friday it will take over group-purchasing website Nuomi.com in an effort to extend its service to the offline realm.
Baidu will purchase the rest of 41 percent stake it doesn't own in Nuomi and the deal is expected to be completed in the first quarter this year, according to a joint statement from the two companies.
Nuomi was established in 2010 and Baidu made a strategic investment of USD160 million for a 59 percent stake last year.