E-commerce
Half of global shoppers willing to pay return fees for international purchases
Half of global shoppers willing to pay return fees for international purchases
Gen Z demonstrated a 1.7 times higher likelihood of accepting fees compared to baby boomers.
Coupang to invest $2.23b to expand ‘rocket delivery’ in South Korea
It will set up more than eight fulfilment centres to serve as logistical hubs for swift delivery.
Around 9 in 10 APAC retail CIOs plan to invest in GenAI
Challenges in GenAI adoption include cybersecurity and privacy.
JD Super and Quinta do Noval partner to bring premium Portuguese wines to China
It will expand the selection of Portuguese wines on JD Super’s platform.
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.
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Awards
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18
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He stressed that companies can stay ahead by driving personalisation, seamless experiences, and embedding sustainability at the core of their operations.
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Winning at the shelf: Innovative packaging strategies