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.
AliExpress, Alibaba’s online marketplace that specializes in inexpensive goods, is exploding in Brazil because it’s cheaper for consumers to buy there than from a domestic seller who pays the high cost of importing them, an expert panel told attendees this week at Growing Global 2015. “Brazilians like (AliExpress) even if it takes time for their order to arrive,” said Alphonse Voigt, CEO of EBANX, a company offering ecommerce payment solutions to companies selling into Brazil.
Wal-Mart Stores Inc. bought the remaining 49% stake it doesn’t already own in Yihaodian, a Chinese e-commerce company, a week after its founders left to start a new venture. The world’s largest retailer, No. 3 in the Internet Retailer 2015 Top 500 Guide, bought the stake from founders Yu Gang and Liu Junling, as well as from Ping An Insurance Group, according to the Bentonville, Ark.-based company which didn’t disclose the size of the shareholding held by each party.
It’s out with the very old and in with the new at Shop Direct, one of the biggest online retailers in the United Kingdom. In June, Shop Direct, No. 10 in the Internet Retailer 2015 Europe 500 Guide announced it was closing its e-commerce site for Woolworths, one of the oldest retail brands in the U.K. going back to 1909 and a five-and-dime store name that dates back to 1879 in the United States.
Amazon.com announced net sales grew 20% in the second quarter to $23.18 billion, year over year – but after excluding the impact of foreign exchange, it grew sales 27%. Those are impressive numbers these days in ecommerce. Worldwide unit growth was up 22%, and worldwide seller units accounted for 45% of all paid units, showing the benefit of Amazon’s third-party seller business which, its CFO noted, helps improve selection.
Synchrony Financial, a consumer financial services company, recently announced the results of their 2015 Digital Study, which was focused on how consumers view mobile shopping. The final data shows retailers need to focus on mobile optimization for improved engagement and positive customer experiences. Nearly 7,000 Synchrony Bank cardholders and randomly-chosen shoppers throughout the country were questioned about their view of mobile shopping, what they expect from the experience, and how they currently use mobile devices in the purchase decisions.