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Singles Day 11.11 is just nine days away. Alibaba’s warehouses and e-fulfillment centres all over China have been stocking up huge inventories for the biggest 24-hour sales event in the world.
Pinduoduo has become one of China's biggest retail disruptors, breaking the dominance of Alibaba and JD.com.
Chinese shoppers say they would shun American brands during the world’s busiest 24 hours of online shopping
Up to 78% of Chinese say they would avoid buying American brands, opting instead for Chinese products, with more than half of them citing ‘patriotism’ as the main reason, according to AlixPartners’ survey. The survey of 2,000 adult Chinese consumers was conducted between Oct 2 and 7.
Rural China added 3 million more Internet users in the first half, taking the total number to 225 million, or 26.3% of the country’s total Internet population. Online sales in rural areas surged 21% to US$109.6bil last year, outpacing the national growth rate.
The company is hoping to attract an additional 100 million consumers based on its analysis of data and consumer behaviour, but declines to provide targeted sales value. More than 200,000 brands will be taking part in the shopping extravaganza and over 1 million new products will be on sale.
Singapore-based ride-hailing firm Grab is set to invest "several hundred million dollars" in Vietnam where the company sees its next major growth market, just weeks after it unveiled a US$2bil plan in Indonesia.
Nothing signals a celebration like vivid colours. The Parkson campaign for Raya this year offers a look at bright and beautiful festive wear that will surely put a smile on faces.
PETALING JAYA: South-East Asia’s Internet economy hits an inflection point in 2018 by garnering US$72bil (RM300.6bil) in gross merchandise value (GMV). E-commerce has been the fastest growing sector – reaching US$23bil in 2018 and expected to exceed US$100bil in GMV by 2025.
SINGAPORE: Sea Ltd., operator of Southeast Asia’s biggest gaming platform, reported a wider third-quarter loss on rising investments at e-commerce unit Shopee.
SINGAPORE: Southeast Asia's internet economy is expected to exceed $240 billion by 2025, a joint study by Google and Temasek Holdings showed, a fifth more than previously estimated, as more consumers use their smartphones to go online