YesAsia

Last updated
YesAsia.com, Inc.
Logo von YesAsia.gif
Type of business Private
Type of site
E-commerce
Available in English, Chinese, Japanese, Korean
Founded1998
Headquarters Hong Kong, Japan, South Korea, United States
Area servedWorldwide
Founder(s) Joshua K. Lau, Priscilla Chu
IndustryOnline retail, B2C
Products DVDs, music, books, electronics & gadgets, video games
URL www.yesasia.com

YesAsia (formerly AsiaCD) is an online retail company founded in 1998 that sells Asian entertainment products worldwide. After initially focusing on CD and video retailing, it has expanded into other entertainment and hobby products such as manga, video games and consoles, electronics and toys. [1]

Contents

Its website includes Asian entertainment news, music and film reviews, and pop charts from Hong Kong, Taiwan, Korea and Japan. [1]

Since 2006, it has continually been listed in Internet Retailer's Top 500 e-commerce websites. [2]

History

YesAsia was founded in 1998 as AsiaCD by Joshua K. Lau and Priscilla Chu in San Francisco, California. The company later moved its headquarters and fulfillment center to Hong Kong to better facilitate logistics handling of the Asian entertainment products carried by the website. [3] It has regional offices in Tokyo and Seoul. [1]

In 2001, YesAsia formed a strategic alliance with EMI to sell the latter's Asian media products in North America. [1] It also has partnerships with Sony Music Entertainment, Universal Music, Warner Music, and Japan-based Avex Group. [4] In the same year, it acquired Angel Pop, an online competitor that sold Korean products. [5]

In 2003, it gained market share in Hong Kong faster than its internet rivals such as Amazon when online shopping grew in popularity during the SARS outbreak. [6] Because of its specialized niche in entertainment products, YesAsia managed to grow in the U.S. market even when other Asian online retailers crashed after the dot-com meltdown. In 2004 it had about $13 million in U.S. online sales, which was 50% higher than its sales in 2003. [3]

YesStyle, its sister website YesStyle logo.png
YesStyle, its sister website

In 2006, it expanded into Asian fashion apparel products sourced from Korea, Japan, China, Taiwan, and Hong Kong by opening fashion e-commerce retail website, YesStyle. [7] The new division achieved 800,000 visits and sales of $512,000 in its first six months. [8] It sells apparel, jewelry, accessories, bags, beauty and other fashion products, targeting men and women aged 18 to 35. [9] One year after its establishment, it added a children and babies section in its product offerings. In 2009 the first YesStyle Store was opened in Stonestown Galleria in San Francisco. [10]

YesAsia was one of Internet Retailer's Top 50 "Best of the Web" retail sites for 2007. [11] The reviewer found that YesAsia was set apart by "its ability to create a sense of Asian community not only in its catalog of products but in its look and feel." [12]

In 2010, YesAsia formed an official partnership with the Korean entertainment news website Allkpop. [13]

As of 2011 it is listed as number 295 in Internet Retailer's Top 500 B2C websites, with annual online sales of $34,933,000, and growth in 2010 of 26.9%. [2]

In May 2022, YesStyle joined together with Geek+ to create its first Smart Warehouse in Hong Kong [14]

Related Research Articles

<span class="mw-page-title-main">Inditex</span> Spanish multinational clothing company

Industria de Diseño Textil, S.A. is a Spanish multinational clothing company headquartered in Arteixo, Galicia, Spain. Inditex, the biggest fast fashion group in the world, operates over 7,200 stores in 93 markets worldwide. The company's flagship brand is Zara, but it also owns a number of other brands such as Zara Home, Bershka, Massimo Dutti, Oysho, Pull&Bear, Stradivarius, Uterqüe and Lefties. The majority of its stores are corporate-owned, while franchises are mainly conceded in countries where corporate properties cannot be foreign-owned.

<span class="mw-page-title-main">Zara (retailer)</span> Spanish multinational fast-fashion company

ZARA is a Spanish multinational fast-fashion company. It sells clothing, accessories, beauty products and perfumes. The head office is located at Arteixo in the province of A Coruña, Galicia. It is the largest constituent company of the Inditex group. In 2020, it was launching over twenty new product lines per year.

