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Still reeling from the weekend? Check out today’s ecommerce headlines.

1. FedEx Trade Networks expands Into Malaysia with Penang office

With our network stretching into Malaysia, we are well positioned to proactively respond to customer needs and support them in simplifying the complexities of international shipping,” said Udo Lange, executive vice president and COO, FedEx Trade Networks.

Read the rest of the story here

 

2. Black Friday online sales to hit a record-breaking $3 billion, over $1 billion from mobile

Black Friday is on track to set a new record by surpassing the $3 billion mark for the first time. It’s also expected to become the first day in U.S. retail history to drive over a billion dollars from mobile sales.

“The negative impact on online shopping we saw following the election has not been fully made up, but consumers are back online and shopping,” said Tamara Gaffney, principal analyst and director, Adobe Digital Insights, in a statement. “As spending ramps up on Black Friday, we are back on track. We still expect Cyber Monday to surpass Black Friday and become the largest online sales day in history with $3.36 Billion.”

Read the rest of the story here

 

3. What WeChat teaches about the power  of social commerce

Amazon is a minor player in China, with about 1% of the local e-commerce market. To drum up interest in its products imported from the U.S., Amazon just put a video ad on WeChat, the all-purpose mobile app, with a link guiding people to its online shop.

“WeChat marketing is completely different. It’s a test of your patience and your faith as well. You need to allow it to burn, to travel. Then it will take off.” Says Bessie Lee, CEO of WPP China.

Read the rest of the story here

 

4. It’s ‘Cyber Monday’ in America

A survey released on Sunday by the National Retail Federation and Prosper Insights & Analytics estimates that some 122 million Americans will shop online on Cyber Monday. That’s up only slightly from last year’s 121 million shoppers.

Read the rest of the story here

Ready for the weekend? Check out today’s top ecommerce headlines first.

1. Tmall is turning black Friday into a Chinese phenomenon 

Chinese consumers will get some of the same bargains that Americans do after Thanksgiving, from the same retailers with just a few taps on their mobile phones.

Tmall Global, Alibaba Group’s cross-border e-commerce platform, for the first time has partnered with several U.S. brands including Macy’s, Costco and Target to launch the “Same Products, Same Time, Same Price, Same Black Friday” campaign. Starting with a pre-sale that launched on Monday and lasting through this coming Sunday.

Read the rest of the story here

 

2. Lazada CEO: Southeast Asian startups need core strategies to survive

Entrepreneurs need to know their core strengths and “it has to be something that only they can be good at,” said Maximilian Bittner, CEO of ecommerce firm Lazada.

But succeeding in building up core strengths might not be enough to stay relevant, especially with new and disruptive businesses constantly popping up.In the past, companies would have to invent something, whereas today, successful companies are those who meet a need at just the right time. Lazada’s Bittner shared that disruption in the competitive ecommerce space is something he has concerns about.

Read the rest of the story here

 

3. Walmart tackles food safety through block-chain trial

Like most merchants, the world’s largest retailer struggles to identify and remove food that’s been recalled. When a customer becomes ill, it can take days to identify the product, shipment and vendor. With the blockchain, Wal-Mart will be able to obtain crucial data from a single receipt, including suppliers, details on how and where food was grown and who inspected it.

Read the rest of the story here.

Diving into Friday morning? Here’s what you need to know.

1. Online retailer Ymatou expects huge Black Friday sales

China’s cross-border e-commerce has been growing over the past few years. The Shanghai-based cross-border e-commerce site ymatou.com expects the scale of the Black Friday event this year to be 10 times over last year by hiring more than 30,000 overseas buyers.

Ymatou said it is set to ensure that Chinese online shoppers can get the same deals that their Western counterparts enjoy during Black Friday. Buyers can broadcast their shopping process at the online shopping platforms.

Read the rest of the story here

 

2. Fashion re-seller Banananina gets into ecommerce

Jakarta branded fashion reseller Banananina has moved into ecommerce in a bid to reach potential customers outside the Indonesian capital.

Founder Fitri Maya Safira says the new sales channel is expected to grow daily transactions from 30 to 70 items, and that her customers mainly live in Bandung, Blak, Jayapura etc.

Read the rest of the story here

 

3. Chinese majors Baidu, Alibaba, Tencent & JD may see decline in US deals

Baidu, Alibaba, Tencent and JD have participated in more than 90 deals totaling over $7.7 billion since 2012. Their deal activity in the US peaked in 2015, rising nearly 5x between 2012 and 2015.

However, this pattern may shift following Baidu announcing the launch of a $3 billion late-stage fund in October in the form of Baidu Capital and its $200 million early-stage fund, under the management to Baidu Ventures. This specific fund is targeting investments in AI and virtual reality.

Read the rest of the story here.

 

Winding down from a hectic Monday? Read the rest of the story here.

1. Alibaba Cloud races ahead with global expansion, adds 4 more countries to its portfolio

Alibaba Cloud announced that four new data centers would open by the end of 2016. That would add three new regions to its rapidly expanding portfolio: Europe, Australia, and the Middle East.

Cloud computing is becoming an increasingly essential pillar of Alibaba’s multi-billion-dollar businesses, which include ecommerce and logistics. For this year’s Singles Day, China’s largest shopping holiday, Alibaba Cloud processed 175,000 transactions per second at peak traffic.

Read the rest of the story here

 

2. 7-Eleven Malaysia offers 24/7 ecommerce service

Convenience store chain operator 7-Eleven Malaysia is jumping on the bandwagon in e-commerce by offering parcel locker services in some of its outlets to facilitate delivery for online shopping.

Read the rest of the story here

 

3. Rocket’s Daraz brings Black Friday sales again to Myanmar

Shop.com.mm – the ecommerce engine that Daraz operates in the frontier market  will have over 100 brands covering 10,000 products which will carry discounts up to 80%. The sale will also be held in five counties that Daraz operates in.

Read the rest of the story here

 

Amazon's Prime Day

Source : tomsguide.com

Amazon’s inaugural Prime Day, the company’s global discount shopping event for members only, triggered an avalanche of e-retailing activity that benefited the entire ecommerce industry and created the fourth-busiest online shopping day of the year from a traffic perspective.

SimilarWeb’s news report ‘America’s Online Shopping Frenzy’ shows that Amazon’s web traffic jumped 44.9% on last year’s Prime Day from the previous day’s figure, but that was only the third-largest traffic increase recorded that day among the 25 e-retailers in the study. Wal-Mart, which ran a competing promotion during last year’s Prime Day event, recorded at 61.9% traffic boost that day and Macy’s was close behind with a 58.4% traffic spike.

The data also revealed that these top 25 online retailers in the US recorded 179 million visits between desktop and mobile devices during last year’s Prime Day, a huge increase from their daily averages. Here’s how that compares to what the traffic these web merchants received on the other major online shopping days:

Black Friday (Nov. 27): 274 million visits

Cyber Monday (Nov. 30): 261 million visits

Thanksgiving (Nov. 26): 243 million visits

Prime Day (July 15): 179 million visits

In Southeast Asia, marketplaces such as Lazada could be considered as online competitors of e-retailers but the report reveals that a surge of traffic on a marketplace for a special sale day such as Lazada’s Online Revolution, triggers an avalanche of ecommerce activity for the rest of the online industry.

Amazon is stepping up its promotion for its second Prime Day promotion this year July 12, other retailers have reason to hope for its success as well.

A version of this appeared in Internet Retailer on July 6. Read the full article here.