[China] China’s online retail sales remain robust in Q1
Online retail volume reached over 1.4 trillion yuan ($200 billion) in the first three months of 2017, up 32.1 percent year-on-year and more than double the pace of total retail sales, data from the Ministry of Commerce (MOC) showed.
[Southeast Asia] Lazada, Uber and Netflix team up ahead of Amazon’s expected entry into Southeast Asia
To counter Amazon’s planned entry of the Southeast Asia market, future rival Lazada has teamed up with a range of companies to offer an Amazon Prime-style membership package called LiveUp. For a fixed annual fee of $20, LiveUp subscribers can gain promotions and faster/free delivery from Lazada, offers from online grocery service RedMart, a free six-month subscription of Netflix, and discounts on Uber rides and UberEats meal deliveries. The service is initially available in Singapore. A 2016 report co-authored by Google estimates that e-commerce spending across the region will reach $88 billion by 2025, up from just $5.5 billion in 2015.
[India] Jeff Bezos says Amazon is the fastest growing marketplace in India, and it’s just the beginning
At the company’s first quarter earnings call, CEO Jeff Bezos said the India arm of the ecommerce giant was already the fastest growing marketplace in the country. The company said Amazon.in is also the most visited website on desktop and mobile platforms. In addition, the company’s India app is the most downloaded shopping app in the country.
[Amazon] Amazon Profits Jump on Cloud and Online Retail Sales
The world’s biggest online retailer said the company’s total net sales rose 22.6% to $35.71 billion in the quarter ended March 31. Net income rose to $724 million from $513 million for the same period last year.
Revenue from Amazon Web Services, the company’s fast-growing cloud services business, rose 42.7% to $3.66 billion. Amazon’s net sales in North America, its biggest market, jumped 23.5% to $20.99 billion in the latest quarter.
Related: Global sales boost for online giant Amazon
Online retail giant Amazon saw a 23% increase in global sales in the first quarter of 2017, the company has announced.
[US] UPS Is Hampered by E-Commerce Conundrum as U.S. Profit Drops
Revenue in UPS’s U.S. package division jumped 5 percent in the first quarter but delivery costs trimmed the unit’s operating profit by 2.4 percent. To counter rising expenses, UPS has raised U.S. prices and invested in boosting efficiency. On a per-package basis, revenue should grow faster than costs in the U.S. throughout this year, its CEO said.
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