The rise of e-commerce is continuing to grow at a rapid pace. The total transaction value of e-commerce worldwide is estimated to be $2,875,507 million in 2018[1], with a global user base of 2,818,000,000[2] estimated online shoppers. The US and China represent the biggest markets globally (when it comes to their online spending) whilst countries such as Argentina, India and
Alibaba: king of the holiday season
Tamebay.com reports that Alibaba, the most powerful, well-known Chinese marketplace platform, is the absolute king of the 2018 holiday sales. Comparing the United States versus Alibaba Holiday sales for 2018, Alibaba’s Single’s Day beat all four American Cyber weekend sales combined. Adobe tracked sales in the United States during Thanksgiving Day, Black Friday ($6.2
Geoblocking starts today!
Starting today, the new geoblocking regulation designed by the European Union comes into force. It means that customers from other countries can shop on a localised web shop and products cannot be refused to them. Not serving consumer depending on their geographical relations is called geoblocking. For example, by checking IP-addresses automatically on country code, the web
On Black Friday, more U.S. shoppers chose the computer over the mall
The Thanksgiving Day and Black Friday kickoff of the U.S. holiday shopping season showed the increasing preference for online purchases, as more Americans opted to stay home and use their smartphones while sales and traffic at brick-and-mortar stores declined. The ongoing shift to online shopping has forced retailers across the country to invest heavily in boosting their
Investors slightly disappointed in growth JD.com
Alibaba's biggest competitor, JD.com, finished its third quarter with a total turnover of 15.3 billion dollars. Net profits were about 0.4 billion. Despite these results, investors were disappointed in the growth of the online platform. It was the lowest growth since JD.com entered the stock market four years ago. Now that competition in the Chinese market is rising, JD.com has