e-commerce
- Thailand News
Thailand mandates foreign e-commerce offices under new law
Thailand will soon require foreign e-commerce operators to establish registered offices within the country, as stipulated by the new digital platform service law. The Electronic Transactions Development Agency (ETDA) announced this move following consultations with the Department of Trade Negotiations to ensure compliance with international trade agreements, according to executive director Chaichana Mitrpant. The initiative is part of broader efforts…
- Business News
Thailand mandates VAT registration for online sales platforms
The Ministry of Finance is set to integrate online sales platforms into Thailand’s tax system, following a Cabinet decision mandating these platforms to register for value-added tax (VAT). An anonymous ministry source confirmed that the Revenue Department will amend the Revenue Code in line with the Cabinet’s resolution. Online sales platforms will now be required to register for VAT in…
- Business News
Temu’s impact on Thailand’s e-commerce market remains uncertain
Chinese e-commerce giant Temu‘s potential to impact the e-commerce market in Thailand and the region remains uncertain, according to market analytics firm Cube Asia. Sellers may need to brace for another price war if Temu sustains strong incentives and a low-price strategy, similar to the shifts seen with Shopee, Lazada, and TikTok Shop focusing on profitability. Simon Torring, co-founder of…
- Thailand News
Thai SMEs eye US e-commerce payday after major Amazon deal
Thailand’s small and medium-sized enterprises (SMEs) are set to cash in on the lucrative US e-commerce market following a groundbreaking deal inked between the Department of International Trade Promotion (DITP) and Amazon Global Selling (AGS). The partnership, formalised during the TOPTHAI Cross-Border e-Commerce Day 2024, aims to turbocharge the e-commerce export capabilities of Thai businesses, opening doors to the US$1.1…
- Business News
PM Srettha orders Temu to comply with Thai tax laws
Prime Minister Srettha Thavisin directed the Revenue Department and the Ministry of Digital Economy and Society (DES) to ensure the new Chinese online retailer Temu adheres to Thai regulations and meets tax obligations. The directive aims to address concerns from local industries about the potential influx of inexpensive Chinese products affecting Thai manufacturers. The introduction of Temu, a Chinese e-commerce…
- Thailand News
Temu’s takeover: Thai e-commerce expert warns of price war
The Thai e-commerce landscape is about to face a major upheaval, warns Pawoot Pongvitayapanu, CEO of Creden.co and PaySolutions. Speaking on Krungthep Turakij’s Deep Talk programme, Pawoot cautioned that the arrival of the Chinese online retail giant Temu on Monday could spell trouble for local retailers already battling fierce competition. Pawoot highlighted that while Thai consumers are already familiar with…
- Thailand News
Byte-sized shopping: TikTok dances into ASEAN e-commerce scene
TikTok, the social media phenomenon owned by ByteDance, is now a formidable force in e-commerce. According to a recent report by Momentum Works, published in Nikkei Asia, TikTok Shop’s gross merchandise volume (GMV) soared from US$4.4 billion (around 158 billion baht) in 2022 to a staggering US$16.3 billion in 2023. This explosive growth has catapulted TikTok to second place in…
- Thailand News
Lazada denies divestment plans in Thailand amid growing rumours
Lazada Group has firmly denied any plans for divestment in Thailand, asserting that there are no ongoing discussions with investors regarding such a move. A company spokesperson addressed the circulating rumours. “Lazada Group is not considering any divestment of our business in Thailand and is not in discussion with any investors on this topic. Any rumours stating otherwise are untrue.”…
- Business News
TikTok teams up with Thailand’s biz dept to boost SME impact
TikTok Shop has taken a significant step by signing a memorandum of understanding (MoU) with Thailand’s Department of Business Development to boost the contribution of small and medium-sized enterprises (SMEs) to 40% of the GDP by 2027, up from the current 35%. TikTok Live data from Thailand shows that in 2023, there were 700,000 Thai creators live streaming on the…
- Thailand News
Thai eCommerce rivalry set to surge
