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Tag: etail

  • Vietnam tops region in online cross-border purchase volume

    Vietnam tops region in online cross-border purchase volume

    Vietnam has the highest average volume of cross-border online purchases of up to 104 orders per year in Southeast Asia, higher than the Southeast Asian average of 66.

    Thailand came in second with 75 purchases per year on average, followed by Singapore and the Philippines with 58 each, according to a study on cross-border e-commerce recently released by Singaporean logistics provider Ninja Van Group and its parent company, DPDgroup.

    The market study covered 9,000 participants from six Southeast Asian countries: Vietnam, Singapore, Malaysia, Indonesia, Thailand and the Philippines.

    A large proportion of Vietnamese orders were fast-moving consumer goods (FMCG) products, mainly clothing and footwear.

    Fifty-nine percent of Vietnamese respondents said they had shopped and placed orders many times on international e-commerce websites. This was the second highest rate in the region, after Singapore with 60 percent.

    According to the report, Vietnam accounts for 15 percent of the total online shopping market in Southeast Asia, on par with the Philippines. Thailand tops this list with 16 percent.

    Vietnam is one of the countries with high e-commerce potential “thanks to its sustainable and clear growth in recent years,” said Phan Xuan Dung, sales director of Ninja Van Vietnam.

    The report found 76 percent of Vietnamese respondents saying the main reason for shopping online was saving money.

    Several other forecasts on the development of online business in Vietnam have also painted a positive outlook for the industry.

    According to German data portal Statista, Vietnam is expected to become the second largest e-commerce market in Southeast Asia after Indonesia, before 2025.

    Vietnam currently has an average purchase level (ABS) of $26, which is higher than Thailand ($25) and Indonesia ($18).

    According to British marketing and advertising agency We Are Social, the number of Vietnamese people making online purchases will cross 51 million this year, up 13.5 percent over the previous year.

    The total expected spending on online shopping this year is $12.42 billion.

    The e-Conomy Southeast Asia 2021 report by Google, Temasek and Bain & Co. predicted that Vietnam would surpass Thailand by 2025 to become the second biggest internet economy in Southeast Asia at $57 billion, behind Indonesia at $146 billion.

    The development of the e-commerce market has become a fertile ground for logistics businesses to expand their operations. According to an assessment by delivery service provider J&T Express, the online shopping habits of Vietnamese people developed strongly during the pandemic period and these have been sustained since.

    The demand for goods on e-commerce platforms is high not only in big cities but also in rural areas, it found.

  • Australians set online shopping record

    Australians set online shopping record

    A record 9.3 million Australian households made online purchases in the year to March according to data released by Australia Post.

    The postal service said online spending increased by 12 per cent year on year and in the six months from July to December 2021, an average of 5.6 million households purchased online each month.

    The dominant categories were pet foods (38 percent), tools and garden supplies (29 percent) discount items (32 percent) athleisure (17 per cent) and baby products (18 percent).

    One in three purchases were directed to NSW, which recorded the highest participation among states, growing by 27 per cent year-on-year.

    Australia Post’s head of e-commerce analytics, Rose Yip, said the growth in online shopping has accelerated “beyond expectations”.

    “We’ve seen more than 900 million parcels delivered in the past three years alone, which says so much about how quickly e-commerce has grown in a short amount of time.

    “It’s now the norm for so many Australians, with more than 5 million households regularly shopping online every month, which is why we’ve not only increased our network capacity but we’re investing in more new facilities, technology and our fleet to set up a strong and sustainable network for the future.”

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  • Amazon, Cartier sue counterfeiters using social media to sell fakes

    Amazon, Cartier sue counterfeiters using social media to sell fakes

    Amazon is continuing its crackdown on counterfeiters, this time against a social media influencer they claim was selling fake Cartier bracelets, necklaces and earrings.

    The online retail giant said on Wednesday that it filed two joint lawsuits with Cartier against an unnamed social media influencer and eight businesses for allegedly promoting counterfeits on social media and other websites that were then sold on Amazon. The lawsuits were filed in the US District Court for the Western District of Washington, alleging the businesses conspired together to sell counterfeits and falsely advertise them as real, infringing on Cartier’s trademarks, avoiding Amazon’s anti-counterfeiting detection tools and violating Amazon’s policies, according to the companies.

