Category: E-Tailing

Retail News Asia is committed to providing both local and global retailers with the latest E-Commerce & Etail news throughout the Asian market. This on a daily base.

  • Zalora launches childrenswear category

    Zalora launches childrenswear category

    Online fashion platform Zalora is entering the childrenswear market.

    The launch of the Kids category on Zalora’s website and app lists more than 5000 items for children aged up to 12 years old from global label-favourites Disney, Mango Kids, Mango Baby and Oshkosh B’gosh as well as sports brands Nike, Adidas and Puma, among others.

    Zalora describes the range as “a wide array of local and international brands … great for any occasion; from birthdays to baptisms, hijabs and modest wear, and even travel to festive”.

    The site also retails products for newborns from rompers and onesies to swaddling blankets and baby carriers.

  • Alibaba revives IPO plan, likely to list after 11.11 say sources

    Alibaba revives IPO plan, likely to list after 11.11 say sources

    Alibaba is resuming plans to list on the Hong Kong exchange in a move expected to raise US$10–15 billion.

    Earlier listing plans scheduled for August were put on hold during the recent political unrest in the territory. The firm may now seek a listing as early as this month, with official filings seeking approval for the listing set to occur following its 11-11 shopping event.

    Alibaba held the largest IPO in history in 2014 on the New York exchange, raising $25 billion. It currently has a market capitalisation of about $460 billion.

    Positive development in its e-commerce and cloud businesses saw the firm return better-than-expected profits in the last financial quarter.

  • Amazon opening new warehouse in Perth

    Amazon opening new warehouse in Perth

    Amazon will open a new fulfillment center in Perth by the end of the year to keep up with increasing demand and offer fast delivery to more customers, the e-commerce company has said.

    The facility, which is expected to be operational in late 2019, is Amazon’s third warehouse in Australia. It also has warehouses in Melbourne and Sydney.

    “This expansion represents the investment and development of our growth strategy in Australia, following a steady and progressive increase in customer demand,” said Craig Fuller, director of operations at Amazon Australia, said in a statement.

    “We strongly believe that this further investment will benefit both customers and the local economy and give Western Australian (WA) customers quicker delivery of high demand items.”

    Located in the Perth Airport Business Precinct, the new facility is expected to give customers in WA access to the same delivery options as customers on the East Coast of the country.

    Amazon currently offers same-day delivery only to customers in eligible postcodes in Sydney and Melbourne. It costs $9.99 for those with Prime and $12.99 for those without.

    Customers in Sydney, Melbourne, Brisbane, Adelaide, and Canberra can also get free expedited delivery (1-2 business days) if they have Prime, or pay $5.99 if they don’t.

    But the fastest delivery option (1 business day) for customers in other metropolitan areas, including Perth and the Gold Coast, costs $9.99 – even for those with Prime. Those without currently need to pay $11.99.

  • Rebag creates an app that explains the use of bags

    Rebag creates an app that explains the use of bags

    Fashion e-commerce company Rebag has launched software that instantly reveals the current resale value of handbags.

    Called Clair, the software is described by Rebag as “a comprehensive luxury appraisal index for resale”. It determines the value of any handbag across a database of more than 50 brands and 10,000 bags. It offers consumers an exact and fully automated price that Rebag is currently willing to pay for it.

    Consumers can instantly check the value of luxury handbags in three steps: access Clair through the Rebag website or app, select the handbag’s brand, model, style, and size, then tell Clair a bit more about the color and condition of the piece. The software will instantly generate the handbag’s resale value.

    Rebag says Clair was created for everyone, not just those who shop and sell at Rebag as receiving an appraisal from Clair doesn’t lock consumers in to buy or sell through Rebag, but rather open more possibilities.

    “Once customers have seen the future of their handbag, they can decide to hold onto the investment for posterity, consign it, sell/trade it in through Rebag or even buy more of them – the options are endless,” said Charles Gorra, Rebag founder and CEO.

    “With more and more consumers contemplating the resale value of their luxury purchases, we’ve created a taxonomy that provides a more transparent way for consumers to shop more wisely.”

    Founded in 2014 and headquartered in New York, Rebag has attracted backing from venture capital investors including General Catalyst and Novator. It operates mostly online and runs two flagship stores in the US.

