Coming to America: Alibaba’s 11 Main Looks to Disrupt U.S. Marketplace
11 Main is looking to take away share from market leaders Amazon.com and eBay by adopting a more disruptive tack vs. the “me too” approach of Japanese operator Rakuten.
Alibaba
ShopRunner Announces Partnership with Alibaba
Fiona Dias, chief strategy officer for ShopRunner, told Forbes the partnership will launch at the end of the year, making it easier for consumers in China to buy American brands.
ChannelAdvisor Partners with Alibaba Group’s Tmall.com
ChannelAdvisor announced that it has partnered with Alibaba Group’s Tmall.com to help retailers bring their business across global borders.
Alibaba Bans Bitcoin on all Marketplace Sites
While Overstock.com announced last week that it has begun accepting Bitcoins as an online payment option, not all merchants are embracing the crypto-currency. The Chinese ecommerce platform Alibaba Group said in a statement that it has banned the controversial payment option from all its Taobao marketplaces.
China’s Single’s Day Breaks World Record with $5.7 Billion in Sales
China’s largest shopping event, Single’s Day, topped nearly $6 billion in sales in just 24-hours, making it the largest single shopping day event in the world.