e-commerce
- Business News
Thai e-marketplaces Shopee and Lazada shift to profitability
The e-commerce landscape in Thailand experienced a significant shift as major players Shopee and Lazada reported profits for the first time in almost a decade. This change has been attributed to careful spending, operational adjustments, and increased service fees. In 2022, Shopee recorded a profit of 2.4 billion baht, while Lazada posted a profit of 413 million baht. Shopee’s revenue reached…
- 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…
- World News
Internet economy of SEA expected to reach US$1 trillion by 2030
The internet economy of Southeast Asia is growing… fast. Industries like online shopping and food delivery have grown exponentially since the beginning of the Covid-19 pandemic, Reuters reports, citing an industry report released yesterday. The region’s internet economy is expected to continue growing, and eventually reach US$1 trillion by 2030. This joint report was released by Google, business consultancy group…
- 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…
- World News
China’s second-richest is an ex-Google employee
Apparently, working for any kind of technology company in today’s world can reap massive wealth. That’s the case for one of China’s citizens who became the second richest person in the nation after previously working for Google. Colin Huang is valued at $45.4 billion by Forbes, placing him second in China after Tencent’s Pony Ma after his e-commerce company Pinduoduo…
