Weekly Roundup: Asia Pacific
This week, we see Google making a USD$550m (£415m) move in China’s e-commerce market and more Australian consumers window shopping than actually buying online.
It may have long exited the Chinese search market, but Google appears to be making its way back – this time, with an eye on e-commerce.
The U.S. internet giant said it was investing USD$550m (£415m) in Chinese e-commerce giant JD.com, as part of a partnership that would see both companies jointly develop retail offerings.
Specifically, the collaboration [...]
Weekly Focus: Alibaba Cainiao to Build HK Logistics Hub & JD.com Taps AI to 'Speed-Write' Product Info
This week, Alibaba’s logistics arm has announced plans to build a logistics hub in Hong Kong, setting aside USD$1.53bn (£1.14bn) for the new development, while JD.com has turned on an AI system to ‘speed-write’ product descriptions and shopping guides.
To be located at the Chinese territory’s international airport, the project will be spearheaded by Alibaba’s Cainiao Network and its joint venture (JV) with China National Aviation Corporation and YTO Express. Cainiao owns a 51% stake in the JV, while China [...]
This week, online consumers in Australia learn that they soon will no longer be able to shop on Amazon.com’s international sites – a result of the e-commerce giant’s move to sidestep the country’s new GST rule.
From 01 July 2018, Australians will be barred from shopping on Amazon’s U.S. and other international websites and be automatically redirected to the local platform, which offers a smaller inventory.
The move is a response to the country’s new GST rule that will see a [...]
Weekly Focus: Alibaba Makes Delivery Investment & Unveils Voice System That Lets Customers Correct Their Orders
This week, Alibaba Group is back in the news with a string of announcements, including an investment in a Chinese express delivery company and the introduction of a voice-recognition retail system that lets customers correct their orders.
The e-commerce giant said it has led a team of investors, including its logistics arm Cainiao Network, to fork out USD$1.38bn (£1.04bn) for a 10% equity stake in Shanghai-based ZTO Express. The move aimed to beef up first- and last-mile delivery services to [...]
This week, a study reveals that while Asia-Pacific is indeed an online shopping paradise, it also is a haven for fraudsters who have targeted 18% of consumers in the region.
Some 71% had made online purchases and 63% used mobile payments for convenience, according to Experian’s Digital Consumer Insights 2018, which was jointly developed with research firm IDC. The study polled consumers across 10 markets in Asia-Pacific, including Singapore, Australia, China, India, and Indonesia.
It found that in mobile-driven emerging markets, respondents [...]
This week, two of Singapore’s online marketplaces, Carousell and Carro, have secured funds totalling USD$145m (£106.82m), while Alibaba says it has acquired South Asian e-commerce platform, Daraz.
Classifieds site Carousell snagged USD$85m (£62.62m) in its Series C funding, which also saw the addition of DBS Bank as a new investor and retail partner. Co-led by Rakuten Ventures and EDBI, the latest round was once again joined by existing investors 500 Startups, Golden Gate Ventures, and Sequoia India.
The new funds will be [...]
This week, China’s two largest online retail operators have posted higher quarterly revenues and attributed the growth to efforts in driving their respective offline-online commerce strategy.
Alibaba said its revenue climbed 61% in the quarter ended 31 March, 2018, hitting ¥61.9bn (£7.18bn), while profits clocked ¥16.8bn (£1.95bn). Its core commerce business grew 62% from the previous year to generate ¥51.3bn (£5.95bn) in revenue.
The Chinese e-commerce giant reported a further increase of 37 million in its mobile monthly active users to [...]
This week, the spotlight is on Alibaba Group’s plans to use blockchain to better monitor and manage supply chains, kicking off a pilot in Australia and New Zealand through its Food Trust Framework.
The Chinese e-commerce giant said it was working with Blackmores and Fonterra to trial blockchain technology to improve traceability and transparency in shipments heading from the two countries to China.
This initiative would be the first from its Food Trust Framework initiative, which its Tmall Global subsidiary launched last [...]
This week, the spotlight is back on Alibaba Group and its touted use of online customer data to help brands come up with new products that cater to current consumer desires and needs.
The Chinese e-commerce operator, together with global confection maker Mars, created a new flavour for the latter’s Snickers bar that tapped the popularity of mala amongst consumers in China. Mala, typically used in the form of a sauce, is spicy and numbs the lips and tongue when eaten.
This week, the spotlight is on marketers and the need for them to work within Southeast Asia’s expanding digital ecosystem, the growth of which is fuelled by Chinese investors and increasing use of e-commerce platforms and mobile payments.
China’s tech giants in the past couple of years have been pumping big dollars into Southeast Asia. Specifically, Alibaba and its subsidiary Ant Financial, as well as Tencent, Didi, and JD.com last year invested more than USD$6bn (£4.33bn) in the region on mergers [...]