E-commerce
Korea-based single-price shopping app Pocket PangPang launches in Thailand
The single-price mobile shopping platform offers items priced over $6.
Korea-based single-price shopping app Pocket PangPang launches in Thailand
The single-price mobile shopping platform offers items priced over $6.
Alibaba CEO Eddie Wu to lead Taobao and Tmall Group
Wu will also serve as head of Alibaba Cloud.
Retail in South Korea grows 8.7% in November
Offline sales saw a 4.5% increase, while online sales grew by 12.7%.
Coupang to acquire online luxury firm Farfetch
It will provide $500m capital to support Farfetch’s operations.
REP Fitness sets expansion in the Philippines through TheRack.Co
Demand for gym equipment and fitness items is growing in the Philippines.
Rakuten Seiyu Netsuper, Inc. to be become a subsidiary of Rakuten
Services under Rakuten Seiyu Netsuper will remain unaffected yet improved.
Coupang plans to acquire Farfetch Holdings
It will drive expansion to South Korea, the world’s highest spender in personal luxury goods.
COP28: Alibaba Group reveals green initiatives including using AI to reduce packaging materials
The e-commerce firm seeks to reduce packaging materials by 15%.
JD Worldwide begins “Bayern Selectives Pavilion” for cross-border e-commerce initiative
The initiative will bring Germany-based products to Chinese online consumers.
Foodpanda partners with iShopChangi for on-demand delivery of over 300 products
Over 300 products within iShopChangi will be featured in pandago.
JD Logistics rolls out new express delivery in North America and Europe
The new international express delivery service will be available in 23 countries outside China.
Klook secures $210m funding round to back business growth
For 2023, the e-commerce app boasted an annualised gross booking value of US$3b.
E-commerce leads China’s FMCG market with 4% YoY in Q3
Smaller formats such as super/mini and grocery stores are also gaining traction.
Delivering the ultimate retail experience: How tech steers the future of shopping in Asia
Omnichannel remains crucial for business operations, whilst AI is proven to be useful in front and back-end.
GoTo and TikTok form $1.5b partnership to support Indonesian SMEs
GoTo’s Tokopedia and TikTok Shop Indonesia will also be combined under PT Tokopedia.
How AI is redefining Amazon’s customer review experience
Over 125 million users posted over 1.5 billion reviews in 2022 alone.
Singapore's retail sales fell 0.1% in October
Total retail sales are at S$4.0b, with a 13.1% online sales proportion.
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Retailers and brands told to harness data for growth
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The tandem should turn insights into profit strategies, Flying Fish Lab says.
The tandem should turn insights into profit strategies, Flying Fish Lab says.
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