eCommerce
Singles’ Day, the evolution of e-commerce, and the trends involved
The #SinglesDay sale is the world’s biggest sales event and a global phenomenon. Set to take place again on 11 November 2023, many #ecommerce businesses are already preparing their inventories, but what may be useful is to capitalize on emerging e-commerce trends for an added boost to their revenue streams.
Southeast Asia leads in digital economy growth at 15.8 percent for the next five years: report
Southeast Asia (SEA) is racing ahead among the region in digital economy, according to the latest report conducted by market intelligence firm IDC and commissioned by global payments platform 2C2P and Ant Group. According to the report, SEA leads in digital economy growth at 15.8 percent for the next five years, outpacing the United States (9.4 percent) and…
Gobi Partners invests in Malaysian reseller digital ecosystem Ejen2u
Asia-focused venture capital firm Gobi Partners has become the lead investor in Malaysian reseller digital ecosystem Ejen2u's Pre-Series A funding round, alongside Artem Ventures. This investment was made possible through the Khazanah Nasional Bhd (Khazanah)-backed Gobi Dana Impak Ventures (GDIV) fund.
Katadata: 67 percent of Indonesia’s population not active e-commerce users
Katadata Insight Center and Evermos report has found that Offline channels are crucial for business success for local Indonesian brands, and 67 percent of Indonesia's population is not active e-commerce users.
Indonesia bans e-commerce transactions on social media platforms such as TikTok – report
The government said the move, which takes effect immediately, is aimed at protecting offline merchants and marketplaces, adding that predatory pricing on social media platforms is threatening small and medium-sized enterprises.
Indonesia may issue regulation on social media e-commerce – report
"What the people are expecting is that the advancement of technology can create new economic potential, not kill existing economies," Jokowi said.
Optimizing online checkout: Bridging the gap between gaining customers and losing them
While your #checkout process is not the sole factor for customer conversion, it is often an underestimated aspect of sales success. Checkout optimization is certainly not a one-time-only exercise, it requires frequent refinement and testing. But with a myriad of tools available to merchants, building a frictionless checkout experience has become so much…
The game changer for online retail in Asia: Digital shelf AI-driven analytics and beyond
A digital shelf analytics platform is crucial. In the context of #ecommerce, a digital shelf is the online version of product shelves at a brick-and-mortar store. It is a collection of digital experiences through which consumers discover, learn about, compare, and ultimately make purchases of products. Digital Shelf platforms provide #AI-powered insights…
Singapore-headquartered SHEIN allocates additional $85M for global community empowerment
SHEIN, a global, integrated, fashion and lifestyle marketplace , announced Thursday that it is allocating an additional $85 million over five years towards initiatives that support the "Equitable Empowerment" pillar of its evoluSHEIN roadmap. This is in addition to $70 million already committed in April.
Singapore’s sneaker marketplace Novelship bags $9.5M in Series B funding round led by East Ventures
The new funds will accelerate the company’s move to amplify its brand presence across Southeast Asia. This includes enhancing its logistics capabilities, refining authentication processes, expanding its slew of in-house collections, and optimising its environmentally-conscious delivery process.
