Tencent to Invest $1 Billion in a “New-Generation” B2C Ecommerce Platform
Tencent has big plans for its e-commerce division. Yes, a possible e-commerce subsidiary IPO could well be in the pipeline too. We learned from Businessweek that the Chinese Internet giant has...
View ArticleYihaodian Pops Its Cork, Delivers Wine to Your Doorstep
Chinese food e-tailer Yihaodian, which is majority-owned by US retailing giant Walmart (NYSE:WMT), is moving into the wine sector, reports the Jing Daily. The business-to-consumer e-commerce site is...
View ArticleTokobagus Spruces Up Its Online Store, Provides Cleaner User Interface
Tokobagus, one of the biggest e-commerce players in Indonesia, has just updated its interface with a new and cleaner style for its site. Simplicity is the key here since I think it will help boost the...
View ArticleSCOOP App Adds T-Cash by Telkomsel to Its Payment Options
SCOOP, an iOS and Android app for downloading and reading magazines, has just added T-Cash by Telkomsel to its araray of payment options. This is good news for users of its new Android app as it offers...
View ArticleMultiply Finally Receives Credit Card Payment in Indonesia
Multiply officially announced that it’s now able to receive payment using credit cards in Indonesia. The social commerce platform previously only offered payment methods like bank transfer, ATM, and...
View ArticleWhen Crowdfunding Projects Go Bad
Here’s an interesting article from Akky Akimoto over at The Japan Times [1] that outlines what happens when a tech community recently rallied around the new crowdfunding startup, Studygift, without...
View ArticleAmazon Says Kindle is ‘Coming Soon’ to Japan
Amazon (NASDAQ:AMZN) has today placed a graphic on its website this afternoon that says that its Kindle ebook reader is ‘coming soon’ to Japan. It’s good to see some official indication from Amazon...
View ArticleApple Brings iTunes Store to New Regions in Asia
Apple (NASDAQ:AAPL) has announced that its iTunes Store is now available in a number of new countries, thus bringing both local and international music to those markets. The new regions include Hong...
View ArticleFormer Alibaba GM Arrested for Corruption
Reuters is reporting that a former general manager of Alibaba’s (HKG:1688) group-buying site has been arrested by Chinese police for accepting bribes. The investigation is ongoing. The post Former...
View ArticleTiger Airways Teams Up With Alipay To Offer Value Fares
Regional budget airline Tiger Airways has announced that it will team up with Alipay in China, where users will be able to use its express payment service while making a purchase on the Tiger Airways...
View ArticleClik here to view.
Kobo E-reader Now on Sale in Japan
Last week we told you that pre-orders for Rakuten’s (JSD:4755) new Kobo e-reader had been going well in Japan, the device out-selling all other products on Rakuten’s online mall, Rakuten Ichiba. As of...
View ArticleBliBli Ends Its First Year With Style
BliBli, the Indonesian e-tailer supported by GDP Ventures and also the biggest private bank in the country, BCA, celebrates its first year anniversary today. Marking that milestone, BliBli achievements...
View ArticleTees.co.id Stores Officially Opens for Public Sellers Today
Tees, an online clothing marketplace startup by Aria Rajasa, has officially opened its doors to its members who wants to create his/her own clothing store. All you need is a design – then without any...
View ArticleFacebook and Kaskus are the Kings of Indonesian E-commerce
Online payment processor Veritrans and tech blog DailySocial have released a report on the Indonesian e-commerce scene. Interestingly, according to the research, half of online shoppers use both...
View ArticleKrazyMarket Turns to Flash Deal Model With Pinterest Look
KrazyMarket has pivoted away from being a regular e-commerce site and now offers flash deals. The website now has a more visual look and a Pinterest-like design. But KrazyMarket still focuses on...
View ArticleGroupon is Not a Tech Company, Why Was it Valued Like One?
An interesting article on Groupon that also reflects in many ways the meteoric rise and subsequent fall of many of China’s group buy outfits. The post Groupon is Not a Tech Company, Why Was it Valued...
View ArticleTokoBagus’ Mobile Traffic Drops During Lebaran
According to a Detik report, Ichwan Sitorus, the PR manager of Indonesian e-commerce site TokoBagus, said on Saturday that there was a decrease on the online store’s traffic via mobile during the...
View ArticleIndonesian E-commerce Website Multiply Features Limited Time Gadget Sale
Indonesian e-commerce site Multiply looks to strengthen its electronics department by holding another gadget sale, and this one lasts only until August 31. The sale offers four flagship products by...
View ArticleClik here to view.
JP Morgan Expected to Invest $50+ Million in Lazada
TNW is hearing that JP Morgan is about to invest “upwards of $50 million” in Lazada, the Southeast Asia-oriented e-commerce venture from Germany’s Rocket Internet. The details will be revealed,...
View ArticleReport Says Yahoo to Close Sale of Alibaba Assets Next Week
All Things D is citing the ever-popular ‘sources close to the situation’ in a report that Yahoo (NASQAQ:YHOO) will close the sale of half its assets in Alibaba Group next week, which will see them get...
View ArticleClik here to view.
360Buy Hit by Partial Boycott from One Courier Company in China
(Original, pre-meme image: nipic.com user 'lixiaofang520') The ambitions of 360Buy, China’s second-largest B2C e-commerce site, to get into the logistics business seem to have back-fired somewhat. The...