  • Amazon Australia boosts grocery offering with launch of subscription service

    Amazon Australia boosts grocery offering with launch of subscription service

    Amazon Australia is further challenging the nation’s biggest supermarkets with the launch today of a subscription service which allows consumers to have household essentials delivered regularly at a 10 percent discount.

    Amazon’s ‘Subscribe and Save’, which has proven popular in international markets, offers free delivery on repeat purchases across pantry food and beverages, pet supplies, beauty and vitamins, and supplements.

    Customers can sign up for scheduled repeat deliveries on an unlimited number of products that they shop for on a regular basis, with no subscription fee and the option to cancel at any time.

    Shoppers also choose the frequency that they want products delivered, starting from a monthly basis to a six-monthly basis.

    Popular brands including Carman’s, Coca Cola, Fairy, Heinz, and Huggies are among the thousands of products offered through the new service.

    “Time and money are two of our most precious commodities and ‘Subscribe and Save’ gives Amazon customers a simple way to save on both,” Matt Furlong, country manager of Amazon Australia said in a statement on Wednesday.

    “There is nothing worse than running out of your favorite coffee, washing powder, nappies for your newborn, dog food, or toothpaste, and ‘Subscribe and Save’ will help make this a thing of the past.”

    From today, eligible products on the e-commerce site will display a ‘Subscribe and Save’ icon. While prices on individual items can fluctuate, customers receive an ongoing 10 percent discount and free delivery after the initial order.

    The most popular categories within the ‘Subscribe and Save’ program in the UK, US and Canada are groceries, household goods, pet supplies, and beauty.

    Amazon Australia confirmed its intention to launch the platform in Australia, in December 2018. Retail expert and professor at QUT’s business school Gary Mortimer said at the time that the move could impact consumer buying behavior.

    “The Subscribe and Save model is a really smart move from Amazon, and I genuinely think incumbent players should feel nervous…” Mortimer said.

    “We know subscription-based models tend to work because it’s very much a ‘set and forgets’.”

  • Shopee to focus on growing market share in SEA

    Shopee to focus on growing market share in SEA

    Singaporean online shopping business Shopee is aiming to boost its market share in Southeast Asia.

    The firm is targeting an expected exponential increase in the number of online shoppers in the region, according to a recent interview published in Yahoo Finance Singapore with Shopee’s CCO Zhou Junjie.

    “We believe that there should be a lot more growth potential in Southeast Asia so we should focus our effort and resources in this region,” said Zhou in the interview. “Whereas the e-commerce industry in China is more mature, Southeast Asia markets are still at the very beginning stage.”

    E-commerce in the region is projected to pass US$150 billion by 2025, nearly four times the current levels.

    “Our priority is to grow the market share,” said Zhou. “We will continue to invest to make sure that we strengthen our lead position, we want to make sure that we grow faster than others.”

    Beyond Singapore, Shopee operates in Thailand, Malaysia, Vietnam, the Philippines, Indonesia and Taiwan.

  • Alibaba launches 2019 11.11 Global Shopping Festival

    Alibaba launches 2019 11.11 Global Shopping Festival

    Alibaba Group has launched its 2019 11.11 Global Shopping Festival, taking the annual event into its second decade.

    The shopping holiday this year focused on “new consumption,” “new business” and actively contributing to a greener society.

    “Our goal is to stimulate consumption demand and support lifestyle upgrade in China through new brands and products,” said Taobao and Tmall president Fan Jiang. “We will enable merchants in China and around the world to grow their businesses through data-driven product innovation and consumer insights, as well as leverage our recommendation technology and content-driven user engagement to delight consumers in urban coastal cities and less-developed areas of China.

    “Given its scale, minimizing environmental impact is essential and our technology will ensure it is a green 2019 11.11 Global Shopping Festival.”

    The festival taps a global supply chain to meet the growing demand of Chinese consumers for new brands and new products. More than 200,000 brands are participating; one million new products are on offer and more than 500 million users are expected to participate in this year’s festival – about 100 million more than last year.

    Estimated consumer savings from brand and platform promotions and coupons are around RMB 50 billion (US$7 billion).

    For the first time, Alibaba held a concurrent kickoff event in the northeastern city of Harbin, underscoring its focus on serving consumers and small businesses in China’s less-developed markets. In the last quarter, more than 70 percent of Alibaba’s new annual active consumers came from lower-tier cities.

