Category: e-commerce

Facebook and PayPal sow into Gojek

Photo by Afif Kusuma on Unsplash

Facebook and PayPal have pumped undisclosed sums into Indonesia ride-hailing firm Gojek.

China: Quick adopter, widespread use of technology

By Edward Lim

In the early 2000s, I visited Beijing for the first time and was amazed to see a taxi using a global positioning system (GPS) to get me to my destination. To put things in perspective, this was before the arrival of smartphones and GPS wasn’t even used in Singapore.

Online marketplace Honestbee launches brick-and-mortar Habitat

It’s interesting how trends keep evolving. In the past decade or two, many supermarkets have opened up online stores to cater to changing consumer demands. On the other side, new companies set up online stores to challenge these traditional players. Yesterday, one of these, Honestbee, took the reverse route by setting up Habitat, its first brick-and-mortar outlet in Pasir Panjang, Singapore.

Singapore launches unified payment QR code

The number of QR codes for payment is akin to the number of credit card offerings in the market — it keeps growing, making it more of a hassle than convenience for merchants and consumers. The Monetary Authority of Singapore (MAS) has stepped in to solve this problem with the launch of the Singapore Quick Response (SGQR) Code.

Tantalising line-up of speakers at NVIDIA AI Conference

More than 1,000 participants attending the NVIDIA AI Conference in Singapore next week are in for a treat as the organisers are bringing in a tantalising line-up of speakers.

The two keynote speakers are Dr David B Kirk, NVIDIA Fellow and inventor of more than 60 patents and patent applications relating to graphics design; and Dr Wanli Min, AI scientist of Alibaba Cloud, who will touch on A Revolutionary Road to Data Intelligence.

Besides these two, there are special guest-of-honour Chng Kai Fong, Managing Director of Singapore’s Economic Development Board, and a panel discussion on AI for the Future of Singapore Economy.

E-commerce to account for a quarter of retail sales by 2025

Greater internet and mobile device accessibility are driving e-commerce growth in Southeast Asia.

According to ABI Research, Smart Retail has gone through revolutionary changes in the past 10 years and will exponentially continue to do so going forward.  Brick and mortar stores are no longer the only option for consumers across the globe to make their everyday purchases, due to significant advancements in technology, both in-store and online.

Key players include Senion, who implements some of the world’s largest Indoor Positioning System (IPS) solutions to enhance in-store experiences, and AisleLabs who provides shopper traffic behavior analytics to help retailers optimise store layouts.  Leading POS software vendors, Shopkeep and Square are allowing retailers to sell across multi-channels from a single platform. These and other key vendors are paving paths to making the offline and online worlds seamless experiences.

GSMA launches e-commerce platform for telecoms industry

GSMAGSMA has launched GSMA Marketplace, an e-commerce platform dedicated to the mobile industry.

GSMA Marketplace leverages the associations’s reputation as a trusted intermediary in the telecoms industry to bring together buyers and sellers to do business more easily with each other.

“Whether you are a buyer looking for greater innovation or better prices in your procurement of products or services, or a seller seeking to win new business and enter new markets, GSMA Marketplace will let you browse, contact and connect with companies who can help you achieve your objectives,” said John Hoffman, CEO of GSMA.

Alibaba sets US$8b target for November 11 sales

Alibaba 1111November 11 is Singles’ Day in China and the singular thing retailers are aiming for today is record sales. China e-commerce giant Alibaba has set US$8.18 billion (RMB50 billion) as its 2014 target of single-day transaction value for the November 11 online shopping festival, according to IDC.

The research firm believes Alibaba is very likely to achieve five percent more. “11.11” is not only a festival for Alibaba, online shoppers, and online retailers; it also changes consumers’ buying behaviour and impacts the evolution of the China e-commerce ecosystem.

“11.11” has become a special day for many Chinese consumers ever since Alibaba created this single-day online shopping festival in 2009. The total transaction value during last year’s “11.11” reached US$5.73 billion (RMB35 billion), which shocked Alibaba’s e-commerce competitors all around the world as well as the entire retail industry.

Red Bull builds global B2B portal with hybris

Red BullRed Bull has implemented a new global B2B order management portal based on the hybris B2B Commerce solution. Known as the SOET 2.0 Solution, the portal provides a highly flexible solution for quick and easy order entry for global retailers and distributors placing orders with the beverage brand across multiple channels.

Launched in March, the global roll-out was completed in June  and 79 countries are now using Red Bull’s order management portal utilizing hybris’ B2B Commerce solution.

Founded by Dietrich Mateschitz in the mid-1980s and inspired by functional drinks from the Far East, Red Bull is currently available in more than 165 countries.

hybris announces B2C Commerce Accelerator for China

hybris SAPhybris has announced the coming availability of hybris B2C Commerce Accelerator for China. As businesses move from a single channel, such as print catalogues, to multiple channels — including online, mobile, print and call centers, complexity increases.

Founded on hybris Commerce Accelerator, hybris B2C Commerce Accelerator for China has been specially configured and equipped with functionalities specifically to address Chinese e-commerce needs.

Adapted expressly for the Chinese market, it comes with pre-configured page templates that are designed to suit the highly characteristic ‘click’ culture and specific shopping atmosphere enjoyed by Chinese consumers, providing big product images, larger merchandising bars and a very visual user experience.