39% of other consumers start their product journey online. Where exactly are they going to look for items online? Read more
Here are the key ecommerce headlines you should know from today.
1. Foodpanda shuts down operations in Indonesia
Rocket Internet-backed food delivery startup Foodpanda announced that it is officially closing down its operations in Indonesia, less than three months after it first announced that the company is up for sale in August. Read the rest of the story here.
2. More than 50% of shoppers turn first to Amazon in product search
This means that leading into the busy holiday season, the company is advancing its lead over major retailers like Wal-Mart and search engines as the starting point for online shopping. Read the rest of the story here.
3. Criteo and Ovum’s new whitepaper: ecommerce startups must evolve now or fall by the wayside
Millennials and Generation Z consumers, for example, will be demanding more from e-commerce providers, such as the ability to discover, in real-time, unique goods they will not find in big-box retail chains. Read the rest of the story here.
4. India based Betaout is cloud-based marketing software provider that enables all the marketing channels of an ecommerce company to work together.
Some of its prominent clients are Paytm, Goibibo, GOQii, and Tokopedia. “We are working with over 150 ecommerce companies worldwide,” says Nandini. Read the rest of the story here.
5. Alipay and Wechat is changing the way Chinese travelers shop in Thailand
Porameth Rungrongtanin, chief executive of Asset Bright Plc (ABC), a Thai real estate and e-commerce business, said the company is expanding into cross-border retail payment service offering clearing and settlement services. ABC expects to enter into an agreement with Tencent by this year-end to support Chinese mobile-based cross-border payment services. Read the rest of the story here.