[South Korea] 11Street Among Top Three Ecommerce Platforms in South Korea
11Street ranks in the top three ecommerce destinations in the country, with over 11.3 million unique desktop visitors in November 2016. Its Android app drove 8.7 million unique visitors and mobile site 7.4 million during the same time. Gmarket.co.kr and Auction.co.kr also landed in the top three.
Related: SK Planet, Samsung sign for online partnership
Samsung Electronics Southeast Asia and Oceania has signed a memorandum of understanding with SK Planet to promote Samsung’s brand presence and provide increased access to the Korean company’s products in Southeast Asia through online shopping sites 11street Malaysia, 11street Thailand and Elevenia in Indonesia.
[India] Japan e-tailer Rakuten puts India plans on hold
The Japanese e-tailer which earlier had plans of launching its India operations by end of 2016 has taken a very cautious view in light of the recent developments in the Indian e-commerce sector. Rakuten opened its India Development and Operations Center in Bengaluru in 2014.
Related: Amazon India gears up for ‘farm-to-fork’ agri-retail biz
Amazon India is planning big to set up its own “fully-integrated, farm-to-fork” direct online agri-product retailing. As I reported on February 13th, the company had filed for the required APMC (agricultural produce market committee) license from the government. If successful, it will become the first wholly foreign owned venture in this segment. Amazon India’s overall consumable business has grown 165% YoY in 2016.
[India] Paytm E-commerce gets $200 million from Alibaba, SAIF Partners
Alibaba will lead a $200 million investment into Paytm E-commerce. After the investment, Alibaba Singapore E-Commerce will have a shareholding of 36.31% in Paytm E-commerce. Alibaba also has a stake in Snapdeal.
[Germany] Germany’s Retail Ecommerce Is Growing
According to a February 2017 report by Bundesverband E-Commerce und Versandhandel, overall B2C ecommerce sales grew approximately 12% in 2016 to €66.9 billion ($74.00 billion). Clothing remained the best-selling product type, with €11.16 billion ($12.35 billion) in sales in 2016, an increase of 11.5% from a year earlier. Other fast growing categories include food (up 26.7%), home textiles (up 23.4%), and household items and appliances (up 23.4%). Sales growth among men surpassed spending gains from women for clothing, shoes, home décor, and hobby and leisure products.
[China] German discounter Aldi to start online sales in China
German discount supermarket chain Aldi will sell German brands with a selection of wine, snack and breakfast products via online platform Tmall Global. A “soft launch” on March 20 will be followed by a full launch event in Shanghai on April 25.
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