    While items on Amazon were non-branded and listed with generic product descriptions to avoid detection by Amazon’s anti-counterfeit policies, the ads linking to the Amazon product pages used the Cartier brand name to sell the allegedly fake bracelets, necklaces and earrings, according to the companies. For instance, a counterfeit of the Cartier Love bracelet was listed on Amazon as “Women’s Fashion Classic Screw Love Titanium Steel Bracelet”.

    Amazon has put more effort into detecting and removing counterfeit sellers from the site. According to the company’s second Brand Protection Report, published in 2022, Amazon stopped over 2.5 million attempts from bad actors to create new selling counts, down over 6 million compared to the previous year. The company also increased the number of brands on its Brand Registry tool, which detects infringements, leading to a 25 per cent decrease in infringements compared to the previous year.

    Amazon has also begun working directly with luxury brands to remove fake products from its site; last February, Amazon filed two joint lawsuits with Ferragamo against counterfeiters, and in April, the companies said Chinese authorities had conducted an investigation and seized the counterfeit products. In June 2020, Amazon filed its first joint lawsuit with Valentino against New York-based Kaitlyn Pan Group for allegedly counterfeiting the brand’s Rockstud shoes, though the case was settled in January 2021.

    “By using social media to promote counterfeits, bad actors undermine trust and mislead customers,” said Kebharu Smith, associate general counsel and director of the Amazon Counterfeit Crimes Unit, in a statement. “Amazon will keep investing and innovating to stay ahead of counterfeiters and working with brands and law enforcement to hold bad actors accountable. We don’t just want to chase them away from Amazon — we want to stop them for good.”

    Amazon has been making efforts to break into the luxury market: earlier this month, it rolled out its Luxury Stores concept to the UK, Germany, France, Italy and Spain after launching it two years ago with Oscar de la Renta and Roland Mouret, among others. However, experts say that the widespread selling of counterfeits and dupes by third-party sellers on the platform is holding the e-commerce behemoth back from elevating its position.

    By publicising its condemnation of counterfeits, Amazon wants to signal its trustworthiness to the luxury sector. “Amazon is deeply committed to protecting brands’ intellectual property and strictly prohibits counterfeit products in its stores,” the company said in a statement, adding that it invested $900 million and employed 12,000 people to protect against counterfeits in 2021.

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  • Shopee culls staff across SE Asia, Europe

    Shopee culls staff across SE Asia, Europe

    Sea Group’s e-commerce arm Shopee is laying off staff across multiple markets as it seeks to rationalize its e-commerce business, DealStreetAsia has learned.

    The layoffs have affected employees across several of the company’s Southeast Asian markets including Indonesia, Thailand and Vietnam, sources told DealStreetAsia. The company is said to have emailed employees affected by the layoffs, the sources added.

    Shopee’s payments arm ShopeePay and food delivery business ShopeeFood are also said to be facing cuts. A general meeting was also reportedly held on Monday to address the job cuts with Shopee employees.

    The extent of the job cuts and the number of employees affected could not be confirmed at the time of publishing. DealStreetAsia has reached out to Shopee for comment.

    Two sources aware of the matter said nearly half of Shopee Thailand’s payment and food delivery teams have been affected by the downsizing. One of the sources noted that the email was said to have been managed in an off-handed manner, with the company asking staff members to return home and await further notice of termination.

    A separate source told DealStreetAsia that Shopee has stopped hiring, with several job offers for regional roles rescinded.

    While Sea Group’s business continues to show signs of improvement in overall profitability, most of its revenue continues to come from its gaming arm Garena.

    Sea Group’s first-quarter 2022 financials reflected a 64.4% year-on-year increase in Generally Accepted Accounting Principles revenue at $2.9 billion, with gross profits soaring 81.3% to $1.2 billion over the same period.

    Shopee’s business, while still losing money, has also reflected improvements, with a 71.3% year-on-year increase in orders to $1.9 billion in the first quarter of 2022 while gross merchandise value rose 38.7% to $17.4 billion. Importantly, Shopee’s gross profit margin for e-commerce increased year on year, with faster growth in transaction-based fees and advertising income generating higher margins versus other value-added services.

    Shopee, however, continues to face several macro headwinds, including rising inflation and interest rates, that may dampen retail and consumption sectors.

    The company also appears to be facing setbacks on some of its ambitious internationalization plans, including its forays into Europe and Latin America. Shopee, which has operations in Poland and Spain, decided to pull out of France after only five months as it was not meeting expectations.

