Indian consumers are shopping more on mobile devices, and the country's e-commerce giant is banking on that to grow.
"India is a very, very mobile-centric economy," Punit Soni, chief product officer at online marketplace FlipKart, said Wednesday on CNBC's "Squawk Alley." "It's very important to think of product in terms of mobile, in terms of how people will use it on a mobile phone."
Burberry on Monday launched the official Burberry SSG.com store – a new digital collaboration with the Shinsegae Group, the Korean luxury department store.
The custom-built, dedicated space mirrors the brand's own online flagship store, Burberry.com, consistent with Burberry's luxury positioning. It offers Korean consumers a tailored assortment of Burberry products, allowing the consumer to have a seamless experience of the brand both in physical stores and online.
From high street brand Top Shop to tea retailer Twinings, UK retailers have been flocking to set up virtual shops on Alibaba's business-to-consumer site Tmall, and the move appears to be paying off handsomely.
In 2014, sales of British products on Tmall.com surged 94 percent on-year, reflecting both increased supply – as more UK labels opened up sales channels – and growing demand among the country's burgeoning middle class.
In an effort to create a more conducive climate for the e-commerce industry, the Indonesian government plans to issue a set of regulations called the "e-commerce roadmap" in the next three to six months.
The roadmap will provide clear guidelines regarding logistics services, payment gateways and tax – among others – for the e-commerce industry, Coordinating Economic Minister Sofyan Djalil said on Friday.
Amazon.com Inc has opened an online store on Alibaba Group Holding Ltd's fast-growing online marketplace, Tmall.com as it seeks to expand in China, an Alibaba spokesman said.
Alibaba's Tmall offers virtual storefronts and payment portals to merchants. Several western retailers, including Zara owner Inditex, Britain's Burberry and ASOS, have joined TMall this year as they look to boost their presence in China.
Indian users rank second globally when it comes to online shopping through mobile devices, finds Dyn global e-commerce survey. While only 40 percent of those surveyed globally make at least 25 percent of their purchases on their phones or tablets, nearly 80 percent of those in China do the same, followed closely by those surveyed in India (65 percent).
Online retail spending in Australia grew by 9 percent in the year to January to AUD16.6 billion (USD13b), almost double the growth rate of traditional bricks-and-mortar retailers.
But the days of double-digit annual growth rates for online appear to be numbered.
Total online sales grew by just 0.3 percent in January, compared with 0.8 per cent growth in December and a decline of 0.4 percent in November. The 0.8 percent growth figure might reflect later Christmas purchases, as happened in bricks and mortar.
The Indonesian government has begun laying the groundwork to regulate e-commerce activities in the country amid breakneck growth in online transactions, particularly among the country's young and affluent middle class.
Chief economics minister Sofyan Djalil called for a series of discussions between officials from the trade, finance and communications ministries, among others, to discuss a new government regulation on electronic-based commerce a week ago, according to Rudiantara, the communications minister.
Online shopping in Vietnam was continuing to increase and was well-positioned to hold the key to success for e-commerce in Vietnam, according to the MasterCard Survey on Online Shopping 2014.
The MasterCard Survey is commissioned annually and was conducted online from October to December last year in 14 Asia-Pacific countries and 11 Middle Eastern and African countries with a minimum of 500 respondents per country.
Lippo Group announced on Wednesday the launch of an Indonesian e-commerce venture, MatahariMall.com, solidifying its position as the largest multi-format Indonesian retail group.
Lippo has allocated USD500 million in investment over the next two to three years to create an e-commerce company with an expected USD1 billion in sales within one-and-a-half to two years that will become the "Alibaba of Indonesia".