Tag: cube

  • Southeast Asia Savvy Online Shoppers Spend 31% More at $11.5 Billion

    Southeast Asia Savvy Online Shoppers Spend 31% More at $11.5 Billion

    Discerning online buyers in Southeast Asia spend 31 per cent more each month than general consumers. Across six regional economies, they will generate 11.5 billion dollars in annual marketplace sales in 2026.

    A joint study from Lazada and commerce analytics group Cube defines roughly 24 per cent of regional consumers as savvy shoppers. Another 18 per cent sit immediately below that threshold. These buyers demonstrate distinct commercial habits. They cross-check merchandise across channels, inspect merchant credentials, and routinely pay premiums for guaranteed authenticity and transaction safeguards.

    How purchasing behavior splits across markets

    Penetration of these higher-spending consumers varies widely by country. The Philippines leads Southeast Asia with 36 per cent of its online buyers qualifying as savvy. Indonesia follows at 28 per cent and Vietnam at 25 per cent. Thailand registers 22 per cent, while Malaysia records 20 per cent. Singapore sits at the bottom of the regional ranking at 9 per cent.

    Friction points also differ across borders. Shoppers in Malaysia and Vietnam report product verification as their primary hurdle during online purchases. Buyers in Singapore, Indonesia, and the Philippines cite buyer protection and seller confidence as their main challenges. Thai consumers report an even split between verification and security concerns.

    Value replaces pure price discounts

    Shoppers across Southeast Asia show an increased willingness to invest time to secure better transactions. About 43 per cent of surveyed consumers spend extra time searching for improved offers. Another 41 per cent delay purchases to find better timing. Meanwhile, 36 per cent conduct detailed price comparisons before checking out.

    Price concessions lose traction when they compromise trust. Only 14 per cent of consumers say they would sacrifice authenticity indicators for a lower price. Just 13 per cent would forfeit purchase protections to obtain a steeper discount. Among savvy buyers, 47 per cent state they will pay extra fees for certified order protection, compared to 30 per cent among general consumers.

    Discovery moves outside marketplace walls

    Transaction journeys now start well before buyers enter marketplace apps. The study finds that 83 per cent of savvy consumers discover products outside primary marketplace catalogs, compared to 42 per cent of general buyers. 86 per cent consult third-party information channels during purchase evaluation. A full 91 per cent verify seller track records across external web sources.

    Savvy consumers also buy more frequently and spread their spending across competing channels. Some 58 per cent shop online several times each week, compared to 35 per cent of baseline consumers. Mall environments capture 53 per cent of this cohort, compared to 40 per cent for general shoppers. Multi-homing is standard practice. About 82 per cent of savvy shoppers actively use all three major marketplace platforms across the region, against 61 per cent among the general shopper base.

    Commercial demands on digital merchants

    For marketplace merchants and brand principals, the findings demand a recalibration of promotional spending. Pure discounting drives immediate volume. However, higher-value shoppers demand verified supply chains, fast dispute resolution, and consistent branding across external touchpoints before committing their baskets.

    “Southeast Asia’s eCommerce market is no longer defined by whether consumers shop online, but by how confidently and effectively they do so,” said Simon Torring, Co-Founder of Cube.

    Platform operators now face the operational task of retaining these multi-homing consumers as growth shifts from user acquisition to basket optimization. Marketplaces that fail to guarantee authenticity will see the most profitable quartile of regional demand migrate to rival platforms offering tighter brand verification standards.

  • Haigh’s Chocolates Launches Luxurious Hot Chocolate Cube In Celebration Of World Chocolate Day

    Haigh’s Chocolates Launches Luxurious Hot Chocolate Cube In Celebration Of World Chocolate Day

    Haigh’s Chocolates, a renowned confectionery company, recently introduced a limited-edition product called the Hot Chocolate Cube. This new offering was launched in celebration of World Chocolate Day, which is observed annually on July 7th.

    The Ultimate Indulgence

    Characterized as the epitome of luxury, the Hot Chocolate Cube is constructed with a marshmallow centre encased in a layer of rich, dark chocolate ganache. This delicious concoction is then enveloped in a smooth milk chocolate casing. This carefully crafted combination of flavors provides an indulgent treat for chocolate enthusiasts.

    The company suggests two ways to enjoy this delectable product. One can either melt it in warm milk, creating a delightful hot chocolate beverage, or simply devour it as it is, appreciating its unique combination of textures and flavors.

    Availability and Pricing

    The Hot Chocolate Cube from Haigh’s Chocolates is retailed at $14.50 for a pack of four. It can be found in all Haigh’s stores, which are dotted across various Australian locations including Adelaide, Melbourne, Sydney, and Canberra.

    Questions & Answers

    How is the Hot Chocolate Cube from Haigh’s Chocolates designed?
    – The Hot Chocolate Cube is a marshmallow cube layered with dark chocolate ganache and wrapped in milk chocolate.

    How can the Hot Chocolate Cube be enjoyed?
    – It can be melted in warm milk to make a hot chocolate or consumed directly as a treat.

    Where can the Hot Chocolate Cube be purchased?
    – The product is available in all Haigh’s stores across Adelaide, Melbourne, Sydney, and Canberra in Australia.

  • Southeast Asia’s E-Commerce Market Poised to Soar to $140 Billion by 2030

    Southeast Asia’s E-Commerce Market Poised to Soar to $140 Billion by 2030

    Southeast Asia’s e-commerce landscape is on a meteoric rise, with sales soaring an astonishing 46 times since 2012. A report titled Nextwave Southeast Asia 2025, released by DBS and market insights firm Cube, forecasts that the region’s e-commerce market will more than double from $184 billion in 2024 to an impressive $410 billion by 2030. This surge indicates a robust compound annual growth rate of 14%.

    Major Players Make Profits Amid Market Evolution

    As the sector matures, numerous key players have already achieved profitability, thanks to market consolidation, increased platform fees, and a sharper focus on core offerings. Many companies are also venturing into logistics and last-mile delivery, enhancing their operational efficiency to meet the growing consumer demand.

    The maturation of the market is prompting businesses to pivot towards cost control, reliable revenue streams, and the retention of customers. Companies that provide personalized and engaging shopping experiences are set to solidify their grip on market share, proving that a tailor-made approach is the name of the game.

    AI Takes the Spotlight in Retail

    Artificial intelligence is emerging as a game-changer, transitioning from backend operations to the forefront of consumer engagement by facilitating personalized recommendations and immersive shopping experiences. New entrants leveraging AI and offering seamless payment solutions are poised to disrupt established players, capturing both market attention and investment.

    Funding Strategies Shift in the Tech Realm

    The report highlights a noteworthy shift in the funding landscape for tech companies. Start-ups and scale-ups are looking to decrease their reliance on venture capital, opting instead for credit-backed financing. This evolution reflects the changing market dynamics and a broader commitment to long-term sustainability in Southeast Asia’s burgeoning digital economy.

    In the thrilling chase for e-commerce supremacy, it seems the stakes are never higher—and just like a good sale, there are surprises around every corner!

    Questions & Answers

    What is the projected growth for Southeast Asia’s e-commerce market by 2030?
    The e-commerce market is expected to grow from $184 billion in 2024 to $410 billion by 2030.

    What factors are driving profitability among e-commerce players?
    Market consolidation, increased platform fees, and a focus on core offerings are key drivers of profitability.

    How is artificial intelligence changing the shopping experience?
    AI is facilitating personalized recommendations and creating immersive shopping journeys, enhancing consumer engagement.