    “The success of our focus on less-developed markets in China is reflected in our new customer acquisition growth,” said Alibaba Group CMO Chris Tung. “We are equally driven to help local enterprises and factories digitize, which improve their operational efficiency and ability to engage with customers across the country.”

    More than 22,000 international brands from 78 countries and regions will participate in this year’s 11.11 on Tmall Global, Alibaba’s cross-border online marketplace, providing an expansive international product selection for consumers.

    For the second year, Lazada will take part and expects its “shoppertainment” – a blend of shopping and entertainment – to attract a record number of participating merchants and consumers in its six markets.

    While continuing to serve over 200 countries and regions, AliExpress will enable local merchants from Russia, Spain, Italy, and Turkey to participate in 11.11 for the first time.

    Daraz disrupted South Asia’s retail market with 11.11 last year and is gearing up again with celebrations in Pakistan, Bangladesh, Sri Lanka, Myanmar, and Nepal. India will celebrate with the UC Shopping Fest, in association with Paytm, VMate, and 9Apps.

    Fliggy will offer 30,000 different vacation packages to over 200 destinations to serve Chinese tourists. Thousands of travel experts will offer tips and suggestions via live streams during 11.11.

    Cainiao and its partners will make November 20th a day focused on the recycling of cardboard packaging. They will work to convert 75,000 locations into permanent recycling stations, and express courier companies to pick up used cardboard boxes and wrapping.

    Consumers will be incentivized to recycle through rewards of “green energy” points on Ant Forest.

    Alibaba Cloud expects to save 200,000 kilowatt-hours of energy on November 11th at its data centers, which will be powered by renewable energy and energy-conserving technology such as liquid-cooled servers.

  • Lazada, Tiki locked in delivery speed race

    Lazada, Tiki locked in delivery speed race

    Giants Lazada and Tiki are racing to reduce their delivery times as competition heats up in Vietnam’s e-commerce market.

    Singapore-based Lazada Friday launched a 4-hour delivery service for flowers in Vietnam, a move in response to Vietnamese startup Tiki’s 2-hour delivery for a large number of products.

    Nguyen Ngoc Thang, head of express solutions at Lazada, said that this was a new step in e-logistics for the company.

    Earlier this month, the company began to offer 2-hour and 4-hour delivery for products weighing under 15 kilograms in Hanoi and Ho Chi Minh City.

    Almost 200 Lazada sellers are eligible for the service, mostly in beverage, fashion and baby products.

    The move followed other e-commerce companies in Vietnam, like Shopee, Sendo and Lotte, also announcing delivery times of one to four hours after Tiki introduced its 2-hour delivery for over 100,000 products.

    Tiki is able to do this by investing in expanding its fulfillment center, which is now at 60,000 square meters and set to triple to 200,000 square meters by the end of next year.

    The company’s average delivery time is less than two days, against the market average of four-five days, said Tiki chairman Tran Ngoc Thai Son.

    Meanwhile, Lazada has introduced its new 24/7 receiving points in Hanoi and HCMC where customers can pick up their items at a time of their choice.

    In the third quarter of this year, Tiki ranked fourth in terms of of web traffic, followed by Lazada. Both of them fell two places from Q2, according to market research firm iPrice.

    Singapore-based Shopee remained the market leader, followed by Vietnamese players Sendo and Mobile World, it said.

    Vietnam’s e-commerce market is estimated at $5 billion this year and is set to reach $23 billion in 2025, according to a recent report by Google, Singapore-based investment firm Temasek, and U.S.-based consultancy Bain.

  • Amazon has no specific time frame for Vietnam website

    Amazon has no specific time frame for Vietnam website

    A senior Amazon official says the firm sees Vietnam’s potential but has not decided on a time to launch services for Vietnamese buyers.

    Bernard Tay, head of Amazon Global Selling Southeast Asia, Australia and New Zealand, said at an event Thursday that the global e-commerce giant sees Vietnam has a potential market.

    He noted that after launching Amazon in Singapore, they would look at opportunities to expand their services to more countries, including Vietnam.

    Amazon Thursday established a team of specialists in Vietnam to support Vietnamese sellers in taking their products to global customers. The company stated that it sees the majority of Vietnamese businesses are small and medium enterprises with large demand for global sales.