<span class="mw-page-title-main">PLBY Group</span> US global media and lifestyle company

PLBY Group, Inc. is an American global media and lifestyle company founded by Hugh Hefner as Playboy Enterprises, Inc. to oversee the Playboy magazine and related assets. Its headquarters are in Los Angeles, California.

<span class="mw-page-title-main">Fairchild Group</span> Canadian business conglomerate

The Fairchild Group is a Canadian business conglomerate headquartered in Vancouver, British Columbia, Canada. Fairchild Group operates various media properties under the Fairchild Media Group name. Fairchild currently operates the Cantonese channel Fairchild TV, Cantonese & Mandarin radio network Fairchild Radio, and Mandarin channel Talentvision. Fairchild Group is also involved in film production, real estate development, retail, telecommunications and wholesale trade.

Lane Crawford (HK) Limited is a retail company founded in 1850 operating specialist department stores selling luxury goods in Hong Kong and Mainland China. It is headquartered in One Island South, Wong Chuk Hang.

Forever 21 is a multinational fast-fashion retailer headquartered in Los Angeles, California, United States. Originally founded as the store Fashion 21 in Highland Park, Los Angeles in 1984, it is currently operated by Authentic Brands Group and Simon Property Group, with about 540 outlets.

<span class="mw-page-title-main">Moosejaw</span> Online and brick and mortar retailer specializing in outdoor recreation apparel

Moosejaw.com is an online and brick and mortar retailer specializing in outdoor recreation apparel and gear for snowboarding, rock climbing, hiking, and camping. The company was founded in 1992 by Robert Wolfe and David Jaffe, two longtime friends who chose to sell camping equipment instead of becoming wilderness guides. Moosejaw is known for its nonsensical marketing called "Moosejaw Madness".

<span class="mw-page-title-main">Sierra (retailer)</span> American off-price retailer

Sierra Trading Post, Inc., doing business as Sierra, is an online and brick-and-mortar retailer of off-price merchandise operated by the TJX Companies. The Framingham, Massachusetts–based company offers products in categories such as outdoor recreation, fitness and adventure gear, and apparel, along with footwear, clothing, and home decor. Sierra sells merchandise through 78 retail stores as of November 2022 and a company website. It carries products from approximately 3,000 name-brand manufacturers.

<span class="mw-page-title-main">F.T. Island</span> South Korean band

F.T. Island, is a South Korean rock band formed by FNC Entertainment in 2007. The band currently consists of main vocalist Lee Hong-gi, bassist Lee Jae-jin, and drummer Choi Min-hwan. Guitarist Oh Won-bin left the band in 2009 and was replaced by Song Seung-hyun. Former leader Choi Jong-hoon left the band and retired from the entertainment industry on March 14, 2019, while Seung-hyun left the group on December 31, 2019, to pursue his acting career.

YOOX Net-a-Porter Group S.p.A. is an Italian online fashion retailer created on 5 October 2015 after the merger between Yoox Group and Net-a-porter Group (NAP).

Underneath.com was an online lingerie and men's underwear portal based in Atlanta, Georgia. It was the first pure-play online retailer of brand name intimate apparel and men's underwear. The online portal was founded in 1997 and was owned by Jeffrey Taylor Johnson, Michael Waters, and Michael Carter. Underneath.com originally sold undergarments online and then transitioned to an undergarment shopping comparison website. It is no longer an active site. After it transitioned from selling directly to consumers, consumers used it to make informed shopping decisions when comparing underwear products from different online retailers.

<span class="mw-page-title-main">Kellwood Company</span>

Kellwood Apparel is an American apparel manufacturer. Founded in 1961, Kellwood's portfolio of Women's, Juniors and Girls apparel includes: Parker, Devlin, Briggs NY, Democracy, Jax, Rewind and My Michelle, as well as licensed brands. Kellwood became an affiliated company of Sun Capital Partners, Inc. in February, 2008. In December 2016, Kellwood company was acquired by an unnamed Hong Kong investor group for an undisclosed amount.

