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  • Moxii Round Up - October 16, 2023

Moxii Round Up - October 16, 2023

It’s Monday! We have some news about AngelKart, who uses their own AI to make shopping a seamless conversation along with more news from TikTok shop, who could face more bans in Southeast Asia.

What AngelKart does differently from other platforms

🛒 AngelKart is an ecommerce startup from India that aims to give the lowest commission fee in its market.

Some of the things that makes it unique is:

The company also plans on creating grievance offices in different cities.

Malaysia could follow in banning TikTok Shop

⚖️ Ban hammer: Indonesia was the first country in Southeast Asia to ban TikTok’s shop, a massive blow for the company where 113 million of its users live. The ban was to prevent ecommerce transactions in an effort to protect MSMEs and protect user data.

⏩️Trendsetter: Malaysia could soon follow with their own ban citing predatory pricing and data privacy, similar to Indonesia’s reason. Li Jianggan, CEO of research firm Momentum Works, also believes that any seller hurt by social commerce are likely to push for bans against TikTok shop too.

Generative AI in ecommerce

Generative AI has taken the world by storm after the explosion of ChatGPT in the first half of 2023. What does this mean for the ecommerce landscape?

  1. 📱 Personalized Recommendations - by analyzing our buying patterns and demographic infos. (better recommendations means better sales)

  2. ⭐️ Product Development - where new products and designs are created based on reviews and social preferences

  3. 🗨️ eConversational Commerce - similar to AngelKart where chatbots can tell the best things to buy according to our conversations.

  4. 🪞 Visual Options - like virtual try on and search that can use augmented reality for a more fun shopping experience.

  5. 🔎 Fraud Detection - where payment fraud and account takeovers can be identified with AI

📰 What you’re missing out on:

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