Look out, Amazon. Asia-based companies like Coupang are leading the next e-commerce revolution

[Source photo: Bonnielou2013/Wikimedia Commons; Evgeny Ostroushko/iStock]]

“I expect we’ll see more e-commerce companies integrating with social media platforms to make it easier for small merchants to sell their wares without having to build a website or digital storefront. A great example close to home is a new feature from Shopify that adds shopping functions to Facebook and Instagram pages. Look for future marriages of e-commerce tools with social platforms such as Facebook and Bytedance’s TikTok. The upshot is a future in which every social post becomes an opportunity to make a sale. It’s not e-commerce, it’s ‘AllCommerce.’”

https://www.fastcompany.com/90614066/look-out-amazon-asia-based-companies-like-coupang-are-leading-the-next-e-commerce-revolution

Coupang Gets $2B Investment From SoftBank’s Vision Fund – PYMNTS.com

“Coupang, the South Korean eCommerce company, is getting a $2 billion investment from SoftBank’s Vision Fund, which will provide it with the money to speed up development of delivery and shopping services.

According to a report in Bloomberg, citing people familiar with the matter, the eCommerce company has a post-money valuation of $9 billion. SoftBank invested $1 billion in Coupang back in 2015, valuing the company at $5 billion the time.”

https://www.pymnts.com/news/investment-tracker/2018/coupang-funding-softbank-vision-fund-south-korea/