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Tag: marketplace

  • Central JD to launch online marketplace in Thailand

    Central JD to launch online marketplace in Thailand

    A JV between JD and Thailand’s Central Group, Central JD Commerce will launch online marketplace www.jd.co.th in August.

    A soft launch is scheduled within the next few weeks.

    “Thailand is our second-biggest market in Southeast Asia following Indonesia, with Vietnam in third place,” says JD corporate VP Gloria Li.

    She says Southeast Asia became part of JD’s overseas expansion strategy two years ago. “We will bring our technology expertise and transfers to local teams, building an innovative retail industry.”
    Li says Thailand is an attractive market because of its preference for high-quality products and the rising number of middle-income consumers.

    A partnership with Central Group will enhance the customer experience for online shopping and logistics, as well as warehouse and delivery capabilities.

    The marketplace will provide goods from qualified merchants, most of whom are brand owners and small- and medium-sized enterprises.

    Li says the JV will export Thai products where the company has a footprint, such as China and Russia.

    “Our big-data analytics technology will provide customers insights into products for which there is high demand, helping them run promotions for targeted customers,” says Li. The return on investment with such marketing campaigns can be measured.

    Globally, JD has 301 million customers, with 82 per cent of its orders made via mobile. It is the largest retailer in China with revenue of US$55.7 billion last year.

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  • UPS announces new innovations to Marketplace Shipping solution

    UPS announces new innovations to Marketplace Shipping solution

    Earlier this week, UPS heralded the most recent additions to its Marketplace Shipping offering, which it described as a technology solution that enables merchants to view, process, and ship orders from various e-commerce marketplaces and online stores through a single online interface.

    UPS introduced marketplace shipping four years ago to provide customers with a simple option for getting their sold orders into the hands of their buyers, a company spokeswoman told. UPS Marketplace Shipping has been live on UPS.com since January of 2014 but has not been formally publicized by the company until this week.

    “UPS recognized the growth trends in e-commerce third-party marketplaces for small business owners and wanted to provide an easy, low cost solution to help them manage and ship their online orders,” she said. “UPS has always been focused on helping our customer grow their business on both a domestic and global platform. This is why we launched UPS marketplace shipping in 11 countries.”

    The two new additions to UPS Marketplace, the 19th and 20th companies involved with the offering, are Houzz, a popular site for home remodeling, design and purchasing of related products, and Pricefalls Marketplace, an online retail marketplace offering a wide variety of goods, with Magento, an open source e-commerce platform, added late last year. UPS said it expects to continue adding additional marketplaces, which will further facilitate the ease of shipping and selling on multiple sites.

    Marketplace Shipping benefits online sellers by saving time in their order processing, reducing cost from eliminating the need to purchase third- party software programs and benefiting from what the UPS spokeswoman called a “vast array of service options,” including reliable time-guaranteed deliveries and enhanced visibility tools that come from using the UPS network.

    In terms of how Marketplace Shipping works, the spokeswoman explained that customers that have created online stores on any of the 20 platforms supported by Marketplace Shipping, simply register their online stores with UPS marketplace shipping to view, edit and ship their packages.

    “It as simple as 1,2,3…Connect, view and ship,” she said.

    Prior to the introduction of Marketplace Shipping, online sellers had to copy and paste address information from their online buyers shopping cart into UPS shipping systems.

    “UPS marketplace shipping was designed to automate this process by automatically pulling in the buyer’s shipping address and then uploading tracking numbers back to the shopping carts once the orders are shipped,” the spokeswoman said.

    Michele Cooper, senior manager of customer technology marketing, UPS  said in a statement that smart sellers know they have to be on multiple marketplaces to reach the most customers, but juggling transactions from an ever-increasing number of sales sites can get complex.

    “UPS Marketplace Shipping is designed to address that pain point,” she said. “UPS Marketplace Shipping is an innovative solution for businesses seeking a tool to offer customizable shipping services in the rapidly-growing world of e-commerce.”

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  • H&M to launch new marketplace Afound

    H&M to launch new marketplace Afound

    Swedish fashion retailer H&M will launch an off-price marketplace later this year featuring discounted fashion and lifestyle brands, both external and those from the H&M group.

    Afound, which will be introduced as a new brand, will be launched both online and with physical stores, starting in Sweden in 2018.

    H&M’s ANZ communications manager Elizabeth Cave said there are still no details on whether the retailer will open an Afound store in Australia.

