ecommerce Archive

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 …

alibabaAlibaba’s Single Day sales 5 times US Black Friday+ Cyber Monday

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Alibaba Group Holding Limited (NYSE:BABA) announced that US$25.3 billion (RMB168.2 billion) of gross merchandise volume (GMV) was settled through Alipay on November 11, 2017, (Single’s Day) an increase of 39% compared to 2016. Mobile GMV settled through Alipay accounted for …

chinaAlibaba insider explains why Amazon lost in China and how it applies to India’s current ecommerce rise

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x-VP of Alibaba Porter Erisman has written a book. Six Billion Shoppers. He explains the rise of Alibaba and how ecommerce is different in China and India. From China to India to Nigeria, e-commerce is entering a golden era in …

chinaChina’s cross-border e-commerce expected to hit $1.3 – 1.5 trillion in 2018 and over half of worlds retail ecommerce

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Chinese cross-border e-commerce transaction reached 6.7 trillion yuan ($1.01 trillion) in 2016, up by 31.6 percent, chinanews.com reported Sunday, citing an index released at a forum held in Shanghai. The Chinese Cross-Border E-commerce Index also predicted that by 2018, value …

amazonJob losses are not at the robotic automation companies but at the companies they are killing

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The Washington Post notes that robotic warehouse automation at an eCommerce company meant more jobs with a third shift at a company called Boxed. They happily note that the robotic warehouse ecommerce company is hiring. The job losses are at …

alibabaAlibaba will open its first physical mall in China

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A five-floor mall is being built near Alibaba’s headquarters in the eastern Chinese city of Hangzhou, according to financial news site Caixin. The Alibaba shopping center reportedly will be called “More Mall” and is set to open in April. The …

chinaAlibaba, Tencent and China’s fast growing ecommerce economy

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Alibaba is now up 89% on the year and valued at $424 billion. Tencent is up 74% and valued at $469 billion. Alibaba’s “China commerce retail” revenue, which covers its giant Taobao and Tmall marketplaces and still accounts for 73% …