10 things eft’s been reading this week

All eyes on Asia

This week saw the wrap up of one of the most amazing events in the logistics, shipping and e-commerce space – Single’s Day in China. The two behemoths in this space, Alibaba and JD.com racked up an incredible $54 billion in sales, dwarfing anything in the West and creating the singles biggest logistical challenge in the world. To honour this even, this week we take a look at e-commerce and the supply chain in Asia-Pacific so you can get the lowdown on this mind-blowing market.

Alibaba sets new Singles Day record with more than $30.8 billion in sales in 24 hours. [CNBC]

Alibaba rival JD sees Singles’ Day revenue jump 27% thanks to offline push. [TechCrunch]

Southeast Asia's e-commerce growth is still accelerating, says Alibaba-backed Lazada. [CNBC]

Lazada invests ‘massively’ on logistics to enhance customer experience. [ABS CBN News]

ASEAN economic ministers ink first e-commerce agreement. [Channel News Asia]

APAC's e-commerce growth to hit 14.2% in 2019: Fitch Solutions. [Singapore Business Review]

The numbers behind Southeast Asia’s ecommerce landscape (Infographic). [TechInAsia]

Logistics and the Belt and Road Initiative – a market study by Militzer & Münch. [Global Trade]

Asia ‘leading the way’ in e-commerce: Four of the top ten global online grocery markets in 2023 will hail from APAC. [Foodnavigator-asia.com]

Vietnam has the highest e-commerce adoption rate in Southeast Asia: EIU Report. [E27]

Also, if you haven’t heard it yet, then check out our podcast with Lori Chao, Director of International Communications, JD.com by clicking this link.

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