1. Wal-Mart looks to Jet.com to propel e-commerce efforts
Wal-Mart is in talks to buy Jet.com, the one0year old online discount retailer. The online startup has already raised more than $500 million in the past year but has yet to turn a profit. Meanwhile, Wal-Mart has been keeping up with Amazon. Last year, Wal-Mart’s ecommerce sales reached $14 billion, while Amazon has topped $107 billion.
2. E-commerce gives Deutsche Post a Q2 profit boost
Rising parcel deliveries for online retailers and an increase in postage give Germany-based Deutsche Post a profit boost in Q2, at the fastest pace since the fourth quarter of 2011. Despite of the weakening letter volume, which is falling as much as 3% per year, growth from the ecommerce industry will remain strong.
3. Indonesia will be Asia’s next biggest e-commerce market
The Indonesian ecommerce market is projected to be worth $130 billion by 2020, right after China and India.
4. Flipkart is buying online fashion retailer Jabong
India’s largest ecommerce marketplace Flipkart will buy India-based online fashion retailer Jabong. Jabong, as a household name with a strong customer base, carries 1,500 high-end brands. The deal will make Flipkart the largest fashion ecommerce business in India, with nearly 15 million monthly active users. Its competitor, Amazon India, recently announced an additional $3 billion investment into its e-commerce operations in India.
5. Sainsbury’s China doubling product range
With a successful trial run on Tmall Global, British supermarket chain, Sainsbury’s, plans to double its offering in China by adding 100 more products from foods category. Sainsbury’s started selling on Tmall Global last September. //Sales increase from China can definitely offset the Brexit uncertainty.
6. Alibaba Group: First e-Commerce, and now e-Sports!
Alibaba Group has been diversifying its core business into newer avenues such as virtual reality and it is about to make its way into e-sports. It recently announced a $150 million investment in the International e-Sports Federations in the hope of gaining recognition in the global arena. Alibaba’s competitors, including Amazon’s Twitch and Tencent, have already been competing in the e-sports industry. Deloitte Global estimates that the eSports industry is worth $500 million in 2016.
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