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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Apparel Is the Most Popular Category Among Online Shoppers

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Apparel is the most popular retail category among all channels, according to a survey by OneStop Internet. The survey revealed that apparel is driving online growth, with 45% of respondents saying they plan to buy more clothing online than any other retail category in the next year.

Out of the 80% of respondents who said they made an apparel purchase within the past year, 75% said they made an online clothing purchase. Fifty-two percent of them said they plan to make more online clothing purchases over the next 12 months.

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