    The company’s first store will open in Drottninggatan, Stockholm in parallel with the launch of the digital marketplace in Sweden.

    H&M has not specified which brands, or how many, will be featured on Afound, but Cave said the retailer will reveal more details closer to the launch date which would probably include a list of all participating brands.

    Cave said Afound will be a “style- and deal-hunting paradise”, a marketplace selling discounted fashion and lifestyle products, with both external and the H&M group’s own brands, offering a wide range of well-known, popular brands for both women and men.

    “Afound will present a carefully selected, season-less range from Swedish and international brands in a variety of price segments both online and in physical stores,” she said.

    Fredrik Svartling, managing director of Afound, said in a statement that there’s big potential for Afound and that the business is looking forward to introducing the marketplace.

    “Afound cares about both the value of the products and the mix,” Svartling said. “And by offering personal style inspiration, quality labels, and the sense that you’re getting a really good deal, Afound will offer a new form of off-price experience.”

    According to H&M Group CEO Karl-Johan Persson in an earlier statement, H&M is branching out into new concepts, like Afound, in order to keep up with the fashion industry’s ever-changing pace and to increase its market share.

    “We constantly work on new ideas and innovations that will drive us forward – and there are many in our pipeline for 2018 and the years to come,” Persson said.

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  • Facebook launches Hong Kong Marketplace

    Facebook launches Hong Kong Marketplace

    Facebook Marketplace has launched in Hong Kong, allowing users to easily find, buy and sell goods locally.

    Already 550 million people buy and sell in groups on Facebook each month. With Marketplace, it is easier to both sell and buy. Users can view the public profiles of buyers and sellers, their mutual friends, and how long they have been on Facebook.

    FeedMarketplace shows items relevant to users’ interests and available in their community. Similarly, by tapping on the Marketplace icon, users can post products for sale directly or cross-post from a buy-and-sell group.

    Users can search for specific items and filter results by location, category or price. Images can be tapped to show more details, and items can be saved for later perusal.

    Interested buyers can directly contact the seller by message and make an offer. Facebook does not handle payments or deliveries.

    To sell an item, users simply take a photo, describe the item and set their.

    Hong Kong joins 64 countries where Marketplace is available.

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  • Dropee Launches Full Release of its B2B Marketplace with a New Web Interface

    Dropee Launches Full Release of its B2B Marketplace with a New Web Interface

    Dropee, a local based technology start-up, today launched the full release of its B2B marketplace and introduced a new web interface to further streamline trading between suppliers and retailers.  Prior to the full release, Dropee was running on beta since early this year.

    Unlike previously, current Dropee is able to support any number of suppliers and retailers. In addition, it also brings a new web interface that contains enhancements to help improve and optimize the way suppliers trade products with retailers. For instance, suppliers now have a new dashboard that has greater functionalities to help speed up documentation processing, to better manage relationships with customers and more. Dropee full release is now accessible by registered retailers and suppliers and it is available at a same low rate, starting at RM388 per month.

    Key enhancements brought by the new Dropee are:

    1. Targeted promotional campaigns: Unlike previously, suppliers now can launch promotional campaigns where they can choose to specify which customers that are eligible for additional discounts from the listed prices on Dropee. Dropee system is flexible enough for them to key in any amount of discounts to be given to eligible customers. Additionally, frequent customers of the suppliers will be able to request to be a part of this additional discount feature by clicking on the “Request For Additional Discounts” button on the their respective dashboard.
    2. Better streamline ordering process: With the new interface, the process of ordering can be done more efficiently where retailers can place new orders and to re-order directly without relying on a sales person from the supplier to help them. Subsequently, this empowers suppliers and their sales team by enabling them to focus on closing more new accounts and servicing a larger pool of retailers than they previously could.
    3. Easier discovery of wholesale pricing goods (buyers): Different than the old interface, current Dropee allows retailers to discover products easier based on their categories of interests such as Convenience Stores, F&B Restaurants, and others which are curated by Dropee team for each category after making sure that the products listed are at wholesale prices.

    Lennise Ng, chief executive officer (CEO) and co-founder of Dropee said, “We are truly excited that the Dropee’s full release is here and we now have a new web interface. After months of running on beta, we’ve improved our system to be ready to take on any number of suppliers and retailers. We have also decided to revamp the interface of our B2B marketplace to benefit both retailers and suppliers. We are pleased with the result where it is now easier for suppliers to manage their sales and for retailers to get the best deals that meet their needs and budget.”

