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Could Mixed Results For Ocado Prompt An Amazon Takeover Bid?

Mixed results this week from online supermarket Ocado which saw their profits fall in the first six months of the year by 9.4% to £7.7 million . However, order volumes grew by 15.6% to an average of 260,000 orders per week although the average...

Snapdeal Rejects Initial Takeover Bid From Flipkart

After months of prior negotiations, India’s premier ecommerce company Snapdeal has rejected an initial takeover offer from its larger rival Flipkart. However, it has been reported that talks will continue between the two businesses in an attempt to...

Chinese Ecommerce Sales To Exceed $1.1 Trillion In 2017

eMarketer’s latest worldwide retail forecast has revealed that ecommerce sales in China are expected to surpass $1.1 trillion in 2017 and will account for nearly 50% of all ecommerce sales in the world. The report also revealed that ecommerce sales...

Amazon Completes Deal To Acquire Souq.com

After it was first announced its its intentions in March, Amazon has now entered into the Middle East with its acquisition of Souq.com, described by many as the Amazon of the Arab world. The valuation of the deal is not known as yet, although the...

EU Ecommerce To Grow By 14%

According to a new report from industry association Ecommerce Europe, the European Union’s ecommerce industry is projected to be worth €602 billion ($685 billion) at the end of 2017. This would translate into a 14%   year on year growth. The growth...

European Ecommerce Expected To Be Worth €602 billion in 2017

The European Ecommerce Report was released this week during a presentation at Press Club Brussels by Jorij Abraham, Managing Director of Ecommerce Foundation. The report was undertaken as a collaborative project between the Ecommerce Foundation...

Amazon Files Patent For Drone Multilevel Fulfilment Centres

Amazon has always been at the forefront of technology, but never has this been more apparent than this week with the revelation that Amazon has applied for a patent for “multi-level fulfilment centers” that would accommodate the landing and takeoff...

google

Google Hit With Record Fine By European Commission

Google have today been hit with a huge fine of 2.42 billion euros by the European Commission after it ruled that the company had abused its power by promoting its own shopping comparison service at the expense of others at the top of search results...

bitcoin

Barclays Look At Bringing Bitcoin Into Play

Speaking to CNBC at the recent Money 20/20 fintech conference in Copenhagen, Denmark, the Chief Executive of Barclays said that they had been in discussions with both regulators and fintech forms about “bringing into play” bitcoin and other...

Jack Ma Of Alibaba Woos America

This week see’s the founder of Alibaba, China’s most famous and largest ecommerce company in Detroit to try and woo US businesses to his Alibaba platform as China looks to replace America as the world’s largest consider economy. Currently, over 7000...

Battle Lines Drawn Between Walmart And Amazon

In what many have seen seen as a surprising but not entirely unexpected move, Walmart has issued a warning to tech companies that it does business with that they should not use Amazon’s cloud services. In a statement explaining its stance, a Walmart...

Will Amazon Prime Day Be On July 11 2017?

Have you heard about Amazon Prime Day? If not, it’s the one day of the year that the giant online retailer goes mad and offers amazing discounts on a vast range of highly sought after goods. If you think of Black Friday or Cyber Monday it’s just...

Farfetch Secures $397 Million Funding From JD.com

June has been a good month for Farfetch. Following the announcement by Conde Nast that they had abandoned Style.com and had forged a new deal with Farfetch, today it has been announced that Farfetch has scored a $397 million investment from the...

WPP’s Wunderman And Salmon Launch Wunderman Commerce

This week has seen Wunderman, the leading global digital agency announce that it will be launching a new division, Wunderman Commerce in conjunction with Salmon, an award winning ecommerce consultancy. Who Are Wunderman? Wunderman are one of the...

Are Australian Retailers Right To Fear Amazon?

With Amazon soon to arrive in Australia, domestic retailers have found themselves worrying even more following the announcement that the global ecommerce giant has plans to buy Whole Foods, the upmarket and popular US grocery chain that has 461...

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