ecommerce Archive

artificial intelligenceGoogle IO 2018 Keynote and Highlights

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Google I/O is being held from Tuesday, May 8, through Thursday, May 10, at the Shoreline Amphitheater in Mountain View, California. AI is working hard across Google products to save you time. One of the best examples of this is …

artificial intelligenceGoogle IO 2018 Keynote and Highlights

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Google I/O is being held from Tuesday, May 8, through Thursday, May 10, at the Shoreline Amphitheater in Mountain View, California. AI is working hard across Google products to save you time. One of the best examples of this is …

ecommerceAlibaba buys South Asian Daraz

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Alibaba acquired the entire share capital of South Asian eCommerce platform Daraz Group (“Daraz”) for an undisclosed amount. Daraz was founded in Pakistan in 2012 and has since grown into the most popular online shopping destination in the country. Today, …

chinaAlibaba hits 61% revenue growth and expects to continue 60% growth through 2019

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Alibaba’s 2018 first-quarter revenue grew 61 percent to 61.9 billion yuan ($9.73 billion) from a year earlier, beating analyst estimates of a 53 percent increase. The results mark two years of continuous quarterly revenue growth above 50 percent for Alibaba, …

ecommerceCryptocurrencies will be a big part of $4+ trillion World Retail market

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Deloittes Global Powers of Retailing identifies the 250 largest retailers around the world based on publicly available data for FY2016 (fiscal years ended through June 2017), and analyzes their performance across geographies and product sectors. It also provides a global …

alibabaAlibaba Robotic car vending machine is 5 stories tall

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Chinese e-commerce giant Alibaba Group and US carmaker Ford have unveiled an unstaffed car vending machine that is 5 stories tall in China’s southern city Guangzhou. The machine stands about five-storeys tall and contains 42 cars, of various models, including …

blockchainChina global lead in Fintech and Mobile Payments

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Mobile payments are just one of seven key markets for China’s booming fintech industry. Fintech is short for “financial technology” and refers to the application of technology within the financial services industry. This is information from a Brookings Institution piece, …

businessChina’s mobile payments volume could exceed global credit card volume in 2018

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Digital payments in China are processed by scanning QR codes at the point of sales which link to the customer’s bank account in China. China’s mobile payments were 58.8 trillion yuan in 2016. Xinhua News reported that consumers in China’s …

ecommerceFaster, taller, denser, more profitable warehouse robots and Interview with the CEO

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Exotec Solutions, a French AI robotics startup, today announced the launch of the Skypod Robots and associated system. Cdiscount, the top French e-commerce vendor, is now using Skypods to prepare orders in its warehouse near Bordeaux, increasing their order processing …

chinaUSA First and China Second in Internet Ranking Index

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China ranked second after the United States in an internet development index released on Monday that gauges six dimensions from internet infrastructure to application among 38 countries. China has the largest number of internet users and is the world’s top …