    Aizat Rahim, chief operating officer (COO) of Dropee said, “We’ve run a test for the new enhancements with some of our users and they have noted an increase in recurring sales due to a faster replenishment process from reduced documentation time. On top of that, their process ordering rate has increased by 30 percent within two months, based on an internal survey conducted.”

    Lennise Ng added, “Our target is to have 1000 small- and medium-sized enterprise (SME) retailers sourcing from our platform in the next six months. Currently, we have more than 1000 of products of fast-moving consumer goods (FMCG) and, the number is growing rapidly. With just a few clicks of a button, retailers can find products that they want and from the suppliers and brands that they trust.”

    “We plan to expand our on-ground sales team and form strategic partnerships with organizations who aim to provide better services to SME business owners across Malaysia. We will be looking to enter different states in the first quarter of 2018,” Lennise explained about her plan for market acquisition.

    Some of the retailers that have used Dropee include offline retailers such as Shell Select, Pusrawi and local F&B outlets such as Kopi Time, as well as, online retailers such as GrubCycle and Giftr.

     

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  • Supply chain group Tigers launches new e-shop marketplace supporting brands entering china

    Supply chain group Tigers launches new e-shop marketplace supporting brands entering china

    Supply chain group Tigers has launched a new marketplace, called eShop, to support brands entering the rapidly expanding China and Southeast Asia e-commerce markets.

    The digital marketplace, part of Tigers’ suite of e-commerce products, offers a one-stop shop solution, from marketing, to taking payments, managing the supply chain, order fulfilment, and returns.

    Up-and-coming Italian designer workout wear Gr1ps, and award-winning golf simulator OptiShot Golf are amongst the first Tigers eShop customers in China, Hong Kong, and Malaysia.

    “Tigers eShop offers a cost-effective, scalable enterprise solution for companies of all sizes,” said Andrew Jillings, chief executive officer and group managing director, Tigers.

    “We can provide fiscal representation to SMEs wanting to enter the China market that do not have a presence there.”

    “The logistics industry has the desire to adopt technology, but few providers are offering a real solution that ultimately services every e-commerce business.

    “Rather than being a one-size fits all, Tigers’ IT systems, which work on a cloud-based operating platform, are flexible enough to meet a large variety of demands.”

    Gr1ps, founded in 2011, designs innovative functional training products and has been recognised as a pioneer in Brazilian Jiu Jitsu and Mixed Martial Arts apparel. “Tigers eShop forms a core part of our sales strategy in acquiring new clients in the Asia market, and increasing brand awareness and exposure through Tigers’ network,” said Katty Fung, chief operating officer, Gr1ps.

    “We look forward to bringing our brand values, of quality and attention to detail, to larger sports and lifestyle communities with this expansion.”

    OptiShot Golf is a golf simulator platform designed by two fans of the game, which allows players to practice and play on replicas of major championship courses, as well as play in global online tournaments, with real clubs and real golf balls.

    “China is an important market for us and the Tigers eShop is an exciting opportunity for us to grow our presence there,” said Kevin Johnston, president and chief operating officer (COO), OptiShot Golf.

    Tigers, which has been operational in Greater China since 1969, has 17 offices across the country and specialises in e-commerce fulfilment, transportation, and supply chain solutions.

    The Hong Kong headquartered supply chain specialist has 65 offices and 32 omni-distribution hubs across China, the USA, Germany, the United Kingdom, the Netherlands, Switzerland, Australia, Malaysia, India, and South Africa.

    Tigers plans to open more eShops across a number of strategic locations.

    “Tigers will continue to focus on our two main assets, our technology and our people,” said Jillings.

    “We are privileged to be working with exciting brands like Gr1ps and OptiShot Golf. They are both dynamic groups with great products and they embrace the online retail space.

    “There is always a learning curve working with companies like these.”

    Tigers can trace its founding origins back to 1888 in the Cape of Good Hope, South Africa, where their South African subsidiary was first founded.

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  • The rise of the IoT marketplace is under way

    The rise of the IoT marketplace is under way

    As companies seek to transform themselves with IoT technologies, they are confronted by an incredibly complex and diverse supplier market from which to build IoT solutions, according to ABI Research.

    To address this challenge, suppliers are leveraging ecosystem partnerships to provide end-users with a one-stop-shop portfolio of hardware, software, and services.

