iPrice Group Secures Seed Funding From Asia Venture Group

iPrice Group announces it has received $550,000 (around Rp 7.2 billion) seed funding from Asia Venture Group (AVG) to setup largest online shopping community in Southeast Asia. Based in Malaysia and has been available in seven countries, including Indonesia, it’s already aggregated more than three million products from many online stores.

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MasterCard: The Cost of E-Commerce Transaction via Credit Card is (Still) Too High

The payment issue in e-commerce industry remains unsolved. One of issues related to this is the transaction via credit card or widely known as Merchant Discount Rate (MDR), since the transaction cost applied by this bank is considered to be way higher that traditional business. Continue reading MasterCard: The Cost of E-Commerce Transaction via Credit Card is (Still) Too High

Rocket Internet’s Lazada Silently Outgrow Local E-Commerce Incumbents

Just launched early this year, Rocket Internet’s Lazada has become of the most e-commerce site with big traffic in par with other big local players such as Blibli, Plasa, Dinomarket and even Rakuten. Of course traffic explains nothing like numbers of transactions does, but it’s still interesting to see how Lazada slowly outgrow the incumbents.

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DS Research and Veritrans Release Indonesia e-Commerce Report 2012

E-commerce is probably the hottest industry in Indonesia right now. And it just so happens that e-commerce is also the industry that makes Indonesia arguably the hottest emerging economy in the world right now. Continue reading DS Research and Veritrans Release Indonesia e-Commerce Report 2012

E-Commerce Behemoth TokoBagus Receives Top Brand Award 2012

TokoBagus receive an award as the Top Brand Award 2012 for e-commerce or online shop category. This award proofs that TokoBagus is the most popular and most seeked-out e-commerce website.

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Coming Soon: Maskoolin, E-commerce Fashion Site for Men

In the midst of the spread of e-commerce for Indonesian women, there will be an e-commerce dedicated for men. The e-commerce website is called Maskool.in. Maskoolin is developed by PT. Rocktokom which has succeeded in developing a social recommendation platform, Rockto.

Previously, men’s fashion is a segment mined by several e-commerce sites. There is Fashion Pria which discusses anything about the trend of men’s apparel and sells men’s fashion product. But Mustafa Kemal Wiryawan, co-founder of Rocktocom, says that the concept brought by Maskoolin will be different.

Maskoolin works with several brands to market the remaining stock of the previous season. This helps brand owner to sell all of the stock, as well as giving space for the upcoming stock because the item sold on Maskoolin will be stored in Maskoolin’s warehouse. Maskoolin even provides a line of fashion product to help brand owner produces goods.

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Indonesian E-Commerce Transaction in 2012 worth IDR2.5 Trillion

The value of online shopping transaction in Indonesia this year is estimated to reach around USD266 million or IDR2.5 trillion. The number is predicted to go up 79.7% to USD478 million (around IDR4.5 trillion) in 2013. In 2014, the value of Indonesian online transaction is predicted to reach USD736 million (around IDR7.2 trillion).

The number is obtained from around 6% of 50 million internet user in Indonesia who shop online. The number also indicates increase because in 2009, only 3% of internet user shopped online. The facts are revealed by the Director of Ideosource, Andi S. Boediman as reported by IndoTelko.

Indonesian e-commerce manages to reach such number, according to Andi, is because of two things; namely the growth of Indonesian economy and the fact that now e-commerce website in Indonesia has provide a safe and comfortable media to shop online. That includes payment from customer to e-commerce owner and goods delivery from e-commerce owner to the customer.

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Indonesia Fashion E-Commerce, Will it Bloom?

Two days in a row, on Wednesday and Thursday, two fashion e-commerce stores are launched in Indonesia. On Wednesday, Suitmedia launched Scallope while PT. M3 Indonedia launched Laavaa on Thursday. Both fashion e-commerce enliven the competition of fashion e-commerce.

Previously, there are already BelowCepek, LocalBrand, Zalora, FimelaShop and Ratimaya on the market. Although specializing and targeting in different market, surely there are cross-sections of those who play in this field.

As reported in the press release, Scallope mentions that it provides various fashion products from leading young designers in Indonesia. Scallope is trying to answer the public’s need of modern, authentic, high quality and affordable Indonesian fashion product. With such product, Scallope’s target market is 16-35 years old male and female, student, employee and manager.

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Shop Fair, e-Commerce Meets Its Customers

When all of this time, e-commerce user can only meet with e-commerce player through their websites, now there’s a chance for them to meet face to face with the people behind those e-commerce in an event called Shop Fair. It is an event held by Ideoworks and will take place at Epicentrum Walk this weekend, July 13 and 14, 2012.

Some of Indonesia e-commerce players have confirmed their participation in this event including Fimela Shop, Zalora, Lazada, and Bhinneka. Some of business players related to e-commerce will also present to raise the hype of Shop Fair. There are Deal Going – a daily deals aggregator, Ipaymu payment platform provider and online shop providers such as LakuBgt and EverIndo.

Shop Fair’s main event is exhibition from e-commerce sites. There’s a possibility of offline transaction in this event but as revealed by Andi S. Boediman, chairman of Shop Fair in this video, this event is a chance for business player and e-commerce user to meet each other and communicate. E-commerce sites can get closer to their customers and customer can meet the figures behind the e-commerce that they are using.

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PriceArea Looks for Indonesia’s Best E- Commerce Site

PriceArea, item price search engine which covers arounf 2,500 e-commerce sites, will hold an event to find Indonesia’s best e-commerce site. Titled Indonesia Top E-Commerce Sites (ITeCS), the event is held to appreciate e-commerce businessmen who have worked hard together in building e-commerce business ecosystem in Indonesia to be lively and growing.

There are six awarding categories in this event, namely Best Design, Best Innovation, Best Payment Solution, Best B2C Electronic Consumer, Best Social Media Campign and Best Small Medium Enterprise (SME). Of the 6 categories, the site with most acknowledge in those categories will be chosen as e-Commerce Idol 2012.

As reported in the press release, PriceArea uses 2 methods to choose the nominee and award in each category, namely voting by public method and judges’ panel method. Voting mechanism allows the public as e-commerce user to be active in determining the best e-commerce site. Meanwhile, the process of judges’ panel which includes representatives from the community and media, will still be done to maintain the objectivity of the selection.

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