ecommerce Archive

chinaChina dominating global luxury good and e-commerce sales

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In 2017, China’s purchase of luxury goods was equal to the USA and Japan combined. By 2024, China luxury goods purchases almost to the level of the USA, Europe and Japan combined. Consumers in China spent $118.39 billion on luxury …

chinaMobius says Yuan could freefall and China has to make trade deal

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Mark Mobius, partner and co-founder of Mobius Capital Partners, says China markets are very weak. The yuan weakness and tradewar are killing China shares. This can only be solved by China making big concessions to Trump on trade. If and …

appleApple CEO Tim Cook calls for strong privacy protection

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CEO Tim Cook blasted Silicon Valley technology companies and their abuse of user privacy. Tim gave the keynote address at a privacy conference in Brussels Wednesday. Facebook and Google make most of their money from advertising. Cook said * Personal …

chinaChina E-Commerce on track to 59% of world E-commerce in 2021

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E-commerce sales in China was over $1 trillion in 2017. Alibaba paid about $6 billion to take control of China’s top supermarket chain and one of its biggest department-store franchises. A Guangzhou-based startup called BingoBox has built a network of …

amazonPuranik CEO of Atlantic.Net validates space based cloud operations

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Space could represent a new frontier for cloud infrastructure. Amazon, Microsoft, Google, IBM and Oracle battle for business from companies that are offloading their data center computing and storage needs. Marty Puranik, CEO and Founder of Atlantic.Net, a leading cloud …

artificial intelligenceChina will accelerate robotics, AI and ecommerce to match US

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China will make more investments and accelerate reforms of agencies and systems to boost its $3.8 trillion digital economy. The digital economy included the internet of things, big data, clouding computing and AI. The National Development and Reform Commission has …

ecommerceFacebook reports security breach affecting 50 million accounts

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On the afternoon of Tuesday, September 25, the Facebook engineering team discovered a security issue affecting almost 50 million accounts. They are taking this incredibly seriously and wanted to let everyone know what’s happened and the immediate action they have …

amazonBig Tech advantage is larger than WW2 code breakers over Germany

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Google has over 90% of the world’s searches. Source: StatCounter Global Stats – Search Engine Market Share Facebook has 65% of social media. Source: StatCounter Global Stats – Social Media Market Share < href="http://www.visualcapitalist.com/chart-shows-amazons-dominance-ecommerce/">Amazon has almost 50% of all eCommerce …

chinaOnline services giant Meituan Dianping and is now worth $51 billion

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China food delivery service Meituan Dianping had a $4.2 billion IPO. The company’s market cap reached about HK$400 billion (US$51 billion). Co-founder Wang Xing’s now has a net worth US$5.3 billion. Wang Xing’s vision for Meituan is to be an …

ecommerceHow will Google and Facebook be regulated in response to fear of the tech giants?

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For a few years there has been growing calls to curb the monopoly power of Amazon, Google and Facebook. Previously Republicans have been against monopoly regulation. Recent developments could cause Republicans in the House and Senate to support the White …