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.

Alibaba’s Jack Ma leads Amazon’s Jeff Bezos in the grocery line

For years, it looked to some like Ma’s Alibaba Group Holding Ltd. was simply following in the footsteps of Bezos’ Inc., the world’s largest e-commerce company. Just like Seattle-based Amazon, China’s online shopping giant started a cloud-computing business and created original entertainment content. But when Amazon’s $13.7 billion bid for Whole Foods Market Inc. sent shockwaves across the retail industry, Ma looked prescient.

eBay Joins Tech Initiative to Help Developers Help Buyers and Sellers

eBay joined the Open API Initiative. In her announcement on Thursday, executive Gail Frederick said it would make it easier for eBay developers to integrate with the company’s RESTful public APIs, making it easier for its developer ecosystem to create new eBay experiences.

US online retail posts its largest gain in five years

The e-commerce industry had an especially good quarter in Q2, as more than 12% of total retail spending occurred on the web, according to an Internet Retailer analysis of U.S. Commerce Department figures released this morning. U.S. e-commerce sales reached $105.10 billion in the second quarter, a 16.3% jump compared with $90.40 billion in the second quarter of 2016.

Alibaba’s Q1 revenue jumps 56%, driven by Chinese consumers’ online shopping

Alibaba Group Holding Ltd.’s hold over the online shopping habits of Chinese consumers drove quarterly sales and earnings that topped analyst estimates. Revenue jumped 56% and profit nearly doubled in the June quarter, which is Alibaba’s fiscal first quarter of 2018, fueled by a core commerce business that’s adding users and increasing how much they spend.

Walmart’s US online sales grow 60% in Q2

Online sales in the U.S. grew by at least 60% for the second straight quarter at Wal-Mart Stores Inc., and now the retail giant is expanding its efforts to deliver web orders to shoppers faster. Walmart, No. 3 in the Internet Retailer 2017 Top 500, reported online sales in the U.S. grew 60% year over year during the second quarter of its 2018 fiscal year ended July 31.

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