Online Retailing

African retailer Jumia secures USD149.6m in funding

African online retailer Jumia has secured a new round of investments amounting to EUR120 million (USD149.6 million).

JUMIA is part of Africa Internet Group (AIG) (formerly Africa Internet Holding), a leading Internet group in Africa with 9 companies in 26 countries. AIG is owned by three global experts in e-commerce and African markets: MTN, Millicom (Tigo) and Rocket Internet.

The company delivers the widest range of products from fashion to electronics and employs over 1,500 people across 10 countries.

PayPal merchants bet on China sales this Christmas

Source: 
CNBC

As the countdown to Christmas ticks, Santa Claus isn't the only one making international deliveries. Results from a new survey showed American merchants are looking beyond domestic consumers, and increasingly to China, for more sales opportunities.

Michael Kors launches #InstaKors, a unique social shopping feature

Source: 
cpp-luxury.com

Michael Kors announces the launch of #InstaKors, a unique social shopping feature that allows the brand’s three million Instagram followers to instantly shop the full spectrum of Michael Kors products featured in select posts.

 

Chinese consumers spend more on Single's Day, and with smartphones

Source: 
Shanghai Daily

Chinese consumers still remain passionate about the Single's Day sales campaign as they spent slightly more than last year and online shoppers spent an average of CNY1,169 (USD190) during the 24-hour shopping spree, CNY19 higher than their expected spending, market research firm CTR said in a latest report.

The figure was also CNY154 higher than their average expenditure on last year's Single's Day event.

Chinese consumers spend more on Single's Day, and with smartphones

Source: 
Shanghai Daily

Chinese consumers still remain passionate about the Single's Day sales campaign as they spent slightly more than last year and online shoppers spent an average of CNY1,169 (USD190) during the 24-hour shopping spree, CNY19 higher than their expected spending, market research firm CTR said in a latest report.

The figure was also CNY154 higher than their average expenditure on last year's Single's Day event.

Gap launches online tool for easy gift giving

Gap is making it easy to give gifts this Christmas whether customers prefer to shop online, so stores or via movie devices.

The journey starts with Wish List, an online tool that allows everyone to create a list of desired items across five of the company’s brands - Gap, Banana Republic & Banana Republic Factory Store, Old Navy, Athleta and Piperlime.

The tool allows users to mix and match items at any price points and share them via Twitter, Facebook or email. Shoppers in the US can add up to 30 items – across a mix of the brands.

Ma promises international version of Taobao

Source: 
Shanghai Daily

Jack Ma, the founder of China’s Alibaba Group Holding Ltd, yesterday said the firm will set up an international version of its e-commerce marketplace Taobao to serve shoppers worldwide in multiple languages, including English and Chinese.

Ma made the comments on the sidelines of a meeting in east China’s Hangzhou City between Premier Li Keqiang and Chinese and foreign Internet industry leaders. The meeting coincided with the World Internet Conference, being held over three days in the town of Wuzhen.
 

Apple adds Chinese payment system UnionPay to App Store

Apple's App Store has added UnionPay as a payment option for customers in China.

The most popular payment card in China, Union Pay will provide App Store customers with a simple and more convenient way to purchase apps.

“The ability to buy apps and make purchases using UnionPay cards has been one of the most requested features from our customers in China,” said Eddy Cue, Apple’s senior vice president of Internet Software and Services, adding that China is already our second largest market for app downloads.

India's Snapdeal partners with FINO PayTech

Hoping to bridge the Internet divide to include low-income groups in the e-commerce revolution, India’s online marketplace Snapdeal.com has partnered with FINO PayTech in launching assisted e-commerce centres in semi-urban, rural and low income residential areas across the country.

The move will give access to over 1000 products through the centers, which would be operated by FINO Paytech.

Chinese online retailer eyes booming Latin American market

Following the success of Internet giants like Alibaba Group, Chinese companies are now looking to replicate to expand business in geographic

Chinese online retail is headed in the booming Latin American market, specifically Brazil, Mexico and Colombia, which has a combined online population of over 190 million users.

Following the success of Internet giants like Alibaba Group, Chinese companies are now looking to make their mark in geographic areas not yet saturated like North America and Western Europe. There are, however, challenges ahead.

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