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.
Marketplaces
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.
eBay and FlipKart Jointly Pursue Ecommerce Market in India
eBay Inc., a global ecommerce marketplace and Flipkart, an ecommerce company in India, have agreed to jointly pursue opportunities in the Indian market. See how this partnership will help both businesses reach online customers.
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.
Alibaba Sees Record-Breaking Sales of $17.8 Billion on Singles Day
Alibaba Group Holdings Limited announced record-breaking sales of $17.8 billion on Singles Day from Thursday into Friday, up 32% from $14.3 billion in 2015. See how mobile played a part in the overall success of Singles Day and how rival competitor JD.com did on Singles Day.
Alibaba Singles’ Day Tops 2015 Sales with Hours To Go
Single’s Day, the mega-shopping holiday created by Alibaba Group Holding Ltd., and held each 11/11, has surpassed 2015’s total of $14.3 billion, with several hours left. See what is being predicted for this shopping event and how it will impact shoppers.
SnapDeal Launches SnapDeal Gold Service
In an effort to keep up with recent moves by competitors FlipKart and Amazon, Indian ecommerce marketplace SnapDeal has launched SnapDeal Gold. The Indian marketplace boasts that the service will provide no shipping charges, free next day delivery and an extended 14-day return policy. See what else this new service will offer SnapDeal customers.
Indian Ecommerce Market to Reach $220 Billion by 2025
Indian ecommerce is projected to hit $220 billion by 2025, driven by a younger demographic profile, increasing internet penetration and economic growth. See how the strength of logistics and fulfillment operations are critical factors in this surge.
eBay Partners with CaribShopper and Expands into Caribbean
Caribbean ecommerce solution CaribShopper has announced an official partnership with global online marketplace eBay, which will allow shoppers in the Caribbean to purchase items from the “eBay powered by CaribShopper” app. See what this means for Caribbean ecommerce shoppers.