E-commerce platforms see over Rs 1 lakh crore worth sales in India festive season

The Commission will look into whether the Chinese e-commerce company has failed to crack down on illegal products and addictive designs. The content of this website is the work of over 530 journalists who deliver high-quality, reliable and comprehensive news and innovative online services every day. This work is supported by additional revenue from advertising and subscriptions. Today, there is no guarantee that the products flooding the market from China via the Temu platform or other equivalent platforms comply with European standards.

• Zyro is a good platform for sellers who want a money-back guarantee and 24/7 customer support.
• According to YouNet ECI, by Q2 2024, only Shopee (with about 71.4% market share) and Tiktok Shop (with around 22%) maintained positive growth, together accounting for over 93% of the market share.
• Mobile sales made up $1.4 trillion USD of this total, equalling 58.9% of these digital sales, an increase of 18.7% from 2015.
• Shopify is one of the best e-commerce platforms for its advanced feature set designed for selling online.

Once the article comes back, your in-house team reviews and makes final tweaks before publishing, allowing you to scale content creation without breaking the bank by paying agency prices for every step of the process. According to Metric, Vietnam’s e-commerce market recorded total sales of 227.7 trillion VND in the first nine months of 2024, a 37.66% increase over the same period in 2023. Product volume reached 2.43 million units, up 49.8% from 2023, while the number of active shops fell by about 1% compared to the previous year.

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While many believed it had become a two-horse race between these giants, new players like Temu, Shein, Taobao, and 1688 have recently entered. Temu, in particular, has made waves with its ultra-low pricing strategy directly from Chinese manufacturers, paired with numerous promotions and affiliate marketing campaigns. Developers can choose to expose certain design elements and components from their storefront’s theme to users of ChatGPT the admin dashboard, allowing virtually anybody to make changes to the design. This ensures that designers (and merchandisers) aren’t eating development resources. Although, themes in the Shopify Theme Store are normally fully customisable, so having a developer isn’t a requirement. “Consistency in product quality and proper brand-building can help local businesses survive and grow in the face of competition,” Trung added.

The $7 CAD per month Starter plan lets you sell through social media and messaging apps without your own dedicated website, and does not include an online store. Of all the ecommerce platforms, Shopify no doubt has the best app store being the first ecommerce platform to exist. You can install apps to introduce live chat, product reviews, SMS and (smarter) email marketing, social widgets, dropshipping, print-on-demand, and much, much more to your Shopify storefront.

Superior Customer Care Service

Sellers who are just getting started or whose primary business is in information and just happen to sell products on the side. The country’s long-awaited Online Safety Code sets up binding rules for large online platforms to better protect users, including children. Temu, with 92 million monthly users in the EU, was designated as a very large online platform (VLOP) in May, forcing it to comply with more stringent rules and face direct scrutiny from the Commission. A preliminary analysis found that ecommerce chatbot platform Temu may fail to crack down on noncompliant products and address risks linked to its platform’s addictive design, such as reward programs, while falling short of transparency obligations. Consumer associations have identified numerous non-compliant, and sometimes dangerous, products available on the platform. They have, for example, spotted items whose instructions are only available in Chinese, cosmetics without a list of ingredients, or baby toys with small parts that are too easily detachable.

Make sure the platform you choose offers features such as product variants, inventory management, product reviews and more. WooCommerce is a plugin that enables you to transform a WordPress website into an online store. Its basic version is available for free, but it is highly customizable with its large array of extensions.

Roundup: Türkiye expects record e-commerce sales from upcoming shopping spree

Its highest-tiered plan allows for multichannel inventory and doubles the SSD storage. So when you are building out a team, it’s about finding people who can wear multiple hats right out of the gate and then strategically building out from there. First launched in the U.S. in September 2022, Temu now operates in 82 countries and regions and quickly rose to the top of e-commerce platforms in many markets. In the first half of this year, its gross merchandise value (GMV) reached $20 billion, surpassing the $18 billion recorded in 2023. Temu has even overtaken eBay to become the second most-visited e-commerce site globally. Newer categories such as home and kitchen appliances saw traction on quick commerce platforms, helping the platforms boost their average order values and profitability.

