Thailand's e-commerce market is forecast to top 1 trillion baht in 2016, driven by the rise of smart devices, the entry of foreign vendors and the government's commitment to the digital economy, says the Commerce Ministry.
Thailand's e-commerce will continue to thrive for years to come," Pawoot Pongvitayapanu, president of the Thai E-Commerce Association, said on Monday to open the Business Development Department's Thailand Online Mega Sale event, which runs through Dec 30.
Chinese brand owners can't afford to ignore digitalisation as China's online retail sales may grow 25 percent annually through 2018, three times faster than traditional retail, Bain & Co said on Wednesday.
An efficient infrastructure, investment from innovative major online players and Chinese consumers’ growing demand for online and mobile shopping have helped the country's online retail sector boom, said the consulting firm's new report, Riding the Digital Wave in China.
Australia was once Asos' largest market outside Britain. In 2012, the British online fashion retailer was flying four jumbo jets of clothing to this country each week.
But Asos revealed this week international sales, comprising 57 percent of its total sales, were down 2 percent in the first quarter to GBP145.5 million (USD228.6m).
And "rest of world" sales, of which Australia is estimated to comprise half, fell by 6 percent to GP58.5 million in the three months ended November 30.
Increasing smartphone ownership and investment from retailers are fuelling the rapid growth of m-commerce in China.
New research from OC&C Strategy Consultants Greater China reveals that mobile shopping in the country is expected to drive total e-commerce growth to CNY5 trillion (USD) by 2020.
The research show that smartphone penetration in China has risen from near zero in 2007 to around 30 percent of the population today and mobile is becoming the de facto device for online shopping.
US online sales giant eBay is seeking to increase its ownership in Metra Plasa, a joint venture with Telekomunikasi Indonesia that focuses on e-commerce business, Telkom's acting chief said on Monday.
Metra Plasa, the operator of local e-commerce site blanja.com, is 60 percent controlled by Multimedia Nusantara, a subsidiary of Telkom, while the remaining 40 percent is owned by eBay.
Nuance recently opened an online duty free shop for passengers passing through Kempegowda International Airport, Bengaluru.
For the first time in India, shoppers may now pre-order online and collect duty-free products at the airport. The shopping portal offers all products available at the store and caters to the busy, tech-savvy passengers, which Nuance said constitute majority of international travelers at the Kempegowda International Airport
With ongoing advances in mobile Internet technology, e-commerce in China continues to shift from desktop PCs to smartphones and other mobile devices, a new report released by China's largest online payment service provider Alipay showed.
Nearly a third of users are still careless when making online transactions, which poses for banks and e-payment systems, according to a survey conducted by Kaspersky Lab and B2B International.
Cybercriminals are not only interested in bank card numbers, login credentials for online banking and e-payment accounts are also firmly in their sights. Yet 31 percent of respondents admitted they paid little attention to the security levels of the sites where they enter their personal or financial data.
Google's online shopping festival (GOSF), slated to start on 10 December, might face greater resistance from traditional retailers compared to that faced by Flipkart during its recent Big Billion Day sale. While Flipkart clocked USD100-million gross-merchandise-value (GMV) sale within 10 hours of the kick-off of its one-day festival, the Google event holds out a bigger threat, as not only will it be spread over three days, it will also have more sellers and categories.
Visitors to any of the 100 stores of Firstcry across cities of India would soon be able to order online from the 70,000 stock- keeping units of the company with the help of store managers, armed with touch-screen terminals.