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  • Carousell acquires Singapore fashion resale brand Refash

    Carousell acquires Singapore fashion resale brand Refash

    ONLINE marketplace Carousell has inked a deal to buy Refash, a Singapore e-commerce platform and store operator for second-hand clothes, the companies announced on Monday (May 9). The deal value is undisclosed.

    Launched in 2015, Refash is focused on “thrifting”, or facilitating sales and purchases of second-hand clothes. The company said that it has processed over 5 million pieces of clothing and resold apparel from over 300 fashion labels. Besides its online platform, Refash also operates 10 physical thrift stores across Singapore.

    According to data platform VentureCap Insights, Refash posted US$460,242 in revenue for FY2020 ended December, with a profit of close to US$36,300.

    Post-acquisition, Refash will continue to operate as its own brand, retaining its name, platform, and team. The deal will beef up Carousell’s fashion vertical, which has been a major category for the company since its founding in 2012.

    “With our reach and expertise in using technology and AI to create seamless buy-sell experiences for secondhand (products), we are excited to partner and accelerate the growth of Refash,” said Carousell co-founder and chief executive Quek Siu Rui.

    The deal comes months after Carousell bought Ox Street, a Singapore-based marketplace for authenticated sneakers and street wear. In February, Carousell was in talks to acquire Singapore-based property marketplace operator 99 Group, ahead of a potential US listing this year.

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  • Alibaba tipped to take Lazada to Europe

    Alibaba tipped to take Lazada to Europe

    Chinese tech giant Alibaba is taking Lazada to Europe as part of its strategy to drive growth in overseas countries.  It was reported that the plan to expand Lazada to Europe was due to Alibaba’s slowing opportunities in China.

    The company’s latest interim report published in December 2021 unveiled that its revenue from its China commerce retail business for the six months ended on 30 September 2021 was US$40.8 billion, an increase of 33% compared to US$29.7 billion for the same period of 2020. However, revenue from international commerce retail business for the same period last year was US$3.29 billion, a year-on-year increase of 43% compared to US$2.23 billion for the same period of 2020.

    When it comes to wholesale business, revenue in China for the six months ended on 30 September 2021 was US$1.26 billion, an increase of 14% compared to the same period of 2020. The increment was better in its international business, as the revenue was US$1.42 billion, an increase of 36% compared to the same period of 2020. Reuters’ report said that Lazada will target European vendors, while Lazada Thailand CEO James Dong will help spearhead the initiative. The destination of the expansion is still unknown at the moment. Moreover, Alibaba’s international digital commerce Jiang Fan visited Singapore in April to discuss the plan too.

    The potential expansion plan is Alibaba’s another step to tap into opportunities in Europe. Its logistic arm Cainiao opened a hub in Belgium last November which, reportedly, was the largest of its kind in Europe and a key part of the agreement between the Alibaba Group and the Belgian government concluded in 2018 to join the global Electronic World Trade Platform initiative.  Alibaba’s present in Europe also includes AliExpress, targets consumers looking for goods such as fashion, accessories, computer electronics, toys and tools from Chinese manufacturers.

    Last year, Alibaba reorganised its international and domestic commerce platforms into two units to better drive synergies, including international digital commerce and China digital commerce. International digital commerce brings together Alibaba’s overseas consumer-facing and wholesale businesses under the leadership of Jiang. It will include AliExpress, Alibaba.com, and Lazada. According to Alibaba, these businesses propel its globalisation strategy and the newly-created unit is in line with Alibaba’s goal of serving two billion consumers globally. In its last quarterly earnings, the company said it had reached 285 million annual active consumers overseas.

    Meanwhile, Lazada competitor Shopee also decided to pull out of France, after its foray into Europe. Shopee said that following a short-term, preliminary pilot, the company has decided not to continue the Shopee service in France. It added that other markets are unaffected, and Shopee will continue to adopt an “open-minded and disciplined approach to exploring new markets”.

    Last year, Shopee said that it is looking to grow its presence in Spain with the launch of a new Instagram page. At that point, the expansion into Europe is still in the early stages and that Shopee was understood still testing the waters. Shopee’s strategy to enter the Spanish market came shortly after it announced its expansion plans into Poland.

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  • Lazada to highlight 5000 eco-friendly products in LazEarth campaign

    Lazada to highlight 5000 eco-friendly products in LazEarth campaign

    E-commerce platform Lazada has grouped 5000 products with sustainability credentials in a new section of its LazMall to encourage shoppers to buy items that are friendly to the planet.

