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Google to invest $550M in Chinese e-commerce giant JD.com, which just opened a fully automated warehouse

“Google announced today that it will invest $550 million in Chinese e-commerce giant JD.com” writes Taylor Soper for geekwire.com. The two companies will work together to “explore the creation of next generation retail infrastructure solutions,” according to a news release.Valued at around $65 billion, JD.com bills itself as China’s largest retailer and competes locally with fellow China tech giant Alibaba. Source: geekwire.com Share This:

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Google to invest $550 million in Chinese e-commerce giant JD.com

“JD.com’s investors include Chinese social media powerhouse Ten cent Holdings Ltd , the arch-rival of Chinese e-commerce leader Alibaba Group Holding Ltd , and Walmart Inc “ reports businessinsider.com. The JD.com investment is being made by the operating unit of Google rather than one of parent company Alaphabet’s investment vehicles.Google will get 27.1 million newly issued JD.com Class A ordinary shares as part of the deal.FILE PHOTO: Logo of JD.com is seen on a helmet of a delivery man in Beijing Thomson Reuters SINGAPORE (Reuters) – Google will invest $550…

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Carrefour boss hails progress in e-commerce strategy

“Bompard told shareholders he would make proposals to the board so that his own future departure package would not “stir a debate”” writes Midwest Communications Inc for 95kqds.com. PARIS (Reuters) – Carrefour’s new alliances with tech giants Google and China’s Tencent show the French retailer’s e-commerce offensive is making big progress, chief executive Alexandre Bompard told shareholders on Friday. Source: 95kqds.com Share This:

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Etsy Soars to a Record High on Move to Boost Earnings

“The rate hike was lauded Thursday by KeyBanc analyst Edward Yruma, who had himself in February identified the take rate as an opportunity to boost earnings” writes Austin Weinstein for bloomberg.com. Etsy also boosted its 2018 revenue growth outlook by about 50 percent.After activist investor Black-and-White Capital LP urged it to cut costs last year, Etsy Chief Executive Officer Josh Silverman sought to streamline the business with a narrower focus on revenue generation. Source: bloomberg.com Share This:

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OroCommerce Augments B2B Payments Capabilities With Limonetik

“B2B eCommerce software provider OroCommerce is integrating payments capabilities into its platform through a new collaboration with Limonetik” reports pymnts.com. Together, the companies facilitate seamless ordering and payment of goods on the OroCommerce platform, a deal that also highlighted PayPal’s increasing presence in the B2B payments market.OroCommerce cited data from Forrester that estimates B2B buyers made at least half of their purchases online last year, up from 32 percent of purchases made online in 2014.A press release issued Monday (June 11) revealed OroCommerce is turning to the cross-border payments FinTech…

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Carrefour takes on French rivals in e-commerce with Google tie-up

“PARIS (Reuters) – France’s largest food retailer Carrefour is teaming up with Google to boost its online shopping business on its home turf, where rivals are also launching e-commerce offensives” writes Midwest Communications Inc for 95kqds.com. Casino’s upmarket Monoprix chain in March became the first French retailer to agree to sell products on Amazon.The U.S. firm hopes the program will allow retailers to capture more purchases on mobile phones or smart home devices. Source: 95kqds.com Share This:

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Most Indians like shopping in real stores, but they will spend billions online

“Consumers in India will spend $32.7 billion shopping online this year, a 31 percent increase on last year’s figure, according to eMarketer” writes Lucy Handley for cnbc.com. Sales will be driven by ecommerce leaders Amazon, Paytm and Flipkart, which are all expanding into new sectors including grocery, the research firm said. However, online shopping only represents a fraction of total retail spending in the country: while 25 percent of the population is forecast to shop online this year, ecommerce will make up just 2.9 percent of overall retail sales. Source: cnbc.com…

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Online shopping boom keeps hopes high for air freight profits

“Air cargo rose 9.7 percent in 2017, when companies turned to speedy air freight to refill inventories after unexpectedly good economic growth” reports businessinsider.com. Air freight demand is expected to rise 4 percent this year, the International Air Transport Association (IATA) said at its annual meeting this week in Sydney.SYDNEY (Reuters) – An explosion of e-commerce demand is buoying the air freight business, boosting profit at some major airlines despite global trade tensions and underscoring robust consumer confidence. Source: businessinsider.com Share This:

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This ex-Googler has big plans to kill the ‘Amazon experience’ of online shopping

“Singh is the founder of Obsess, a new online shopping platform that seeks to reinvigorate what she describes as the “boring and tedious” business of online shopping” writes Zo Bernard for businessinsider.com. If an item interests you, you can “pick it up” by clicking over it, which brings you to more details on the item and an online shopping cart.While Carmen Sol’s online store is animated, other Obsess offerings draw from 3D imaging of real spaces.As more retailers move to e-commerce, Singh hopes to provide a platform where they can…

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India’s e-commerce wars to be reshaped by private label brands

“Others see opportunities for Flipkart and Amazon to take some of these Indian private label brands overseas” reports businessinsider.com. And with Walmart now taking on Amazon Inc in India with its $16 billion purchase of the homegrown online retailer Flipkart, India’s e-commerce wars are likely to pivot more toward private label brands.Last year, Flipkart launched its private brand Billion which sells everything from T-shirts to air conditioners.Bisht’s purchases of at least 20 Roadster items from Myntra are symptomatic of the appeal of private label brands for tens of millions of…

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