• Paid plans start at $36 CAD per month (billed annually) and include a free domain name for a year, no ads and sellers can upload custom fonts.
• A year and a half after its launch, the platform boasts 92 million monthly users, far exceeding the 45 million monthly user threshold required to be considered a “very large platform” under European law.
• The two Vietnamese platforms, Sendo (by FPT) and Vo So (by Viettel), initially showed promise thanks to backing from major Vietnamese tech companies.
• It offers the key features online retailers need, such as order management and inventory tracking.

Providing videos, reviews and interactive content about a product can make it more marketable in the online world. A study performed by First Insight found consumers of all ages are expecting companies to uphold more sustainable practices. Transitioning your company to a greener business model and aligning the values of the company with today’s consumers will increase sales potential and help you form a loyal customer base. One way to show you’re holding your company accountable is to apply for B-Corp status and pursue other certifications relevant to your industry such as organic certification, free trade certification and more. Running your e-commerce store shouldn’t cost you more than what you make, so we excluded platforms with exorbitant fees or prohibitive monthly pricing.

What Is an E-Commerce Platform?

You can foun additiona information about ai customer service and artificial intelligence and NLP. Of course, with so many good options on the market, choosing the right system for your needs can be challenging. Or, perhaps you have a brick-and-mortar store but want to branch online—you need a platform with POS capabilities, so inventory automatically syncs no matter where the purchase is made. Aside from necessary features, you should also consider your budget, how easy it is to use, whether you need multichannel selling and if the platform includes an SSL certificate.

And that’s a single person contributing across multiple channels, which drives consistency in your brand voice and cuts down on costs since you’re not farming those tasks out to different specialists. Customers can customize and view items in their own space, improving confidence in purchase decisions. Its seamless integration into e-commerce platforms enhances convenience and trust.

Types of E-Commerce Platforms: Self-Hosted vs. Cloud-Based

They can also edit their dynamic parts, such as turning a left-image/right-text component into a left-text/right-image component as your theme/developer/design system allows. The competition between domestic and international eCommerce businesses will undoubtedly intensify in the coming years. Building a strong “Made in Vietnam” brand on eCommerce platforms will help enhance the value of Vietnamese products, creating a competitive edge over goods from other countries. Cross-border eCommerce is no longer a novel concept, and many Vietnamese businesses have successfully tapped into this channel, particularly in developed markets such as the United States, Europe, and Japan.

This is one of the main grievances of the Commission, which was alerted very early on by consumer associations and national authorities. In April 2023, Temu caught the attention of the authorities as soon as it arrived in Europe, making its mark with low prices and a considerable marketing expenditure. A year and a half after its launch, the platform boasts 92 million monthly users, far ChatGPT App exceeding the 45 million monthly user threshold required to be considered a “very large platform” under European law. It implies direct supervision by the European Commission, which now has the power to monitor, in conjunction with member states’ authorities, the application of European law. An excellent e-commerce tool or service I often look for is status updates on delivery items.

E-commerce platforms see over Rs 1 lakh crore worth sales in India festive season

Kathy Haan, MBA is a former financial advisor-turned-writer and business coach. When she’s not trying out the latest tech or travel blogging with her family, you can find her curling up with a good novel. There are a number of great page builder plugins available on WordPress that can transform the generic page and post editor into a drag-and-drop editor. The best solutions that are user-friendly, affordable and top-rated include Elementor, Beaver Builder and WPBakery. We’ve compiled some notable e-commerce trends in 2023 to help you and your business leverage your online presence for profit.

Alternatively, you can use WordPress with a WooCommerce plugin or Ecwid plugin. It has a drag-and-drop page builder so you don’t need a developer, and it’ll integrate with all the other Adobe products, making it ideal for advanced personalization. These other products include Experience Manager, Analytics and Real-Time CDP. BigCommerce is best for online retailers that are looking to utilize built-in sales and marketing tools to more effectively foster leads and increase sales.

Moreover, while international businesses can easily expand globally due to their infrastructure and partner networks, Vietnamese companies often face challenges in scaling regionally or internationally due to limited resources. Temu, for instance, offers attractive discounts, free shipping, and promotional codes for buyers across Vietnam, while 1688 has fully localised its transactions, making it easier for Vietnamese customers to shop without language barriers. Domestic businesses are not only at risk of losing market share but also face stiff competition in terms of pricing, technology, and logistics. As the world of e-commerce evolves, the importance of providing engaging product representation only grows. Before committing to a purchase, consumers increasingly seem to want to explore a product in-depth.