Once again, Amazon is slower than Alibaba and its many Chinese rivals.
Ecommerce is already big in Asia, and it only has room to grow. As local startups and global players tap into new opportunities, each country also creates its own ecommerce leaders. On top of these sites, social media is even becoming a new avenue for consumers to shop. While many countries still struggle to find better payment options and access to the internet, it’s worth studying how new ecommerce players and the evolving demand of consumers shapes how Asians shop.
MySnappyCart set out to be the Instacart of Hong Kong, but the city is proving to be a whole different animal than those tamed in the West.
The fresh funding will be used for product development and expansion to newer verticals and cities.
FruitDay claims to be the largest fresh produce etailer in China by revenue, and it expects to have more than 10 million users this year.
Expedia has sold off its entire 62.4 percent stake in eLong, worth US$671 million. US$400 million of it was picked up by China's Ctrip.
Malaysia-based iPrice, a site that aggregates a multitude of ecommerce sites in Southeast Asia into a single shopping destination, raises funds from Asia Venture Group for expansion.
Adrian Vanzyl, CEO of Ardent Capital, is preparing to take Indonesia by storm with aCommerce, office supplies, women’s apparel, and cash back shopping tech.
Built by a fashion journo, Bebelian is an Indonesian ecommerce site for pre-owned, branded goods from famous people. The startup aims to redefine used apparel.
Xiu’s investment comes just days after several high-profile luxury brands filed a lawsuit against China’s biggest ecommerce company, Alibaba.
Which is why Chinese hardware startups should be begging for Xiaomi's investment.
Having acquired Axioo, Indonesian phone distributor Erajaya plans to enter manufacturing. Simultaneously, the firm is building an ecommerce fulfillment center.
Scan stuff pretty now.
The partnership will see Kingdee offering its cloud-based services to merchants on JD’s online marketplace.
A repeat wrist slap following similar calls in March.
With this, Homado’s 3,000 architects and interior designers have been integrated into the existing offerings of BedBathMore. It will also start a community.
The lazy economy meets the sharing economy.
SocialShopWave offers a full suite of social commerce features that can be easily plugged into an online store, including social login, wishlists, and reviews.
Flipkart and Myntra claim that it’s only through their apps that they can give a personalized experience to shoppers. But there’s more to the story.