Online consumers in Germany buy more and more goods abroad. According to DPD's e-shopper barometer, half of German online shoppers have accessed a foreign webshop to purchase a product cross-border. Overall, the share of online foreign purchases in the German total volume is about 17%. Above all, Germans tend to buy cross-border in Germany. A total of 44% is accrued from
Bank of China to enable payment in Yuan on U.S. e-commerce platforms in 2019
The official Xinhua news agency reports that the Bank of China’s New York branch will enable Chinese firms to receive payment in Yuan rather than Dollars from their sales on U.S. e-commerce platforms this year. Pledging to introduce more services for small and medium-sized enterprises engaged in cross-border trade between the United States and China, executives from the branch
Alibaba buys German start-up Data Artisans
Chinese e-commerce giant Alibaba has acquired German data analysis start-up Data Artisans for close to €90 million, reports Handelsblatt. Whether it is for autonomous driving, online trade or financial transactions: data is more important than ever and more and more data is being collected. Companies all over the world are now competing in finding the best solution to processes
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
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