    These emerging IoT Marketplaces not only simplify IoT solution creation and adoption, but they also facilitate supplier and buyer interactions ultimately creating open networks that encourage innovation.

    “The IoT supplier landscape is scattered right now with a diverse array of companies offering a myriad of complex components and solutions,” ABI research analyst Ryan Harbison said.

    “IoT Marketplaces, are a response to this complexity designed to reduce the friction buyers face when adopting and implementing IoT solutions.”

    ABI Research finds that to reduce the friction that enterprise developers encounter when developing IoT solutions, IoT Marketplaces need to effectively address all components of the IoT value chain.

    While some IoT Marketplaces currently offer all solution components, many do not have comprehensive offerings. Suppliers are currently working to formalize and expand marketplace offerings and in some cases, integrate them with resources and programs already in place to fully leverage existing relationships.

    “IoT Marketplaces allow suppliers to build an IoT offering centered around their core offerings,” continued Harbison. “These marketplaces are particularly effective when they are built around a single connection point, such as a platform or gateway, because that simplifies the work enterprise developers need to do on both the front and back end.”

    ThingWorx successfully leveraged its platform alongside its partners’ expertise to offer a comprehensive supplier exchange. Aeris’ Neo Marketplace provides enterprises not only end-to-end IoT solutions, but also access to support services, APIs, and network services tools.

    Dell, likewise, worked with its partner program to center its end-to-end marketplace offerings on its IoT edge gateways. Companies like Libelium, Sierra Wireless, and Telus offer solutions in the form of vertical-specific application development and solution kits aimed at enterprise developers.

    Other companies like Amazon Web Services and Microsoft currently limit their IoT Marketplace offerings to software solutions, but both are looking to integrate their existing program into a cohesive end-to-end IoT offering.

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  • World’s Largest Lighting Marketplace Opens in Hong Kong

    World’s Largest Lighting Marketplace Opens in Hong Kong

    Organised by the Hong Kong Trade Development Council (HKTDC), the 18th HKTDC Hong Kong International Lighting Fair (Autumn Edition) opened today and continues through 30 October at the Hong Kong Convention and Exhibition Centre (HKCEC). To encourage cross-sector business opportunities, the HKTDC has also launched the brand new HKTDC Hong Kong International Outdoor and Tech Light Expo this year, which runs from 26 to 29 October at the AsiaWorld-Expo.

    The inaugural Outdoor and Tech Light Expo and the 18th HKTDC Hong Kong International Lighting Fair together form the world’s largest lighting marketplace, welcoming over 3,000 exhibitors from 37 countries and regions to showcase their state-of-the-art lighting products and solutions. Compared to last year’s lighting events, the number of exhibitors this year has increased more than 10 per cent, which reflects the industry’s positive sentiment towards the market. Products such as LED green lighting, smart lighting and outdoor lighting products are in particularly sharp focus.

    The HKTDC has organised 77 buying missions with more than 7,000 buyers from over 4,900 companies, to seize new business opportunities during the fair period. Notably, a number of renowned lighting products distributors from emerging markets are participating in the buying missions, such as Etna Home Store from Brazil, Wipro Enterprise Ltd from India, Anh Minh Chau Trading from Vietnam, Seng Hup Lightings & Decor from Malaysia, LEDIN Sp. z o.o. from Poland, and Huda Lighting from the United Arab Emirates.

    Energy-efficient products and creative designs in the limelight

    The HKTDC provides a professional sourcing platform for the lighting industry by gathering exhibitors from around the world to present new energy-efficient and creative products as well as the latest technologies to potential buyers. This year, the Lighting Fair welcomes a record of over 2,650 exhibitors from 37 countries and regions. Companies from Canada, Hungary, Ukraine and the UAE are taking part for the first time, offering more diversified options for buyers.

    One of the fair’s highlights, Hall of Aurora features 530 local and international brands, including BJB, Citizen, EGLO, Lumileds, Neo-Neon and Megaman.

    To keep abreast of industry trends, more than 1,000 exhibitors are displaying a wide variety of energy-efficient products at the LED & Green Lighting zone, providing innovative energy-efficient lighting solutions. Other thematic zones include Smart Lighting & Solutions, Commercial Lighting and Household Lighting.

