Ending weeks of back and forth, Walmart confirmed it is making a $16 billion investment in Indian ecommerce marketplace Flipkart, giving it a 77% stake, increasing its presence in the rapidly growing market and edging out a bid from rival Amazon.
Five major U.S. retailers who sell on Alibaba’s Tmall marketplace have reportedly run into headwinds when they refuse to sign exclusive agreements with the Chinese ecommerce giant. See what this dustup means for the parties involved, and how rival JD.com has been making hay over merchant issues with Alibaba.
Wayfair is taking on Amazon and Alibaba with its own one-day shopping event called Way Day, promising Black Friday-like deals on home furnishings, décor and home improvement items on April 25. Other perks of the day include free shipping on all orders. Here is what led to Wayfair’s launch of the event.
Cross-border shipping times are a big deal and can heavily influence the conversion rate on your ecommerce website. But depending on your product line, it is possible to minimize their impact. Here are some tips to follow to improve your operations and keep customers happy.
Alibaba Group Holding Ltd. is investing $2.9 billion in China’s largest “hyper-market” or superstore company, Sun Art Retail Group, in a move there against Walmart and its partnership with Alibaba rival JD.com. This is yet another chapter in the growing “clicks-to-bricks” trend, including Amazon’s Whole Foods acquisition.
Continuing to dwarf U.S. sales holidays and Prime Day, Alibaba’s Singles Day pulled in a record 168.2 billion yuan ($25.3 billion) in gross merchandise value (GMV) settled through the Alipay platform, up 39% from 120.7 billion yuan ($17.8 billion) in 2016. See what other staggering stats and figures came out of Singles Day.
While Alibaba has its huge 11.11 shopping festival – aka Singles Day – which dwarfs Black Friday and Cyber Monday, rival JD.com and partner Walmart are weighing in with 8.8 on Aug. 8, hoping its associated luck rubs off.
As it looks to entice China’s burgeoning middle class with quality U.S. goods, the Alibaba Group is considering a distribution center in the Detroit area, company officials said at a recent event aimed at adding smaller manufacturers to its online marketplaces.
China is a hot market for U.S. ecommerce sellers, with nearly 1.4 billion consumers who are tech-savvy, increasingly affluent and ravenous for American products. Taking a cross-border approach to the market reduces the risk and cost. Here are 5 tips to help you create ecommerce success in China.
The Alibaba Group reported strong ecommerce growth for the quarter ending March 31. Here is a look at the rest of its business during the quarter.