E-commerce
South Korea’s Coupang to remain profitable amidst funding crunch: report
South Korea’s Coupang to remain profitable amidst funding crunch: report
The company’s net profit stood at $91m in the third quarter.
South Korea’s Coupang posts record net profit in Q3
Its net income stood at $91m.
What retailers in China could gain on Singles Day
Increased competition is, however, expected with several other retail festivals and shopping events.
Indonesia’s Bukalapak reverses loss as net profit soars over 400% in 9M
Its income stood at IDR3.61t over the said period.
Digital economy in Southeast Asia to grow 20% in 2022
The region’s GMV is expected to be at $200b.
What’s the ‘hottest’ investment country in Southeast Asia?
Its digital economy is expected to grow by 22% to $18b in 2022.
Around 200,000 more Australian consumers shopped online in H1 2022: report
Nearly 84% of consumers have used online shopping platforms in the past six months.
Australia’s e-commerce market to reach over $50b in 2022: report
The market is projected to grow by 13% during the quarter.
California-based Oakley launches flagship store on J Shop
The sports brand touts over 750 patents.
SHEIN launches resale platform
It is piloted in the US but is planned to be rolled out in other markets next year.
Love, Bonito acquires activewear brand butter
The brand will be now known as “cheak.”
France’s Lemaire launches e-commerce channel on Alibaba's platform
Its product offerings include its Fall/Winter 2022 collection.
Robotic process automation gains traction amongst retailers
Discussions amongst retailers grew 52% in 2022.
Shopee strengthens fight against counterfeit pharmaceutical products
It has partnered with the Pharmaceutical Security Institute to educate both sellers and shoppers.
Rakuten eyes carbon neutrality by 2023
It is amongst the companies that joined the RE100 initiative.
Alternative e-commerce gains traction led by business messaging
They accounted for around 25% of online spending in Thailand and the Philippines.
Online shopping to ‘completely’ change brick-and-mortar shopping by 2030: report
Flagship stores will likely serve more like ‘car showrooms.’
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This has already led to improved click and conversion rates for the group.
