Emerging markets are home to over 86 percent of the global population – totalling 6.8 billion people in 2022. This represents a large and dynamic consumer base, much of which remains untapped. …
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Philippines’ Etaily secures USD17.8M investment to fuel growth in Southeast Asia
Philippine-headquartered commerce platform enabler Etaily has secured USD17.8 million in a Series A funding round, led by SKS Capital from China and Taiwan, and co-led by Pavilion Capital from Singapo…
China continues to lead global e-commerce market with expected USD 2.2 trillion sales in 2023
The Chinese e-commerce market is set to surge to CNY 15.2 trillion (USD 2.2 trillion) in 2023, up 9.9 percent, driven by the ongoing shift of consumer preferences from offline to online shopping.…
JD.com Q2 revenues lift 7 percent, inks new Gucci partnership
China’s JD.com said net revenues for the second quarter totalled RMB 287.9 billion (USD 139.7 billion), an increase of 7.6 percent, with the tech and e-commerce giant revealing it has inked a ne…
South Korea e-commerce sales to surpass USD 160 million by 2027
South Korea e-commerce sales are forecast to register a strong compound annual growth rate of 7.7 percent over the next four years, to reach KRW 202.6 trillion (USD 160.4 billion) in 2027, as the Asia…
APAC consumer trends: Social commerce, pre-loved fashion set to shine
A new report by data and analytics company WARC examines crucial factors that will impact consumers’ brand and category purchase decisions worldwide, featuring regional highlights for APAC, Euro…
Alibaba Group announces chairman, CEO changes
Alibaba Group announced that Joseph Tsai, currently executive vice chairman, will succeed Daniel Zhang as chairman of the company, while Eddie Yongming Wu, chairman of Taobao and Tmall Group, will suc…
Four major e-commerce trends in Hong Kong for 2023: Shopline
Online shopping in Hong Kong continued its steady growth in 2022, with four trends emerging as key areas to watch for merchants moving into 2023, according to a report from Asia’s biggest smart commer…
#TikTokMadeMeBuyIt: Tapping on the rise of social commerce
Being able to purchase something off a social platform without leaving it is a burgeoning opportunity. Here, three social shoppability tactics brands can explore and employ to maximise success…
Meet four types of APAC consumers driving physical retail’s comeback
With the last of Asian markets opening up borders and lifting pandemic measures, the region is set to embrace a return to normalcy. And while economies in the US and Europe fend off a recession, analy…