Creative Idea Powerhouse

According to the latest report announced from Yahoo, globally, 95% of Yahoo’s revenues come from advertising, though the online giant sees scope to grow its non-advertising revenues in Asia, based on success the brand has already had in Japan. Revenues from Yahoo’s shopping and auction services have grown 30% so far this year, and it continues to see more upside.

Overall, e-commerce revenue from Hong Kong, Taiwan and Japan makes up around 15% of Yahoo revenues for its Asia region, comprising Greater China, Korea, Japan, Australia and New Zealand, and is expected to increase by 17% next year.

“I took a team to Japan and we learned a great deal about payment infrastructure, fraud prevention,” says Rose Tsou, managing director for Yahoo’s Asia region. “We learned a lot about the commerce space. They also have a different environment that makes mobile and MMS content become so robust. I think that’s another area we’re going to learn from Japan.”

As a minority shareholder in Japan through a venture with Softbank, the company lacks operational control of its business, but this is where Yahoo the brand is making the most headway – also enjoying pole market position with Yahoo Messenger as well as in the search market.

There is no doubt that e-Commerce is going to penetrate heavily into Asia, but will this only happen on current developing countries like China and India, or other countries located in Asia too, such as South East Asia, or Middle East? Looking at over 200mil of Internet users in South East Asia, will that create a substential economic scale of demand market space? It is worth for the current e-commerce operators to think twice

Recently, there is indication from various reports showing the US e-Commerce retailing is slowing down, starting from Q1 Y2009.

Will it rebound during this Christmas season, or it will continue to stay stag, as during last quarter the US unemployment rate has hit the record high of 10.2%, a record since 1980s. Will this impact the current OFW who working in US, and further to impact the remittent from OFW in US back to Philippines during this Christmas? In Y2008, there are total US$14bil coming back from OFW in US, where more than US$5bil during the Christmas season.

On the other hand, there is estimate Php 4bil total online transactions in Philippines e-Commerce industry, with a total of 24 to 28million Internet users in Philippines, and 80% are below age of 30. This industry will be in growing for the next five years, when the estimate Internet users will eventually reach 40mil. It will be a new internet market that can not be neglected, the highly penetrated market for social media and social networking sites, where I personally believe the e-Commerce industry in PH will be in 2 times or 3 times folds by next two years.

Below are the full report from ComScore.

It has never been more excited then seeing a new market in Asia going to rise in next few years, especially in the e-Commerce industry.

In every process of growing an industry, there is always some great success stories behind~! And in past two days, 40 web based companies in Philippines have been awarded for their outstanding success in the Philippines Internet Industry.

As a mover in e-Commerce industry, SMILDS.com Philippines – the Digital Filipino Web Award Sponsors would like to congrats the following winners for taking the leads in shaping the future of Philippines e-Commerce industry. You all rocks!!

Digital Filipino 2009 Web Awards

Here are the winners:

• Apparel / Fashion Category – UkayManila.com – Congrats and I like your site alot~!!! Any chance to be our Fashion Category contributor writer in SMilDS PH ?
• Art Category – Pinoybiswalstyle – Alot of creativity n time … great one~!
• Association / Organization Category – National Council on Disability Affairs - Thanks for the great efforts to make this world a better place to live
• Auction / Shopping Portal Category – Auction.ph – I love auction always~!
• Automotive Category – AutoIndustriya – Cool site, hmm..
• Beauty Category – VMV Hypoallergenics – Can any women out there miss this site?? Great place to shopz..
• Blog – Corporate Category – Nuffnang Philippines – Hmm.. Eric, I can offer my SMilDS VISA Card to your company to pay your blogger… hahaa
• Blog – Personal Category – Flair Candy – woow… jus informative n interesting, should spend sometime there!~!
• Blog – Professional Category – New Media Philippines – Carlo the best~!! Cheers~
• Books Category – OMF Literature  – A great place for book lover…
• Community Category – Cebu Bloggers Society and Proudly Filipina  – Love Cebu… and always the Mango there..
• Computer / Consumer Electronics Category – Villman Computers Philippines  – The Online version of PC Mag.. or even better… cant deny that Pinoy is really good in writing n blogging…
• Corporate / Professional Category – LevelUp!  – Great gaming info site… too bad i quit game long ago..
• Events / Conferences Category – Philippine Blog Awards – Hmm… hmm…. interesting to learn something here…
• Food Category – Patay Gutom – Haha.. make me wonder why the editor not as big size as me… Whats yr secret to talk about food and yet still keep good body shape huh?
• Games Category – My Brute Cheats – Jus cant neglect this altho im not a gamer… but will love to have you write about our game section one day…
• Gifts Category – Gifts2Pinas – Hmm… wanna sell @ SMilDS?? Hmm… will give you a free account to try out
• Government – Official Website of Zamboanga City – Interesting site!!
• Guides / Review Category – Spot.ph – I love the domain name… cool!
• Jobs / Employment Category – MyNimo – Hmmm… well… Nimo in employment..
• Magazine Category – PC World Philippines – Can’t compete… jus pro!
• Music / Movie/ Film Category – TitikPilipino – Haha…  alot of infor in yr site@!
• Newspaper Category – Inquirer.net – Big brother..
• Politics Category – Filipino Voices – Hmm… im out from Politics ..
• Real Estate Category – CDORealEstate.com – Will only come here when I finally decide to move to PH.. maybe
• Restaurant – Centerstage Family KTV and Resto Bar – Interesting~!
• School / University Category – De La Salle University – Manila – Who else, like Janet mentioned…
• Social Networking Category – Noypf Pinoy Social Network – Woow woow…. cool~!
• Telecoms / Value Added Services Category – Smart Communications – Yeap, Im on SMART too…
• Tourism Category – Experience Philippines – I wonder, if I really have a chance to experience PH… why everytime Im at PH I just busy all the time..??
• Travel Category – Pasyalera - Cool one~!

Me and both of my beloving partners and brothers, Edward & Edgar, where we formed 3E… ?! during the Digital Filipino e-Commerce Summit…

Once again, congrats to all the winners… and soon I will post up my own learning throughout these two days, and pretty interesting one~!!! As summary, if Filipino think e-Commerce is great, talk great about it… and start to go out and influence the 24 millions pinoy out there.. start to influence them to go online and buy something today… and next year Christmas will never be a same again~!