More and more Filipinos are beginning to shop online, according to the results of MasterCard’s Online Shopping Behavior Study 2012 in 14 Asia Pacific countries. The survey also shows that the country’s e-commerce potential is expected to grow even more with the emergence of enabling technologies.
The government has launched a system dubbed Philgeps Virtual Store, through which agencies can buy supplies online and without using cash.
Swedish investment house Kinnevik is betting big on Southeast Asia’s economic rise through an investment of $40 million in online shopping site Lazada, which is emerging as a leading player in the region’s e-commerce sector.
Southeast Asia-centric online retail giant Lazada.com is set to receive an infusion of fresh capital through an investment by JPMorgan Chase & Co. bank’s German investment unit.
MANILA, Philippines—When four tech whizzes from Boca Raton, Florida, got together to form content sharing website Multiply in 2003, they never thought their baby would become an e-commerce platform. But evolve they did because that was what the users wanted. Now Multiply is a social shopping site teeming with entrepreneurs, selling myriad products and services, [...]
