A large majority of Taiwanese who make purchases on mobile devices spend more than NT$1,000 (USD31.9) a month, according to a survey conducted by the government-sponsored Institute for Information Industry.
The Market Intelligence Center (MIC) under the III, cited a survey as saying that almost 70 percent of respondents who have purchased goods through their mobile devices spent at least NT$1,001 (US$31.68) a month on such purchases.
FENDI (LVMH Group) announces the launch of its e-commerce in 28 European countries starting with this year. Japan will be followed by the US in 2016. The strategic retail approach towards e-commerce follows many other top luxury fashion brands, with several to follow suit by the end of this year.
EBay plans to cut 2,400 jobs, or 7 percent of its staff, in the first quarter to simplify its structure and boost profit ahead of a planned separation of its business.
The job cuts will fall across its marketplaces, PayPal and enterprise businesses.
They come as the e-commerce company reported on Wednesday that its fourth-quarter net income rose 10 percent on continued strength of its PayPal payments business, which it expects to spin off in the second half of the year.
Spencer’s Retail Ltd, a CESC subsidiary, will finalise its e-commerce plan by April. Shashwat Goenka, Sector Head of Spencer’s Retail, told reporters that the brick and mortar stores and the e-commerce prices, however, would be the same. “We would freeze the e-commerce business model within next couple of months. Then over a timeframe, we would implement it. We are likely to begin with a few categories of products for our online store,” he added.
Asian fashion e-commerce start-up Zalora aims to become a multi-billion dollar company, and according to managing director Michele Ferrario, Southeast Asia's burgeoning market holds the key to achieving that goal.
"Singapore is well-served in terms of online and offline retail, but when you think about smaller towns in Indonesia, the Philippines, Vietnam and Thailand, people there do not have the same access to fashion as people in developed markets," he told CNBC's "Managing Asia."
An agreement between Microsoft (China) and Alibaba Group Holding Limited (Alibaba Group) is expected to enhance the protection of Microsoft's intellectual property rights (IPR) on the two most popular e-commerce platforms in China operated by Alibaba - Taobao Marketplace and Tmall.com.
The cooperation is also expected to strengthen anti-counterfeit measures already in place on both platforms.
Australian footwear brand Emu has launched a global transactional website to serve key markets including the UK and Europe, New Zealand, China, Canada, the US and Japan.
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Cyber attacks agains US retailers declined by as much as 50 percent since 2012, but the number of records stolen from them remains at near record highs, a new IBM study shows.
IBM Security researchers recently reported that during the year cyber attackers still managed to steal more than 61 million records from retailers despite the decline in attacks, demonstrating cyber criminal’s increasing sophistication and efficiency.
Chinese e-commerce giant Alibaba has for the first time unveiled the trade details of its major global business unit Tmall Global, revealing a tenfold increase since it was founded 10 months ago, reports the Shanghai-based China Business News.
The power of the Web is enticing FMCG and consumer durables companies to pre-launch niche and premium products on e-commerce sites before they hit retail shelves. This helps test the acceptability of their products in the marketplace. Marico chose the e-commerce model for brands such as Set Wet and Livon.