Motorcycle Superstore is an Internet-based retailer of motorcycle riding gear, apparel, parts, and accessories with two retail outlets. Motorcycle Superstore also sells products for scooters, ATVs, snowmobiles, and personal watercraft.

Yepme was an online shopping company headquartered in Gurgaon, Haryana, India. It was established in April 2011. The company specialized in the online retailing of men's and women's garments and accessories. In August 2011, the company positioned itself as a fully-fledged private label fashion brand.

Skins, stylized SKINS, is an Australian manufacturing company founded in 1996 that designs and produces compression garment for athletes and sports enthusiasts. After filing for bankruptcy in 2019, the company was acquired by Hong Kong-based holding Symphony, which owns rights over the "Skins" brand.

Kim Jun-ho is a South Korean singer, who is mainly active in Japan and China, where he is more well known by his stage names JUNO and ZUNO. His younger fraternal twin brother is JYJ-member Junsu. In 2014 he changed his name to Kim Moo-young.

<span class="mw-page-title-main">Reebonz</span>

Reebonz is an online platform for buying and selling luxury products. Members can shop on the web or mobile for new and used luxury merchandise. Visitors are required to log in via Facebook Connect, or register as a member with their email addresses before they can view and buy. Membership is free.

<span class="mw-page-title-main">Clothing industry</span> Industry encompassing the design, manufacturing, wholesaling and retailing of clothes

Clothing industry or garment industry summarizes the types of trade and industry along the production and value chain of clothing and garments, starting with the textile industry, embellishment using embroidery, via the fashion industry to apparel retailers up to trade with second-hand clothes and textile recycling. The producing sectors build upon a wealth of clothing technology some of which, like the loom, the cotton gin, and the sewing machine heralded industrialization not only of the previous textile manufacturing practices. Clothing industries are also known as allied industries, fashion industries, garment industries, or soft goods industries.

<span class="mw-page-title-main">Kim Hyung-jun discography</span>

South Korean singer and the youngest member of SS501, Kim Hyung-jun has released two EPs, 10 singles, ten soundtrack contribution songs, four collaboration songs, and three DVDs.

<span class="mw-page-title-main">MINISO</span> Japanese Inspired Chinese discount variety store chain

MINISO is a Chinese low-cost retailer and variety store chain that specializes in household and consumer goods including cosmetics, stationery, toys, and kitchenware. Its headquarters are in Liwan District, Guangzhou under its Chinese holding company Aiyaya. In 2016, the company's sales revenue reached $1.5 billion. In March 2019, MINISO began a collaboration with Marvel Entertainment to sell its branded products.

References

  1. 1 2 3 4 YesAsia.com, Inc. at Bloomberg BusinessWeek
  2. 1 2 Top 500, Internet Retailer. Retrieved 2011-05-19
  3. 1 2 Why U.S. shoppers are saying yes to YesAsia.com Internet Retailer, 11 July 2005.
  4. YesAsia:Avex Official Collectibles
  5. YesAsia.com Deals with EMI, Acquires AngelPop InternetNews.com, 2 August 2001
  6. Online retail sales boom due to SARS virus, Telecom Paper, 6 May 2003
  7. "YesAsia.com expanding with style". Internet Retailer.
  8. YesStyle.com sews up more than $512,000 in sales for first six months, Internet Retailer, 28 March 2007. Retrieved 2011-05-19.
  9. Peters, K (2009). "Top 500 Guide", Internet Retailer, pg 301.
  10. "YesStyle joins forces with Kollaboration talent show to promote Asian American entertainers". PRLog. 2010-03-08. Retrieved 2011-05-11.
  11. The Internet Retailer Best of the Web Top 50 Retail Sites Internet Retailer, November 29, 2006. Retrieved 2011-05-22.
  12. Computers/Electronics: YesAsia.com, Internet Retailer, November 29, 2006. Retrieved 2011-05-22.
  13. YesAsia.com and allkpop.com become official partner sites, Allkpop, 22 January 2010.
  14. "YesAsia partners with Geek+ for its first Smart Warehouse at Goodman Interlink, Hong Kong" (Press release).