Commerce how to

Revenues posted by e-commerce platforms for January were up 30 percent year-on-year despite there being fewer promotions than in previous years (Illustrative photo: businessinsider.com) Hanoi - Revenues posted by e-commerce platforms for January were up 30 percent year-on-year despite there being fewer promotions than in previous years, figures from the Ministry of Industry and Trade (MoIT) and the platforms reveal. To bolster consumption during the pandemic, supermarkets and cafés have offered take-out and pushed ahead with online shopping via social networks like Facebook and Zalo and their own websites. Online customers of Co.opmart Ha Dong, for instance, were 20-25 percent higher in number compared to January last year. The Big C supermarket chain rolled out promotions for online shoppers and offered free delivery for purchases of 200,000 VND or more. Upon its launch, bookings via telephone surged 200 percent year-on-year. VinMart also introduced an online shopping … [Read more...] about E-commerce continues to thrive amid pandemic

SINGAPORE: Small and medium enterprises (SMEs), who have little or no e-commerce experience, can start selling online through support from a new Enterprise Singapore initiative. The E-Commerce Booster Package provides both cost and manpower support, Enterprise Singapore said in a news release on Thursday (Apr 2). “This aims to help retailers change their business model, and diversify their sales channels and revenue streams beyond traditional brick-and-mortar. This is especially relevant amidst the current COVID-19 situation," the agency said. “Having a robust e-commerce strategy will also enable retailers to be more competitive in the long-term.” READ: Commentary: There is more support for Singapore firms to go overseas. But some just don’t want to The package provides support to retailers for domestic and overseas markets. For the domestic market, retailers will receive assistance from four e-commerce platform providers – Amazon, Lazada Singapore, Qoo10 and Shopee. … [Read more...] about New Enterprise Singapore initiative to help SMEs break into e-commerce market

The clear signs of an e-commerce boom in Singapore failed to prevent its Internet economy - or business conducted online - from taking a hit from the Covid-19 pandemic. Online travel - Singapore's star digital performer last year - slumped by about 70 per cent this year to US$2 billion (S$2.7 billion) in gross merchandise value (GMV), stricken by lockdowns and travel restrictions. This contributed to a 24 per cent, or US$3 billion, drop in the overall Internet economy to US$9 billion in GMV this year, according to a report by Google, Temasek and consulting firm Bain & Company. The report struck a note of optimism, however, saying Singapore's Internet economy is on track to reach US$22 billion in GMV by 2025 as sectors severely disrupted by the pandemic are expected to rebound. The annual e-Conomy South-east Asia study, first published in 2016, covers Singapore, Malaysia, the Philippines, Thailand, Vietnam and Indonesia. The latest was released yesterday. It looks at … [Read more...] about E-commerce booms but S’pore’s Internet economy shrinks 24%

SHANGHAI: China's market regulator and other government departments have launched an exercise focused on e-commerce, with plans to crack down on areas such as unfair competition and the illegal trading of counterfeits or wildlife, state news agency Xinhua said on Saturday (Oct 24). The operation will run until December and will also look into areas such as livestreaming, which has in the past two years become a popular sales channel in China, Xinhua said, referring to a recently issued notice from the State Administration of Market Supervision and other departments. The exercise aims to ensure e-commerce platforms are fulfilling their responsibilities to protect the legitimate rights of consumers and operators as well as to maintain a fair and orderly market environment, it added. … [Read more...] about China says looking into unfair competition on e-commerce platforms

The merger will make the race in the e-commerce market more exciting. A source from the Department of E-Commerce and Digital Economy under the Ministry of Industry and Trade has confirmed that Tiki and Sendo had notified their intended merger to the department, VnExpress reported.. The e-commerce market has witnessed a money-burning race in Vietnam. Photo: VnExpress. Last month, DealStreetAsia reported that major shareholders including Tiki's JD.com and Sendo's SoftBank Ventures Asia had agreed on the merger. The two sides are working with the Vietnamese authorities on the merging procedures. A representative from the department told VnExpress that the merger of the two e-commerce platforms would be beneficial for both as they can take advantage of each other to develop and make the competition of e-commerce platforms in Vietnam more balanced. "After the merger, it remains to be seen what their business model will look like, but this merger will definitely … [Read more...] about Vietnam’s e-commerce platforms Tiki, Sendo apply for merger