    Many Vietnamese leather, footwear, handmade and consumer goods items are selling well on Amazon’s website, Tay said.

    Vietnamese sellers can reach up to 300 million Amazon accounts in 185 countries and territories. Amazon also has 175 fulfillment centers worldwide, he added.

    Bui Kim Thuy, owner of a textile company whose products are being sold on Amazon, said that the e-commerce giant has strict criteria on product origin and quality which Vietnamese sellers will have to meet.

    An apparel product that suits Vietnamese customers might not suit Americans, therefore Vietnamese sellers need to make careful research for international sales, she added.

    Amazon launched a Singapore website last week, the first in Southeast Asia. Vietnamese shoppers can access Amazon.com, but many products are not available for shipping to Vietnam, and those that are available typically involve high shipping fees.

  • E-Mart plans to sell several stores

    E-Mart plans to sell several stores

    South Korean big-box retailer E-mart will sell 13 store buildings and land to improve its financial situation.

    The firm will sell the properties to Mastern Investment Management for KRW952.48 billion (US$802.65 million) in the face of plummeting sales and intensifying competition from e-commerce. It will continue to operate its businesses on the properties under a lease arrangement.

    The properties constitute 5.7 percent of the Shinsegae-owned firm’s total assets.

    E-mart will use the funding to pay debt and diversify its operations into e-commerce.

    “As the current retail market is dominated by e-commerce platforms, retailers have no choice but to continue to reduce their offline business,” said Hyundai Motor Securities analyst Park Jong-ryul. “With the fresh funds, they focus on venturing into the online market.”

  • Jack Ma Explains the key to Alibaba’s success

    Jack Ma Explains the key to Alibaba’s success

    Forbes Media has presented the Malcolm S Forbes Lifetime Achievement Award to Alibaba Group founder and partner Jack Ma, hailing his commitment to small businesses in addition to the impact that Alibaba has achieved since its launch 20 years ago.

    The annual award celebrates an individual who embodies and exemplifies the ideals of entrepreneurship championed by Forbes, the company said in a release.

    “Jack Ma not only created one of the most outstanding companies of the world but also a company that nourished the vibrant small-business community in China – and small businesses around the globe,” Forbes Media chairman and editor-in-chief Steve Forbes said. “He is indeed one of the most influential figures of our time.”

    Ma received the award at the 19th annual Forbes Global CEO Conference, held this year in Singapore, where he and Forbes talked for about an hour about Alibaba’s history, Ma’s thoughts on entrepreneurship and his philanthropy work. Forbes started by calling Ma “one of the greatest liberators in history, enabling people who wanted to … do commerce. You gave them the means to do it.”

    Ma explained how that came about: “We believed in the future and I believe the internet can empower people,” he said, speaking of Alibaba’s 17 other founders in 1999. “So, we do Alibaba because there are so many small businesses that don’t know when and how, where they can sell the products.”

    That led to the launch of B2B e-commerce platform Alibaba.com at first and later other sites, including Taobao, which has grown from a C2C marketplace to become China’s largest mobile-commerce destination. To enable payments on these platforms, Alibaba developed Alipay. The company also wanted to get products from sellerss to consumers quickly and efficiently, so Ma and his team turned their attention to logistics, eventually launching what is now Cainiao Smart Logistics Network. Alibaba also wanted to support small businesses in need of computing power, so Alibaba Cloud was born. And the company continues to build new businesses to address new demands as the market evolves.

    “So, it’s all about solving problems. I think this is what we did in the past 20 years,” Ma said. “We always think about what we can do to solve social problems instead of complaining. That’s the journey and … millions of people change their lives because [of our] efforts.”

    Ma expanded on the company’s mission to help small businesses, young people and women – those largely outside the traditional financial system – via Alipay, the largest mobile payments and lifestyle app in China. Traditional financial companies focus on the top economic levels of society, he said, not the bottom. But Alipay was always a bottom-up operation. While the wealthy elite wasn’t willing to test the technology when it was first made available, in 2004, many of China’s less wealthy consumers were.

    “They tried it, they loved it, they benefitted from it,” Ma said. “So, this is very, very inclusive.”

