Wednesday November 20, 2019
Home Business Cambodia&#821...

Cambodia’s Postal Service to launch an Online Shopping platform to tap current rise in e-commerce Activity

0
//
Online Shopping (representational Image), Wikimedia

Phnom Penh, Jan 4, 2017: The state-owned Cambodia Post will launch an online shopping platform in March in a move to tap the current rise in e-commerce activity, a media report said on Thursday.

Ork Bora, director-general of the Cambodia Post, said that after a year of studying e-commerce, the enterprise decided to launch the platform to allow all business owners to sell their products with the postal service.

NewsGram brings to you current foreign news from all over the world.

Bora said that the enterprise had already served as an agent for China’s biggest online shopping company Alibaba and has delivered their products to customers in Cambodia for four months, Xinhua news agency reported.

“We plan to launch in the first quarter of the year, maybe in March. I have been conducting a study and working on online shopping for about a year, so now we decided to launch an online shopping platform,” Bora was quoted as saying.

NewsGram brings to you top news around the world today.

“You see that online shopping is getting popular among our people now. If you look at the number of internet users with the Telecom Regulator of Cambodia, there were some seven million,” he said.

He said that currently the Cambodia Post has a nationwide delivery and transport service, so an online shopping platform would be convenient for both sellers and customers. (IANS)

 

Next Story

‘Shoppers’ Data with E-Commerce Giants Alibaba, Amazon Key to Reducing Inventories in Supply Chain

Alibaba group has fast emerged an e-commerce giant with monthly active mobile users increasing by 236 million over the past two years

0
Shoppers, data, E-Commerce
Highlighting the crucial role of data in manufacturing, he noted that production was fast becoming consumer-centric from being product-centric. Pixabay

Shoppers’ data with e-commerce giants such as Alibaba, Amazon and Flipkart are fast proving to be the key to reducing inventories in the supply chain.

Hangzhou-headquartered Alibaba sees the new age production getting integrated with front-end data held by retailers.

Underscoring the huge significance of consumer data, Chen Xiao Ping, CEO of Intime Retail Group – an Alibaba unit which is converging online and offline retail – said: “(For us) each payment is a beginning of new payment.”

Highlighting the crucial role of data in manufacturing, he noted that production was fast becoming consumer-centric from being product-centric.

Shoppers, data, E-Commerce
Hangzhou-headquartered Alibaba sees the new age production getting integrated with front-end data held by retailers. Pixabay

Alibaba group has fast emerged an e-commerce giant with monthly active mobile users increasing by 236 million over the past two years till September 2019.

The Chinese retail behemoth sold $30.8 billion worth of merchandise during its mega one-day global shopping event in 2018.

Industry experts have forecast that it will break its previous year sales record this time. The mega shopping festival billed as Double 11 is set to kick off from midnight Sunday.

The bigger sales number means bigger data too which could be used to bring efficiency in the manufacturing sector.

Also Read- OnePlus Smartphone Batteries Get Easily Drained Because of WhatsApp: Tech Report

“The future of retail effectiveness and efficiency is predictive retail. And predictive retail will depend on second to second data,” said Bengaluru-based brand and retail expert Harish Bijoor.

With their fingers on the pulse of consumers, using big data and analytics, digital companies like Alibaba, Amazon and others are sitting on a huge data bank considered the new oil.

Alibaba uses enormous data it has on consumers, search terms, links shared and merchandises browsed etc.

Digitization helps in real time footfalls, order management, inventory numbers and potential areas of bottlenecks.

Shoppers, data, E-Commerce
Underscoring the huge significance of consumer data, Chen Xiao Ping, CEO of Intime Retail Group – an Alibaba unit which is converging online and offline retail – said: “(For us) each payment is a beginning of new payment.” Pixabay

“New retail driven by digitization is the going to be key growth engine for the industry,” Intime’s Chen said.

During this year’s Double 11, the 11th in a row, various digital platforms of Alibaba are offering 200,000 brands to over 700 million consumers.

Also Read- Cyber-Security Project of Google Named ‘Chronicle’ Imploads in Trouble

In China, e-commerce accounts for 18 per cent of total retail. (IANS)