Online news

03 August 2018
Online is one of the world’s fastest-growing grocery channels. But what does it look like in Asia, and who are the retailers to watch? Shirley, our programme director at IGD Asia , highlights some of the trends. There’s a global revolution taking place in grocery retail And we’ve identified three critical battlegrounds. Will they favour a larger store or a small convenience shop? Wil...
02 August 2018
Starbucks China and Alibaba have announced 'a deep, strategic New Retail partnership'. Alliance between giants Next month, Starbucks China will begin to offer coffee delivery via Alibaba's Ele.me. The service will be available at 150 stores in Beijing and Shanghai and the coffee chain will also open delivery kitchens to fulfil orders. The service is expected to be rolled-out to more than 2,...
25 July 2018
CP (Charoen Pokphand) Group has entered into a joint venture with Inagora, a Japan-based platform specialising in selling Japanese goods to Chinese consumers. Boost to Inagora's Chinese business Inagora has about four million registered users and carries 40,000 products including food and household goods on its mobile app and other channels to Chinese shoppers. It has opened a physical stor...
19 June 2018
Alibaba has opened an office in Malaysia, its first country office in Southeast Asia. First Electronic World Trade Platform (eWTP) hub outside China The new office will serve as a one-stop solution centre for local businesses, helping them identify global trade opportunities and take advantage of digital innovations. It will offer training courses to assist young entrepreneurs to export the...
31 May 2018
New research launched by IGD in association with The Consumer Goods Forum anticipates transformation ahead for online food and grocery retailing. Due to be highlighted at The Consumer Goods Forum’s annual Global Summit in Singapore in June, we argue there are three main reasons why no grocery retailer or supplier can afford to downplay online retail: 1. Across most of the world, online is a...
09 May 2018
JD.com has reported a 33.1% increase in revenue for the first quarter ending 31 March 2018. Overall performance Net revenues for the first quarter of 2018 were CNY100.1bn (US$16.0bn), an increase of 33.1% from the first quarter of 2017. Annual active customer accounts increased by 27.6% to 301.8m in the twelve months ended March 31, 2018 from 236.5m in the 12 months ended March 31, 2017. ...
09 May 2018
Alibaba has expanded into South Asia through its acquisition of Daraz. Who's Daraz? Daraz was founded in 2012 by Rocket Internet and operates in Pakistan as well as Bangladesh, Myanmar, Sri Lanka and Nepal. Rocket said in a statement that Alibaba has acquired the entire Daraz business. The website will continue to operate under the same brand following the sale to Alibaba. Daraz is mainl...
09 May 2018
Walmart has made its boldest move in India by acquiring an approximately 77% stake in Flipkart, the country's leading ecommerce operator, in a $16bn deal. What's going to happen? The world's largest grocery retailer has agreed to acquire an approximately 77% stake of Flipkart for US$16bn, which would make it the largest deal in India's ecommerce space. The remainder of the business will be ...
03 May 2018
Amazon, according to reports from CNBC, has made a formal offer to buy 60% of Flipkart, its biggest ecommerce rival in India. Amazon continuously investing in India Amazon has been investing in India to expand its product ranges and to ship goods to shoppers faster. It also reportedly offered to buy a 51% to 55% stake in Flipkart two years ago. A new battle with Walmart It was reporte...
20 April 2018
UK retailer Iceland is partnering with JD.com to make its debut in the Chinese market. Flagship store on JD Worldwide The Iceland flagship store on JD.com’s cross-border ecommerce platform, JD Worldwide carries six key categories: snacks, beverages, baking, baby, skin care and personal care. There are . Popular products available on the store include Iceland’s own-brand biscuits, cereals an...