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Is it possible to share everything? Umbrellas? Molisan, E Umbrella, OTO Basketballs? Zhulegeqiu Power banks? Meituan-Dianping, Xiaodian, Jiedian Concrete? Duola Bicycles? Ofo, Mobike Above are a few examples of China’s recent headline startups that seem to…
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Discretionary spending, the act of buying things you don’t need by McKinsey’s definition, has been on the rise in China (unsurprisingly) as monthly disposable income of urban households double. What does this mean? More Chinese…
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Vietnam expects to have nearly 100% of its households connected to the internet in the next five years. Currently, 94% of urban households and 69% of rural households in the country have access to the web….
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Outside of the world’s tech ecosystems, the digitization of retail hasn’t always been met with positive reviews. There is a fear of automation taking jobs away from humans, and that fear swells as brick and mortar…
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[Updated July 27 11:12am]: A light version of Amazon Prime, Prime Now has become available in the App Store for Singaporeans (previously only a redirect) as well as the website is live: https://www.amazon.com.sg/primenow. Updated July 26 6:23pm]:…
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To build or not to build? This is the question many retailers around the world are struggling to answer. In the US, the answer is pretty evident. A 31% increase in 2017 retail bankruptcies from 2016…
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A long touted argument about Southeast Asia’s lack of potential as a market for ecommerce has been its severe fragmentation. Indonesia, the region’s largest market may have a population of over 263 million individuals but majority…
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Seasoned entrepreneurs from multiple ecommerce companies at Echelon Thailand 2017 discussed how ecommerce in Southeast Asia has developed so far and where it is heading. On the panel: Orami Group CEO Jeremy Fichet, Box24 CEO & founder…
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Singapore is the most mature ecommerce market in Southeast Asia where 60% of respondents report shopping online. Singaporeans also spend the most online in the region – on average a shopper purchased online goods worth $1,022…
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Thailand’s ecommerce market has long been projected by Google and Temasek to become the second biggest in Southeast Asia after Indonesia by 2025 capturing nearly 13% of the market. Online retail in the country is forecasted…
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Scott Galloway, Clinical Professor of Marketing at New York University, Stern School of Business & Founder of L2 speaks at L2’s Amazon Clinic about how Amazon is disrupting retail and how it’s planning to destroy traditional…
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After speaking with a variety of industry professionals operating ecommerce businesses in China, Thailand, the Philippines and Vietnam, trust makes its way into each conversation. Customers don’t trust merchants, business owners are weary of government power,…
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In the recent years, Southeast Asia has embraced the internet and growth opportunities it provides with arms wide open. As approximately 70% of the population in the region is under 35 years old, the young people…
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1.8 billion out of 7 billion people worldwide are millennials, individuals aged 18-34 whose spending power is expected to reach 6 trillion USD by 2020. 72% of them shop and research for options online before making…
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With pure play online brands around the world adopting offline channels, which retail strategy is really the way to go? Is an online-to-offline (O2O) approach feasible for your brand? David Jou, founder & CEO of Pomelo,…
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Jack Ma, founder and executive chairman of Alibaba Group, participated in the World Economic Forum Annual Meeting held on January 17-20 at Davos, Switzerland where he shared his insights on the future of online trade and globalization. Key…
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Here’s a market overview of Southeast Asia’s online space that everyone in the industry understands so far: The ecommerce market is expected to be worth 238 billion USD by 2025. The region is still relatively young…
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While president-elect Donald Trump is working hard to stop China from becoming a global superpower, China hasn’t slowed its digital hegemony in Southeast Asia – China meaning Alibaba of course. After calling out Southeast Asia as…
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ecommerceIQ is proud to wrap up the end of a successful year with “SPARK 40” – a compilation of the top ecommerce professionals who have contributed to shaping the industry in Southeast Asia. It’s not only about funding….
