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Latest Reports Online Shopping
Based on a recent survey conducted by Google, online transactions in Indonesia continue to rise (particularly the purchase of goods through mobile gadgets) despite the nation’s economic slowdown and weak rupiah (which makes imported products more expensive). Henky Prihatna, Google’s Country Head for Indonesia, said the survey shows that Indonesian consumers are increasingly using Internet to purchase consumer goods.
Before allowed to operate, online businesses in Indonesia will be required to register and secure permits in an effort to enhance supervision on online trading according to a new government draft regulation. The draft, which is currently being discussed by the Indonesian Trade Ministry, the Communication and Information Ministry, and the Law and Human Rights Ministry, is expected to be issued before February 2016. Foreign businesses engaged in online trading activities in Indonesia will also be required to register and obtain necessary permits.
eBay Inc, a US-based global commerce platform and digital payments leader, plans to raise its stake in Indonesian e-commerce firm Metra Plasa from 40 percent to 49 percent. Currently, 60 percent of Metra Plasa is owned by Indonesia's largest telecommunication and network provider Telekomunikasi Indonesia (Telkom). Telkom’s stake will thus decline to 51 percent. In 2012, eBay and Telkom (through Telkom’s subsidiary Multimedia Nusantara) established a joint venture to operate Metra Plasa.
Indonesia's e-commerce industry (online shopping) is expected to continue its rapid growth in the years ahead as more and more Indonesians have access to Internet amid the country's rising per capita GDP (resulting in a rapidly expanding middle class). Indonesians' purchasing power has expanded quickly and in combination with the popularity of the smartphone, people are increasingly purchasing consumer goods online. This was one of the conclusions drawn in an online business insight discussion organized by Google and Blibli.com in Jakarta.
Latest Columns Online Shopping
E-commerce – which refers to the activity of electronically buying (or selling) products through online services or over the Internet – has been developing rapidly in Indonesia over the past decade. More and more Indonesians have started to shop online, forcing many offline retail players to adapt and innovate their business models in order to survive in this new and challenging environment where two newcomers, both tech startups and both e-commerce platforms, have developed into a unicorn (Tokopedia and Bukalapak) which is a startup that is valued above USD $1 billion.
It came as a big surprise to us. Only three days before the new and somewhat controversial e-commerce tax regulation would come into effect, Indonesia’s Finance Ministry decided to delay its execution.
After the closing of several Ramayana Department Stores and Matahari Department Stores, as well as the (planned) closing of all remaining Lotus Department Stores (per 26 October 2017) in Indonesia, Indonesia's conventional department store industry needs to come up with a new strategy or shopping concept to survive amid increasingly fierce competition from domestic and global e-commerce platforms.
Rumors are that China's e-commerce giant Alibaba Group Holding Ltd is interested to expand its business in Indonesia, attracted by the nation's per capita GDP growth as well as rising smartphone and Internet penetration. Alibaba may invest in Indonesian online shopping facilitator Tokopedia. Tokopedia, established in 2009 by William Tanuwijaya and Leontinus Alpha Edison, is one of Indonesia's biggest online marketplaces.
A new study conducted by the Better Than Cash Alliance, a partnership consisting of governments, companies, and international organizations, shows Indonesia has now become the world's fastest-growing mobile-commerce market (m-commerce). Growth of online shopping in Southeast Asia's largest economy is attributed to the rising spending power of Indonesia's middle class as well as expanding Internet and smartphone penetration. According to the study, Indonesia's m-commerce market surged 155 percent in 2016.
The USD $1 billion acquisition of Southeast Asia-based e-commerce platform Lazada Group SA by China's e-commerce giant Alibaba Group Holding Ltd may give rise to a larger flow of Chinese products into Indonesia. Lazada is an e-commerce platform that operates in Indonesia, Malaysia, the Philippines, Thailand and Vietnam. Southeast Asia is an interesting market for Alibaba as only 3 percent of retail sales are conducted online in this region, implying huge growth opportunities. Meanwhile, Alibaba has been eager to expand abroad as growth in China has been slowing.
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