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Here’s what you should know.

1. Zalora Philippines gets funding from Ayala group

The Philippines’ Ayala Corporation has moved into ecommerce with the purchase of a large stake in Zalora Philippines. The group owns 49% of Zalora. The value of the investment was not disclosed.

 According to a 2014 study by Ken Research, the Philippines’ ecommerce market can expect a stupendous compound annual growth rate of 101.4%  from 2013 until 2018, thanks to rising internet and social media adoption.

 

Read the rest of the story here

2. Kejora targets growth-stage startups with $80m fund for Southeast Asia

Kejora, a VC firm and startup hub in Indonesia has announced a new venture fund for Southeast Asian startups. Its target size is $80 million and about a third of it has been secured at this point.

Among Kejora Star Capital II’s backers are Barito Pacific Group, an Indonesian conglomerate; the Charoen Pokphand family, who owns CP food True Corporation. Germany’s Hubert Burda Media is also listed as a backer.

Kejora has strengthened its regional reach with a new focus on Thailand. The team has also opened a new office in Bangkok.

Read the rest of the story here.

 

3. Wal-Mart’s online surge may help it challenge Amazon

Wal-Mart posted its third straight quarter of double-digit online growth, which helped its holiday results top estimates. Clearly, the retailer is benefiting from its Jet.com acquisition. Online sales gained 29% in the fourth quarter, which ended Jan. 31.

Wal-Mart is finally “playing offense,” said Peter Benedict, an analyst at Baird Equity Research.

Even with Wal-Mart’s recent resurgence, it won’t be an easy battle. Almost three out of four Wal-Mart shoppers bought something on Amazon during the holiday quarter, according to data tracker Prosper Insights & Analytics. This means that the retailer is on the right track, but they still have some work to do.

Read the rest of the story here.

 

4. Community Chatter from Quora: What’s it like to be a Chief Marketing Officer? 

Michael Lewis’ Moneyball chronicles how baseball teams evolved to embrace new and more sophisticated metrics to achieve success.

Today’s Moneyballer CMO plans her marketing initiatives the way Billy Beane built the Oakland A’s.  She leverages granular data on customer actions to expand beyond the traditional CMO role, influencing product strategy, customer service, and optimized sales pitches.

The Moneyballer CMO still uses smart agencies and consultants, but insources the core marketing strategy using the increased visibility her technology allows.

Read the rest of the story here.

Here’s what you should know.

1. Southeast Asia startup funding at record high in 2016

But it’s mainly because of GO-JEK  and GRAB.

Total funding in the region hit US$2.6 billion, up over 60 percent from the previous year’s US$1.6 billion.

Country breakdown: Singapore and Indonesia continued to figure prominently on investors’ radar, accounting for $1.4 billion and $967 million of the investments, respectively. Malaysia was next with $84.8 million, followed by Thailand at $79.3 million, Vietnam at $60.9 million and finally the Philippines at $14.6 million.

Read the rest of the story here.

 

2.  Vietnamese startup Leflair raises funding

500 Startups-backed ecommerce startup founded by ex Lazada colleagues, Leflair has bagged a $1 million pre-series A investment from a group of investors led by Hong Kong-based Caldera Pacific Ventures.

Leflair’s approach and focus on brands allows it to grow at a fast pace with reasonable marketing expenditures and without compromising on the quality of the products or customer service, and to work on its long-term vision. Based in Ho Chi Minh, LeFlair has around 80 employees and currently operates its own production studio, warehouse and fulfillment centre, where orders are shipped across the country.

 
Why is the company attractive? Vietnam is a high growth and underserved country, while the platform can eventually be expanded to the neighboring countries adding scalability to the model

Read the rest of the story here.

3. The cold war between Wal-Mart and Amazon continues

This is a battle that just keeps on going. Wal-Mart has shaken up its in-house digital team and has begun to cut prices in order to compete with Amazon.

The changes are meant to make Wal-Mart more “customer-centric,” Jet founder Marc Lore, who is now chief executive officer of Wal-Mart’s e-commerce operation, said in a memo.

Read the rest of the story here

Ready for the weekend? Check out today’s top ecommerce headlines first.

1. Tmall is turning black Friday into a Chinese phenomenon 

Chinese consumers will get some of the same bargains that Americans do after Thanksgiving, from the same retailers with just a few taps on their mobile phones.

Tmall Global, Alibaba Group’s cross-border e-commerce platform, for the first time has partnered with several U.S. brands including Macy’s, Costco and Target to launch the “Same Products, Same Time, Same Price, Same Black Friday” campaign. Starting with a pre-sale that launched on Monday and lasting through this coming Sunday.

