Page 30 - Ecommerce News Today

Ecommerce: Sales are expected to be driven by some 140 million shoppers who are likely to make online purchases at least once during the festive season, which typically runs from the onset of Navaratri to Diwali. The festive period is projected to drive about 17% of the annual e-commerce sales for 2023.

This is higher than the gross merchandise value (GMV) growth seen by ecommerce marketplaces during the first half of the year but less than last years festive season sales.

Indonesia, with a population of more than 270 million, accounted for nearly $52 billion worth of e-commerce transactions last year, according to data from consultancy Momentum Works.

The government has sought public comments on draft guidelines for prevention and regulation of "dark patterns" which are nothing but tactics used by online players to deceive customers or manipulate their choices. The draft guidelines, issued by the Consumer Affairs Ministry, list various deceptive practices being adopted by online platforms in the nature of dark patterns which are against the interests of consumers.

While third parties are helping business find new avenues of growth online, this has sometimes come at a cost to brand owners who can struggle to build a dialogue directly with consumers. With this digital intermediation, one wonders: what happens to brand loyalty in the digital age?

The Indian American Chambers of Commerce (IACC) has stated that any e-commerce policy or regulation should not hinder the growth of the sector. The chamber emphasized that the policy should align with existing laws and not increase compliance burdens. It also stressed the importance of incentivizing investment, promoting innovation, and encouraging competition in policymaking.

To take advantage of this new wrinkle in retail, investors should consider buying FedEx (FDX).

The weak ringgit remains an attractive point in attracting more tourists to the country, says Malaysia Shopping Mall Association president Tan Sri Teo Chiang Kok.

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Amazon e-commerce business acquirer Benitago Group has filed for bankruptcy in the US, listing both assets and liabilities ranging from $50 million to $100 million.