Industry News

JD.com and Rakuten to collaborate on drone delivery

By rahmah | 26th February 2019

Chinese online retailer JD and Rakuten, the Japanese e-commerce firm, will collaborate on developing unmanned delivery solutions in Japan. According to a new agreement signed between JD and Rakuten, JD’s drones and autonomous delivery robots will be used in Rakuten’s unmanned delivery services, which the firm launched in 2016. The two companies will collaborate on…Read more

6 Tips and Tricks to Boost your eCommerce Business

By rahmah | 26th February 2019

We have heard it all before, eCommerce is the future of retail sales. In 2018 the worldwide online retail sales amounted to 2.84 trillion US dollars. By 2021, the market will evolve to 4.88 trillion US dollars in worldwide online retail sales. This is a growth rate of 72% in just three years! The big question now is,…Read more

Thai retail conglomerate invests $200m in ride-hailing firm

By rahmah | 25th February 2019

According to a recent report, one of the leading retail conglomerates in Thailand announced recently that it has acquired a significant non-controlling stake in a leading ride-hailing app’s Thai entity for US$200 million. As part of the strategic partnership, the retail conglomerate is investing in the ride-hailing firm’s local business and not at the holding company…Read more

Kerry Logistics expands e-commerce fulfilment through E-Services Group JV

By rahmah | 25th February 2019

Hong Kong-based Kerry Logistics is expanding its e-commerce fulfillment capabilities through a joint venture with Asian e-commerce specialist E-Services Group. Their joint venture, Kerry ESG (HK) Company Limited, will combine Kerry Logistics’ global supply chain capabilities with ESG’s technology platform, global marketplace networks, and e-commerce expertise to offer etailers cost-efficient solutions internationally. ESG, founded in…Read more

Online shopping hurting traditional retailers

By rahmah | 25th February 2019

Lazada’s plans to ramp up expansion in Southeast Asia might spell trouble for the region’s traditional retailers. With brick-and-mortar retailers reporting decreased revenues as a result of the e-commerce boom, the decline of traditional retailers might just be on the horizon. The most visited e-commerce platform in the region, Lazada is set to integrate Singaporean online grocer…Read more

Online retail in SE Asia to reach $53 billion by 2023: Forrester

By rahmah | 25th February 2019

With high smartphone penetration and growing economies, the Southeast Asian nations of Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam are attractive markets for online retailers. Research firm Forrester estimates online retail in the region will grow at a compound annual growth rate (CAGR) of 23% to reach $53 billion in 2023. Other factors that…Read more

The Retail AI Adoption Problem

By rahmah | 25th February 2019

In order to understand the coming AI adoption problem in retail, you first need a little history. A history of price optimization. Climbing the Markdown Hill In the early 2000’s a new technology hit the retail market, called price optimization. The first use-case to be adopted focused on markdown optimization, or pricing inventory near the…Read more