Indonesian e-commerce “struggling to generate profit”

If prices continue to rise, as they have steadily over the years in Indonesia, your gold balance will also grow. When the first private digital gold players cropped up, they had a variety of business licences. Then, in 2018, the Ministry of Trade put out a framework for the exchange of physical gold that also … Read more

The cost of delivery was competitive, but the business and compliance burden–and ever-changing environment–was recalcitrant

With this, Walmart is assuming the strongest control of its overseas technology operations in its history. As an offshore technology development centre, India is core to this strategy, “enabling leverage, powering innovation and deliver at speed,” in the words of Suresh Kumar in an email to managers on 14 February. “India is at the centre … Read more

Why Local eCommerce Marketplaces are Causing More Trouble to Sellers?

To Lazada’s credit, it has put in place measures to push sellers to comply with tax laws over the past few years. For instance, Lazada sellers whose annual gross sales exceed Php 3 million (US$60,760)—the threshold for VAT filing—must become “corporate sellers” and submit: A certificate of registration from BIR a bank account that matches … Read more

Details on the new POSA-based Product offered by Singlife

“Growing an insurance business will need continuous capital over time and our current shareholders are fully on board with that” The investment into technology, and expansion into the Philippines and another new market, though, is eating into Singlife’s profits. 2020 will be another investment year for the company, which is in its growth phase and … Read more

Singapore’s Insurance Forge is Pioneering the Hybrid Model

Singlife recorded a profit of S$5.2 million (US$3.7 million) in the year ended December 2018, but lost S$47 million (US$33.7 million) the following year. It had to reinvest its profits in order to grow across the region. In early 2020, it received a green light to operate in the Philippines, although the launch has been … Read more

Offline Exclusive Boutique Store Emulates Experience of Online Landscape to Thrive in Physical Stores

Exclusivity is a two-pronged weapon for e-commerce players. It drives traffic to the platform while holding competition off. For businesses which have been badly affected by the pandemic, it could prove crucial. In May, when India eased the nationwide lockdown it imposed due to the pandemic, allowing e-commerce players to resume operations across categories, Amazon … Read more