Nigeria leads South Africa in Online shopping

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A recent survey has shown that Nigerians shop more online than other sub-Saharan African (SSA) countries.

According to GeoPoll, which conducted the survey on five African countries including Nigeria, South Africa, Uganda, Kenya and Ghana, said though there have been significant growth in online shopping on the continent, but SSA still don’t trust e-commerce sites.

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Cloud Security Market to Cross $10 Billion by 2021

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According to TechSci Research report, “Global Cloud Security Market By Service Type, By Deployment Mode, By End User, By Region, Competition Forecast and Opportunities, 2011 - 2021,” global cloud security market is projected to cross $10 Billion by 2021, on account of increasing adoption of cloud computing, rising demand for managed security services, increasing smartphone user base and growing number of data breach incidents. 

Further, the number of internet users across the globe stood at 3.14 billion in 2015 and this is estimated to reach 3.29 billion by 2016. This has fueled need for virtual storage infrastructure such as cloud. Moreover, in 2015, number of smartphone users across the globe stood at 1.89 billion and is estimated to reach 2.12 billion by 2016.

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British company seeks India address to help e-commerce firms in delivery

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British firm what3words is hoping to tap into India’s burgeoning e-commerce industry by providing a service that makes addresses — and thereby delivery systems — much smarter. The West-London-based tech firm that focusses on creating accurate and easily identifiable addresses for the entire world was set up in 2013, and has divided the world into 57 trillion three-metre square chunks, including the oceans. 

Each is assigned a three-word address — for example, table chair spoon — that enables users to precisely identify locations. The company, which took part in the recent UK-India Tech summits in New Delhi and Bengaluru, already has a number of partnerships in India. 

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E-commerce expected to reach $1b by 2020 in Pakistan

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Commerce Minister Khurram Dastgir Khan has said that e-commerce in the country is expected to reach $1 billion by 2020. While inaugurating a seminar on "E-commerce for Development" in Geneva, he said, "Our legislature is working hard to update the rules and regulations governing digital trade." The seminar was organised by the government of Pakistan and was attended by a large number of World Trade Organisation (WTO) members and ambassadors.

All heads of agencies appreciated the initiative taken by Pakistan. It was coordinated by Dr Tauqir Shah, Pakistan's ambassador to WTO. The group consists of Costa Rica, Nigeria, Kenya, Sri Lanka, Argentina and Uruguay. Country experience from Sri Lanka, Argentina, Nigeria, Pakistan and ASEAN were presented and debated. Representatives of the World Bank, WTO, trade for all, EBay, Alibaba and Mercado Libre gave presentations on this occasion.

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Online sales of Smartphones fall 18% in November

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November sales of smartphone through e-commerce channels have dropped by nearly a fifth month-on-month due to the double whammy of demonetisation sucking up cash from the system and a demand slump after the festive season when most consumer purchases take place.

Amid an overall sales dip, ecommerce majors said that cashless transactions have at least doubled over October, raising their proportion compared to that of cash purchases during the month, as users switched to paying online, cards or through mobile wallets to fight off the cash crunch.

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Demonetization to help m-commerce growth in India

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The Centres move of demonetization will augur well for the m-commerce industry in the country and most of the retail commerce will shift to mobile in the near future, says a report.

“It has been more than two weeks since the move to ban the Rs 500 and Rs 1,000 notes was announced. The demonetization move was exactly the fillip the fledgling m-commerce ecosystem in India was looking for,” according to a CII Grant Thornton report on m-commerce. 

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Clothing tops Cross-Border shopping list

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Nearly 50% of cross-border digital buyers worldwide ages 18 and up say they have purchased clothing and apparel, footwear and accessories from cross-border ecommerce sites in the past year, according to a November 2016 report. Close to one-third also said they purchased consumer electronics, computers, tables and mobiles and peripherals. 

A quarter of those surveyed said they made travel or transportation purchases on cross-border ecommerce sites. Nearly as many made similar purchases on digital entertainment or education purchases, like ebooks and digital music, and 23% bought toys and hobbies via a cross-border ecommerce site. 

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IRCTC net profit grew 44% to Rs 189 crore.

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The Indian Railway Catering & Tourism Corp (IRCTC) sold train tickets worth Rs 24,022 crore ($3.5 billion) online in the year ended March 2016, although growth halved to 17% from a year earlier as its customer base stagnated.

