e-commerce

ShopBack raises US$45 mil in latest funding round
SINGAPORE (Apr 10): ShopBack, the rewards and discovery platform, has secured US$45 million ($60.9 million) in its latest funding round, bringing the company’s total funding to US$83 million. This latest funding round sees new investors, including co-leads EV Growth and Rakuten Capital, as well as EDBI, a government-linked strategic investor, along with other existing investors. Following ...
Synagie eyes Vietnam e-commerce market expansion with new brand partner
SINGAPORE (Apr 4): Synagie Corporation has announced expansion plans to Vietnam’s e-commerce market by signing one of the world’s biggest luxury beauty companies as its first brand partner to use Synagie’s e-commerce enablement solutions to help them grow in the country. Through the group’s end-to-end commerce enablement and fulfilment solutions are achieved using a cloud-based Synagie ...
SingPost to divest loss-making US subsidiaries amid strategic review
SINGAPORE (April 4): Singapore Post Limited (SingPost) has announced its intentions to sell its controlling stakes in US e-commerce businesses, Jagged Peak and Trade Global, as part of its strategic review. In filing on Wednesday night, the postage and e-commerce company says it believes its strengths and strategic competitive advantages lie in the Southeast Asia and Asia Pacific region which ...
Thinking of starting an e-commerce business? Here's what you need to know
SINGAPORE (Mar 26): Despite being a population of active mobile users, more Singaporeans are still preferring to shop online using desktops rather than their smartphones, according to a new report released by Picodi. Based on the global e-commerce platform’s internal data for 2018, just one out of three (35%) online retail transactions made in Singapore was made with the use of a mobile ...
Alibaba bets on Frenchman to lead high-stakes Southeast Asia expansion
(Mar 4): In December, Alibaba Group Holding Ltd. put Pierre Poignant in charge of Lazada, the subsidiary spearheading the Chinese e-commerce giant’s high-stakes Southeast Asia expansion. The choice was out of character for several reasons. Poignant is a professional manager—a type Alibaba supremo Jack Ma has long disdained. He was part of Lazada’s founding ...
CGS-CIMB cuts SingPost target price despite 3Q earnings growth
SINGAPORE (Feb 4): CGS-CIMB Securities is maintaining its “hold” call on Singapore Post (SingPost) while lowering its target price to $1.03 from $1.12 previously, which now implies 19.7 times FY20F P/E. This comes after factoring in better cost management in FY19F; more conservative growth assumptions for FY20-21F; and an updated share base post the release of the group’s latest set of ...
EC World REIT started at 'buy' by RHB on China's booming e-commerce and logistics sectors
SINGAPORE (Jan 9): RHB Research is initiating a “buy” call on EC World REIT with a target price of 81 cents. Currently, the REIT has seven logistics assets in China catering to the thriving e-commerce, logistics and supply chain segment that are well-positioned in future growth segments. In a Tuesday report, analyst Vijay Natarajan says, “As its properties largely cater for domestic ...
More online retailers are opening physical stores
SINGAPORE (Dec 21): In the cut-throat environment of the e-commerce space, online retailers are finding it increasingly hard to differentiate themselves from their other online competitors. Some have resorted to retreating into a new old space ‒ physical retail. The trend is partly driven by consumers’ dissatisfaction. Karen Yeung, an account manager, for example, is wary of buying clothes ...
Is e-commerce really the great leveller for SMEs?
SINGAPORE (Dec 21): E-commerce has been hailed as a great leveller for small and medium-sized enterprises, giving them reach and opportunities in markets previously out of reach. In Singapore, an estimated 78% of SMEs used e-commerce and exported to other markets within Asia-Pacific, according to a study commissioned by logistics provider FedEx. Yet, industry observers note that smaller ...
Fashion forward
SINGAPORE (Nov 19): Born in the Northern Italian town of Salsomaggiore in 1950, Pietro Negra was educated in the fields of chemistry and physics before venturing into apparel making, starting with Formula 1 branded T-shirts commissioned by Ferrari. It was only in the early 1990s that he and his wife, Cristina Rubini, decided to narrow in on womenswear as a business by starting Pinko, an ...