onelyst

1. Singapore’s Onelyst to launch ‘Rely’: Shop online pay later

Rely allows individuals who do not meet minimum income requirements for credit cards to buy items via installment plans. The eighteen-month-old startup has nabbed a major online retailer as one of its first partners for Rely. It also has plans to enter the Indonesian market next March.

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2. Nestlé aims to boost ecommerce contribution to revenue

Nestlé (Malaysia) Bhd expects to increase its ecommerce contribution to its revenue from the existing one per cent to 10 per cent within the next three to four years. It was also stressed that this continuous increased demand would also mean a positive impact to all its stakeholders, from farmers who supply the raw products, to shareholders and to also the government as Nestlé is here for the long term.

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3. Grocery Wars: Alibaba and JD.com Compete Against Supermarkets, Corner Stores

By 2020, online sales of fast-moving consumer goods will grow at a much faster pace than apparel and electronics to expand fivefold from today and reach 1.2 trillion yuan, according to Yihaodian, one of China’s earliest online grocery sites.

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