Aibaba Group said Monday it will inject a further $2 billion into Southeast Asian online shopping giant Lazada as part of the group’s ongoing effort to accelerate the region’s e-commerce development. The latest move will deepen Lazada’s integration into the Alibaba ecosystem and brings Alibaba’s total investment in the e-commerce platform to $4 billion. In … More Alibaba Invests a Further US$2 Billion in Lazada to Accelerate Region’s E-Commerce
WeChat’s micro store business Weishang (微商) is challenging Alibaba’s Taobao for e-commerce domination in China. It seems that the service is going through the very same problems that Taobao has experienced previously. Product quality, marketing spam, and after-sales services are three top concerns for Weishang, a report from the Beijing Customer Association shows. As a … More WeChat’s micro retailers come under scrutiny in run up to World Consumer Rights Day
JD.com, the Chinese e-commerce giant that is Alibaba’s closest rival, is raising giving its logistics spin-out business a huge boost after it announced that the unit is raising $2.5 billion. JD Logistics, which became a standalone business last April, is raising the investment capital from a range of backers who include Hillhouse Capital, Sequoia China, China … More JD.com’s logistics business raises $2.5B from Hillhouse, Sequoia China and others
Spring Festival (春节 chunjie) is just 2 days away, and WeChat just announced the launch of “Spring Festival Shake (新春摇摇乐)” promotion. The forthcoming “Spring Festival Shake (新春摇摇乐)” is an attempt for Tencent to keep its first place in hongbao war, and is the upgrade version of “Weekend Shake (周末摇摇乐)” which WeChat rolled out in January. … More WeChat Pay announces “Spring Festival Shake” to win hongbao war
Walmart today announced a major expansion in terms of its global e-commerce presence: the retailer is entering a strategic partnership with Tokyo-based Rakuten, which will see the companies collaborating on the launch of a new online grocery service in Japan, and the sale of e-readers, audiobooks and e-books in the U.S., via Rakuten-owned Kobo. The … More Walmart and Rakuten partner on grocery delivery in Japan, Kobo e-books and audiobooks in U.S.
Chinese e-commerce platform JD.com will collaborate with Meili on a new fashion e-tail venture, which will reportedly be run as a WeChat mini-program. The venture is set to make its debut after Chinese New Year. Meili (美丽联合集团) is a company that formed when social e-commerce site Mogujie (蘑菇街) bought out rival Meilishuo (美丽说) in 2016. … More JD.com Partners with “China’s Pinterest” on New WeChat Sales Venture
A new report from Deloitte shows a surprising leader among China’s luxury online shopping platforms. According to “China’s Luxury Online Consumption Report”, Secoo (寺库中国), a name unfamiliar even to many Chinese e-commerce fans, has grown to 25.3 percent market. They now have a much larger slice than Net-A-Porter, Alibaba’s Mei.com or JD.com’s Farfetch. On November … More How Secoo Leaps to the Top of Luxury E-Tail in China
Online influencers are increasingly integral to luxury and beauty brands’ sales strategies in China. Most influencer marketing programs are still in their infancy—the majority have been active for less than two years, according to a report by Fashion and Beauty Monitor—but that hasn’t stopped brands spending a significant chunk of their marketing budget on partnerships … More Do Netizens-next-door Make Good Luxury Ambassadors?
Gender is complicated for the data scientists at Flipkart, India’s leading ecommerce site. It’s not enough, for example, to know that the shopper is female. What if she’s shopping for her husband today? So, apart from the label she chose while signing up for the account, there is also a behavioral gender. Behavorial gender is … More Inside Flipkart’s monster-cruncher: how it gleans insights from a petabyte of data daily
The competition between luxury brands has been intensified. Whether you are in online or offline the situation is pretty much the same. Some of global brands are pretty nicely in both channels and even know the tricks to use in WeChat. However, the question is should you use your own ecommerce site or use the … More Should luxury brands open their own ecommerce sites or use major third-party marketplaces? What you think?