    Among the many innovative and creative products at the fair are the world’s first spiral shaped filament LED light bulb SIMBULB (Booth: 1D-D36), which won the Good Design Award 2015 and Red Dot Award 2016; the smart Aroma Diffuser Lamp (Booth: 1B-E37) that serves as a diffuser, humidifier, Bluetooth music player and lamp; 180 degrees motion activated LED Security Light (Booth: 3C-D18) equipped with a WiFi-enabled camera, built-in microphone and speaker, and a Floating Bulb (Booth: 3B-D35) that uses magnetic floating and wireless induction technologies.

    Inaugural Outdoor and Tech Light Expo makes bright debut

    Building on the success of the World of Outdoor Lighting & Lighting Accessories 2015, this year the HKTDC is expanding the scale of the event by launching the debut Hong Kong International Outdoor and Tech Light Expo, which opened yesterday and runs until 29 October at the AsiaWorld-Expo, to meet market demand and foster cross-sector business.

    The inaugural fair gathers about 380 exhibitors from Hong Kong, the Chinese mainland, Malaysia, Korea and Taiwan. It comprises four major zones: Outdoor Lighting, Lighting Accessories, Parts and Components, Professional and Industrial Lighting, as well as Advertising Lighting. A wide range of unique professional and industrial lighting products for different working environments are on show, including the LED Down Lights by Hella Marine made of high-grade 316 stainless steel, which is popular among the automotive, marine and industrial sectors (Booth: 10-A05), and the APOLLO 2 Series LED Street Light, which is made of die cast aluminium and equipped with a lightning and surge protection system (Booth: 8-G02).

    During the Lighting Fair and Outdoor and Tech Light Expo, renowned industry experts are invited to explore technological breakthroughs and analyse the latest market trends. Today’s (27 October) seminar on “The Latest Development of Smart Lighting” at the HKCEC features representatives of LEDinside from Taiwan, Leedarson Lighting Holdings Pte Ltd from Singapore and Neonlite International Ltd sharing up-to-date smart lighting technologies and product trends. Another seminar, “Latest Standards and Regulations for LED Products” will be held tomorrow (28 October) at the AsiaWorld-Expo. Experts from leading companies including TUV SUD, Intertek HK and DEKRA will discuss the regulatory standards for LED products in the United States, Australia, Asia and the Middle East.

    In addition to the lighting events, the Hong Kong International Building and Hardware Fair and Eco Expo Asia run from 26 to 29 October at the AsiaWorld-Expo. The four parallel fairs generate strong synergy across related business sectors, adding value to the experience for exhibitors and buyers and creating more business opportunities. A free shuttle bus service between the HKCEC and AsiaWorld-Expo is provided during the fair period.

    Hong Kong: a trading and distribution hub for the lighting industry

    In the first eight months of 2016, the total value of Hong Kong’s exports of lighting products reached HK$6.1 billion. The city’s top three export markets are the US, the Chinese mainland and Japan, which together account for nearly 60 per cent of the total export value. Hong Kong’s exports of lighting products to the US increased by 2.8 per cent compared to the same period last year.

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  • World’s Largest Electronics Marketplace Opens in Hong Kong

    World’s Largest Electronics Marketplace Opens in Hong Kong

    The Hong Kong Electronics Fair (Autumn Edition) and electronicAsia opened today at the Hong Kong Convention and Exhibition Centre (HKCEC) and continue through 16 October. The 36th Electronics Fair (Autumn Edition) is organised by the Hong Kong Trade Development Council (HKTDC), while the 20th electronicAsia is jointly organised by the HKTDC and MMI Asia Pte Ltd.

    “As the world’s largest electronics marketplace, the Electronics Fair and electronicAsia gather around 4,200 exhibitors from 29 countries and regions,” said Benjamin Chau, Acting Executive Director, HKTDC. “The exhibits this year include smart tech, virtual reality, wearable electronics and more, demonstrating the industry’s ability to keep abreast of the technology trends and launch products that match the market’s demand. We hope they will be received well during the fairs.”

    The HKTDC has organised more than 140 buyer missions this year representing more than 12,000 global buyers from over 8,000 companies to the two fairs. These include major international retailers, importers and distributors such as TDL from Canada, Product Group from Australia, Casino from France, Casanova from Spain, Mad Robots from Russia, Mobibox from Brazil, Sound Village from Argentina, LehuMall.com from the Chinese mainland, Croma from India, ICST from Japan, Signeo from Singapore and Matahari Mall.com from Indonesia.

