Online news

29 November 2018
We’ve identified the top five trends shaping the Asian retail market and influencing retailer strategy in 2019 and beyond. Nick Miles, our head of Asia-Pacific, discusses each one and reveals what it means for suppliers in the region. The top five trends Ultimate convenience Partnerships shaping the future of online Health and freshness at the heart Social sh...
27 November 2018
Coupang plans to launch a 'Thai Mall' flagship store on its online platform to sell a variety of exclusive Thai products, including food, beverages, lifestyle, furniture, pet and spa products.  Aiming at THB 200m (US$6m) in 2019 Thailand has been promoting Thai products on Coupang since August, with 899 SKUs, mostly food and beverage items. Thai Commerce Minister Sontirat Sontijirawong said...
23 November 2018
Online grocery retailer aims to increase private label products to 40% of sales revenue. Extending into new categories BigBasket, India’s leading online grocer, has announced that it will increase its private label presence. Hari Menon, co-founder and Chief Executive said, “ Private labels are around 34 per cent of our business now and we plan to scale this to 40 per cent in about a year. T...
22 November 2018
South Korea’s biggest ecommerce company Coupang received an additional $2bn from SoftBank’s Vision Fund to cement its online market leadership. Rapid growth and growth drivers This latest investment follows the initial $1bn investment that SoftBank injected into Coupang in 2015. The online retailer, founded in 2013, has seen its revenue more than doubled over the past two years and is to re...
20 November 2018
JD.com has reported net revenues for the third quarter of 2018 at RMB 104.8bn (US$215.3bn), an increase of 25.1% from the third quarter of 2017.  Key Developments in third quarter Attracting more brands: JD.com has continued to attract major international brands, enhancing its position as the most reliable online channel for accessing the Chinese market. JD.com had 200,000 merchants on its ...
19 November 2018
The ecommerce giant is to have 100 Hema stores in China by December 2018. Nine more stores Hema CEO Hou Yi said the group plans to open nine more stores by 12 th December. The focus is on expansion in Tier 1 and Tier 2 cities in China, including Shanghai, Beijing, Ningbo, Shenzhen, Hangzhou and Guiyang. Currently, it operates 91 stores. Technology-driven concept According to Alibaba,...
15 November 2018
Operating structure of Walmart-Flipkart streamlined as key subsidiaries merge. Online fashion retail platforms integrated into Flipkart operations Following the deal to purchase 77% of Flipkart earlier this year, Walmart India announced several key changes to its operating structure. It will integrate Myntra, an online fashion retailer that was acquired by Flipkart in 2014, into Flipkart’s ...
12 November 2018
Alibaba has wrapped up its 11.11 Global Shopping Festival with a record breaking US$30.8bn of GMV (gross merchandise volume), a 27% growth compared to last year. 11.11 by numbers According to Alibaba Group, more than 180,000 brands participated it the festival this year. Over 40% of consumers bought from international brands. 237 brands topped US$14m (CNY100m) in GMV, including leading inte...
05 November 2018
Alibaba Group has released its Q2 results for the three months ending in September. Revenue increased 54% to CNY85.1bn (US$12.3bn) for the same comparable period last year. Strong momentum into Singles' Day Alibaba has posted an impressive set of Q2 results. Net income attributable to shareholders increased 13% to CNY20bn (US$2.9bn) YoY. While the number of annual active customers increased...
02 November 2018
Shoppers in 16 Japanese prefectures can now benefit from a new online grocery delivery service, Rakuten Seiyu Netsuper, launched by Walmart and Rakuten. What is Rakuten Seiyu Netsuper? The new platform is jointly operated by Seiyu (a subsidiary of Walmart) and Rakuten, and is a product of the strategic alliance between the two companies in January. It charges JPY432 (US$4) for home d...