Posts

Before you rush off for your Valentines dinner, here’s what you need to know.

1. Thailand Post benefiting from ecommerce

Thailand Post says revenue from its parcel delivery service including express mail service (EMS) will exceed half of its total revenue in 2019.

Revenue from its parcel delivery service accounted for 42% of the total in 2016.

“The modernisation is not only aimed at serving the booming ecommerce market. The development is also intended to create sustainable revenue streams for us, serve consumer needs and accommodate the government’s digital economy.”Said Samorn Terdthampiboon, President of Thailand Post.

Read the rest of the story here.

 

2. Google Shopping Ads launches in Singapore to close gap between search and purchase

Google Shopping Ads help shoppers find the products they’re searching for and quickly connect with the merchants who sell those products. Shoppers will see them alongside Google Search results on google.sg

 

Retailers can use Google Shopping Ads to promote the products they sell, boost traffic to their website or local store, and find better qualified leads by putting product images, prices, and their business name in front of people searching on Google.

 

Read the rest of the story here.

3. SingPost shares hit by risk of impairment for US ecommerce acquisition

Shares of Singapore  Post fell to more than a five-month low after a US ecommerce firm it acquired in 2015, TradeGlobal, has been performing poorly. SingPost reported that its net profit for the third quarter fell 27.9% to $31.4 million from a year earlier on the back of operating losses in its US ecommerce business, costs related to the new Regional ecommerce Logistics Hub and a fall in domestic mail volumes.

Read the rest of the story here.

 

4. Recommended Reading: With Amazon books , Jeff Bezos is solving digital retail’s biggest design flaw

Technically the stores are still an experiment. But after visiting one it’s clear that this is in some ways an ingenious refinement of the bookstore idea—what Warby Parker is to eyeglasses and Shake Shack is to fast food, Amazon Books is to Barnes & Noble. The store solves one of the biggest problems with online shopping: discoverability.

Read the rest of the story here.

 

Welcome back from the weekend. Here’s what you need to know.

 

1. Jack Ma not canceling on Indonesia

“We acquired Lazada so that we can be in Indonesia as well as five other Southeast Asian countries. Obviously Indonesia being the largest market.” Said Joseph Tsai, vice chairman of Alibaba.

Read the rest of the story here.

 

2. Lippo Group betting on e-money for digital age

Indonesia’s Lippo Group is turning ecommerce, electronic money and other information technology-related enterprises into a new pillar of its business, closely monitoring spending trends to gain a better foothold in the greater Southeast Asian market.

Read the rest of the story here

 

3. China Singles Day: a retail goldmine

Chinese retailers are outperforming the global competition, with an average time of 3.4 seconds before their websites become usable for Chinese customers (compared to 7.7 seconds for global retailers).

H&M stood out as a shining light amongst the global retailers; with an average time of just 2.4 seconds before customers could start interacting with its website from China.

Read the rest of the story here. 

No time to catch-up with today’s headlines? Here are the key round-ups of ecommerce news.

1. DocuSign partners with major payment providers to offer pay at signing

 DocuSign built a $3 billion valuation by providing a simple way to execute an electronic signature. The company has partnered with several major payment providers including Visa, Mastercard, Apple Pay and Android pay (and PayPal will be coming on board some time in 2017, as well). Read the rest of the story here.

 

2. Timberland Asia goes online

Footwear and apparel brand Timberland Asia has partnered SP eCommerce, a Singapore Post company, to launch its official ecommerce store for the Southeast Asian region. Read the rest of the story here.

 

3. Indonesia’s WeShop bags 7-digit funding from Vietnamese, Malaysian investors

This fund will be used to promote the benefit of worldwide shopping to online consumers and to strengthen the operation and customer service for WeShop Indonesia and other markets across Southeast Asia. Read the rest of the story here.

If you had no time to scan the headlines this weekend, or had a particularly hectic Monday, we’ve got you covered with the latest ecommerce headlines.

1. Lazada partners with 40 Vietnamese retailers

Lazada expects the deals will help it cater better to local consumers, developing its business throughout Vietnam market with the message “whatever you buy offline, you can buy it online”. Read the rest of the story here.

 

2. Jojonomic raises $1.5m to help small businesses manage reimbursements

About 40 companies are currently using Jojonomic – some of the names are familiar because they’re also local startups, like Go-Jek, MatahariMall, Lazada, Veritrans, Kudo. Jojonomic has handled thousands of reimbursement claims, according to the company. Read the rest of the story here.

 

3. Alibaba’s logistics unit Cainiao seeks fresh funds but only from investors who don’t mind losses

While Cainiao Smart Logistics Network Ltd. needs funds to continue its investment in its distribution network, it only wants the backing of investors who endorse its model of incurring losses to build scale. Read the rest of the story here

 

4. SingPost introduces Singapore’s first islandwide open parcel locker service

Singapore Post Limited (SingPost) introduced Singapore’s first islandwide open parcel locker service: Rent-a-POP, an exciting new service for POPStation. Read the rest of the story here.

 

5. Chinese Cross-Border Ecommerce Has Reached Inflection Point, Will It Last?

Mainland chinese cross-border ecommerce reached $17.963 billion in 2015 and a turning point, says new research from international management consulting firm Oliver Wyman. Read the rest of the story here.

UNIQLO, Japan’s global fashion label, will open an online store for the Thai market next Friday, in a move that will complement its physical stores by offering unlimited items, nationwide coverage and around-the-clock access to consumers.

Chanvit Khieonavavongsa, marketing and public relations director and head of ecommerce at UNIQLO Thailand, said the ecommerce channel is a means of answering the demand for broader coverage, since the firm has consistently received queries from consumers who do not live in those areas where it has branches

Entering the Thai market nearly five years ago, UNIQLO currently has 32 physical branches in nine provinces, covering around one-third of the population.

Chanvit said the online channel would not, however, decelerate UNIQLO’s expansion of its physical outlets in the Kingdom.

The Thai online store is the Japanese fashion label’s 12th worldwide, following similar stores launched in Singapore in 2014 and in Malaysia last year.

UNIQLO has assigned Singapore Post to handle logistics and delivery for orders placed via the Thai online store, with guaranteed nationwide delivery of between one and three days. The company charges no delivery fee, while the packaging charge is waived for orders of above 1,500 THB.

Thailand’s Internet penetration rate is expected to reach 56% this year, or 36 million people, growing over 20% from last year, while about 42% of Internet users have experienced buying online.

The estimated value of the Thai ecommerce market last year was 1.2 trillion THB, up 3.65% from the 2014 level. Beauty and fashion together accounted for 42.6% of all online transactions. Chanvit said UNIQLO sales in Thailand so far this year were still in line with its target.

A version of this appeared in The Nation on July 23. Read the full version here.