[Pakistan] Pakistan ‘red-hot’ destination for e-commerce: eBay
Devin Wenig, CEO of eBay, made a statement in Davos during the World Economic Forum about Pakistan. He sees Pakistan as “a red-hot destination for the e-commerce industry and expects that online shopping in the country would escalate at a great pace in near future.” He thinks the market is ready for the arrival of bigger ecommerce companies like Amazon, PayPay, or eBay.
[Australia] DHL eCommerce launches Sydney FC
DHL eCommerce has launched its Australian fulfillment center in Sydney, enabling both domestic and international ecommerce retailers to grow in the country. “Nearly 75% of total online spending by Australians goes to domestic retailers, with the value of e-commerce purchases expected to grow by nearly 50% between now and 2020.”
[US] Walmart to ramp up ecommerce drive
Last Friday, Marc Lore, former CEO of Jet.com and current president and CEO of Walmart eCommerce U.S., announced a new management structure in an internal memo. “Our strategy is about offering more choice, competitive prices — particularly on food and consumables — and operating on the strength of the world’s most efficient ecommerce supply chain. We’ve also talked about building a simpler organisation that enables us to work faster and smarter,” he wrote. Marc Lore’s memo also outlines plans to tie the supply chains of Jet.com and other online businesses with Walmart’s network of warehouses and distribution centers.
[China] WCA and Alibaba.com Collaborate on Cross-border E-commerce Shipments
World Cargo Alliance (WCA), an independent freight forwarder alliance, and ecommerce giant Alibabba.com signed an agreement to allow approved WCA member companies to provide cross-border logistics services on Alibaba.com. “The collaboration, starting this month (January 2017), will facilitate shipments generated by Alibaba.com’s members to be made to the major export markets of the USA, India and the UK.”
[Middle East] Amazon Said to Walk Away From $1 Billion Souq.com Takeover
Amazon.com and India’s Flipkart have walked away from talks to acquire Dubai-based Souq.com after disagreeing over price. Souq.com sells more than 1.5 million products online to customers in countries including the United Arab Emirates, Egypt and Saudi Arabia.
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