    Debut Virtual Reality and Startup zones showcase innovative technology and ideas

    Adopting smart and high-tech solutions has become a prevailing trend across virtually all sectors. To effectively showcase the latest technologies and products, the HKTDC has introduced a new Tech Hall at the Convention Hall, clustering five thematic zones including the inaugural Virtual Reality and Startup zones, as well as Smart Tech, Robotics & Unmanned Tech and 3D Printing. This assemblage will help buyers source high-tech electronic products with ease while investors can explore investment and partnership opportunities in a range of new technologies developed by startups.

    Startups are a growing force in driving economic diversity. The new Startup zone gathers close to 50 startup companies from Hong Kong, Canada, the Chinese mainland, Taiwan and the US to showcase new technologies. A Canadian exhibitor is presenting an in-vehicle diagnostic and monitoring device that can transform a conventional car into a smart vehicle. Its nine-axis sensor can gather data to reconstruct the car’s motion path if it is involved in an accident. A local startup exhibitor is introducing an electronic smart price tag equipped with a high-definition colour display and Wi-Fi, allowing pricing information to be updated wirelessly in real-time.

    To stand out in the marketplace, startups need suitable opportunities to explain their ideas and showcase their products to potential investors. To this end, the Electronics Fair provides an excellent platform with a series of startup-themed events on the programme. These include the “First Step of Your Startup Project” seminar, which features Ben Bateman, Senior Director of Strategic Programs of the US crowdfunding platform Indiegogo, a pitching session where startups can pitch solutions or product ideas to potential investors on the spot, as well as “Startup, Smart Launch” where newly developed technology and products can be introduced to buyers. Entrepreneurs behind successful startups are also on hand to share their experiences with visitors.

    Virtual Reality zone energises the tech craze

    Many industry players in the technology and online gaming sectors are investing in the development of virtual reality (VR) applications. The new Virtual Reality zone at the Electronics Fair is showcasing a range of VR headsets and related technology as well as VR video cameras. One of the Hong Kong exhibitors is using the fair to parade its 360-degree VR drone, a professional grade system for filming 360-degree panoramic scenes and VR videos. It is compatible with action cameras, enabling all-direction aerial spherical photography. A company from Taiwan has brought its 3D video camera module that enables users to capture 3D videos on a mobile phone with the module and an app.

    Launched last year, the Smart Tech and Robotics & Unmanned Tech zones continue to be popular with fair visitors keen to view the latest creative products and future technologies including robots with IoT technology, luggage tracking bands, drones and electric scooters. Meanwhile, the 3D Printing zone features 3D printers and related materials and technology. A local exhibitor is presenting a 3D printing education kit for use at home or in a professional learning setting. Users can assemble the printer themselves to print directly and, in the process, learn more about 3D printing technology.

    Hall of Fame presents branded products

    The brand of an electronic product is one of the key factors influencing consumer purchasing decisions. The Hall of Fame at the Electronics Fair gathers electronic products from some 550 brands, covering digital entertainment, home tech, wireless and communications, power and accessories. Buyers can choose from a wide variety of respected brands at the fair, including Desay, Goodway, GP Batteries, Haier, Intel, Motorola and VTech.

    electronicAsia offers cutting-edge electronic parts and components

    Held concurrently with the Electronics Fair, electronicAsia is an important sourcing platform for electronic components and production technologies. The fair gathers cutting-edge innovations from the US, Germany, France, Singapore, Taiwan, Japan and Korea, providing the industry with new product design ideas and materials. One of the highlight zones is World of Display Technology, which features products such as a LCD display suitable for outdoor use under direct sunlight. The product features a wide-viewing angle, high-resolution display and can also be used as a touch-screen panel.

    electronicAsia is also showcasing other components such as printed circuit boards, keyboards, switches, integrated circuits as well as parts, modules and technology for solar and photovoltaic energy. Key components for smart devices such as display backlight and smart switch modules are also on show, targeting mobile device manufacturers.

    Symposium on Innovation & Technology discusses IoT and smart devices

    Besides being an annual sourcing event for the industry, the Electronics Fair and electronicAsia also provide insights into market trends and industry intelligence. As smart devices and IoT technology continue to gain attention, the HKTDC is nurturing these trends by jointly organising today’s Symposium on Innovation & Technology with the Hong Kong Electronics & Technologies Association. Representatives from the world’s leading tech companies including Tesla, Amazon Web Services, HP and Qualcomm are among those sharing their expertise on smart tech and IoT trends.

