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eCommerce

Poorest regions of China see faster eCommerce adoption

Ecommerce market in China is growing faster in western and central provinces than in the richer coastal regions, according to a recent report from Alibaba Group. The biggest rises in online retail sales during the first 11 months of 2017 were posted by Gansu province, Guizhou province and Tibet autonomous region, some of the poorest regions…

Alibaba considers Hong Kong listing, says founder Ma

Alibaba founder Jack Ma has said that the company will “seriously consider” listing in Hong Kong, as the financial hub prepares to allow dual-class share listings. Reuters reports that Jack Ma made the comments at an event in Hong Kong, in response to remarks made by Hong Kong Chief Executive Carrie Lam about how she hoped…

Amazon opens Prime service to Singapore

Amazon.com has launched Prime service in Singapore to offer customers access to fast shipping, streaming and gaming. In July 2017, the ecommerce tech company launched a free two-hour delivery service in Singapore, the first entry in open competition with Alibaba Group. In a fragmented region of 600 million people like Southeast Asia, some customers were underwhelmed…

MOLPay, iPay88 to introduce Digi’s vcash e-wallet as payment option

DIGI Telecommunications Sdn Bhd (Digi) has inked agreements to appoint online payment networks MOLPay and iPay88 as partners for its mobile payment service vcash.   Under this agreement, vcash will be made available as a payment option for merchants under MOLPay and iPay88’s online payment gateway networks, enabling customers to transact using vcash with thousands…

Lazada’s Online Revolution 2017 has 90 million products for sale

Another year, another year-end waiting for you from Lazada Malaysia. The Online Revolution 2017 has just been announced, and as with the one held last year, the month-long sale will start on November 11. The theme this year is ‘Shop the Universe’, which suggests the scale of the sale.   On that note, this is usually a 31-day online shopping event, but…

Instagram partners with BigCommerce, Shopify

Instagram, a Facebook`s application, has partnered with BigCommerce and Shopify to integrate ecommerce capabilities into its platform.   Instagram has been working with both ecommerce platforms over the past year to test out features, and is now moving forward with broader deployments. BigCommerce and Shopify also offer merchants ecommerce integrations with the core Facebook platform.   Shopify powers over…

Chinese ecommerce sector grows by 27% in trade

China Research Centre of Ecommerce has published a report showing that the country’s ecommerce trading recorded USD 2.03 trillion in the first half of 2017.   The ecommerce sector in China continues to see rapid growth on all fronts. Business-to-business transactions reached USD 1.3 trillion, while online retail sales were at USD 470 million.  …

JD.com seeks Indonesia-based niche ecommerce players

China-based ecommerce company, JD.com has disclosed plans to partner with smaller e-commerce players in Indonesia, according to sources from DEALSTREETASIA.   Indonesia is fertile ground for ecommerce businesses, with a potential ecommerce market of USD 65 billion by 2020, according to Macquarie Research. This growth is also driven by the country’s legal framework, which now allows 100% foreign…

Alibaba Cloud to open data centres in India, Indonesia

Alibaba Cloud, the cloud computing branch of China-based ecommerce company Alibaba, has unveiled plans to open data centres in Mumbai and Jakarta.   The expansion into Indonesia follows the country’s 1,000 Start-ups Movement initiative to establish 1,000 new ventures by 2020 with a target valuation of USD 10 billion.  …

EasyStore, SiteGiant provide cash payment method for online businesses

    EasyStore and SiteGiant, two Malaysia-based shopping cart providers, will provide all online businesses with cash payment method.   Through their partnership with MOLPay, a payment gateway in Southeast Asia, both EasyStore and SiteGiant are providing multi-channel payment options to the ecommerce platforms, including cash payment.   MOLPay’s latest…