The Global eCommerce Newsletter 10.03.16

 

[World] What if ‘One Click’ Buying Were Internetwide?
The World Wide Web Consortium, governing body of the Internet, has brought together internet giants like Google, Facebook, and Apple “to fix the clumsiness of paying for things online” by completing a new global standard for online payments. “The standard will provide a uniform way for users to input their credit cards and payment systems to any web browser so that they can be used for any purchase on the web. After the card details are entered once, they will automatically be called up as choices for all future transactions.” The web browser becomes a unified payment portal. The W3C has managed to involve 40 of the biggest online players including Apple, Microsoft, Facebook, American Express, Alibaba, and Tencent. However, neither PayPal nor Amazon participated in the effort.

[India] Just days after the last newsletter reporting on Alibaba’s B2B initiative in India, the Economics Times reports on September 27th that Amazon has injected Rs115 crore (about $17.3 million) into its B2B arm, Amazon Wholesale (India), to compete for the country’s $287 billion B2B e-commerce market. The two companies have been competing indirectly in India in the recent years. Amazon India surpassed Flipkart this July in sales and become the largest e-commerce company in the country. Amazon has invested $3 billion in June alone, taking its net investment to over $5 billion in India. Alibaba, on the other hand, owns significant shares in two leading online retailers, Snapdeal and Paytm. Meanwhile, Walmart is in talks to buy a stake in Flipkart, Indian homegrown e-commerce leader, according to Financial Times. India’s e-commerce market is expected to grow to about $120 billion by 2020, which presents a massive growth opportunity to international e-commerce players.

[US] Robots will hit the streets to deliver your groceries this fall in Washington, D.C.
Six-wheel rovers are beating drones in the race to your front door. Starship Technologies, an Estonia-based startup, will begin testing its autonomous delivery robot in Washington, D.C. where the municipality approves ground-based robots on city sidewalks. Starship robots are about the size of a suitcase, can carry around 40 pounds, and can go up to four miles per hour. Currently, the robots can only roam two miles. Therefore, the startup is partnering with Mercedes-Benz to create a delivery van which will drive from the fulfillment center to a certain destination where the robots can deliver the last mile. //Check out a short demo here

[Canada] Amazon brings free Prime same-day delivery to Toronto and Vancouver
Amazon now offers free same-day delivery for Prime subscribers in Toronto and Vancouver. Orders placed earlier in the day will be delivered by 9 PM. Prime same-day delivery is available seven days a week.

[UK] Sainsbury’s exits digital entertainment, hands over e-book business to Kobo
Supermarket giant Sainsbury’s is exiting the digital entertainment business by outsourcing its e-book operations to Kobo. Customers who have bought e-books from Sainsbury’s will be able to transfer the books to a Kobo library to continue reading and owning them. After picking up Nook’s customer base and business when Barnes & Noble exited the UK market this March, Sainsbury’s will completely discontinue its service on December 1. Amazon now owns 90% of the e-book market in the country. //Sainsbury’s is doing extremely well on Tmall Global in China.

 

Please send comments to jiangnan.zhu@overstock.com.
If you really like the newsletter, feel free to forward it to a friend. 
Thank you.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s