ecommerce - Asia Tech Wire

ecommerce

2021.12.17

10:38

Lazada archives 130 mln annual active consumers, aims for $100 billion GMV

Asian Tech Press (Dec 17) -- According to the latest data from Lazada, Alibaba's flagship e-commerce platform in Southeast Asia, the annual active consumers of Lazada have grown by 80% to 130 million in the past 18 months. Monthly active users have also increased by more than 70% to 159 million in the past 18 months.

2021.12.10

04:55

TikTok launches "On Trend" to officially enter the e-commerce field

2021.09.13

10:17

S. Korea's online shopping market doubles in size in four years

Asian Tech Press (SEP 13) -- South Korea's online shopping business has been growing rapidly in recent years.

2021.09.07

06:27

Shopee to enter the European market with Poland launch

Image Source: Rueters

2021.08.26

10:19

Amazon, 11Street to launch overseas direct purchase service in S. Korea

South Korea's e-commerce platform 11Street, a subsidiary of SK Telecom Co., has reportedly partnered with Amazon to launch overseas direct shopping services.

2021.08.16

06:18

Alibaba's logistics arm launches 7 weekly China-Singapore direct flights

Southeast Asia has become an emerging e-commerce hotspot, with the total e-commerce volume in the region expected to grow by 14.3% this year, according to Emarketer. Considering that e-commerce transactions account for only 4.6% of overall retail sales this year and the continued impact of the epidemic, the region's e-commerce potential is enormous.

2021.08.06

05:01

Amazon, Flipkart, BigBasket vigorously promote electric delivery vans in India

The Indian government wants to boost the popularity of electric vehicles (EVs) to bring down the number of fuel vehicles on roads, and delivery fleets of e-commerce companies can play an essential role in this process. E-commerce companies such as BigBasket, Amazon, and Flipkart are working hard to find electric vans so that they can achieve their respective goals of electrifying their delivery fleets.

2021.08.03

09:57

Alibaba-backed Turkish e-commerce firm Trendyol plans to raise $1.5 billion

Trendyol is reportedly in talks to raise about $1.5 billion from investors, including General Atlantic and SoftBank Group Corp., and could close the deal as soon as next week, according to people familiar with the matter.

2021.07.23

10:11

Indian eyewear startup Lenskart plans to go public in the next three years

According to Techcrunch, Indian omnichannel eyewear retailer Lenskart has secured $220 million in funding. The round was led by Falcon Edge Capital, with Bay Capital and Chiratae participating in a follow-on round. Based on the funding round, the company's valuation rises to approximately $2.5 billion.

2021.07.20

06:54

YouTube acquires Indian e-commerce platform simsim

Asian Tech Press -- YouTube has signed a definitive agreement to acquire simsim, an Indian video-based e-commerce platform, Google India announced Tuesday in a blogpost.

2021.07.12

08:54

Walmart's Flipkart closes funding at $37.6 billion valuation

Walmart's Indian e-commerce company Flipkart has raised $3.6 billion in a new round of funding, closing its latest round at a valuation of about $37.6 billion.

2021.06.28

06:28

Indian commerce minister criticizes U.S. e-commerce giants for arrogance and flouting local laws

2021.06.24

08:17

SHEIN Becomes Top 1 Global Mobile Fast Fashion Brand

Chinese e-commerce SHEIN downloaded about 75 million times in the first half of the year, becoming the world's top 1 mobile fast fashion brand.

2021.06.23

14:00

SHEIN daily sales exceed $70 million, aims to surpass ZARA in sales in 2 years

In June 2021, Chinese fast fashion brand SHEIN's daily parcel volume stabilized at over 1 million units with an average unit price of US$70.

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