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Ecommerce Latest News

Alibaba Increases Its Stake In Ecommerce Firm Lazada

Alibaba is increasing its stake in ecommerce firm Lazada from 51% to 83% in a deal that is reportedly to be worth nearly $1 billion. The deal sees Alibaba buy shares from existing backers, including Rocket Internet — Singaporean sovereign fund...

Are Wal-Mart The Only Company Left To Compete With Amazon?

Following another successful Amazon Prime Day, data from Market Track suggests that Wal-Mart is the only company that stands a chance of taking on Amazon. The market tracking firm review price comparisons between many major retailers including Jet...

The Ebay Effect

eBay has been undoubtedly one of the success stories of the internet age. Enabling the person on the street to easily set up their own online store and sell across their own country and the globe has been revolutionary for lots of online sellers...

SaaS Platform Provider Poq Gets Further £3.5 Million Investment

Poq, the ecommerce firm that proved the reach power behind many of the apps used by some of the UK’s biggest retailers has raised a further £3.5 million to help further expand its customer base. Poq is a market-leading SaaS platform for mobile app...

Amazon Prime Day Set To Be Bigger Than Ever Before

July 11 will see the third ever Amazon Prime Day, the special flash sale of the year that will see thousands of products discounted for those members of Prime over a 30 hour period. The first ever Amazon Prime day was held in 2015 to mark the...

An example of a product photograph.

Amazon Has Nearly 40% Of All Ecommerce Spend

With Amazon Prime Day on July 11, there will be deals on products across the site set to attract millions of consumers, it was today revealed that Amazon is responsible for nearly 40% of all global ecommerce sales. New research from Salmon, the...

EKM In Move To Larger Offices To Facilitate Growth

EKM the UK’s largest ecommerce platform provider has announced that it has moved into its new 23,500 sq ft head office, in a bid to position the company for further, continued growth. The move has been in planning for over four years and their new...

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...

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