Read the rest of the story here

 

2. Lazada CEO: Southeast Asian startups need core strategies to survive

Entrepreneurs need to know their core strengths and “it has to be something that only they can be good at,” said Maximilian Bittner, CEO of ecommerce firm Lazada.

But succeeding in building up core strengths might not be enough to stay relevant, especially with new and disruptive businesses constantly popping up.In the past, companies would have to invent something, whereas today, successful companies are those who meet a need at just the right time. Lazada’s Bittner shared that disruption in the competitive ecommerce space is something he has concerns about.

Read the rest of the story here

 

3. Walmart tackles food safety through block-chain trial

Like most merchants, the world’s largest retailer struggles to identify and remove food that’s been recalled. When a customer becomes ill, it can take days to identify the product, shipment and vendor. With the blockchain, Wal-Mart will be able to obtain crucial data from a single receipt, including suppliers, details on how and where food was grown and who inspected it.

Read the rest of the story here.

Here’s what you need to know before you start the weekend.

1. Vietnamese mobile wallet and phone top-up startup OnOnPay raises pre-series A funding

The startup raised a pre-series A round worth $800,000.

The round is led by Asian venture capital firm Gobi Partners. Existing investor Captii Ventures participated. OnOnPay will use the funding to grow its user base and keep developing its tech.

Read the rest of the story here

 

2. Asia Pacific leads for mobile cross-border shopping

Asia Pacific leads the world in mobile cross-border shopping, according to the third PayPal Annual Global Report, released in conjunction with global market research company Ipsos.

“Selling internationally is a substantial opportunity for merchants around the globe to grow their business,” says PayPal director of global initiatives Melissa O’Malley.

Read the rest of the story here

 

3. Wal-Mart talks up ecommerce

For the third quarter in a row Walmart has beaten analysts’ predictions on revenue and marked same-store sales increases and in Q3 the company also had some more than solid growth in ecommerce lines and on the global scene.

Read the rest of the story here

 

 

It’s Monday again, catch up with key headlines from the weekend here.

 

1. Wal-Mart boosts stake in JD.com

Wal-Mart Stores Inc. has reportedly increased its stake in Chinese eCommerce website, JD.com Inc., to 10.8% from 5.9%. The move comes nearly four months after Wal-Mart inked a deal with JD.com. to sell its Chinese eCommerce business, Yihaodian to JD.com. Read the rest of the story here.

 

2. Thailand considering third tier bourse for startups

The National Startup Committee and Stock Exchange of Thailand (SET) are working on setting up a new bourse to provide another fundraising option for Thai startups. Thailand currently has two bourses, which are the SET and the Market for Alternative Investments. However, the criteria of both exchanges are difficult for startups to meet, for example, the minimum of registered capital and the requirement of profit for three consecutive years. Read the rest of the story here.

 

3. Rocket Internet denies shutting down ecommerce startup Kaymu

“It is not correct we shut down Kaymu,” Klose said in her email reply. “We merged Kaymu and Daraz earlier this year. Under the umbrella of ‘Daraz Global’ Kaymu MM and Shop.com.mm have merged and sellers of Kaymu have been moved to Shop.com.mm platform successfully.”

Read the rest of the story here

Amazon's Prime Day

Source : tomsguide.com

Amazon’s inaugural Prime Day, the company’s global discount shopping event for members only, triggered an avalanche of e-retailing activity that benefited the entire ecommerce industry and created the fourth-busiest online shopping day of the year from a traffic perspective.

SimilarWeb’s news report ‘America’s Online Shopping Frenzy’ shows that Amazon’s web traffic jumped 44.9% on last year’s Prime Day from the previous day’s figure, but that was only the third-largest traffic increase recorded that day among the 25 e-retailers in the study. Wal-Mart, which ran a competing promotion during last year’s Prime Day event, recorded at 61.9% traffic boost that day and Macy’s was close behind with a 58.4% traffic spike.

The data also revealed that these top 25 online retailers in the US recorded 179 million visits between desktop and mobile devices during last year’s Prime Day, a huge increase from their daily averages. Here’s how that compares to what the traffic these web merchants received on the other major online shopping days:

Black Friday (Nov. 27): 274 million visits

Cyber Monday (Nov. 30): 261 million visits

Thanksgiving (Nov. 26): 243 million visits

Prime Day (July 15): 179 million visits

In Southeast Asia, marketplaces such as Lazada could be considered as online competitors of e-retailers but the report reveals that a surge of traffic on a marketplace for a special sale day such as Lazada’s Online Revolution, triggers an avalanche of ecommerce activity for the rest of the online industry.

Amazon is stepping up its promotion for its second Prime Day promotion this year July 12, other retailers have reason to hope for its success as well.

A version of this appeared in Internet Retailer on July 6. Read the full article here.