    During the two fairs, a number of buyer forums and seminars are organised to address hot-button issues in the electronics sector such as virtual reality, augmented reality, wearable technology and integrated circuits among other industry developments. Meanwhile, TEDxHong Kong will be held on Saturday (15 October). TED, which stands for “Technology, Entertainment, Design”, is a forum for thought leaders from various sectors to share their views on future technological advancements. The winning products of The Electronic Industries Awards (EIA) 2016, jointly organised by the HKTDC and the Hong Kong Electronic Industries Association (HKEIA), are displayed at the fairground (booth no.: 1CON-00B). This year, there are 21 award winners from 13 product categories. The EIA aims to stimulate creative design and innovation within the electronics industry, as well as recognise and award exhibitors for their outstanding performance.

    Big business through small orders

    In view of the keen demand for small order sourcing, the hktdc.com Small Orders zone returns to the fair, featuring a total of more than 330 counters offering over 2,900 products for buyers looking to source products in minimum quantities of between five and 1,000 pieces. With the increasing popularity of e-commerce, the Small-Order Online Transaction Platform (https://smallorders.hktdc.com) enables global buyers to complete transactions with suppliers online. The platform is displaying more than 120,000 products from over 10,000 suppliers.

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  • Indonesia’s Elevenia marketplace gets $50 million from existing investors

    Indonesia’s Elevenia marketplace gets $50 million from existing investors

    Elevenia just raised another $50 million from its existing investors. The ecommerce marketplace is a joint venture of South Korean company SK Planet and Indonesian telco XL Axiata.

    Elevenia launched in Indonesia in early 2014 with an initial capital of $18.3 million from each partner. It has since received multiple capital injections from its parents, bringing Elevenia’s total funds – including the latest round – to about $110 million.
    The company claims to have clocked $95 million in revenue in 2015. It also says it has about 20,000 daily transactions and four million products listed from 30,000 sellers, with 40 million visitors.

    That’s double the figures it released around its first anniversary in early 2015. At that time, Elevenia announced 20 million visitors a month, 18,000 sellers, and two million product listings. It did not release revenue figures for 2014.

    Elevenia has been a steady yet somewhat quiet presence in Indonesia’s crowded ecommerce landscape. It competes alongside companies like Lazada, Bukalapak, Tokopedia, Qoo10, Rakuten, Blanja, Blibli and MatahariMall.

    With fresh funds at hand, it plans to grow its team, increase its marketing efforts, improve its product and services, and move to a new office, the company said in a statement.

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  • Lazada’s Marketplace offers merchants a wide one-stop retail gateway

    Lazada’s Marketplace offers merchants a wide one-stop retail gateway

    Lazada Marketplace in the region accounted for 80 per cent of the company’s Gross Merchandise Value (GMV) or overall sales as at the end of August 2015.

    Alessandro Piscini, CEO of Lazada Thailand, said Lazada Marketplace was the engine of the company’s growth, attracting local merchants who were reaping the rewards of partnering with Lazada.

    “We can fulfil all customer shopping needs effortlessly on their behalf, and added to our committed investments in logistics, tech development and payment solutions, no other eCommerce player can offer a similar one-stop retail gateway to Thai merchants,” said Piscini.

    As e-commerce continues to grow in Thailand, Lazada marketplace offers opportunities for both new and experienced sellers to reach new markets, benefit from Lazada’s support in advertising their goods and monitor critical data on how their store is performing. With more than 4.5 million daily visits to its sites and close to 100 per cent geographical distribution coverage, Lazada has become the clear choice for sellers throughout Southeast Asia, said Piscini.

    Since opening to local merchants, over 7,000 Thai businesses have chosen to sell their goods at Lazada Marketplace, supplementing products from established brand names such as Tesco Lotus, L’Oreal and Philips.

    Sellers are well-supported by Lazada’s end-to-end model that takes care of their needs from order to delivery, and they also benefit from having direct access to Lazada’s established customer base, infrastructure and analytics.

    The Seller Centre, for example, provides a one-stop online platform to manage inventory, pricing, promotions and orders, with a recently released Seller Centre Android app adding enhanced search, notifications of new orders and sales performance, helping marketplace sellers manage their business on-the-go.

    Small and medium business can also tap into Lazada University to equip themselves with marketing tools in order to increase their visibility online and maximise profits.

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