The government-owned portal, which gets a commission on each ticket sold, posted a 32% increase in revenue to Rs 1,506 crore, according to a filing with the Registrar of Companies. Its revenue come from service charge on tickets, sales of Rail Neer packaged water, onboard catering services and licence fees from outsourced catering vendors.

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Future of UK Digital Commerce Market

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Across the globe, total retail e-commerce sales will reach $1.915 Trillion this year. The UK is the world leader when it comes to retail digital commerce’ share of total retail sales. As the worldwide digital commerce market continues to expand, it is important to look at the growth of UK digital commerce market and think forward to how far it can grow at the expense of traditional commerce market. 

UK digital commerce market has grown rapidly over the last few years and continues to develop and experience high growth in developing and developed markets.

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Growth of ecommerce in US and China

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E-commerce is going strong in the world’s largest two economies–the United States and China. The “Understanding Digital Commerce in the U.S. and China” study also found Chinese consumers more likely to shop on their smartphones and tablets than their counterparts in America.

The research shows both China and the United States have reached near-full adoption of e-commerce. Of digital users over the age of 18, 89% of Chinese and 84% of Americans said they bought a service or product digitally in the past 12 months.

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Logistics Industry will grow $15.5 trillion within 10 years

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The logistics and transportation industry will grow to $15.5 trillion, from a current market value of $8.1 trillion, according to a recent Transparency Market Research report. Like other fast-growing industries, the market is extremely competitive, with the big-four companies controlling less than 15% of the market, procurious reports.

The industry may be ripe for disruption, however, so procurious suggests companies focus on dynamic strategies to ensure resilience. Such strategies require a renewed focus on improving savings for both buyers and suppliers.

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SingPost opens eCommerce Logistics Hub

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Singapore Post Limited (SingPost), the national mail carrier of Singapore, has opened its Regional eCommerce Logistics Hub (eComm Log Hub) at the Tampines Logistics Park.

SingPost said the S$182 million (U.S. $130.9 million) facility is its largest eCommerce logistics investment in Singapore to date. Parcels for delivery within Singapore and those to be shipped to destinations worldwide will be processed at the eComm Log Hub.

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63% Ecommerce Websites Breaking Consumer Rights

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The European Commission carried out a check across 697 ecommerce websites across the European Union and found that 63 percent of them had missing, unclear of incomprehensible information on the right of withdrawal from a transaction. One in three websites had incomplete or unclear details about the trader, while one in five failed to provide consumers with a clear display of price or contract conditions.

The European Commission organizes so called sweeps regularly, in order to verify how EU consumer rules are applied in practice. Last week, authorities swept 697 ecommerce websites across Europe, of which 436 were confirmed to have some irregularities. 

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E-tailers expected to spend over Rs 2,000 crore on Diwali ads

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Much like last year when they blitzkrieged their way into newspapers, television screens and radio, e-retailers are expected to spend more than Rs 2,000 crore on advertisements this festive season.

Already, ad campaigns have been unleashed across media platforms including digital channels such as YouTube. Data from MAP (TAM Adex) shows online players spent about Rs 500 crore in the first week of October on ad via traditional channels including TV, print and radio. 

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Ecommerce Smartphone Shopping Driving 70% Of Mobile eCommerce

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The mobile eCommerce wave has continued to grab top of mind — and top of consumer wallets — having made impressive inroads into the way people spend, as well as when and how.

Javelin Research said that its latest research shows that commerce on the go, so to speak, leapt 60 percent last year to hit $120 billion. And now, according to Javelin, shopping via smartphone generates $0.70 of every dollar spent in a mobile setting.

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Warehousing space demand to grow 8% annually in India

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Warehousing space demand in seven major cities in India is likely to grow 8 per cent annually to touch 839 million sq ft in the next 4 years driven mainly by manufacturing and e-commerce sectors, says a report. 

According to the report by property consultant Knight Frank India, the seven cities are National Capital Region, Mumbai, Chennai, Bengaluru, Hyderabad, Pune and Ahmedabad. 

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Ecommerce will become $300 billion market by 2025

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Small retailers must embrace technology and ecommerce alongside brick and mortar stores, Niti Aayog CEO Amitabh Kant said, while calling for more liberalization so that startups can benefit from foreign investment.

“Ecommerce in India is a $25 billion market right now… I can say with confidence it will become $300 billion by 2025,” Kant said at the India Economic Summit, organised by the World Economic Forum and the Confederation of Indian Industry. 