    The goods, from some 70 brands, mainly span the fashion and FMCG categories and are made, packed, or shipped with reduced plastics, or materials better for Earth.

    Unveiling its LazEarth campaign, Lazada says it wants to encourage a reduction in plastic waste in both products and packaging, given Southeast Asia consumes an estimated 31 million tonnes or more of plastic waste each year. Recognising that consumers in the region are becoming concerned about plastic waste, Lazada believes the campaign will make it easier for people to identify and source environmentally friendly products.

    Lazada will also work with LazMall brands and partners to expand their offer of eco-friendly products.

    “As digital commerce continues to be one of the key growth drivers in Southeast Asia, it is crucial for companies to place sustainability at the core of their strategies to build stronger and greener economies,” said Magnus Ekbom, chief strategy officer at Lazada Group.

    “The LazEarth campaign is part of Lazada’s ongoing efforts to address plastic waste and help our buyers make informed decisions about sustainable products.”

    Lazada has offered greener packaging through its Fulfilment by Lazada (FBL) service for the partnering brands since 2011. The brand also partners and makes social initiatives to build a sustainable digital commerce ecosystem in Southeast Asia.

    “As part of our commitment to build a lasting digital commerce business in Southeast Asia, we recognise that sustainability and value creation will become increasingly important to our long-term success,” said James Chang, chief business officer of Lazada Group

    “With the launch of LazEarth, we look forward to forging more collaborative partnerships and green initiatives that will empower our brands, partners and consumers to collectively create responsible and sustainable shopping and consumption habits.”

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  • India’s Tata launches “super app” in challenge to Amazon, Walmart

    India’s Tata launches “super app” in challenge to Amazon, Walmart

    India’s Tata Group on Thursday launched its much-awaited e-commerce “super app” offering everything from apparel to air tickets in a renewed push for a slice of a fast growing market dominated by Amazon.com and Walmart’s Flipkart.

    Tata Neu, which has been in the works for about two years, is a single platform for the group’s brands, including Westside fashion, Air Asia tickets, Croma electronics, the Taj group of hotels, BigBasket online grocery and 1mg online pharmacy.

    “Our aim is to make the lives of Indian consumers simpler and easier,” Tata’s Chairman N Chandrasekaran said on LinkedIn, adding that its joint venture airline Vistara and recently acquired Air India, as well as watch brand Titan will be available on the app soon.

    The 154-year-old group, which raked in $103 billion in revenue in 2020-21, is a leading player in steelmaking, IT outsourcing and utilities but arguably best known internationally as the owner of British luxury car brand Jaguar Land Rover. It also makes cars at home under its own brand.

    Tata also has an expansive offline retail portfolio, including a joint venture with Starbucks Corp. Its fashion and watch stores are ubiquitous on Indian high streets and it operates stores for Inditex fashion brand Zara.

    Despite launching the Tata CliQ online marketplace in 2016, the group has been a minnow in an e-commerce market widely projected to be worth $200 billion by 2026. With Tata Neu the group is determined to change that, sources told Reuters last year.

    Tata Neu will offer a membership program and a cross-brand loyalty scheme where customers can earn and redeem rewards while making purchases on the app.

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  • Shopee to shut down India operations

    Shopee to shut down India operations

    E-commerce and gaming firm Sea said on Monday it is withdrawing from India’s retail market just months after starting operations there, the second pullback this month in an overseas expansion drive, as the loss-making firm faces a weak growth outlook.

    The withdrawal, effective beginning March 29, comes weeks after its e-commerce arm Shopee said it was pulling out of France and after India banned Sea’s popular gaming app “Free Fire”.

    After the ban, the market value of New York-listed Sea dropped by $16 billion in a single day, leading some investors to cut holdings in the Singapore-headquartered company.

    Shopee said in a statement its withdrawal came “in view of global market uncertainties” and that the company would make “the process as smooth as possible”.

    Sea earlier this month said revenue growth of its e-commerce business was expected to halve to around 76 percent this year from a blistering 157 percent in 2021, amid fewer online purchases and engagements as more countries emerge from the pandemic.

    “Due to a drastic shift in the market sentiment towards growth stocks, all these e-commerce companies are under real pressure to at least break even as soon as possible,” said LightStream Research equity analyst Oshadhi Kumarasiri, who publishes on the Smartkarma platform.

