E-commerce
Shopee ends Poland operations
Shopee ends Poland operations
Orders placed before 13 January 12 a.m., will still be processed.
Korea’s internet firm Naver acquires Poshmark
They plan to establish a global player in the online fashion re-commerce market.
Nearly 45% of consumers shop online for cheaper options
This was driven by uncertainties in the current economic condition.
Social commerce could add up to $42b to Southeast Asia’s e-commerce market
Social platforms will particular contribute $34b in 2022.
Malaysia outperforms business expectations in past 12 months: Shopee
More than 145,ooo stores achieved a 25% growth in sales.
Online shoppers in India to grow up to 450 million by 2027
Currently, there are 200 million to 230 million.
Around 7 in 10 SEA consumers wait for online sale seasons
The “deal-hunting” behaviour can be seen more in Singapore, Malaysia and Indonesia.
Payment cards account for nearly 35% of e-commerce sales in Saudi Arabia
Saudi Arabia’s e-commerce market grew 18%.
Around 6 in 10 AMEA consumers expect sustainability in online shopping
They are interested in sustainability as much as they are in delivery speed.
Why consumers are spending less on promotional events
The discount they get do not match their expectations.
Shopee, Lazada are top online shopping platforms in SEA
Convenience is the top reason for shopping online amongst Southeast Asian consumers.
Carousell cuts 10% of total headcount
A total of 110 roles were laid off.
Food delivery sector must modernise after delivery aggregator exits Australia: report
Delivery aggregators have been grappling with driver shortages and rising inflations.
Alibaba launches sustainable packaging campaign with Shiseido
They offered products in refillable containers as rewards.
Here’s how Ox Street makes secondhand items more attractive than new
The company has an authentication process to ensure fake items do not make it to the listing.
Alibaba Group records $3.2b net loss in September 2022 quarter
Its revenue increased by 3% YoY to around $29.1b.
Cainiao revenue up 26% YoY to $2.57b in Q2 FY23
Over 70% of its revenue was from external customers.
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This has already led to improved click and conversion rates for the group.
