The Global eCommerce Newsletter 03.20.17 (No. 47)

[Hong Kong] DHL eCommerce launches Hong Kong fulfilment centre
DHL eCommerce, a division of DHL, has launched a new Fulfillment Center in Hong Kong, adding to its global fulfillment network in U.S, Mexico, India, Europe and Australia. Catering to the growing demand for cross-border products in Asia Pacific particularly from the Greater China region. “Cross-border e-commerce is expected to grow to $1trn by 2020, and with approximately 40% of China’s online consumers buying foreign goods.”

[U.K.] UK Online Shopping and E-Commerce Statistics for 2017
According to data from the Office for National Statistics, online sales increased by 21.3% during 2016 and should reach 30% by 2017’s second half. Approximately 87% of U.K. consumers have bought at least one product online in the last 12 months. Top categories include electronics, digital media, and fashion.

[U.S.] Walmart is acquiring ModCloth, the online women’s fashion retailer
Walmart is buying a women’s clothing company, ModCloth, on behalf of Jet.com. ModCloth, a 15-year-old online retailer, is best known for its vintage-inspired clothing.

Related: Walmart ramps up e-commerce with two new initiatives
This week, Walmart announced two new initiatives: 1). Acquire ModCloth; 2). Invest 17 billion pesos ($863 million) in Walmart de Mexico in 2017, a 19% increase in investment. The second announcement comes a little more than a week after Amazon announced bringing its Prime subscription service to Mexico. Walmart and Amazon each have a 5.5% share of the e-commerce market in the country.

[China] Tmall Global unveils Denmark Pavilion on ecommerce website
Alibaba owned Tmall Global has unveiled a Denmark Pavilion on its ecommerce website, which will feature about 20 Danish brands from the fashion, lifestyle and home categories. Most of these brands are already selling on Tmall Global and Tmall.com, Alibaba’s domestic B2C shopping site, through their own flagship stores. The Denmark Pavilion gives these brands a dedicated channel.

[Middle East] E-commerce transactions in Saudi Arabia touch $600m mark
The volume of e-commerce transactions in the Saudi market amounted to around SR2.25 billion ($600 million) in 2016, according to Abdulrahman Al-Qahtani, secretary-general of the Consumer Protection Society.

 

           If you really like the newsletter, feel free to forward it to a friend. Thank you.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s