    “We feel that the financial system for the 21st century should be inclusive, should empower people,” he continued. All “people have the right to reach the money they need.”

    Alibaba has achieved tremendous success during its two decades, as it now serves 730 million annual active consumers in China and another 130 million overseas. Alipay parent Ant Financial, in which Alibaba holds a 33-per-cent stake, serves 900 annual active consumers in China and 1.2 billion worldwide, including active users of Alipay’s local e-wallet partners. The $456.4 billion Alibaba currently employs about 100,000 people globally, and its e-commerce platforms reach merchants and consumers in more than 200 countries and regions. This year, Alibaba will host its 11th 11.11 Global Shopping Festival, which has grown into the largest one-day shopping festival in the world.

    Ma said he would build on that success – and the money he’s made from Alibaba – to continue helping others. He has already worked through his namesake philanthropic organization, the Jack Ma Foundation, to help improve education and conservation efforts in China. But he has turned his attention to points outside of China as well. Most recently, Ma has focused his attention on supporting entrepreneurs in Africa. He has said that entrepreneurs are “the most important element to develop a society,” and therefore they will be central to Africa’s economic development in the decades ahead.

    “I have the money, I have the resources and I won’t go there, empower the entrepreneurs,” Ma told Forbes. “If we can be able to discover and help more Jack Mas, more Bill Gates or Warren Buffetts – more Steves – Africa will be different.”

    Next month, Ma will travel to Ghana to host the first Africa Netpreneur Prize competition. The $10 million initiative will award $1 million a year for the next 10 years to African entrepreneurs as a way to support the growth of the continent’s digital economy. Nearly 10,000 people from 50 of Africa’s 54 countries applied.

    The remaining 10 contestants – hailing from Egypt, Nigeria, Liberia, Rwanda and Cote D’Ivoire – will make their final pitches to Ma and a panel of judges during the Nov. 16 taping of “Africa’s Business Heroes,” a televised event scheduled to air Nov. 29 in countries across Africa.

  • India’s Flipkart to enter food retailing, launch private label

    India’s Flipkart to enter food retailing, launch private label

    Walmart-owned Indian e-commerce platform Flipkart is launching a food retail business.

    The new initiative will see the firm release its own private label, Flipkart Farmermart, as well as a grocery supply chain and potentially physical stores.

    A spokesman for the firm told news outlet Moneycontrol that Flipkart plans to “deepen its penetration in the food retail space, take on Amazon, and run a farm-to-fork operation,” with the board consenting to invest ₹2,500 crore (US$350,000) to expand its operations in the grocery business.

    The firm plans to leverage parent company Walmart’s experience in the cash-and-carry sector in the territory, which has helped build connections in the farming industry for grocery and food produce.

    Research shows that just 0.15 percent of Indian nationals buy online, although this figure is expected to increase exponentially over the next few years.

  • Japan’s RMK aims for Chinese consumers with Tmall Global launch

    Japan’s RMK aims for Chinese consumers with Tmall Global launch

    Japanese cosmetics brand RMK has launched a flagship store on Chinese e-commerce platform Tmall Global.

    The move has been described as part of RMK’s broader focus to tap the lucrative Asia-Pacific beauty market and create a stable platform for beauty brands in China.

    Shagun Sachdeva, a consumer insights analyst at GlobalData, says RMK is already available in Japan, Taiwan, Hong Kong and South Korea.

    “The calculative move to tie up with Tmall Global has been made to indulge in omnichannel retailing with an aim to increase its presence in the high-value Chinese market and get access to a wider customer base,” he said.

    According to GlobalData, the Cosmetics and Toiletries market in China is growing at a steady pace and is almost double than that of in Japan last year.

    GlobalData’s 2018 fourth-quarter consumer survey revealed that 63 percent of Chinese consumers prefer online channels to buy beauty and grooming products.

    “The strategic decision to expand seems to be driven by rising popularity and growing demand of Japanese beauty products among Asia-Pacific consumers owing to perceived safety, better quality and multi-functionality,” said Sachdeva.

    “The brand has grabbed the opportunity of looking at the high intensity of J-beauty products being imported in China or bought by Chinese visitors in Japan. With the launch on Tmall Global, the company aims to target such customer base first and then include more products in its range soon.”

