The Global eCommerce Newsletter 12.19.16

Happy Holidays to you. The Newsletter will resume after the New Year.
[Wal-Mart] Wal-Mart looks to boost e-commerce in Mexico with a $1.3 billion investment
Wal-Mart plans to invest $1.3 billion in logistics in the next three years in Mexico. The logistics improvement plans involve building new e-commerce distribution centers and enhancing the existing ones. Wal-Mart’s ecommerce business in Mexico increased by 20% in this Q3. Mexico’s online sales are expected to grow 107% to $6 billion by 2018, according to Forrester Research.[Lazada] Lazada’s 12.12 sale nets $40.5 million
Lazada has proven 12/12 to be the biggest online shopping event in Southeast Asia with $40.5 million in sales. 60% of the 12/12 event GMV came from mobile. This year’s 12/12 featured more than 500,000 deals from 1,000 brands and 55,000 sellers. Customers are buying both everyday products and higher-value items this year.

[Middle East] Luxury retailers in the Middle East expand to the world of e-commerce
Dubai-based conglomerate, Al Tayers Group, is launching a luxury ecommerce platform called Ounass in the Middle East. Currently, the company is Bloomingdale’s licensee and the largest luxury retailer in the region. Ounass will serve the UAE, Saudi Arabia, and Qatar. It will offer free shipping, same day delivery, cash-on-delivery, and in-home personal styling services. The move comes after business-tycoon Mohamed Alabbar formed a joint venture with Yoox Net-a-Porter earlier this month. At the same time, it is said that Amazon is in talks to buy a stake in the region’s biggest ecommerce site, Souq.com.

[Southeast Asia] Singapore Exchange gives go-ahead for Alibaba to raise stake in SingPost
Singapore’s stock exchange (SGX) has given the go-ahead to Alibaba to raise its stake in Singapore Post from 10.2 to 14.4 percent. The deal is to be completed by the end of February.

[U.S.] Amazon Made Majority Of eCommerce Growth In Q3
The U.S. Department of Commerce released data in November that showed online sales grew 15.6% in Q3 YoY, reaching a total $93.67 billion. Total retail sales reached $1.2 trillion during the same period of time. It means that ecommerce now accounts for 7.7% of the total retail sales. Internet Retailer surveyed 32 publicly traded ecommerce companies and found that Amazon alone accounted for 81.7% of the third quarter’s total online revenue of the surveyed companies. In Q3, Amazon saw a 26.7% growth while the rest 31 companies enjoyed a 13.3% growth on average.

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