    Sea’s U.S.-listed shares fell 3.2 percent to $112.35 in afternoon trading.

    The company’s shares had already dropped 11 percent in January after Chinese tech giant Tencent announced it was selling 14.5 million shares in the group.

    There is no clear evidence that the decision to withdraw from India is based on government pressure or other operational decisions, Citi analyst Alicia Yap said.

    Reuters was the first to report Sea’s decision on its Indian operations.

    Shopee’s India business began in October 2021 as part of an aggressive international push that saw it expand into Europe. Sea’s market cap at the time was as much as $200 billion. It has since dropped to $64.76 billion in March 2022.

    The local unit, Shopee India, recruited local sellers and launched a shopping website and app. India’s fast-growing e-commerce market was already dominated by such players as Amazon.com Inc and Walmart’s Flipkart.

    One person with direct knowledge of the company’s thinking said Shopee’s decision to exit from India was sparked in part by stricter regulatory scrutiny that saw Sea’s gaming app Free Fire banned as part of a crackdown on companies allegedly sending data to servers in China.

    Sea said earlier in March it does not transfer or store data of Indian users in China.

    The person said Shopee had been planning to invest up to $1 billion in India, and that the pullback would hurt Indian logistics firms with whom it had signed lucrative contracts.

    The company, asked to comment on the figure, disputed the number as “not accurate”, without giving details, saying “the decision regarding Shopee India has nothing to do with regulatory matters”.

    “We continue to work on addressing the situation with Free Fire in India,” the firm added.

    Reuters reported in February, citing sources, that Singapore authorities had raised concerns to India over the ban, asking why Sea had been targeted.

    E-commerce players face a strict regulatory environment in India. New Delhi has for years imposed restrictions to protect smaller brick-and-mortar retailers.

    Offline retailers in India have often alleged foreign companies bypass regulations and offer deep discounts that hurt their business, allegations the companies deny. Shopee had in recent months faced boycott calls from such traders in India.

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  • Flipkart Enters Strategic Alliance with Google Cloud to Advance Innovation in a Digital-first Future

    Flipkart Enters Strategic Alliance with Google Cloud to Advance Innovation in a Digital-first Future

    Google Cloud and Flipkart, India’s homegrown consumer internet ecosystem, have entered into a multi-year strategic partnership to help fast-track Flipkart’s innovation and cloud strategy. This partnership will propel Flipkart into its next phase of growth and advance its vision of onboarding India’s next 200 million shoppers and lakhs of sellers.

    Working together, Google Cloud will help Flipkart:

    • Scale on Google Cloud’s infrastructure to reach more Flipkart customers — By leveraging Google Cloud’s secure and scalable global infrastructure and advanced networking technologies, Flipkart will be able to deliver robust app access and performance even during peak purchase seasons with heightened traffic. Flipkart will also continue to advance the pace of new product development by building on Google Cloud, furthering its expansion into Tier 2 and Tier 3 markets in India.

    • Accelerate data-led innovation to unlock customer insights — Flipkart will make its data platform more efficient by deploying Google Cloud’s advanced data analytics and machine learning technologies. This will enable the company to better analyze traffic and transactional data, unlock rich real-time insights into customer purchasing and shopping behavior,  identify trends and patterns with increased demand and create more personalized recommendations to enrich customer experience.

    • Advancing productivity and collaboration globally with Google Workspace — As a long time Google Workspace customer, Flipkart will expand its use of the flexible, innovative solution across its rapidly growing workforce to create innovative human-centered employee experiences and deepen connections in this new hybrid work environment.

    Jeyandran Venugopal, Chief Product and Technology Officer, Flipkart said, “Our strategic alliance with Google Cloud will enable us to accelerate our digital transformation, power productivity and advance our innovation agenda. We are excited by Google Cloud’s unique strengths and experience in AI/ML and its proven scalability and security, all of which will be critical in our next phase of growth.”

    “Flipkart’s growth in India has been powered by its digital-first strategy and forward thinking approach to cloud technology. As the company continues to scale and grow its ecommerce platform, we will work together to drive technological innovations and help Flipkart drive breakthrough businesses in the future,” said Bikram Singh Bedi, Managing Director,  Google Cloud India.

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  • E-commerce startup raises $7 mln

    E-commerce startup raises $7 mln

    Vietnam e-commerce startup OpenCommerce Group has raised $7 million in a Series A funding round led by internet company VNG and venture capital firm Do Ventures.

