Noteworthy Industry News Shaping the Future of Commerce.
Evidence Suggests eCommerce Uptick Will Be Permanent: L’Oréal
June 9th 2020 | Matthew Miller
eCommerce sales are not fading even in markets that have passed through the worst of the COVID-19 pandemic, according to L’Oréal‘s chief digital officer.
L’Oréal’s stats suggest that shopping through eCommerce channels is not returning to pre-pandemic levels even in markets that are relaxing distancing restrictions and allowing physical shops to reopen. “Those habits stayed,” Lubomira Rochet, chief digital officer at L’Oréal, said in a pre-recorded conversation with Stephan Loerke, chief executive of the World Federation of Advertisers, which aired this morning during Advertising Week JAPAC.
Why You Should Bet On the Future of eCommerce
May 22nd 2020 | Lucas DiPietrantonio
In a world of economic uncertainty, the long-term outlook for buying and selling online is bright.
Social-distancing measures and business closures have significantly disrupted consumer spending habits. While this has created a period of uncertainty for many, eCommerce has instead been trending in a positive direction.
The buying habits that have been changing are unlikely to suddenly shift back to what they once were, even after things “get back to normal.” Because of this, now is the time to bet on eCommerce. Its future influence will be far greater than it has ever been.
How Shopee Plans to Make the Pandemic Windfall a Permanent Gain
May 26th 2020 | Rahul Sachitanand
While it benefits from an influx of shoppers and brands, the eCommerce platform works to meet rapidly shifting consumer needs and looks to use personalisation to make sure its customers and buyers stick around after the pandemic.
Ninja Van’s Big-Ticket Funding Signals Startup Deal Resilience
Singapore’s Ninja Van has raised $279 million from backers including France’s GeoPost SA and ride-hailing giant Grab Holdings Inc., scoring one of Southeast Asia’s largest startup investments since Covid-19 was declared a pandemic.
Facebook co-founder Eduardo Saverin’s B Capital Group and Monk’s Hill Ventures were among those that took part in the parcel delivery firm’s Series D round, completed after the outbreak drove a surge in online shopping among people sheltering at home. The Southeast Asian startup joins a select club of firms that have raised significant money this year, including Indonesian online marketplace GudangAda with a $25.4 million deal.
COVID-19 Helps Create New Normal in Online Shopping: Survey
Eisya A. Eloksari
The Jakarta Post
The COVID-19 outbreak, which has disrupted almost all business sectors in the country, has had a positive impact on the eCommerce sector as the virus has created a new normal in online shopping habits, a survey indicates…
Online Shopping Trend Set To Stay After Curbs Ease, Say Analysts
Sue-Ann Tan
The Straits Times
Groceries and food, together with indoor exercise equipment and gaming tools, have emerged as the most popular categories for online shopping, as people adapted to the strict social distancing measures…
Is "Facebook Shops" a Threat for eCommerce Marketplaces?
Grace Ong
Marketing Interactive
Facebook made further progress into the online shopping space last week with the launch of a new function known as “Facebook Shops”. It aimed to empower small business owners and global brands to create a single online…
eCommerce Set to Build on Success of Recent Gains
Coronavirus pandemic fuels Asia e-commerce boom
DYLAN LOH
Nikkei Asian Review
eCommerce retailers across Asia have seen explosive sales growth during the pandemic crisis as consumers under lockdown splurge online. With brick-and-mortar retail outlets virtually shut out of the market, government enforced…
Live Streaming Helps Lazada Sellers Boost Sales During Lockdowns
Michael Arnold
Inside Retail
Southeast Asian eCommerce platform Lazada says total gross merchandise volume (GMV) generated through its LazLive livestreaming service increased by 45 per cent month-on-month during April. The service welcomed more than…
