Tag: emarketer

Sing Post announces major investment from China’s Alibaba

Sing Post, Singapore’s leading provider of mail, logistics, and retail solutions, has announced that Chinese e-commerce behemoth Alibaba is set to purchase a 10% stake in the company. This represents a $312.5 million investment from Alibaba, which has been growing quite aggressive in regards to its investing in recent months. The two organizations have also entered into a partnership that is focused on e-commerce. The investment represents Alibaba’s first major move in the Asian-Pacific market beyond China’s borders.

Alibaba continues to show support for companies that are entering into the digital space with innovative solutions

Alibaba has become quite interested in mobile commerce as it has seen consumers throughout Asia become heavily reliant on their mobile devices. These consumers are using their smartphones and tablets for a wide range of purposes, including shopping for and purchasing products online. The demand for mobile payment support in physical stores has been growing quickly as well, which has lead many retailers to seek out solutions that can help them engage mobile consumers more effectively.

Sing Post to focus on e-commerce for the sake of its future

Sing Post has been working to expand its e-commerce logistics business and has helped some retailers engage mobile consumers in new ways. Through its partnership with Alibaba, Sing Post may be able to accelerate its entry into the e-commerce logistics space, taking advantage of the experience that Alibaba has therein. Sing Post notes that e-commerce is its current lifeline, and a greater focus on the digital and mobile spaces may help the organization remain relevant among consumers and financial solvent.

Asian-Pacific market could see e-commerce sales reach $1 trillion by 2020

According to a recent report from eMarketer, e-commerce sales in the Asian-Pacific market are expected to reach $1 trillion by 2020. This has created a sense of urgency and enthusiasm when it comes to companies participating in the mobile commerce space. Alibaba already has a powerful presence within the online world, and Sing Post may be able to benefit from this thanks to its partnership with Alibaba.

This year is helping to prove that smartphone shopping is growing quickly, but is still a fraction of the whole.

A new industry forecast has been released by eMarketer with regards to retail mobile commerce and its predictions that this channel for shopping will grow in size by 37.2 percent, to reach $57.8 billion, when compared to having been $42.1 billion last year.

The projections also showed that they expect mcommerce to reach $132.7 billion by the close of 2018.

In 2014, mobile commerce in the United States will make up about one fifth of all retail online shopping in the country. However, at the same time it will make up only 1.2 percent of the total retail sales. Therefore, while the report from eMarketer does show that while this channel is having a growing impact on the sales that are occurring on the internet, when it comes to the actual sales made as a whole, it still represents only a tiny sliver.

Included in this mobile commerce estimate are products and services ordered online on a smartphone or tablet.

That said, it does not include the purchase of travel reservations or event tickets in these statistics. In 2014, the report predicts that tablet commerce will make up nearly two out of every three mobile based sales. This is also expected to rise to account for 75 percent of the sales over these devices by 2018. This aligns with the predictions that have been made by previous studies from a range of different sources, which indicated that tablets are the preferred shopping device of mobile consumers when it comes to actually making a purchase.

The mobile commerce research has predicted that sales online (over mobile or PC) will increase by 15.5 percent, this year, to bring them to $304.1 billion. This is an increase over last year’s $263.3 billion. Growth in sales online will make up more than 20 percent of the total retail sales increases in 2014, said the repot. However, at the same time, it also indicated that it will make up only 5.8 percent of the American retail sales total of $4.7 trillion for this year. That figure should grow by nearly 9 percent by 2018.