    The Hanoi-based company, which provides tech solutions for sellers to create and manage their online stores with no inventory costs required, said it has supported 86,700 small and medium enterprises in 195 economies after two years of establishment.

    The company, which also offers print-on-demand services for sellers to create and distribute unique clothing designs, has recorded a gross merchandise value of $670 million to date.

    Quan Truong, co-founder, and CEO, said the company would use the funding to reach new sellers, with a focus on Europe, the U.S., China, and Southeast Asia this year.

    Vietnamese startups attracted investments of over $1.3 billion in 2021, four times the previous year’s figure, according to the National Agency for Technology Entrepreneurship and Commercialization Development.

    The country is set to exceed Thailand by 2025 to become the second-biggest internet economy in Southeast Asia with a scale of $57 billion, behind Indonesia at $146 billion, according to the e-Conomy Southeast Asia 2021 report by Google, Temasek, and Bain & Co.

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  • Amazon sues alleged fake review brokers AppSally and Rebatest

    Amazon sues alleged fake review brokers AppSally and Rebatest

    Amazon is suing two websites that allegedly used their networks of more than 900,000 users to post fake reviews to e-commerce marketplaces.

    AppSally and Rebatest operate as “fake review brokers,” Amazon said in an announcement. In AppSally’s case, the website allows merchants to buy Amazon reviews for as little as $20. Rebatest, on the other hand, asks interested users to first buy a product from Amazon; it’ll then refund the cost in exchange for a review.

    “The lawsuits aim to shut down two major fake review brokers, AppSally and Rebatest, who helped mislead shoppers by having their members try to post fake reviews in stores such as Amazon, eBay, Walmart, and Etsy,” according the Amazon.

    Together, the claim “to have more than 900,000 members willing to write fake reviews,” Amazaon said. Rebatest’s own homepage says over 818,000 members have used the site to save $11 million.

    In investigating Rebatest, Amazon allegedly found the site “will only pay people writing 5-star reviews after their fake reviews are approved by the bad actors attempting to sell those items.”

    Meanwhile on AppSally, merchants were allegedly shipping empty boxes to users willing to write fake reviews, likely as a way to fool Amazon systems into thinking the same users were verified buyers of the actual products. To make the fake reviews seem even more authentic, AppSally would also upload pictures that could be posted alongside the reviews.

    “While we prevent millions of suspicious reviews from ever appearing in our store, these lawsuits target the source,” Amazon VP for Customer Trust Dharmesh Mehta said in the announcement.

    AppSally and Rebatest did not immediately respond to a request for comment. AppSally is based in New Zealand. It’s unclear where Rebatest is located.

    Amazon didn’t say where it’s suing AppSally and Rebatest. But the lawsuits are part of an ongoing effort to stop inauthentic reviews from circulating on the company’s website and app. “Amazon receives more than 30 million reviews each week, and uses a combination of machine learning technology and skilled investigators to analyze each review before it is displayed,” the company added.

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  • B2B e-commerce platform Buy2Sell reaches 1 mln hits

    B2B e-commerce platform Buy2Sell reaches 1 mln hits

    According to statistics for Buy2Sell’s Google Analytics in 2021, the platform recorded over half a million visits and 140,000 registered users.

    In 2020, the platform reached about 400,000 visits and 56,000 registered users. In two years, it has recorded one million hits and more than 200,000 registered users.

    According to Buy2Sell’s importation data for the second semester of 2021, Buy2Sell Vietnam imported more than $22 million of goods through their global network of suppliers. These goods are destined for large local buyers using the platform. The most popular items are wine, nutritional food and cosmetics.

    “We are in a growth phase. Our revenue stream provides Buy2Sell steady capital. Currently, we have received interesting offers from large investors. However, we are very humble right now in speaking about evaluation. Our focus is to deliver value, quality of service, brand influence in the community and efficiency. E-commerce is our primary goal,” Harry Morant, Buy2Sell CEO, shared.

    While most people use Google and other search engines to locate products, businesses did not have the same capabilities in the past. However, this is changing thanks to the increasing number of B2B eCommerce marketplace platforms. Now more than ever most businesses, large or small, heavily rely on B2B E-commerce marketplaces.Buy2Sell was established in 2015 and belongs to the group LLHP PTE LTD, Singapore.

