{"id":184979,"date":"2018-10-10T04:29:33","date_gmt":"2018-10-10T08:29:33","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=184979"},"modified":"2018-10-10T04:29:33","modified_gmt":"2018-10-10T08:29:33","slug":"zalora-sees-bright-prospects-ph-market","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2018\/10\/10\/zalora-sees-bright-prospects-ph-market\/","title":{"rendered":"Zalora sees bright prospects for PH market"},"content":{"rendered":"<figure id=\"attachment_22145\" aria-describedby=\"caption-attachment-22145\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/08\/shutterstock_140850265.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-22145\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/08\/shutterstock_140850265.jpg\" alt=\"\" width=\"1000\" height=\"667\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/08\/shutterstock_140850265.jpg 1000w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/08\/shutterstock_140850265-300x200.jpg 300w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><figcaption id=\"caption-attachment-22145\" class=\"wp-caption-text\">He also mentioned that the bulk of the online orders in the Philippines came from emerging second and third-tier cities. (Shutterstock)<\/figcaption><\/figure>\n<p><strong>MANILA<\/strong>\u00a0&#8212; An executive from online fashion retailer Zalora has expressed optimism in the Philippine market amid robust e-commerce activities taking place in the digital-savvy country.<\/p>\n<p>Trade Secretary Ramon Lopez met with Zalora co-founder Christoph Barchewitz during the economic cluster\u2019s London Roadshow last month, wherein they discussed the online retailer\u2019s prospects in the country.<\/p>\n<p>\u201cWe know it\u2019s a long-term horizon,\u201d Barchewitz told Lopez.<\/p>\n<p>He also mentioned that the bulk of the online orders in the Philippines came from emerging second and third-tier cities.<\/p>\n<p>\u201c[M]ajority of our orders come from outside Metro Manila, which reflects the faster economic growth happening in the regions,\u201d he added.<\/p>\n<p>On the other hand, Lopez affirmed the bright prospects for online retail platforms like Zalora in the Philippines with the rising income here, as well as its tech-savvy and young population.<\/p>\n<p>\u201cThe robust Philippine economy under the Duterte administration leads to a growing middle class that has greater purchasing power. The generally young population is also tech-savvy. This provides the perfect market for Zalora\u2019s brand and its e-commerce business model,\u201d he noted.<\/p>\n<p>Meanwhile, e-commerce aggregator iPrice Group reported that international players have driven the online market activity in the Philippines.<\/p>\n<p>Its report showed that Lazada, Shopee, Zalora, and eBay were the most visited e-marketplaces in the Philippines in the second quarter of the year.<\/p>\n<p>\u201cThe rationale behind the dominance of the international players in PH e-marketplace is because Filipinos\u2019 online shopping preference is mainly based on brand familiarity,\u201d the iPrice Group report read.<\/p>\n<p>It added that the partnerships of giant mall operators in the country such as SM and Ayala with these leading online retailers amplify the dominance here of these international e-commerce players.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA\u00a0&#8212; An executive from online fashion retailer Zalora has expressed optimism in the Philippine market amid robust e-commerce activities taking &hellip;<\/p>\n","protected":false},"author":44,"featured_media":22145,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-184979","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","mauthors-kris-crismundo","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/184979","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=184979"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/184979\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/22145"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=184979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=184979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=184979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}