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The luxury e-commerce wars heat up

Elizabeth Paton and Vanessa Friedman, The New York Times
Updated as of Nov 30 01:07 PM

Five years on and the coronavirus pandemic has revealed just how important e-commerce is to the future of luxury goods. Unlike the music industry, which has Spotify, or the hotel business, which has Booking.com, the luxury fashion industry is still without a single dominant online player.   Read more »

E-commerce seen driving PH internet economy to $28 billion by 2025: Google

ABS-CBN News
Posted at Nov 27 05:19 PM

The booming e-commerce industry is seen to propel the Philippine internet economy, projecting to grow 4 times more to $28 billion by 2025, a Google official told ANC's Market Edge on Friday.   Read more »

France says will apply 'digital tax' for 2020 despite US retaliation threat

Agence France-Presse
Posted at Nov 25 10:06 PM

France will require online technology giants to pay a new "digital tax" on their 2020 earnings, the finance ministry said Wednesday, despite Washington's warning that it could retaliate with new tariffs on French imports.   Read more »

E-commerce inaasahang lalago pa kahit luwagan ang quarantine, ayon sa DTI chief

ABS-CBN News
Posted at Nov 21 07:45 PM

Matatandaang sumipa ang demand para sa online commerce dahil sa pandemic sa kagustuhan ng mga taong limitahan ang paglabas-pasok sa mga establisimyento. Read more »

After books and streaming, Amazon launches online pharmacy

Agence France-Presse
Posted at Nov 18 06:42 AM

After books, clothes, appliances, fresh food and even streaming content, Amazon is branching into one of the last realms it has yet to conquer: prescription drugs. Read more »

Pinoys increasingly preferring digital payments, says Paypal survey

ABS-CBN News
Posted at Nov 13 06:10 PM

The pandemic has sped up the adoption of digital payments in the Philippines, according to a recent survey by online payments service provider PayPal.  Read more »

Lawmaker bats for ‘E-Commerce Bureau’ to deal with online selling fraud

ABS-CBN News
Posted at Nov 13 04:38 PM

The government needs to set up an “E-Commerce Bureau” to deal with the rising number of complaints about undelivered or fake, damaged goods sold on online shopping platforms, a lawmaker said on Friday. Read more »

Lazada says 11.11 sales broke records

ABS-CBN News
Posted at Nov 13 10:58 AM

The online shopping platform said it has yet to tally the numbers, but early estimates point to at least double the amount of sales and orders from the previous year.  Read more »

Europe charges Amazon with using dominance and data to squeeze rivals

Foo Yun Chee, Reuters
Posted at Nov 11 08:39 AM

The European Union charged Amazon with damaging retail competition, alleging on Tuesday that the US company uses its size, power and data to gain an unfair advantage over smaller merchants that sell on its online platform.   Read more »

Chef-mama: Appliances that may help you make cooking easy

ABS-CBN News
Posted at Nov 10 06:29 PM

Miss delicious food that you only get to eat when dining out? Learn how to whip up yummy home-cooked meals with the right tools and appliances.  Read more »

Evolution of Southeast Asia's online shopping festival

Lazada
Posted at Oct 29 01:04 PM

Find out how Lazada grew into the e-commerce giant it is today and how 11.11 has become synonymous with being the biggest online shopping festival. Read more »

Online florist’s sales bloom as brick and mortar shops wither in pandemic

Warren de Guzman, ABS-CBN News
Posted at Oct 26 06:41 PM

Flowerstore.ph founder and CEO Saul Molla said 2020 has been a banner year for the company as demand for flower deliveries increased substantially.  Read more »

Ant Group to launch $35 billion IPO after final nod from China regulator

Colin Qian, Julie Zhu and Meg Shen, Reuters
Posted at Oct 22 01:23 PM

China's Ant Group has won the final nod from the country's top securities watchdog for the registration of its Shanghai offering, the regulator said on Wednesday, clearing the last regulatory hurdle for its $35 billion dual-listing. Read more »

China's millennials stimulate $15 billion sex toy market

Laurie Chen, Agence France-Presse
Posted at Oct 19 09:26 AM

Demand for sex toys is increasing in China, which is already the world's biggest exporter of bedroom aids. Read more »

Alibaba to buy controlling stake in hypermarket chain Sun Art in $3.6 billion deal

Reuters
Posted at Oct 19 09:11 AM

Alibaba Group Holdings said on Monday it will invest $3.6 billion to boost its stake in hypermarket operator Sun Art Retail Group Ltd, gaining further ground in China's booming retail market. Read more »

'Online-first' habit boosts e-payments, cross-border trade: PayPal

Jessica Fenol, ABS-CBN News
Posted at Oct 17 06:00 AM

Consumers worldwide have adopted an "online-first" shopping habit out of safety and necessity, boosting e-commerce businesses, e-payment systems and cross-border trades, global financial firm PayPal said. Read more »

RCEP ministers urge India to return to Asia-Pacific free trade talks

Kyodo News
Posted at Oct 14 09:07 PM

Ministers from 15 Asia-Pacific countries negotiating a sprawling free trade agreement urged India on Wednesday to return to the talks as they are aiming to sign a deal by the end of the year, a Japanese official said.   Read more »

How online shopping behavior of Filipinos changed during pandemic

Anna Gabrielle Cerezo, ABS-CBN News
Posted at Oct 14 05:02 PM

The Malaysia-based firm iPrice Group examined the shopping behavior of Southeast Asians and discovered that it has significantly shifted since the COVID-19 outbreak. Read more »

SM Markets launches 'one-stop shop' online store

ABS-CBN News
Posted at Oct 08 04:56 PM

SM Markets said Thursday it would officially launch its online store on Oct. 9 to provide customers with more convenient way of shopping during the pandemic.  Read more »

Louis Vuitton, Volvo tapping Thai social commerce via Line chat app

Chayut Setboonsarng, Reuters
Posted at Oct 08 03:30 PM

Luxury fashion and auto brands in Thailand have turned to selling their products on Japanese chat app Line amid the coronavirus pandemic, tapping the country's growing appetite for social commerce, a top executive said on Thursday.   Read more »