    Vietnam stands to benefit as the B2B E-commerce market with the highest growth rate in Southeast Asia, reaching $13.2 billion in 2020, and is expected to grow at a CAGR of 43 percent by 2025. Buy2Sell plans to build a faster and more user-friendly platform and expand its sales, marketing, and technology teams to drive rapid growth.

  • AliExpress Unveils New Winter Sports Gear Trends

    AliExpress Unveils New Winter Sports Gear Trends

    The global winter sports gear market continues to boom in 2022 thanks to the thrilling Beijing 2022 Winter Olympics and the rising popularity of winter sports around the world. Sales data from AliExpress, a global retail online marketplace under the Alibaba Group, shows a growing demand for winter sports products particularly for the winter sports equipment and gear categories.

    Strong Demand for Fashionable and Tech Infused Winter Sports Products

    According to sales data, 2022 is set to be a milestone for the winter sports gear market. AliExpress recorded a 60% increase in sales of winter sports gear in Q4 2021 year-over-year, with a growing number of customers looking for trendier and more fashionable ski outfits, goggles and helmets.

    Ski products with tech features such as heated ski gloves have been catching AliExpress customer interest since they create a more enjoyable experience for winter sports lovers. The sales of heated ski gloves on AliExpress in Q4 2021 increased by 780 times year-over-year.

    Best-selling winter sports gear on AliExpress include ski helmets, snowboard sets, ski pants, ski gloves and ski goggles. In particular, the sales of ski helmets on AliExpress in Q4 2021 saw a 1500% increase year-over-year.

    Russia, US, South Korea, France, and Spain Markets Lead Winter Sports Gear Sales 

    The top five markets purchasing winter sports gear on AliExpress include Russia, US, South Korea, France and Spain. In addition, with AliExpress operating in over 200 countries and regions around the globe, customers in Iceland, Chile and other remote areas are able to get their winter sports gear on AliExpress thanks to its well-established logistics ecosystem.

    Cost-performance of ski equipment has particularly been advantageous for French and Spanish customers. In particular, the sales volume of ski goggles and ski gloves in Spain increased 100% and 53% year-over-year respectively. In France, customers are opting for a two-layer ski jacket, resulting in a 72% growth year-over-year for this item.

    In Asia, an increasing number of South Korea customers are purchasing ski gloves and two-layer ski jackets on AliExpress for their ski adventures.

    Elevated E-commerce Experience with Upgraded Logistics Infrastructure

    AliExpress is committed to providing a faster and more efficient cross-border delivery experience with its robust cross-border e-commerce ecosystem consisting of seven domestic selection warehouses in China, nine automated sorting centers in China, overseas warehouses and a weekly average of over 80 chartered flights.

    In partnership with Cainiao, AliExpress currently offers delivery in 10 working days for selected cross-border orders made in Spain and France, 12 working days for Brazil and five working days for South Korea.

    Since 2020, AliExpress and Cainiao have also actively developed overseas warehouses to enhance the capacity and efficiency of cross-border logistics networks. Local shipping in Spain and France can be delivered in three days and seven days for the rest of Europe.

    A network of over 20,000 self-pickup service points has been launched in Spain, France, Poland and Russia, combining AliExpress-branded lockers powered and operated by Cainiao, as well as collection points powered by local partners.

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  • E-commerce saved fashion designer Tadashi Shoji during pandemic

    E-commerce saved fashion designer Tadashi Shoji during pandemic

    After closing all his stores, veteran fashion designer Tadashi Shoji said he has been able to keep his business afloat during the Covid-19 pandemic thanks to the success of e-commerce and custom sales.

    The Los Angeles, California-based brand released its digital runway show online on Saturday during New York Fashion Week.

    Keeping costs low, the video was filmed in the company’s cafeteria with creative lighting and editing.

    “Logistically it’s very hard, but it’s very fortunate for us because of Covid our e-com is increasing tremendously. That’s helping me to survive in this Covid time,” Shoji said.

    “If we didn’t have this strong e-com infrastructure for us I think, I think our business went down,” he said.

    Shoji said this season was inspired by “boundless expression” and has added different silhouettes to his normal body-con repertoire.

    Menswear was the inspiration for many looks with stretch velvet, shimmer and slits providing femininity.

    The designer’s signature draped tulle, lace and hand beading made the collection look familiar to his long-time fans.

    New York Fashion Week will end on Feb 16 with over 150 designers having presented their collections live or online.

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