  • Most Singaporeans purchase online overseas every month

    Most Singaporeans purchase online overseas every month

    A recent survey has shown that around 75 percent of Singaporeans purchase overseas products at least once a month.

    According to Southeast Asian and Taiwanese e-commerce platform Shopee’s Global Deals Survey 2019, which polled more than 4000 Singaporeans about their overseas online purchasing habits, more than 90 percent of survey respondents indicated that they buy overseas products on Shopee more today, as compared to three years earlier. Reasons cited include convenience, cost-savings, increased product variety and being able to purchase products not available in Singapore. The survey also found that shoppers prefer to purchase overseas products from sellers who have a wide variety of products available (70 percent) and offer free shipping (30 percent).

    A recent YStats report found Singapore to be the top market for cross-border shopping in Southeast Asia, and according to a Forrester report, 60 percent of e-commerce sales consist of overseas orders.

    Japan is the fastest-growing market for overseas purchases, as demand for health supplements rises. Over the years, Japanese brands have increasingly made inroads in Singapore, gaining ground in the local retail scene with the entrance of a new wave of Japanese fashion labels and discount stores.

    According to Shopee’s survey, when it comes to purchasing Japanese products, quality (70 percent), variety (75 percent) and items that are not available in Singapore (73 percent) are what fuels the appetite of Singaporean shoppers.

    Shopee has recently unveiled a dedicated in-app space where users can access more than 50 million deals from six popular shopping destinations. Named Global Deals, the feature introduced deals from China, Korea, Japan, Taiwan, Malaysia and Hong Kong, and is accessible via a dedicated button on the Shopee homepage.

    “Singaporean shoppers have become globalized consumers who now have the world at their fingertips, and they are constantly on the lookout for convenience, quality and variety,” said Shopee CCO Zhou Junjie.

  • Zalora Partners with FarEye to Enhance the Customer Shopping Experience

    Zalora Partners with FarEye to Enhance the Customer Shopping Experience

    Zalora, Asia’s leading online fashion destination partnered with FarEye, a SaaS platform for visibility, to improve its logistics operations and help ZALORA achieve cost-effective deliveries. As one of the region’s largest and fastest-growing fashion e-commerce companies, it is important for ZALORA to optimize its operations to satisfy the growing volume of orders in the region and continue to delight consumers with a reliable delivery service.

    By using the FarEye tool, ZALORA was able to automate logistics processes and refine the delivery operations with complete visibility. FarEye ensures that once parcels are scanned, job orders get created automatically and are sent to delivery executives through an easy-to-use mobile application. It is seamlessly integrated with ZALORA’s in-house warehouse technology infrastructure and digitized delivery processes including generating run-sheets and allocating tasks for operations team members, ensuring seamless transportation of products from warehouses and distribution centers to end customers.

    This enables ZALORA customers to get real-time updates on delivery status along with the details of the courier, allowing personalization of deliveries, leading to an improved overall Delivery Happiness Score and a much-reduced Customer Anxiety Index.

    Silvia Thom, ZALORA Group’s Chief Technology Officer shared, “FarEye’s platform is flexible, easily configurable, scalable, and future-ready. It’s helping us provide delightful delivery experiences to our customers by making delivery processes transparent and personalized. FarEye improved the number of successful deliveries that we do in a day while reducing overall logistics expenses.”

    “Southeast Asia is one of the fastest-growing eCommerce markets in the world. As per a recent report, the online retail market in the region is expected to reach $53 billion in 2023. On-time and in good condition deliveries become essential in such a hyper-growth market as deliveries are the first brand touchpoint for customers. We see that businesses globally are having a tough time keeping up with evolving customer expectations. In such a competitive landscape, we are thrilled to partner with Zalora and empower them to achieve exceptional levels of operational efficiencies and provide delightful customer experience,” said Kushal Nahata, CEO & co-founder, FarEye.

    FarEye is also enabling Zalora to enhance hub-to-hub logistics operations to ensure ZALORA Marketplace sellers can receive returned products without any hassle. It also helps create a customer-friendly delivery journey, for example, to guarantee that in cases of failure during the first delivery attempt, an approval process is immediately set-up before the second delivery attempt is triggered. FarEye created intelligent processes, helping ZALORA improve cash reconciliation, reduce dependency on paperwork and shrink their carbon footprint.