YesAsia

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. It has regional offices in Tokyo and Seoul.

In 2001, YesAsia formed a strategic alliance with EMI to sell the latter's Asian media products in North America. In the same year, it acquired Angel Pop, an online competitor that sold Korean products.

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. 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.

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. The new division achieved 800,000 visits and sales of $512,000 in its first six months. It sells apparel, jewelry, accessories, bags, beauty and other fashion products, targeting men and women aged 18 to 35. 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.

YesAsia was one of Internet Retailer's Top 50 "Best of the Web" retail sites for 2007. 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."

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

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%.

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

References

References

1. [http://www.internetretailer.com/2005/07/11/why-u-s-shoppers-are-saying-yes-to-yesasia-com Why U.S. shoppers are saying yes to YesAsia.com] ''Internet Retailer'', 11 July 2005.
2. [https://web.archive.org/web/20091101155307/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=113831 YesAsia.com, Inc.] at ''Bloomberg BusinessWeek''
3. It also has partnerships with [[Sony Music Entertainment]], [[Universal Music Group. Universal Music]], [[Warner Music Group. Warner Music]], and Japan-based [[Avex Group]].[http://www.yesasia.com/global/en/avex-official-collectibles.html YesAsia:Avex Official Collectibles]
4. [http://www.internetnews.com/bus-news/article.php/859171/YesAsiacom+Deals+With+EMI+Acquires+AngelPop.htm YesAsia.com Deals with EMI, Acquires AngelPop] ''InternetNews.com'', 2 August 2001
5. [http://www.telecompaper.com/news/online-retail-sales-boom-due-to-sars-virus Online retail sales boom due to SARS virus], Telecom Paper, 6 May 2003
6. "YesAsia.com expanding with style". Internet Retailer.
7. [http://www.internetretailer.com/2007/03/28/yesstyle-com-sews-up-more-than-512-000-in-sales-for-first-six-m YesStyle.com sews up more than $512,000 in sales for first six months], ''Internet Retailer'', 28 March 2007. Retrieved 2011-05-19.
8. Peters, K (2009). "Top 500 Guide", Internet Retailer, pg 301.
9. (2010-03-08). "YesStyle joins forces with Kollaboration talent show to promote Asian American entertainers". PRLog.
10. [http://www.internetretailer.com/2006/11/29/the-internet-retailer-best-of-the-web-top-50-retail-sites The Internet Retailer Best of the Web Top 50 Retail Sites] ''Internet Retailer'', November 29, 2006. Retrieved 2011-05-22.
11. link. (2012-04-06 , ''Internet Retailer'', November 29, 2006. Retrieved 2011-05-22.)
12. [http://www.allkpop.com/2010/01/yesasiacom-and-allkpopcom-become-official-partner-sites YesAsia.com and allkpop.com become official partner sites], Allkpop, 22 January 2010.
13. [http://www.internetretailer.com/top500/profiles/YesAsia-Holdings-Ltd/#YesAsia-Holdings-Ltd Top 500], ''Internet Retailer''. Retrieved 2011-05-19
14. "YesAsia partners with Geek+ for its first Smart Warehouse at Goodman Interlink, Hong Kong".