View ArticleRakuten’s CEO on the Importance of Company Culture
If you haven’t yet checked out the videos from Y Combinator’s Startup School, I encourage you to check them out. Included is a talk by Rakuten’s (JSD:4755) CEO Hiroshi Mikitani where he talks about...
View ArticleClik here to view.
China’s 360Buy Teams Up With Video Site, Puts Discount Coupons in Movies
Chinese e-commerce site 360Buy has teamed up with video-streaming service LeTV (SHE:300104) for a novel approach to video shopping. On a new mini-site on 360Buy, at shipingou.360buy.com (pictured...
View ArticleIndonesia’s Indigo Fellowship 2012 Highlights Some Great Tech Ideas
The winners of Telkom Group’s Indigo Fellowship 2012 have been awarded in four categories. The competition was created to help facilitate the growing digital creative industry in Indonesia, and channel...
View ArticleRakuten Belanja Online Reveals Newest Stats, 500% Growth in Merchants
The Jakarta Post reports that Rakuten Belanja Online (RBO, meaning “Rakuten Online Shopping”) has 400 merchants with 300,000 products offered online, representing 500 percent growth in the past 18...
View ArticleAmazon China President Departs, Heads to Marketing Company
The long-serving president of Amazon China, Wang Hanhua, has departed from his Amazon (NASDAQ:AMZN) post. Effective December 1st, Mr. Wang will be the new CEO of Allyes, a Shanghai-based internet...
View ArticleClik here to view.
Yahoo’s Jacqueline Reses Takes Seat on Alibaba Board
Yahoo’s Jacqueline Reses China’s biggest e-commerce company, Alibaba, has just announced that Yahoo’s (NASDAQ:YHOO) Jacqueline Reses has joined Alibaba Group’s board of directors. After this summer’s...
View ArticleApple Fined in China Over E-Book Copyright Claims by 8 Authors
A Beijing court yesterday handed down a fine to Apple (NASDAQ:AAPL) in compensation for unlicensed e-books appearing in its iTunes App Store. The sum of 1.03 million RMB (US$165,000) goes to eight...
View ArticleRakuten’s Play.com Shuts Down its Direct Retail Business in the UK
From the BBC, via The Next Web: Online retailer Play.com is to shut down its retail business to become a marketplace-only, from March. The Jersey-based firm blamed the move on the ending of Low Value...
View ArticleAfter making billions, Alibaba’s chief steps back [VIDEO]
With his Alibaba empire larger than ever and a personal $3.4 billion fortune, Jack Ma is retiring as CEO to become executive chairman. But the Chinese entrepreneur isn’t done yet. The post After making...
View ArticleZalora Indonesia Donates 2,500 Fashion Items to Jakarta Flood Victims
In light of the recent Jakarta floods, fashion e-commerce site Zalora Indonesia held a charity event called Zalora Fashion Fights the Flood – You Buy One, We Give One. It ran for three days until...
View ArticleLazada Indonesia Will Help Forgetful Lovebirds Pick Gifts for Valentine’s Day...
Valentine’s day is only 10 days away, and e-commerce store Lazada Indonesia is preparing to introduce an interesting “emergency gift ideas” feature soon. It will help lovebirds pick out a nice gift for...
View ArticleChina’s Top Online Travel Site to Set Up Investment Subsidiary
China’s largest online travel agency, Ctrip (NASDAQ:CTRP), has outlined plans to set up an investment subsidiary later this year. It’s part of a plan for Ctrip to be, according to CEO Fan Min,...
View ArticleClik here to view.
Multiply Starts Taking Donations for Indonesian Children with Cancer
February is the month of love, due to the Valentine’s Day, but e-commerce site Multiply Indonesia wants to focus on another day – International Childhood Cancer Day on February 15th. With a social...
View ArticleZalora Indonesia and Philippines Celebrate Anniversaries with Huge Sales
Fashion e-commerce sites Zalora Indonesia and Philippines are offering interesting sales programs today, both in relation to their first birthdays. The Indonesian site is offering a 100 percent cash...
View ArticleOne Year On: Zalora Singapore Records Over 1 Million Monthly Visitors
(Updated on March 4th: We’ve been updated that Zalora Singapore sees over a million visitors every month. While the whole Zalora branch has over 500,000 visitors every day.) Fashion e-commerce site...
View ArticleAlibaba IPO to Bypass Hong Kong and Head to NASDAQ?
According to sources close to Hong Kong’s South China Morning Post, e-commerce giant Alibaba might bypass the Hong Kong Stock Exchange and instead take its huge IPO to NASDAQ. The paper claims that...
View ArticleAfter Indonesia, Freelancer Takes Aim at Neighbor Malaysia
After planting its feet in Indonesia, global outsourcing online marketplace Freelancer plans to venture into neighbor Malaysia as early as next week with localized language on the site. We’ve been told...
View ArticleGroupon Singapore Shoppers Can Now Buy School Meals For Poor Children Across...
While we’re snapping up daily deals online, some children in the world are struggling to find even a daily meal. That’s why Groupon Singapore has partnered up with the World Food Program (WFP) to take...
View ArticleMultiply: Come and Hire Our Talent!
Ideosource founder Andi S. Boediman believes that e-commerce site Multiply’s demise could be a good thing. The sudden release onto the market of its high quality talent will definitely benefit and help...
View Article