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Sales via Mobile Apps Overtakes Mobile Web

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Mcommerce sales are up 40% this year, according to new research from the e-tailing group, with mobile apps making up the majority of mcommerce transactions.

Mcommerce sales are up 40% this year, compared with 11% sales growth for ecommerce. And, for the first time, mobile apps now make up the majority of mcommerce transactions, reports the e-tailing group, which was recently acquired by Astound Commerce.


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Consumers may Splurge Rs 25k cr in Online Festive Shopping

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With e-commerce giants offering heavy discounts, Indian consumers may splurge nearly Rs 25,000 crore in the upcoming festive season, according to a report. 

"This is expected to be the busiest festive season for e-commerce companies as Indian consumers are likely to spend up to Rs 25,000 crore as against over Rs 20,000 crore spent in festive season last year," Assocham Secretary General D S Rawat said. 

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India’s E-commerce Revenue May Touch $38 bn in 2016.

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The e-commerce industry in the country is likely to be worth USD 38 billion by 2016, a 67 per cent jump over the USD 23 billion revenues for 2015, as per industry body Assocham. “India’s e-commerce market was worth about USD 3.8 billion in 2009, it went up to USD 17 billion in 2014 and to USD 23 billion in 2015 and is expected to touch whopping USD 38 billion mark by 2016,” Assocham said in a statement.

Increasing internet and mobile penetration, growing acceptability of online payments and favourable demographics has provided the e-commerce sector in India the unique opportunity to companies connect with their customers, it said. 

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How to Set Up a Twitter Card for Your Ecommerce Site

With a bit of data, online retailers can improve the way products are shared on Twitter, defining a specific image and description to be displayed and improving tracking with Twitter Card Analytics.

Online retailers want shoppers to share products on social media. When a visitor tweets about a product, she is essentially endorsing that product, sharing the product with her friends and family. That sort of sharing can lead to sales.

How Twitter Cards Work :

When someone posts a tweet that contains a URL, Twitter fetches the page content and looks for specific metadata fields. When those fields are present, Twitter will display a “card” rather than just a link when the tweet is expanded in the timeline or when the tweet is viewed directly.

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Malaysian E-Commerce Industry To Grow With NESR

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The Malaysian e-commerce industry is expected to boom and grow further with the launch of the National E-Commerce Strategic Roadmap (NESR) soon.

Deputy International Trade and Industry Minister Datuk Ahmad Maslan said the roadmap is a proactive effort by the government to ensure that the e-commerce application becomes the most important platform in marketing products and services.

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Maharashtra Govt Plans E-com Platform For Trade In Agri Goods

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The state government has started working on a project to create an e-commerce platform for trading in agricultural goods, hoping to replicate the success of other e-commerce players trading in both perishable (fruits and vegetables) as well as non-perishable (grains etc).

In its initial stages, the project will target customers mostly in Pune and Mumbai.Following its recent decision to delist fruits and vegetables from the Agricultural Produce Market Committees (APMCs), the state government has been working on creation of parallel and new market options for farmers. 

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Fashion Could Be UAE Online’s Next Growth Engine

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It’s a gap that needs to be stitched only about 2% of the online spending in the Middle East is on clothes, while the comparable number in the West is around 15-20 per cent. 

“It’s only a matter of time before the trend picks up in the Gulf — it will be driven by the young who will want to spend their outdoor time on leisure and entertainment than on shopping,” said Rajiv Suri, CEO at Majid Al Futtaim Fashion.


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Global E-Commerce Logistics Market Growth Of 12% CAGR by 2021

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Global E commerce logistics market is expected to grow at CAGR of 12% for the forecasted period of 2016-2021. The market is segmented on the basis of logistics services, products and locations. 

The market is driven by growing market for e commerce. E Commerce industry is trillion dollar industry in 2016. The number of e commerce players and their outreach is increasing and hence the need of more effective logistics is growing.

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Wearable Market In India Increases By 42% In Q2

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Wearable devices shipment in India clocked over 5.67 lakh units in the second quarter, up about 42 per cent from the January-March quarter 2016, research firm IDC said on Tuesday.

Total shipment in the second quarter clocked over 5.67 lakh units of which the basic wearables defined as wearables that can't run third party applications contributed nearly 94 per cent, IDC said.

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80% of UK online shoppers consider buying cross-border

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Eighty per cent of UK online shoppers would consider buying from a retailer beyond the UK – and 44% have already done so, new research suggests.

