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Bain report: China’s E-Commerce (Infographic)

By Jason Ding, Bruno Lannes, Weiwen Han, and Tingting Yao

chinas-e-commerce-the-new-branding-game-220x027Executive summary:

Every single day of every week, an estimated 150,000 new Chinese shoppers join the ranks of the hundreds of millions in the country who have discovered the world of e-commerce.

Online retail penetration in China reached 11% in 2014 and surpassed RMB 2.9 trillion in total value. Penetration is expected to double by 2020, according to our estimates, with the total value skyrocketing to RMB 10 trillion. But this dramatic adoption of online shopping is not the biggest news to emerge from Bain & Company’s latest research on China’s e-commerce market.

To read the full report with numbers & diagrams press here
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Analytics, China, Fintech news, Global trends

February 27, 2016

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Amazon invades India

By Vivienne Walt for Fortune magazine,

How Jeff Bezos aims to conquer the next “trillion-dollar market.” The inside story. (more…)

Fintech news, India, Mobile payments/banking, SME

February 26, 2016

1761

Japan considers making bitcoin a legal currency

By Richard Smart for Guardian,

Proposed changes would bring bitcoin, dogecoin and other cryptocurrencies under definition of currency (more…)

Blockchain, Fintech news, Government activities

February 25, 2016

1864

Deals: Amazon acquires Indian online payments company Emvantage

Reuters: Amazon.com Inc (AMZN.O) said it has acquired Indian payments processor Emvantage Payments Pvt Ltd for an undisclosed sum. (more…)

Cashless, Deals, Fintech news, India, Mobile payments/banking

February 17, 2016

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30% Of Etsy Sellers Earn Money Solely From Creative Work

FastCompany: If you’re a young, female creative type, Etsy is the place to be: In a new report released Thursday, the online marketplace divulged that 30% of its sellers rely solely on their creative endeavors, both on and off Etsy, as their primary source of income. And women make up an overwhelming majority of Etsy’s vendors – 86%, to be exact. (more…)

Influences FinTech

July 24, 2015

1669

How 20 Years of Amazon Changed Retail

WSJ: Since it opened its website in July 1995, Amazon.com Inc. has grown from a seller of books into one of the world’s biggest retailers. Its growth has been fueled by a consumer shift to online shopping and Amazon’s willingness to sacrifice profits to expand. Here’s a look at 20 years of sales for Amazon and 3 close competitors – Target Corp., Best Buy Co. and Barnes & Noble Inc. – and a look how Wall Street has valued those companies. (more…)

Influences FinTech

July 15, 2015

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Latest Trends In The Indian Startup Scene

E27.CO: incub@TE, an incubator run by Tata Elxsi (part of the US$100 billion Tata Group), was launched in 2012 to nurture and support products- and service-oriented startups. This Bangalore-based incubator has now partnered with Get2Volume and AISB Holdings to provide cross-border programmes to early-stage ventures. Unlike other incubators, incub@TE forms a rather long-term association with its incubatees. e27 spoke to Rajesh Kumar, Vice President (Strategic Initiatives) at Tata Elxsi, to know more about the incubator. Read the full article

E27.CO: The Indian e-commerce market has found a new superhero — cashback. Move over discounts, cashback is the hottest new trend in business. Cashback is the newest trend to rock the entire Indian e-commerce game. Big players, emerging players, almost everybody in the e-commerce niche is embracing cashback culture, compelled by thick audience demand, surging market competition and latest funding rounds. It remains to be seen if the new fad stays strong in the long run or fizzes out in an industry that has been enveloped with deep discounting since its inception. Read the full article

TechInAsia: Indian women online shoppers in the age bracket of 18-24 are the most active and comprise of 52 % as compared to 20 percent between the age group of 25-34, 6% above the age of 34 and 2% less than the age of 18 years.  On an average, most of the women prefer shopping online between 9 – 11 pm that too on Mondays and Fridays. Also, 80% women prefer Cash on Delivery payment option while only 20% opt for online transactions, said the survey. Read the full article

India will pass U.S. to become world’s second largest smartphone market by 2017: VentureBeat

India Now Uber’s Second Largest Market Following Expansion To 7 New Cities: TechCrunch

TechCrunch: BankBazaar, a startup that lets Indian consumers compare financial products online, has scored a $60 million Series C led by Amazon, with participation from Fidelity Growth Partners, Mousse Partners, and returning investors Sequoia Capital and Walden International. The platform aggregates information about online loans, credit cards, and fixed deposits from 23 financial institutions, which users can research and then apply for using its site or Android and iOS apps. BankBazaar says it gets four million unique visitors each month. For Amazon, its investment represents a chance to take a larger stake in the personal finance market. Read the full article

Read more on the topic: TechInAsia

India, InspirAsia

July 2, 2015

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GMO Raises $65M From Japanese Megabank To Strengthen Online Payments, Help Startups

TECH IN ASIA:  Japan’s GMO Internet is often in the news as an investor, but today the Japanese internet service and online payment provider was the one receiving funds. The firm announced a JPY 8 billion (US$65 million) investment by multinational banking giant Mitsui Sumitomo to strengthen its GMO Payment Gateway e-commerce payment solution and aid the startups that it serves.

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Deals, InspirAsia, Japan

June 10, 2015

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Banks Gear Up To Piggyback On The e-Commerce Wave

E27.CO: With e-shopping on the rise, there is a paradigm shift in the traditional payments scene, giving a huge setback to banks’ fee income (more…)

Fintech news, India, InspirAsia, Mobile payments/banking

May 26, 2015

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Alibaba Needs To “Globalize,” Says Its New CEO

TECHCRUNCH: The bulk of Alibaba’s revenue still comes from China, but the e-commerce giant will focus aggressively on growing its global business this year. Daniel Zhang, who took over as chief executive officer last week, told employees in in a recent speech that not only will Alibaba pour money into its global businesses, but also transform its company culture. (more…)

China, InspirAsia

May 13, 2015

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Banking On Southeast Asia’s E-Commerce Future

TECHCRUNCH:  China’s e-commerce, m-commerce and payments lead the world. It is the largest e-commerce market (KPMG), and is home to Alibaba, with its US$25 billion IPO, the largest in history. Alipay, China’s answer to PayPal, is the world’s largest online payment service.

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Global trends, InspirAsia, news

April 2, 2015

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Net-A-Porter Merger Could Create “World’s Biggest Luxury Fashion Store”

FAST COMPANY: Two of the world’s best-known e-commerce sites for luxury clothing and accessories—London-based online fashion retailer Net-a-Porter and Italian e-commerce clothing company Yoox Group SpA—are merging to create a new monolithic e-retailer with an expected annual revenue of more than $1.4 billion. (more…)

Influences FinTech, news

March 31, 2015

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Addressing last mile e-commerce logistics, payment issues in Indonesia

E27.CO: Echelon Indonesia to discuss measures needed to boost e-commerce in the island nation. Here’s what existing players are doing to build the ecosystem  (more…)

Fintech news, Indonesia, InspirAsia, news

March 23, 2015

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Amazon Can Now Legally Fly Its Experimental Delivery Drones During Daytime

THE NEXT WEB: A big hurdle has been overcome by Amazon today for a future where everything’s delivered by drones; the FAA has granted the company an experimental airworthiness certificate for its delivery drones.

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Influences FinTech

March 21, 2015