e-commerce

Homegrown shopping site VeMeBro will be using “speed” in delivery to break the virtually duopoly controlled by industry giants Lazada and Shopee over the country’s booming e-commerce industry.

A study funded by the Asian Development Bank and conducted by state think tank Philippine Institute for Development Studies (PIDS) said regulatory frameworks must be in place to ensure that consumers are protected in the platform economy.

Shoppers spent a total of more than 420 million minutes on the platform, while consumers also launched the app an average of 7 times per day, which is twice compared to a normal day.

As part of this year’s 12.12 sale, 12 lucky contestants will stand a chance to win the grand prize of P1.2 million cash prize.

E-commerce platform Shopee is wrapping up the year-end sales season and marking its 5th birthday by launching its annual 12.12 Big Christmas Sale.

A recent online survey conducted by online payment firm PayPal revealed that 87% of Filipinos who were polled have increased their usage of digital payments during the pandemic, and 9 in 10 preferred to digital payments over cash during this time.

The quarantine and social distancing guidelines have brought about a steep decline in foot traffic and frequency in visiting malls.

Through an open letter, over 150 diverse groups called on online shopping sites to take concrete steps to cut their packaging footprint as the country and whole world grapple with increasing plastic waste and pollution crisis.

Shopee said it sold 1.6 million items were sold in an hour in Metro Manila at the peak of November 11.

The study revealed that 40 million people came online for the first time this year, bringing the total number of Internet users in Southeast Asia to 400 million.