E-Commerce

[winston]

Four key incentives for fragmented e-commerce buyers in SEA

1. Return/Refund Policy
2. BNPL inclusion
3. Instant Pay
4. Digital investment

Source: SBR

https://sbr.com.sg/exclusive/four-key-i ... ers-in-sea

[behappyalways]

How Temu Makes Money From $10 Smartwatches From China
https://m.youtube.com/watch?v=quGoGgbP-aE

[winston]

by behappyalways:-

Mainland e-commerce double 11 event is early and sales will start before November

大陸電商雙11活動比早 未到11月就開賣｜方念華｜FOCUS全球新聞 20231025@tvbsfocus

https://m.youtube.com/watch?v=ypDzYC-zJ6Y

[winston]

Sea, Grab face slowest Southeast Asia internet growth since 2017

By Olivia Poh

Slashed near-term e-commerce spending estimates for the region by 13%.

Total online spending will rise about 11% this year to US$218 billion (RM1 trillion) in the region, research from Google, Temasek Holdings Pte and Bain & Co showed, slowing from 20% a year earlier and reaching its lowest rate since at least 2017.

Consumers in the region of more than 650 million people are curbing spending to cope with elevated inflation and interest rates. Meanwhile, competition is intensifying.

The region’s entire internet economy is now on track to reach US$295 billion by 2025, according to the report, down from a previous forecast of US$330 billion.

Source: Bloomberg

https://theedgemalaysia.com/node/688426

[behappyalways]

JD.com sells ovens at "low prices across the entire network" and criticizes Li Jiaqi for monopolizing prices

京東「全網低價」賣烤箱 批李佳琦壟斷價格｜方念華｜FOCUS全球新聞 20231109@tvbsfocus

https://m.youtube.com/watch?v=wq5gFcKRiXE

[winston]

China's Singles Day sales festival wraps up with e-commerce giants reporting sales growth

By Casey Hall

Alibaba Group reported that its Chinese e-commerce platforms Tmall and Taobao recorded "positive" year-on-year growth over this year's Singles Day sales period, which wrapped up at midnight on Saturday (Nov 11).

Meanwhile, competitor JD.com said its festival GMV (gross merchandising volume) hit a "record high" over the sales period.

Steep discounts of 40%-50% were much more common than in previous years.

77% of the 3,000 consumers Bain surveyed had planned to spend less or the same on Singles Day, compared with last year.

Spending on necessities such as tissues, handwash, instant noodles and pet food, while at the same time, trading down and buying less in discretionary or big-ticket categories such as home appliances and furniture.

Last year, the value of goods sold during the shopping bonanza totalled 1.15 trillion yuan (US$157.97 billion).

Source: Reuters

https://theedgemalaysia.com/node/689773

[behappyalways]

大陸電商雙11成交總額蓋牌 銷售不如以往｜方念華｜FOCUS全球新聞 20231113@tvbsfocus
https://m.youtube.com/watch?v=aqGE3nNFBrA

[behappyalways]

Streaming Accounts For Nearly 40% Of US TV Consumption
https://www.zerohedge.com/technology/st ... onsumption

[behappyalways]

Mainland Express Logistics Volume Hits New High, Breaking 120 Billion Pieces

大陸快遞物流量創新高 突破1200億件關卡｜方念華｜FOCUS全球新聞 20231206 @tvbsfocus

https://m.youtube.com/watch?v=dd0OzUiy91Y

[behappyalways]

Affordable and hot-selling!
Chinese cross-border e-commerce "Temu" and "Shein" seize the US, Japan and South Korea markets

平價熱銷!陸跨境電商「Temu」.「Shein」搶占美日韓市場｜方念華｜FOCUS全球新聞 20231219 @tvbsfocus

https://m.youtube.com/watch?v=6h6cY-EjlYE