Around the Ecommerce world in 5 mins!

Ecommerce 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 ecommerce developments/happenings around the world, compiled from various publications across the Internet.

Amazon offers a 5% cash-back credit card to Prime members

Amazon, No. 1 in the Internet Retailer 2016 Top 500, announced today a deal with J.P. Morgan Chase & Co. to offer the Amazon Prime Rewards Visa Signature Card exclusively to Prime members. Perks include 5% cash-back on Amazon purchases; 2% back on purchases at restaurants, gas stations and drugstores; 1% back on all other purchases; and no foreign transaction fees when the Visa card is used abroad. The cash-back rewards can only be applied to purchases at Amazon.com.

eBay Australia hikes fees to discourage auctions

eBay have a not so loving Valentines Day treat for their Australian sellers – A pricing update comes into effect on the 14th of February 2017.eBay Australia are jacking the insertion fee for an auction up from $1 to $3 for items with a start price of up to $100. Tripling the fee for low value items is tempered with a 50c reduction down from $3.50 to $3 for items with start prices over $100.

Alibaba advances its store plans in China with a $2.6 billion deal

Alibaba Group Holding Ltd. pioneered shopping on the internet in China. Now it thinks it can teach old-school retailers a thing or two about real-world commerce. The online juggernaut that vanquished eBay Inc. and Amazon.com Inc. in China has set its sights on transforming the byzantine world of bricks-and-mortar retail. In its biggest old-economy deal so far, Alibaba is leading a bid to buy out department store chain Intime Retail Group Co.

UK online sales increase 9.5% in Q4

Online sales growth in the United Kingdom didn’t crack double digits during the holiday season as it did in the United States, but that’s not causing despair. Data released by the British Retail Consortium-KPMG Retail Sales Monitor for the fourth quarter shows online sales grew by 9.5% year over year during the quarter ended Dec. 31. For December alone, UK online sales grew 7.2%, half the growth rate of 15.1% in December 2015, BRC says.

eBay aims to get a better handle on fake handbags and other fashion items

EBay Inc. will begin authenticating luxury handbags, footwear and other commonly counterfeited fashion items this year, looking to gain an edge as shoppers become more wary of the abundance of fake goods posted to online marketplaces. The company will use a network of brand experts to verify that a Chanel handbag listed on the marketplace, for instance, is real.

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