Thailand has recently plunged into the eCommerce market, spurring job creation and economic fortification. The country has a predicted eCommerce growth rate of between 5 and 7% between 2025 and 2027. What does the Thai eCommerce surge mean for US businesses? The eCommerce world is changing, and US businesses must adopt the latest tools and technologies to stay ahead of…
- Thailand News
Thai government urged to regulate booming influencer industry
With the explosive growth of social media and e-commerce, the role of influencers has never been more prominent. Recognising the immense economic potential, the National Economic and Social Development Council (NESDC) calls for the Thai government to implement regulations and provide support for this burgeoning career path. In 2023, the ASEAN region boasted approximately 13.5 million influencers, according to Nielsen.…
- Digital Marketing
Boost your eCommerce sales with essential SEO tactics
In today’s digital environment, where the internet serves as the main marketplace for consumers, mastering eCommerce Search Engine Optimization (SEO) has become a critical requirement for companies aiming to achieve success online. The expenses related to eCommerce SEO vary between £750 and £8000 monthly for small to medium-sized businesses, clearly indicating that optimizing an online presence demands significant financial investment.…
- Thailand News
TikTok shopping: The new trend in Thai e-commerce
TikTok has usurped traditional e-commerce giants to claim the throne as Thailand’s premier shopping platform for millennials, a survey by the Trade Policy and Strategy Office (TPSO) discloses. With 4,699 respondents nationwide, the survey unveiled TikTok’s meteoric rise as an online shopping hub, particularly among the youth demographic. Renowned for its fusion of joyous content and retail therapy, TikTok pioneers…
- Business News
Thailand’s digital deficit weighs heavily on tech industry
The digital deficit in Thailand, estimated to be around 200 billion baht (US$5.56 billion) per year, is a major concern for tech industry leaders. The former president of the Thai e-Commerce Association, Pawoot Ponngvitayapanu, highlighted this issue to Parliament’s economic steering committee, urging them to address the deficit and informing the finance ministry. The deficit stems from Thailand consuming more…
- Business News
Thailand’s media spending to see 4% growth driven by online and TV
Anticipating a 4% growth in media spending this year, mirroring the trend from 2023, the market is set to be driven by online, TV, and out-of-home media. This predicted growth is attributed to political stability and economic stimulus initiatives introduced by the government. The burgeoning e-commerce platform landscape has catapulted affiliate marketing into a key media tool for brands. This…
- Business News
US-China tensions fuel e-commerce growth in Thailand
The mounting geopolitical tension between the US and China is precipitating an influx of new e-commerce entities into Thailand, a development set to escalate market rivalry and broaden the scope of the cross-border e-commerce industry. Thanawat Malabuppha, the CEO of Priceza and honorary president of the Thailand E-Commerce Association, asserts that the escalating US-China geopolitical strife has triggered an expansion…
- Thailand News
Thai online vendors required to file taxes from 2024 as new directive kicks in
Online vendors are required to file taxes for the year 2024, with the Revenue Department mandating online platforms to disclose income data. This directive, effective from January 1 applies to all businesses, including e-Commerce, food and product delivery services like Shopee, Lazada, Grab, and TikTok. These platforms, registered in Thailand and having an annual income exceeding 1 billion baht, are…
- Business News
Foreign e-commerce giants to dominate Thailand’s market in 2024
An e-commerce chief predicts that foreign operators will continue to control Thailand’s e-commerce landscape, with live commerce and affiliate marketing becoming increasingly prevalent in the next year. Overcoming the nation’s digital trade deficit continues to be a challenge as international companies lead in sales, delivery, and advertising. The value of Thailand’s e-commerce market is slated to surge to an impressive…
- Business News
Thai businesses ride China’s e-commerce wave, reveals ministry study