Bronto Software says shoppers are motivated to look beyond the UK’s borders as they look for unique products (62%), and to buy at better prices (50%). Almost four in 10 (38%) are shopping at least once a month. It cites a Forrester forecast that cross-border online business to consumer orders will double to reach $424 billion (£324bn) in 2021.

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Ecommerce in France grew 12.95% in second quarter 2016

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Ecommerce in France has grown during the second quarter of this year. Online sales increased by 12.95 percent, compared to the same period last year. The number of online purchases has also increased during this period: it grew 18.12 percent year-on-year.

These statistics come from the ecommerce index of Journal du Net. The increase of online sales in France during the second quarter (12.95 percent) was slightly higher than it was during the first quarter, when the French ecommerce revenue increased by 12.83 percent.

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Ecommerce Committee To Discuss About Its Growth

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An e-commerce committee headed by NITI Aayog CEO will hold its first meeting on Monday to deliberate on issues related with growth of the sector. In the meeting, the Department of Industrial Policy and Promotion (DIPP) will give a detailed presentation to the members on the fast growing e-commerce sector, an official said.

Earlier this month, the government set up the committee to look into all issues, including foreign direct investment norms, pertaining to the fast growing e-commerce industry. Members in the panel includes officials from commerce and industry ministry and department of electronics and IT among others.

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Online Companies Strictly Comply With e-commerce Guidelines : Gov

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Government has asked online retailers to strictly comply with the e-commerce guidelines following complaints by offline players on the advertisements being given by them in newspapers announcing sale.

This was instructed to the online retailers during a recent meeting held in the Commerce and Industry Ministry.

"In the meeting, it was made clear to the online companies that they can not announce any kind of sale discounts and if they are giving advertisements...

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why users prefer purchasing using mobile app?

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According to Internet and Mobile Association of India (IMAI), the Indian E-commerce market has already crossed an INR 2 Lakh Crores in 2016. With almost 400+ million mobile users in India, several e-commerce are now focusing towards mobile apps as a major tool to bigger their sales. Even the industry stakeholders perceived mobile apps as the way forward for their e-commerce business.

There is a major growth in the number of consumers buying the products using their mobile devices. Though mobile commerce has already rose up to 34% of all e-commerce transactions around the world, and now it is predicted to cross 50% in 2017. With still a large Indian population using desktop to make online purchases, does Indian e-commerce entrepreneurs need to focus on other sales channels as well, apart from website?

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Vietnam Gov To Boost Non Cash Payment In Ecommerce

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In an attempt to boost e-commerce, Vietnam is trying to convince 50 percent of urban residents to convert to non-cash payments such as debit and credit cards.

Vietnam expects revenue from online retail to hit $10 billion by 2020, accounting for 5 percent of the total nationwide revenue from sales of goods and services, according to the government’s e-commerce development plan for 2016-2020.

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Report predicts boom in rural Indian eCommerce by 2020

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A surge in internet connectivity in rural India, home to some 870 million people, will lead much of the nation’s e-commerce activity to move into regional areas during the rest of the decade, according to a report by Boston Consulting Group.

The number of web-connected rural consumers will more than double to 315 million by 2020 from 120 million last year, fueled by inexpensive smartphones, the consultant said in a report. By 2020, about half of all the nation’s Internet users will come from rural areas, it said.

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Taiwan aims to tax cross-border e-commerce next year

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The Ministry of Finance (MOF) is planning to impose a business tax on cross-border electronic commerce operators starting from next year in a bid to close a loophole that had allowed foreign e-commerce providers to dodge taxes in Taiwan.

The MOF said that it will invite representatives of foreign e-commerce operators to a meeting scheduled for Aug. 18 to discuss the tax. In the upcoming meeting, the ministry will also invite accountants, bookkeepers and taxation experts from the academic sector to map out a policy for the new tax scheme, hoping it can be implemented by 2017 at the earliest.

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E-commerce websites offering easy access to pharma drugs

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Growing e-commerce in India is facilitating significant increase in online pharmacies, leading to easy availability of pharmaceutical drugs and their abuse, the Narcotics Control Bureau (NCB) says.

In its annual report for 2015, published on Friday, the NCB says abuse of pharmaceutical drugs in India has assumed serious proportions in recent times and the problem seems to be more serious in the northeast and northwest region of the country.

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