#Asia In Thailand, how does Lazada compare to five of its competitors?

//

With many e-commerce options Thailand, but we dove into some data points for six of them to compare and contrast

Bangkok FINAL

Since the alliance of Southeast Asian countries a few years ago, the huge domestic demands in these emerging markets has caught the attention from all over the world.

This phenomenon has been compounded by the increase in mobile penetration and an addiction to social networks such as Facebook and Instagram. Southeast Asia, nowadays, is absolutely no longer as undeveloped previous stereotypical prejudices. 

One of the biggest benefactors recently has been the e-commerce industry and one of the largest countries in the region is Thailand.

While, there are a great number of e-commerce platforms in Thailand, we chose six companies to be our pinpoint for an in-depth investigation.

Hopefully the data is helpful and offers further insights to assist e-commerce players and readers better understand future growth directions.

Also Read: A union of two giants: Leading Philippines retail developer teams up with Lazada

Most of the companies are listed as top ten websites on SimilarWeb. By looking into the data, we are trying to better understand their strategies implemented in Southeast Asia and deduce the survival model for e-commerce players in Thailand.

Source : SimilarWeb ; Sorted by RTB-SEA

Source : SimilarWeb ; Sorted by RTB-SEA

To begin with, let’s get started with Lazada, a Rocket Internet-backed startup. This brand should be extremely familiar to most readers because of the astonishing media coverage it enjoys.   

Unsurprisingly, the total visit stats amount to 25 million, the highest number among six companies.

Also, the bounce rate is fairly good as compared with the other five companies. However, when we move on to ‘time spent on the website’ and page numbers browsed by user, the performance of Lazada falls below expectations.

In addition, the same phenomenon coincidentally happens on Facebook. Ladaza has the most fans on its Facebook page while, at the same time, the engagement rate is only 0.33 percent.

This reflects the same adverse situation in its official website, suggesting there is room for improvements in the maintenance of customer loyalty and brand awareness.

Source : SimilarWeb ; Sorted by RTB-SEA
Most notably, as we take a look at the graph of ‘Percentage of Traffic Source’, it discloses more insights to a companies strategies.

In contrast to the other five companies, the percentage of Lazada ‘Display Ad’ and ‘Referral’ go up to 19.04 and 29.85 respectively.

Also Read: Mobile commerce dominates in Lazada and Zalora sales campaigns

It implies the budget allocation into online marketing campaign occupy most of its traffic source. Moreover, the scarce number of organic search is evidence as well. As a result, by this data alone, one can catch a glimpse at the strategy being implemented by Lazada.

Source : SimilarWeb ; Sorted by RTB-SEA
On the other hand, the second player, Kaidee, is doing relatively well as compared to the performance of Lazada.

Although there is a huge gap between the total visits — nearly half — between the top-two brands, it is obvious its internet users are more willing to embrace the design and the information provided by Kaidee.

Apart from that, the low Bounce Rate along with higher Time On Site and excellent Page Views verifies our speculation. In other words, Kaidee customers appear more loyal which can lead to them spending more money

Let’s turn to the Percentage of Traffic Source. It clearly explains our earlier assumption by showing an outstanding number in Direct and Organic Search, which trumps Lazada by over 32.4 percent.

Also Read: PropertyGuru names Malcolm Fitzgerald as CPTO; ex-CTO Ifor Evans joins Lazada

However, on Facebook low Engagement Rate shows Kaidee does not make enough effort in social marketing. Poor and unoriginal content could play a decisive role. 

Now, it must be noted this is based on the limited access to data available SimilarWeb, but, I believe the sorted and graphed information is helpful for brand comparison.

Note: The data came from SimilarWeb is only based on desktop.  There may be difference if one include the mobile-based data.

 

Facebook Page : http://ift.tt/1pQbh73

The post In Thailand, how does Lazada compare to five of its competitors? appeared first on e27.

from e27 http://ift.tt/1TnlNyA

This entry was posted in #Asia by Startup365. Bookmark the permalink.

About Startup365

Chaque jour nous vous présenterons une nouvelle Startup française ! Notre pays regorge de talents et d'entrepreneurs brillants ! Alors partons à la découverte des meilleures startup françaises ! Certaines d'entre elles sont dans une étape essentielle dans la vie d'une startup : la recherche de financement, notamment par le financement participatif (ou crowdfunding en anglais). Alors participez à cette grande aventure en leur faisant une petite donation ! Les startups françaises ont besoin de vous !