Commerce.Asia, an all-in-one eCommerce and technology company, has purchased a 30 percent stake in business platform BizApp, which helps businesses and brands manage daily operations and order fulfillment, according to a report by DealstreetAsia .
The deal is reportedly around seven figures in terms of ringgit, Malaysia's monetary unit. Commerce.Asia wants to consolidate before setting its sights on expanding. The company says it has more than eight million small and medium-sized businesses throughout seven countries, and that around 61,000 are sellers who grossed 1.5 billion last year.
Many things are taking place:
Walmart Sees 37 Pct Growth In eCommerce | PYMNTS.com
After eight consecutive earnings beats, Walmart finds itself at the start of 2020 in the unusual position of missing analyst targets, as a tepid holiday season came in below expectations. Walmart is in good company, of course – joining Macy's, Kohl's and Target on the roster of retailers that were seeking solid performance during the year's most active and avid shopping season – and came up short.
Amazon , notably, reported a holiday season well ahead of its Q4 predictions. Walmart's miss is yet another sign of physical retailers' difficulties in keeping pace with the rapidly digitizing world of retail in general – and specifically with Amazon's continual expansion throughout every facet of the industry.
First-party Logistics Could Transform Ecommerce | Practical Ecommerce
In 2020, Amazon will deliver more packages in the United States than FedEx. That massive volume, however, may not be the most meaningful news for ecommerce merchants.
Instead, Amazon delivering some 3.5 billion packages this year may be part of a trend toward first-party logistics, price pressure, and fragmentation in the package delivery industry.
Amazon Logistics and its many service partners will deliver more packages in the U.S. in 2020 than FedEx.
Mobile accounts for 65% of all ecommerce traffic - so why are mobile sales still lagging?
The majority of traffic for retail websites now comes from smartphones, though there still remains a gap between mobile traffic and sales.
According to data from our 2019 Ecommerce Year in Review infographic, 63% of traffic to retailers and 53% of sales happen via mobile.
Looking at the mobile and desktop performance data, the performance of fashion retailers stands out from the other sectors.
Not to change the topic here:
Chipest: a Global Ecommerce Platform With a Local Mindset, Localizing Transactions and Services
With an initial launch in Israel and Romania, Chipest is set to expand across five new countries in the upcoming year, offering customers a localized experience to provide them with the best shopping experience. Since Chipest aggregates products from multiple retailers, users can rest assured they are getting the best deals on their purchases without having to check multiple sites.
Nadav Brandstarter, Founder & CEO at Webpick Internet Holdings added: "I am very excited to support Chipest vision to create a best-in-class eCommerce platform that brings unprecedented choice and convenience in territories and countries that are ripe for change."
4 Strategies for Accelerating Ecommerce Order Fulfillment
In 2005, Amazon debuted its Prime membership program to the world, offering free two-day shipping and an inexpensive one-day, overnight option for members. Since then, Amazon Prime has set new standards for ecommerce order fulfillment time. In fact, 63% of U.S. shoppers in a 2019 survey reported that they now expect orders to be delivered within three days.
However, keeping up with these new expectations has proved to be a challenge for many retailers, both when shipping to stores and direct to consumer (DTC). In MHI's most recent Industry Report , meeting consumer demand for speed was cited as one of the three toughest challenges in the supply chain today. Among the report's survey respondents, 54% noted it as extremely or very challenging.
BOPIS is the next wave of ecommerce. Are you ready?
Omnichannel retailers, take note: BOPIS (buy online, pickup in store) is growing more popular with shoppers, and that trend is expected to continue. BOPIS presents an opportunity to build customer loyalty and generate more online and in-store revenue when retailers do it well. The flip side, of course, is that a BOPIS experience that's fragmented or impersonal risks driving customers away—especially if nearby competitors offer a better experience.
Success in Mobile Commerce Requires a Mobile-specific Strategy | Practical Ecommerce
A distinct approach to mobile ecommerce can be the difference in success or not. In this post, I’ll share a framework for creating a short- and long-term mobile strategy. Money, time, and human capital are your most valuable resources. How you allocate each of those defines your strategy.
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Ecommerce sites typically have goals for overall revenue and growth. However, it is essential to create mobile-specific goals, too. Roughly half of ecommerce traffic now comes from mobile devices, according to Google. Thus specific metrics for mobile — i.e., conversions, bounce rates — are critical.
Happening on Twitter
Malaysian actor, Ashraf Sinclair has just passed away this morning. Our condolences go out to @AishahJennifer of th… https://t.co/fzsp3FqPaM litedotmy (from Malaysia) Tue Feb 18 00:27:01 +0000 2020
FUN FACT: Minimum wage in Jakarta is higher than in Kuala Lumpur. Yes. You read that right. https://t.co/o905liFsrY ByJasonNg (from Kuala Lumpur) Wed Feb 19 06:34:37 +0000 2020
Palestinian envoy: Al-Aqsa Mosque still awaiting millions in Malaysian donations https://t.co/K4HXFGUYv6 "We were… https://t.co/vOgLIVOat3 zurairi (from Malaysia) Tue Feb 18 13:17:02 +0000 2020
Former Australian Prime Minister Tony Abbott claims the "top levels" of the Malaysian government long suspected the… https://t.co/KDlosuwSTk AP (from Global) Wed Feb 19 08:20:34 +0000 2020
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