E-commerce
JD.com's net income surges 132.8% YoY to $3.4b in 2023
The company’s revenue reached $152.8b, up by 3.7% from 2022.
JD.com's net income surges 132.8% YoY to $3.4b in 2023
The company’s revenue reached $152.8b, up by 3.7% from 2022.
Four ways to adapt to a highly competitive 2024 retail landscape
They need to boost in-store experiences and implement customer-centric features, amongst others.
Douyin surpasses JD marketplace in health product sales
It is the second largest platform for consumer health products behind Tmall.
JD.com upgrades ‘Spring Dawn Initiative’ with AI services
It now includes a store launch AI assistant, AI-driven content creation tools, and a digital presenter live streaming service.
E-commerce company...
Use of digital wallets for e-commerce purchases to rise at 12% CAGR until 2026
China leads digital payments in APAC.
Salla, J&T Express signs with largest Saudi-based e-commerce platform
E-commerce channel Salla will enhance J&T Express’ cross-border networks and services.
Over 80% of retailers will still have online, physical stores in the next 5 years
Consumers want to physically see and touch items they would buy.
Real-time personalisation boosts online sales by 7 fold
This is compared to those who employ a blanket personalisation strategy.
JD.com expands free shipping offer
The minimum order value for free shipping is $8.2.
AliExpress extends Affiliate Programme with GCC content creators
The initiative aims to assist influencers in marketing AliExpress products.
Uber Eats' robot deliveries augment Japan's workforce
The shrinking and ageing population is one of the factors that led to a shift in food deliveries.
Flipkart launches own UPI handle for digital payments
Flipkart UPI will be available to more than 500 million customers.
SEA retail sales during Ramadan to see nearly 50% growth
Malaysia saw the highest average increase in sales with 40%, whilst Singapore gained 30% in 2023.
Philippine's 2GO holds business workshops for SMEs
The group created the 2GO Getters community to connect with small business owners.
The North Face to change to direct-sales format in Australia and New Zealand
VF Corporation will complete the transition to a direct-sales model by second half of 2024.
Omnichannels account for nearly half of $15b Australian online sales
Social media, AI, low costs and out-of-home returns push consumers towards omnichannels.
Carousell deploy AI detection and manual moderation to shut down sales of Taylor Swift concert tickets
This is because of the recent rise in ticket sale scams.
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Exploring Zebra Technologies’ Modern Store: A window into retail's future with Woolworths and Connors Group
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Discover the future of retail through innovative strategies, solutions, and technology, and gain insights from industry experts on navigating the challenges of the retail landscape.
Discover the future of retail through innovative strategies, solutions, and technology, and gain insights from industry experts on navigating the challenges of the retail landscape.
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1. Payment cards drive over 50% of Australia's e-commerce transactions 2. foodpanda launches house brand ‘bright’ 3. Half of Asian consumers prioritise inner beauty in F&B choices 4. Sephora launches DRUNK ELEPHANT in Mainland China 5. FairPrice Group offers over $4.5m in May Day discountsAwards
Jun
11