Well this is a battle to watch.
Since Amazon Prime showed up that’s pretty much where I get my stuff – apart from going to the store or the wet market. Yes – that’s still a thing in Asia and I love it.
I get the other stuff I need from iHerb which has great prices and ships for free to Singapore. Can’t beat it.
I still very rarely wonder in the untamed marketplace that is Lazada or Shopee. I have tried them both for some weird stuff I couldn’t get elsewhere but generally are disappointed with the quality of it. For sure though the marketplace model of each holds very little interest from me so I am always amazed at the numbers for these products but of course not a lot of profit yet.
Then add in the while Carousell and Facebook stuff for lots of other P2P transactions which our family has used way more than Shopee or Lazada but both could be done so much better. I actually there is some opportunity in the P2P space being done right but maybe Carousell and FB are just too big now.
Anyways – welcome to SEAsia! Its gonna be a crazy next 10 years!
Sea is raising up to $1.5B for its Shopee e-commerce business in Southeast Asia | TechCrunch
PITY THE Indonesian courier. Delivering a package on the archipelago can be a daunting task. The country’s 13,466 islands stretch across almost 3,000km and to reach a distant atoll might mean waiting weeks for a boat. Many people in remote areas lack a formal address; their roads are nameless and their houses often without number.
— Read on www.economist.com/business/2019/01/12/indonesia-binges-on-e-commerce
Interesting. Love all the competition.
Behind this year’s Singles Day sales in SEA, is the somehow unnoticed rise of Shopee – KrASIA
— Read on kr-asia.com/behind-this-years-singles-day-sales-in-sea-is-the-somehow-unnoticed-rise-of-shopee
Great to see some writing that actually digs into the numbers and teases the truth apart. Versus a – SEA increased revenue post.
I am rooting for these guys – we need to take some pride in a homegrown player going all the way.
Trimming marketing costs while stoking revenue growth won’t come easy.
— Read on www.bloomberg.com/view/articles/2018-08-22/sea-s-e-commerce-success-will-depend-on-a-juggling-act
Some nice quotes from Amit of Jungle:
Amit Anand, co-founder and managing partner at Jungle Ventures, predicts 2018 is when “online-to-offline (O2O) will go mainstream in Southeast Asia. Many Internet businesses will realize that they can scale more efficiently and quickly and also provide better consumer experiences by creating hybrid, omni-channel models.”
Take Pomelo Fashion, an online fast fashion brand and one of Jungle Ventures’ portfolio investments, which recently launched an offline presence. “In the span of a couple of months, it has already experienced huge growth, both in terms of conversion and also an uptick in average order values of purchases made by customers,” shares Anand.
According to Anand, one of the critical factors for success in the digital world is the ability to collect, track, and use data.
“Digital interactions and transactions leave a trail of insights, but data cannot be effectively utilized if it is not captured comprehensive. This is an area where I always encourage our teams to start early and get a head start over their competition,” he says, adding that there are tools and frameworks now in place to help start-ups implement this more effectively and economically.
To be sure, e-commerce is still in its nascent stages in Southeast Asia. “In this regard, we can continue to expect more investments to come from companies and government bodies to improve and innovate on everything from discovery to last mile delivery,” says Anand.
What it Takes to Win the Southeast Asian E-commerce Market in 2018 – inc-asean.cominc-asean.com
Haven’t dug in deep yet but looks like a lot of good data.
State of eCommerce in Southeast Asia 2017 by iPrice Group