Around the E-commerce world in 5 mins!

E-commerce is changing everyday, and sometimes by the minute. So many new ideas and developments everyday, becomes hard to keep track.

We bring to you a curated digest of e-commerce developments/happenings around the world, compiled from various publications across the Internet.

E-Invoicing is the Straw that Stirs International E-Commerce

According to a recent study by Ardent Partners, 29% of companies are implementing e-invoicing today, with 55% planning to adopt it within the next two years.  And the cost savings they receive are significant. According to Billentis Research, a company can save nearly up to 80% by implementing e-invoicing and automated invoicing processes, instead of paper-based systems.

China E-commerce Targeting Rural, Foreign Markets

Alibaba announced in October 2014 that it will invest 10 billion yuan over the next three to five years to build 1,000 “operating centers” in county seats and up to 100,000 “service outlets” in villages in order to expand its presence in the rural market.

Amazon surprises with $214 mn quarterly profit

Amazon posted earnings of $214 million in the fourth quarter as sales jumped 15 per cent to $29.3 billion, swinging to profit after two consecutive losing quarters.

Alibaba Group’s financial services affiliate plans an IPO in 2016- Report

Alibaba Group Holding Ltd’s financial services affiliate is planning an initial public offering that could take place next year, Bloomberg reported. Zhejiang Ant Small & Micro Financial Services Group, which contains Alibaba’s Alipay payment processing and financial services arm, has an estimated value of about $50 billion, Bloomberg reported, citing people familiar with the matter.

Zomato acquires Turkey-based Mekanist in all-cash deal

Online restaurant guide Zomato has acquired Turkey’s popular restaurant research service firm Mekanist in an all cash deal for an undisclosed sum. Post this acquisition Zomato’s restaurant coverage will increase from about 27,500 restaurants in Istanbul and Ankara to more than 50,000 restaurants across Turkey

 

 

 

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