Online news

18 August 2017
Alibaba has reported a revenue of US$7.4bn, a 56 percent increase year over year, and  a net income of US$2.07bn, which almost doubled from last year. The company also confirmed a US$1.1bn investment in Tokopedia. 12 million new active users Alibaba reached 466 million annual active users on its China retail marketplaces, a 12 million increase from the 12-month period ended March 31, 2017. ...
16 August 2017
JD's revenue for the three months ended June 30 reached CNY93.2bn (US$13.98bn), an increase of 43.6% year-on-year. However, the company took a net loss of CNY496m (US$73m) in the quarter, after reporting a profit for the first time in Q1. Anniversary sales drove revenue but increased costs Revenue growth was pushed up by the company's biggest ever sales event for its anniversary on June 18,...
11 August 2017
China's hypermarket retailer, Sun Art, is bringing up its ecommerce game with a new delivery strategy. A wide range of products on its ecommerce platform, Feiniu.com, will be delivered in an hour, as long as the shopper resides within 3km of 370 stores.  Renewed focus on ecommerce Sun Art believes that the future lies in O2O stores. By putting more focus on business to business deals on Fei...
11 August 2017
China's second largest ecommerce player, JD.com, delves deeper into offline stores after its launch in February . There are now 92 JD retail experience stores, and this will grow to 300 by the end of this year. Franchise model for fast roll out JD retail experience stores stock about 15,000 SKUs within 200 sq.m spaces, in stores operated by JD's partners. All the products are sourced from ...
11 August 2017
Softbank is placing its biggest investment in India with Flipkart, India's largest homegrown ecommerce marketplace. Banking on "clear winners" in India Softbank has become Flipkart's largest shareholder. It is the biggest private investment ever made in an Indian technology company, estimated to be around US$2.5bn. Softbank is also the biggest investor in Snapdeal and Paytm, two other homeg...
27 July 2017
Amazon has finally entered Southeast Asia with its launch of Amazon Prime Now in Singapore. First country to launch Prime Now before Prime Singapore is the first country where Amazon has brought Prime Now, before introducing its flagship offering Prime. The service is usually exclusive to members of Amazon Prime but will be available to Singapore shoppers that don't have a Prime membership ...
26 July 2017
Amazon is reportedly arriving in Singapore this week. The launch will see Amazon Prime and Amazon Prime Now, besides its regular ecommerce services become available to shoppers in Singapore. Amazon Prime and Amazon Prime Now Amazon Prime is the company’s subscription service that offers free two-day shipping and access to its video streaming programmes and the Kindle lending library. The me...
21 July 2017
Flipkart, India's largest online marketplace, has launched a trial for grocery delivery in Bengaluru, with plans to roll out more pilots to several cities. Unique proposition in the works The company has not announced any plans for a full launch, but has promised some innovative offerings utilising its existing customer data. It had mentioned earlier that meeting expectations for delivery...
18 July 2017
Ecommerce giant Alibaba has opened another three Hema Fresh stores, advancing its ‘new retail’ strategy, which aims to reinvent retail. What’s Hema Fresh? Hema Fresh was founded by Hou Yi, a former executive at JD Logistics, the logistics arm of Alibaba’s rival JD.com. The first Hema Fresh store was opened in Shanghai in January 2016. Alibaba bought into the company soon afterwards. It curr...
11 July 2017
Amazon India will invest US$500mn to build a food supply chain Currently, Amazon operates as an online marketplace in India. It is dependent on third-party sellers for the supply of goods. With the government's approval, the retailer may launch its own private label, controlling the supply chain of its food business. The large investment will give Amazon an edge over the leading online grocery...