The rapid expansion of the e-commerce sector in China offers substantial benefits for Thai businesses, as revealed in a recent study by Thailand’s Ministry of Commerce. The study, released yesterday, highlights the potential gains from the surge in China’s cross-border e-commerce (CBEC) trade. In a bid to streamline the cross-border sale of goods, the Chinese government has established 165 pilot…
- World News
TikTok’s popularity shaping e-commerce’s future in Southeast Asia
In the feverish hive of activity within a Northeast Jakarta shophouse, a myriad of salespeople takes turns advertising products ranging from cosmetics and contact lenses to hair accessories. While one individual gives guidance on choosing optimum lipstick shades, another trumpets the most recent price drop in vitamin supplements. However, far from the chaotic scene of a bustling market, this is…
- Thailand News
Shopee stops all bank payments after hackers steal from customer in Thailand
E-commerce platform Shopee announced a permanent end to purchases made by bank payment starting today onwards. The decision comes after a customer in Thailand was hacked via Shopee and lost tens of thousands of baht from a bank account linked to the app. The hackers allegedly used the Shopee app to get into bank accounts and transfer money without even…
- Technology News
Minister of Digital Economy and Society wants 42 websites banned
Chaiwut Thanakamanusorn, the Minister of Digital Economy and Society, has asked the court to ban access to 42 websites including YouTube, Twitter, and Facebook pages that are spreading the controversial Lazada advert. He was responding to a contracted ad on e-commerse platform Lazada, where 2 influencers, Nara Aniwat and Thidaporn “Nurat” Chaokuwiang wear hi-so clothing, who royalists deemed to be…
- China News
Alibaba and Tencent sites added to US ‘notorious markets’ list
The US government has added popular e-commerce sites operated by China’s Tencent and Alibaba to its “notorious markets” list. The US Trade Representative’s office said on Thursday that is was adding the two online markets to its growing list of 42 online and 35 physical markets that are alleged to facilitate or engage in widespread piracy of copyright and trademark…
- Sponsored
17 Best Marketing and Advertising Agencies in Thailand
Sponsored Article Thailand shines as a prime business destination in Asia, excelling in e-commerce, digital transformation, and internet adoption. Its allure for international business expansion is undeniable. However, venturing into this market comes with challenges. To compete effectively, businesses must grasp Thai consumer behaviour, cultural dynamics, and prevailing marketing trends. Thai consumers have embraced digital platforms, dedicating more time to…
- Thailand News
Lazada, Shopee go head to head in attracting more online shoppers
The Internet shopping websites of Lazada and Shopee are going head to head as they are competing for more online shoppers. The economic downturn has prompted more efforts to attract new shoppers just as the festive sales season is right around the bend. Thanida Suiwatana, chief business officer of Lazada Thailand, says the Covid-19 pandemic has spurred a new trend…
- Expats
Ban on sales and promotion of alcohol online starts December 7
From December 7 you’ll no longer, officially, be able to purchase alcohol online in Thailand, according to a posting in the Royal Gazette back in September, the Thai government will prohibit the sales and promotion of alcoholic drinks on every online platform from December 7. The ban includes direct sales, promotion and introduction of alcoholic products online, but will not…
- World News
Air Asia diversifies from an airline brand to e-commerce powerhouse
Airasia.com has revealed its greatly extended new online brand identity online as “ASEAN’s super app”, completing what it calls a “transformation from digital airline to comprehensive lifestyle platform”. The airasia.com ASEAN super app combines a host of related online experiences in a “faster and more convenient user experience” with over 15 types of products and services under 3 main headings…
- Business News
Air Asia seeks to mitigate economic losses with launch of “super app”
Air Asia is introducing a super app, in an attempt to off-set – at least partially – the significant financial losses brought about by the Covid-19 pandemic. The mobile application shuffles Air Asia’s model as a flight and accommodation provider, to a broader platform of complimentary services. The app will offer users a variety of options, including digital payment services,…
