Staff Reporter

Only 26% are confident on the revenue on dine-in operations in the CNY.

The trend is expanding in China, Hong Kong, and South Korea amongst others.

And Uniqlo raised prices for some products due to high production costs.

Changsha Qianbaizhi Food Trading was amongst the first to access e-CNY.

The high inflation in the country has led to a boost in sales in cheaper private brands.

The used goods market has seen rapid growth in the past decade.

The company is targeting to open more than 500 stores in Malaysia in five years.

E-commerce quickly gained market share in recent years.

It rose to 24% from 20% during the high alert period in Southeast Asia.

In Singapore, over 40% of Shopline merchants adopted social commerce.

Recovery of consumer spending relies on the vaccination against COVID-19.

The joint venture aims to expand SMEs’ credit access. 

Surprisingly, retailers will need to cater more to the 62.1% of Hong Kongers who prefer to shop in-store.

Alibaba said these technology trends will rise in the next two to five years.

This will launch an extensive product range and offer free scheduled delivery.

As we kick off 2022, e-commerce continues to gain momentum with retailers refining their strategies and upgrading their capabilities to address the ever-evolving landscape. Chinese New Year is right around the corner and other shopping events will instigate fierce rivalry as online and in-store retailers compete to out-perform one another by providing consumers better discounts, more personalised deals, and various payment methods and fulfilment options.