Retail and consumer goods industry news

03 January 2019
The city of Seoul officially launched a zero-fee digital payment system to ease the burden on small and medium sized businesses. The new QR code payment system The zero-fee digital payment system is accessible as an additional feature on existing digital wallet apps such as Naver Pay, Payco, Korea Smart Card and BC Card. Kakao Pay, South Korea’s most widely used mobile payment service opera...
03 January 2019
Regulatory guidelines may have significant impact for ecommerce. Takes effect on 1 February In a move aimed at promoting fair trade in India, the government has announced a series of regulations for the ecommerce industry. From 1 February 2019, online marketplaces will not be allowed to list exclusive products on its platform. Previously, manufacturers and suppliers would work with Amazon o...
21 December 2018
China-based, pure ecommerce retailer JD.com has reached an agreement with Thailand government agencies to help provide Thai companies with greater access to Chinese consumers. Three MoUs signed JD.com has signed three memorandums of understanding (MoUs) with three separate Thai government agencies. These include, Thailand’s International Trade Promotion Department, the Digital Economy Promo...
21 December 2018
Google is expanding its presence in India by rolling out its shopping service. Following the launch Indian shoppers can browse online deals from various retailers using Google Shopping.  Google Shopping helps to compare prices Shoppers in India will be able to compare deals, review prices and search for products from multiple retailers online. The personalised experience will be available t...
19 December 2018
After 180 stores opened this year, more are planned in 2019. Continue to make inroads Indonesian mini-market operator, Alfamart, proposes to open 200 new stores in the Philippines in 2019. Alfamart currently has more than 500 stores in the country, located mainly in residential areas. The new planned stores will bring Alfamart’s Philippine store network to more than 700 by end of 2019. S...
18 December 2018
Japan-based AEON has acquired a 19.9% stake in France-based organic retailer, Bio c’ Bon. 50 new stores planned by 2021 AEON and Bio c' Bon partnered in 2016 and opened a first Japanese store in Tokyo soon after. The joint venture, Bio c' Bon Japan, is owned equally by AEON and Bio c’ Bon. A total of eight stores have been opened in Japan since, with the companies reiterating their aim to o...
18 December 2018
China-based, pure ecommerce retailer JD.com has extended its partnership with technology company Intel. The extension will see the two companies launch a joint lab to help them both “explore the use of Internet of Things (IoT) in smart retail solutions”. Lab aimed at creating retail solutions JD.com and Intel said the lab aims are broad. It will look to create media and advertising solut...
14 December 2018
Indonesia’s largest online marketplace receives additional funds from Alibaba. Funds used to extend its presence in the country In its latest funding round, Indonesia’s online marketplace Tokopedia has successfully secured US$1.1bn from Alibaba Group Holding Ltd. as well as SoftBank Group Corp. Recently, Tokopedia has been venturing into financial products such as digital wallets and vir...
13 December 2018
Alibaba’s Southeast Asia ecommerce business, Lazada, has reshuffled its leadership. New CEO as part of succession plan Lazada Group appointed Pierre Poignant as its new chief executive chairman this week as part of its succession planning. Poignant will succeed Lucy Peng, one of the 18 founders of Alibaba, with immediate effect. Peng will remain as executive chairwoman. Second CEO change...
13 December 2018
Flipkart, a leading Indian online market place, has committed to pushing newer categories such as furniture and groceries over the next three years. Driving grocery growth Flipkart currently provides online grocery services in four cities in India, adopting the monthly basket approach.  Its CEO Kalyan Krishnamurthy commented that Grocery is by far one of the most difficult businesses Flipka...