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Lazada Indonesia co-CEO Florian Holm shares what the marketplace has learned since launching in Southeast Asia’s largest market four years ago. These are the most important highlights: 1. Growth lies outside Greater Jakarta Florian: Growth was seen…
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With 600 million people, a growing middle class and rising internet penetration, Southeast Asia is often considered as the next gold rush for ecommerce. Alibaba’s $1 billion landmark acquisition of Lazada — Jack Ma’s largest overseas…
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It’s been several months since Alibaba’s blockbuster acquisition of Lazada, the leading ecommerce platform in Southeast Asia. When the news broke, pundits and critics debated whether or not each side got a good deal, how it would…
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Speculations broke over the weekend that Lazada, Southeast Asia’s leading online marketplace, was set to acquire Singaporean grocery start up Redmart for $30-40 million – now confirmed. Lazada, fresh off its $1 billion injection from Alibaba,…
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For online shoppers, 11.11 has become a shopping phenomenon. The biggest online sales event of the year in China is co-opted by ecommerce giant Alibaba, where discounts from participating sellers range from 25% – 70% off,…
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Jack Ma appeared in front of 300 Thai attendees at the Ministry of Foreign Affairs on Monday 11th October in a talk titled “Global Trade Revolution: Building a New e-Trade Platform for SMEs”. His talk could…
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Ant Financial, the payments affiliate of Alibaba Group Holding Ltd., acquired EyeVerify Inc., to expand services using the US startup’s authentication technology for securing consumers’ online data and transactions, reports Deal Street Asia. Ant is paying…
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Google has just launched a feature called Shop the Look to bring outfits posted by fashion bloggers into search results, reports Tech Crunch. One initial threat to Google Search was that the majority of today’s content lives inside…
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If you’re in the ecommerce space in Southeast Asia, you’ll know quality information doesn’t come easy. The region has only recently caught the attention of large research and consulting firms such as McKinsey, AT Kearney and Nielsen,…
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Indonesia hosted the 53rd meeting of Pan-Asian ecommerce Alliance (PAA) from August 9 to August 12 in Bandung, West Java, reports Republika. PAA is the alliance of companies with core business in ecommerce and e-business solutions who also…
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Metra Digital Investama (MDI), Indonesia’s Telkom corporate venture arm, has signed an agreement with Australian carrier Telstra’s venture capital arm, Telstra Ventures. The deal will see them jointly explore the investment opportunities in the growing tech startup…
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Amazon just had its greatest quarter ever. Revenues hit $29.1 billion versus the projected $27.99 billion, citing a 28% year-on-year growth. More importantly, it marked Amazon’s fourth consecutive profitable quarter, reporting $513 million in net income,…
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The United Nations Conference on Trade And Development (UNCTAD) wants developing countries to take advantage of the $22.1 trillion global ecommerce market by launching a new ecommerce initiative. Named eTrade for All, the program brings international…
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With Facebook now trialing their new messenger-based payment system in Thailand, the Southeast Asian region is rapidly growing into its social commerce potential. As messaging begins to dominate social interactivity, it is no surprise that businesses…
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Indonesia and New Zealand have agreed to cooperate in the ecommerce sector following the signing of an agreement between MatahariMall.com and Fishpond. The agreement is expected to open a broader market in this digital era. “Through…
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As part of Singapore’s 99 SME campaign, DBS bank and Singapore’s telco company Singtel are launching multiple resources meant to help SMEs with ecommerce and cashless payments. The campaign is entering its second year and continues to further…
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Why We’re Heading Towards a Bloodbath and 4 Strategies to Avoid it Being the new kid on the block means that ecommerce ventures in Southeast Asia have the luxury to learn from others’ mistakes from mature…
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This article originally appeared on TechCrunch Earlier this summer, more than 35,000 industry leaders gathered at Mobile World Congress Shanghai 2015 to discuss the future of mobile, making it the largest-ever mobile-focused event in Asia. Whereas…
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Following in the footsteps of China and the U.S., Southeast Asia is on the cusp of an ecommerce golden age. With online shopping accounting for only 1 percent of retail today, the region is slated to reach double-digit…
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While there is plenty of buzz around brands building their own webstores instead of a strategy focused on distribution through e-tailers such as Amazon, Tmall, or Lazada, Southeast Asian brands are still undecided on whether to move…
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