E-commerce
Flipkart invests $54m in Myntra to fuel India's fashion e-commerce boom
Fashion spending in India is projected to increase by 13.4% YoY in 2024.
E-commerce growth challenges APAC retail
Traditional retail adapts amidst e-commerce expansion in APAC, Zalora innovates to compete.
Boomers seen as untapped, accessible market in e-commerce
Boomers' online spending power underutilised in ads.
Sephora to exit South Korean market in May
It will gradually end its online, mobile app, and offline operations.
Mobile and digital wallets surpass traditional payments in India's e-commerce
Cash transactions only comprise 6.2% of online purchases.
Around 7 in 10 Gen Zs in Southeast Asia prefer e-commerce
56% of social commerce platform visitors shifted to e-commerce to complete their purchases.
Alibaba Group to invest $1.1b in South Korea for business expansion
It intends to invest $200m for the logistics hub and $100m to support South Korean SMEs.
APAC’s social commerce industry to grow by 12.3% in 2024
APAC consumers prefer online vs in-store shopping.
Australian retail spending growth slows down to 2% YoY in 2023
Whilst traditional retail spending growth slowed, online retail increased in 2023.
Around 4 in 5 Australian households embrace online shopping in 2023
About 9.5 million households made online purchases in 2023.
Established brands in APAC remain resilient amidst emerging competition: report
Incumbent brands remained steady at 28% and won in 27% of the categories against insurgent brands.
JD.com's net income surges 132.8% YoY to $3.4b in 2023
The company’s revenue reached $152.8b, up by 3.7% from 2022.
Four ways to adapt to a highly competitive 2024 retail landscape
They need to boost in-store experiences and implement customer-centric features, amongst others.
Douyin surpasses JD marketplace in health product sales
It is the second largest platform for consumer health products behind Tmall.
JD.com upgrades ‘Spring Dawn Initiative’ with AI services
It now includes a store launch AI assistant, AI-driven content creation tools, and a digital presenter live streaming service.
E-commerce company JD...
Use of digital wallets for e-commerce purchases to rise at 12% CAGR until 2026
China leads digital payments in APAC.
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