1. China’s online retail sales to double in three years, analysts say
China’s online retail sector will continue to grow in the next years: 42.4% of its population will shop online by 2018. Online retail GMV will grow at a compound annual growth rate of 24.6% in the next three years. China’s online retail sales have been growing at a faster pace than other developed countries’. In 2015, its online retail grew 39% year-over-year. By comparison, the U.S. online retail grew 14.6% during the same period.
2. Amazon overtakes Flipkart as most favoured retail destination: Report
According to a Forrester survey, Amazon has surpassed Flipkart as the preferred online shopping destination in India. 76% of the respondents of the Forrester’s survey shop on Amazon, while 68% of them buy from Flipkart. Amazon app has also surpassed Flipkart’s to become the most downloaded shopping app in India in the first quarter of this year. //Amazon entered the Indian market just three years ago.
3. Amazon Prime launches in India, initially without Prime Video service
Amazon introduced Amazon Prime in India for 499INR ($7.50) per year, for which customers get free one to two days shipping in over 100 cities, discounted same day delivery in top-tier cities, and member-exclusive deals. The Prime video service is not available immediately. But Amazon is investing $300 million to develop original contents in India for a launch later this year.
4. Catch of the Day has been named ‘Australia’s favorite online retailer’
Daily deal site Catch of the Day has been named “Australia’s favorite online retailer” by People’s Choice Award. The Melbourne-based ecommerce company has been operating for more than ten years. The site sells an item every 2.8 seconds and ships out more than 8,000 orders a day. Catch of the Day is also ranked as the 3rd largest retail site in Australia by the 2016 E-Commerce Leaders Playbook.
5. Sainsbury’s steps up online push in China
The UK supermarket, Sainsbury’s, will be the only international retailer highlighted during Tmall’s ‘super brand day’ promotion on 8 August. “Products to make a British breakfast and English afternoon tea have therefore proved hits and top-selling lines to date.” Orders from China now account for 25% of the overseas online purchase from the U.K.
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