The Global eCommerce Newsletter 01.30.17

Happy Chinese New Year to you! 鸡年大吉!

[Amazon] Amazon launches hiring spree as it prepares for Australian launch
Amazon is on a hiring spree to prepare for its Australian launch with more than 100 roles advertised in IT, marketing, sales and HR.

[Amazon] Amazon is expanding into the auto parts market
Amazon has struck deals with several of the largest auto parts suppliers in the US to sell their products directly through Amazon. This will put Amazon in direct competition with aftermarket auto parts retail chains like Autozone, Advance Auto Parts, and O’Reilly Auto Parts. The US aftermarket auto parts market generated more than $68 billion in revenue in 2015. Auto parts sales grew 7% per year while U.S. auto sales grew only 1% every year in the past decade. E-commerce auto parts sales in the US grew 16% last year to reach $7.4 billion, with Amazon and eBay holding the top two spots in terms of online auto parts sales.

[Amazon] Amazon adds ocean freight to the pieces of the shipping puzzle it controls
Amazon has acted as a freight forwarder for at least 150 containers of goods imported from China via ocean since October. Amazon doesn’t own ships, or employ crews, but it acts as a logistics provider and organizer for carriers who do own vessels. Owning more of its logistics business is a key way for Amazon to help control costs, especially as its business continues to scale.

[EBay] EBay holiday-quarter revenue up 3.1 percent, shares jump
EBay reported a 3.1 percent rise in revenue for the fourth-quarter holiday period. The company said gross merchandise volume, or the total value of all goods sold on its sites, rose 2.2 percent to $22.34 billion in the fourth quarter.

[Alibaba] Jack Ma’s Ant Financial pushes into US with $880m Moneygram acquisition
Alibaba’s financial arm Ant Financial acquired Texas-based money transfer service Moneygram for $880 million. Moneygram, founded in 1988, operates in more than 200 countries with a global network of 347,000 agent offices for its money wire services.

[Wal-Mart] Wal-Mart’s strategy shift comes with 200 e-commerce job cuts
A memo sent Tuesday to Wal-Mart employees from Marc Lore, the retailer’s president and CEO of U.S. e-commerce, informed staff of the cuts

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