Online news

18 June 2019
Rakuten and Seiyu will deliver products from the Seiyu LIVIN Yokosuka Store in Yokosuka City, Kanagawa Prefecture, to visitors in Sarushima via drones. Drone service to launch on 4 July 2019 Starting on 4 July 2019, the new initiative will service Sarushima, a popular sightseeing destination and the only uninhabited island in Tokyo Bay. It will run for around three months, and Rakuten Drone...
14 June 2019
Estimated US$1.2bn to be used to strengthen operations in Flipkart. Intense competition from Amazon and other players Following renewed investments by Amazon into its India operations, Walmart has responded by setting aside up to US$1.2bn to fund Flipkart’s operations. In a recent regulatory filing, the retailer said it has cash equivalents of US$2.7bn at 30 April 2019. Of this amount, US$1...
12 June 2019
After the successful launch of Metro Wholesale Myanmar’s online store in March, the retailer plans to open in more locations. Strong performance leading to ambitious target The retailer opened an online store targeting corporate customers in March. The operation already has more than 300 HoReCa (hotels, restaurants and caterers) customers, with Metro delivering fresh and high quality food...
07 June 2019
Carrefour China has been doing whatever it takes to revitalise its business to stay ahead amid fierce competition from both local bricks and mortar players and the ecommerce giants. The retailer has reported significant improvement (over €100m) in its recurring operating income in its Asia business in the last two years, mainly driven by Carrefour China. What has worked for Carrefour China? ...
06 June 2019
For the 16 th year, the 18-day Mid-Year Shopping Festival which culminates on 6.18 has begun. This year, the online giant JD.com is focusing on social commerce and has launched WeChat group-buying in Hong Kong. Engaging shoppers beyond discounts in mainland China Last year, JD.com sold around CNY159.2bn (US$23bn) worth of products during the shopping festival. There are more than 50m produ...
30 May 2019
Amazon and Life supermarket are partnering to sell fresh foods online in parts of Tokyo starting later this year. Access to a greater range of products Under the new partnership, Life will supply a range of products to members of Amazon Japan’s Prime Now service. While Amazon Japan will process payments and handle delivery. The tie-up means that Amazon will be able to quickly offer a gre...
21 May 2019
Online grocer now delivers to 26 cities in India. Targeting to double its revenue by 2020 Leading Indian online grocer Big Basket recently announced its aim to double turnover by FY20. At the launch of its latest operations centre in Kochi, its CEO Mr. Hari Menon, disclosed that sales revenue in 2019 was about US$460m and it is targeting to earn US$904m by the end of 2020. To support its...
16 May 2019
Alibaba Group announced financial results for the quarter ended 31 st March 2019. Strong performance with growing user base The group reported strong performance for the quarter. Daniel Zhang, Chief Executive Officer of Alibaba Group commented that “ Alibaba is becoming synonymous with everyday consumption in China, growing our base to 654 million annual active consumers and extending our ...
15 May 2019
Rakuten has published its results for the first quarter, with Group revenue up 15.9% to JPY280,294m (US$2.5bn) compared with the same period last year. Internet Services revenue up 13.8% Year-on-year revenue from Internet Services, Rakuten’s core business including ecommerce and travel booking services, increased 13.8% to JPY169,975m (US$1,5bn). Profit jumped 620.8% to JPY111,645m (US$1bn) ...
15 May 2019
Honestbee will stop delivering food from restaurants and temporarily suspend laundry service in Singapore from 20 May.  Strategic review to optimise business The retailer will continue to operate its grocery delivery service and cashless supermarket called habitat in Singapore. However, shoppers will not be able to order food and laundry delivery services from next week. The retailer announ...