Alibaba Group Reports Strong Growth in Ecommerce
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.
Ecommerce
Amazon Expands Ecommerce Fulfillment Capacity in India
In line with the hyper growth of ecommerce activity there, Amazon is expanding its operations in India by adding seven new fulfillment centers. See which states in India will be part of Amazon’s expansion.
Chinese Rule Changes Ease Restrictions on Cross-Border Goods
New guidance from the Chinese government on cross-border ecommerce has given merchants clarity on potential policy changes, making it easier for them to sell goods in popular categories like food, cosmetics and health supplements normally subject to stricter scrutiny. Here is what is expected from these changes and what it means for cross-border in China.
Amazon Buys Middle Eastern Online Retailer Souq.com
Amazon announced plans to purchase Dubai-based online retailer Souq.com. See how this acquisition will benefit Amazon going forward.
Chinese Ecommerce Market Pegged at $1.7 Trillion by 2020
Despite some forecasts projecting a slowdown in ecommerce in China, a new report from Goldman Sachs sees the world’s largest online market continuing to boom over the next four years. The report pegged Chinese ecommerce sales at $750 billion in 2016 sales, coming from 460 million online shoppers, and projects a CAGR of 23% through 2020 – nearly triple the rate of offline sales. See what categories and companies are leading.
Walmart Increases Its Stake in JD.com
Walmart announced it is once again increasing its stake in Chinese ecommerce marketplace JD.com to 12.1%, seeing this as a better route into the massive market than an asset-heavy play. See what this will mean for ecommerce in China moving forward.
Retail Trends from 2016 Will Drive Success in 2017
What were some of the retail and commerce drivers from 2016 that will continue to have an impact on 2017? As you conduct your holiday season postmortem and roadmap your 2017 plans, here are a few trends to mull over while celebrating the New Year.
Staples Sells European Business to Private Equity Firm
In an effort to focus on its U.S. business, Staples announced it would sell its European business to private equity firm Cerberus Capital Management LP., for $53.65 million. See what this will mean for Staples.
Walmart and JD.com Expand China Partnership
Three months after entering into a strategic alliance to expand the breadth and convenience of online shopping options for Chinese consumers, Walmart and JD.com have announced a series of new ways for customers to access high-quality products from around the world. The initiatives include exclusive Sam’s Club store and a Walmart cross-border store on the JD.com platform and two-hour delivery from Walmart stores.
Cross-Border Ecommerce Prevalent Among Global Consumers
New Pitney Bowes survey finds that cross-border ecommerce is prevalent among global shoppers. See what this means for retailers world-wide.