An initial public offering by global Internet incubator Rocket Internet in distant Germany could see homegrown online fashion portal Jabong strengthen its position in the burgeoning Indian e-commerce market. Rocket Internet, which is a major investor in Jabong, is planning a USD970-million IPO in the Frankfurt exchange later this year, according to a statement on the firm's website.
Indian private equity (PE) investors are gearing up to participate in the e-commerce growth story. In recent past, back-end logistic players have been on radar of PE players. India's e-commerce market, which is expected to reach USD20 billion by 2020, has seen the presence of five-six large organised specialised logistics players.
The growth of connected device ownership is causing a boom in the online retail sector, with the number of people making online purchases spiking in the last two years in Southeast Asia, particularly Vietnam, global information company Nielsen said in a report.
Doan Duy Khoa, director of Consumer Insights at Nielsen Vietnam, said: "2014 is witnessing a significant growth of e-commerce in Vietnam.
"Entertainment activities such as travel are the key potential areas which continue to see about half of Vietnamese consumers intending to shop online.
Chinese mobile company Xiaomi recently sold out 40,000 units of its new Redmi 1S in just 4 seconds. This flash sale has upset many Indian customers, who took it to Facebook to complain about the limited stock of the smartphone. Earlier, Xiaomi Mi3 created similar hype with flash sales ending in seconds.
Singapore will be the first Southeast Asian country to introduce Uniqlo's e-commerce (desktop) and m-commerce (mobile) platforms to the local market.
Uniqlo (Singapore) Pte Ltd. Managing Director Satoshi Onoguchi said the move is expected to bring increased convenience to local customers with the interactive online experience.
"Being the region's commercial hub, Singapore is our ideal spring board to introduce E-commerce across South East Asia in the near future, including as Malaysia, Indonesia and Thailand," he said.
E-commerce sales might be negligible for consumer durables firms today, but that will not be the case three years from now. It is slated to become a significant channel yielding revenues of about 15-20 percent from about three percent now. Given the growth prospects, companies have been compelled to explore a separate marketing strategy for the online channel this festive season.
Woolworths and Coles' decision to plough tens of millions of dollars into enhancing their online capabilities is finding fertile ground, with groceries and liquor clocking up faster growth for online sales than any other retail category.
It is older Australians, aged over 65, who are doing much of the heavy lifting, especially when it comes to alcohol sales, with that age group spending more on beer, wine and spirits online than younger Australians.
India's search and comparison site Junglee.com has launched a dedicated End of Season Sale (EOSS) page, offering consumers a single platform where they can find the best deals across categories and brands.
The page aggregates all the ongoing discounts, bargains and deals that are on offer from across top fashion websites.
Junglee.com, a comparison and price check site owned by online marketplace Amazon.in, has said in a report that shopping has become seasonal.
The report unveiled by the search site for the first time has analysed that consumer online shopping search trends are changing every season.
China's Wanda Group, Baidu and Tencent announced on Friday that they will establish the Wanda E-commerce Company, a Hong Kong registered joint venture with an initial capital of CNY5 billion (USD814 million).
The partnership expects to integrate their corresponding products and strengths to create an online-to-offline (O2O) e-commerce business model. Plans also include developing payment and e-commerce financial products, building a universal customer loyalty program, big data integration, Wi-Fi sharing, and product integration.