Indonesia’s big conglomerate Lippo Group just launched its ecommerce site MatahariMall. It invested $500M and hopes to become the archipelago’s Alibaba.
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.
A summarized report on Southeast Asia’s growing ecommerce industry. Here are the five things that need to be optimized before we’ll see exponential growth.
Consumers in Thailand are using Instagram stores to discover products and then discuss the sale via Line.
Chinese nails and makeup app Helijia has just announced it has raised $50M in additional funding.
More disposable income is increasing the demand for luxury products in India, but access to luxury brands is limited. Snapdeal wants to change that equation.
Wooplr lets users discover fashion and food products they like, find what’s trending around them through photographs, and recommend those to their friends and t...
The founder was deeply impacted by the story of a young girl who had disguised herself as a boy for 12 years in order to be allowed to attend school.
"The idea for Offpeak was mooted from the hotel and airline industry where they often give discounts during off-peak season, so why not for the restaurants too?...
“As of today, we’re averaging between 120 to 150 job requests a day, with a total of close to 4,000,” says co-founder Jeffri Cheong.
Alibaba and Tencent ramped up the taxi-booking battle in China by incorporating the startup services in their own mobile apps.
Yet another Chinese food delivery startup raises funding. But in this crowded market, is US$500k really enough?
Here are ten interesting Indonesian ecommerce players that are excelling at mobile shopping.
What could go wrong when you're giving away free money? Quite a lot, as Alibaba's Alipay discovered yesterday.
The startup is brand new to Jakarta, and lets anyone build an online store for free. It allows for unlimited products and is designed to thrive on mobile.
Online payment solutions provider Paynamics seeks to be a catalyst of ecommerce growth in the region
Helping the Philippine startup in this goal is Tokyo-based global internet and ecommerce startup incubator Beenos.
With so much money going into the local tech scene, one wonders which Singapore-based internet companies are the grand winners in the race to get funded.
Lamudi’s global co-founder Kian Moini says the injection of funds is a great vote of confidence in Lamudi’s business model and speaks volumes about the demand t...
China's 55tuan - which will officially be called Wowo - has had the date set for its NASDAQ IPO later this month.
The team will use the new capital to drive online growth and expand Vela Asia’s offerings to customers. Majuven looks to capitalize on Indonesian ecommerce.
Om nom nom! Foodpanda just snapped up six rival sites across seven countries in a huge acquisitions spree.