How Gen Z shops online using social media
Social media has come a long way since first introduced in the 1990s, from a platform that connects friends and families to a place where people can engage with their favorite brands, express their opinions and stay updated about global events. Growing up with technology integrated into their lives, Gen Z (born between 1995 and […]
Livestream is now transforming E-commerce
Live commerce is a service that combines live video streaming with the ability to interact with sellers and purchase goods immediately. Kohl’s, a department store retailer, was the pioneer business that adopts selling goods through live commerce. During New York Fashion Week in 2015, Kolh’s streamed the live view of LC Lauren Conrad Runway on […]
Southeast Asia: Fastest adopters of conversational commerce
What is conversational commerce? The term refers to the method of using chat or messaging apps to sell goods and services online. Combining the convenience of online shopping with a personal take, conversational commerce is being embraced by customers across the world, with Southeast Asians being the leaders. Southeast Asians as the fastest adopters Surpassed […]
E-commerce Insights: How Southeast Asians shop online
Southeast Asian E-commerce is prosperous as ever, thanks to a combination of increasing choices, better access to the Internet and rising affluence. A survey named “Riding the Digital Wave: Southeast Asia’s Discovery Generation”, conducted by Facebook and Bain & Company provides us with valuable insights regarding this promising sector. The study draws information from nearly […]
Boxme as the pioneer collaborator in Shark Binh’s USD 1.2 million going global investment
In the reality television show Shark Tank Vietnam, Shark Nguyen Hoa Binh has poured an investment of USD 1.2 million to Perfect – a Vietnamese home appliances company that has only been established for 4 years. As a company in the Nexttech ecosystem of Shark Hoa Binh, Boxme Global has become the pioneer in assisting […]
How Indonesia’s online retail has changed in 2019
Overview With a population of 265 million, 171 million Indonesians have access to the Internet (2018 figures). This number represents 65% of the population and an increase of 18% compared to last year, being one of the countries with the highest Internet penetration rates worldwide. Among these users, only one-fourth of them engaged in E-commerce […]
E-commerce: now the largest Internet economy sector in Southeast Asia
2019 is not over yet, but the E-commerce sector of Southeast Asia (SEA) already racked up $38.2 billion in total gross merchandise volume (GMV), officially surpassed Online Travel to become the biggest sector of the Internet Economy. So what’s the cause behind this triumph? E-commerce platforms and related services have provided them with access to […]
E-commerce planning for peak season
For the E-commerce world in Southeast Asia, peak season begins in October and the hype continues until Lunar New Year. E-commerce parties like Singles’ Day 11/11, Double 12 on 12/12, Christmas and two New Years, any retail business should be ready to meet the high demand of the region.e Planning should be underway already, but […]
Delivery continues to be a challenge for Southeast Asian E-commerce
Southeast Asia (SEA) is the fastest-growing E-commerce region with a Compound Annual Growth Rate (CAGR) of 62% in the last four years, but the logistics system has yet to keep up with this development rate. A survey conducted by Parcel Perform and iPrice Group, studied more than 80,000 E-commerce consumers and 600 carriers all across […]
Southeast Asia’s taxing and regulations on E-commerce
Taxing Southeast Asia’s E-commerce sector The invasion of technologies and the Internet completely spin the retail world in another direction. Before that, the success of a retail store relies greatly on its location and accessibility. However, as technology allows people to shop in just one click, stores are no longer bound by its venue, and […]
Forever 21 bankruptcy signals a shift in fashion consumption
The symbol of fast fashion Founded in the early 2000s by two Korean immigrants Do Won and Jin Sook Chang, the concept of fashion back then is very different compared to nowadays. Used to be something really exclusive, basic clothing was the only thing people found in shopping malls and physical stores. Forever 21 was […]
A to Z about Southeast Asia’s Internet Economy in 2019
A growing $100 billion economy With a population of 570 million, the Southeast Asia region consists of Indonesia, Malaysia, the Philippines, Thailand, Vietnam and Singapore are some of the fastest-growing markets globally. Mixing young countries with an Internet revolution results in a generation of engaged users, which is the case of Southeast Asia. In 2019, […]
Boxme Global: 4 years of developing the most well-rounded logistics solution in Southeast Asia
Boxme Global: 4 years of developing the most well-rounded logistics solution in Southeast Asia Officially going into operation since October 2015, Boxme was known as a pioneer enterprise in providing technological solutions for E-commerce logistics, especially bringing to the playground the E-commerce fulfillment model which has not been widely popular in Southeast Asia (SEA) In […]
Jack Ma – 20 years of building an E-commerce empire Alibaba
It all started with 18 founders in a small apartment in Hangzhou. 20 years later, Alibaba has become the leader of China’s E-commerce industry, valued at US$460 billion. Alibaba’s ecosystem consists of E-commerce platforms such as Alibaba, 1688, Taobao, Tmall; E-payment service Alipay, cloud computing company Alibaba Cloud, fintech company Ant Financial is one of […]
Seize the E-commerce opportunity in Thailand
A quick recap of Thailand’s E-commerce Thailand in 2018 GDP: USD 602 billion (second largest in Southeast Asia, behind Indonesia) The second-largest Business-to-Consumer (B2C) E-commerce market in Southeast Asia Internet coverage Internet penetration rate: 57.4% Internet users: 45 million Mobile subscribers: 124.8 million Facebook users: 52 million LINE users: 44 million Online transactions: 52% are […]