After more than six years of negotiations, the Regional Comprehensive Economic Partnership (RCEP) was signed between the ten members of ASEAN and China, Japan, South Korea, Australia, and New Zealand. This partnership forms the world’s largest trade agreement. The RCEP acts to unite and reinforce several existing Asia-Pacific trade deals and close gaps where none …
2020 has been a wild ride for eCommerce, and Southeast Asia is no exception. CoViD has affected every part of daily life, and many industries continue to suffer. eCommerce has had highs and lows. The closure of many brick & mortar stores drove large numbers of people to online alternatives. But in some places, CoViD …
In this era when so much of our buying and selling is done online, B2B digital transformation has become an attractive option for many enterprises. With the impact of CoViD-19 this past year, the importance of the Internet to business has never been more clear. But how does an offline B2B enterprise go online? What …
eCommerce live-streaming is an increasingly exciting sales channel. We touched on that topic in our recent blog about cosmetics live-streaming. But this channel is becoming important to more than just the cosmetics market. Other product categories like fashion and health supplements are finding success with live-streaming also. But not all platforms are made equal, and …
This week marks the launch of TMO’s Cosmetics Industry Report. Earlier this year saw the success of our Health Supplements Industry Report (and the subsequent monthly Data Pack series!). Now, we’ve turned our attentions to another hot industry on the rise in China. This report not only contains data from trusted sources and prominent research …
Background Alibaba data shows that the penetration rate of Tmall merchant live-streaming during fiscal year 2019 reached 50%. Meanwhile, the gross merchandise volume (GMV) of live-streaming on Taobao exceeded 100 billion RMB. The penetration rate for merchants selling beauty products was particularly high. During the 618 sales in 2019, 80% of Tmall beauty and cosmetics …
Interested in taking your brand to Southeast Asia using eCommerce? Look no further – our popular series of Southeast Asian eCommerce Market Guides has been updated! Customers who purchased a previous version of any of these guides can of course contact us directly to request this latest updated version, free of charge. But for anyone who …
Most overseas brands looking to dive into the lucrative China market are well aware of the major Chinese eCommerce platforms. Tmall, Taobao, and JD.com are famous the world over. But the staggering success of eCommerce in China hasn’t solely consolidated around these obvious marketplaces. There are also several interesting and innovative Chinese eCommerce platforms that …
In terms of global eCommerce trends, mobile-ification is the most important frontier online businesses need to get a handle on. A 2019 survey report by Forrester Consulting pointed out that the flow of traffic from desktop to mobile has grown to 52% globally. Consumers are more proficient in the use of mobile phones, and their …
Although 2020 has obviously been difficult for much of the world, Chinese cross-border eCommerce is one of the areas that has managed to perform well. Cross-border eCommerce (CBEC) in the country has experienced growth, even as most industries in China and the world shrunk in response to the global crisis. According to customs data from …